Why Invest In Bulgaria
Bulgaria is emerging as the fastest growing country in Europe for tourism and real Estate.
Around eighteen months ago few people knew anything about Bulgaria, or the opportunities for investment in this developing country and fast growing property market.
With around 500 million Euros being invested by foreigners in Bulgarian property last year, there is no denying that Bulgaria is currently the land of opportunity. Many of the properties that we have sold to date have been purchased at amazingly low prices and early buyers have already seen excellent returns on investments.
The accession treaty to join the EU was signed on 25th April 2005 and ratified on 11th May. Now as preparations to enter the EU continue, Bulgaria is featured almost everywhere you look, including TV, national newspapers, investor and property magazines, property exhibitions and a vast amount of reference sites on the worldwide web.
The general cost of living and labour is one of the cheapest in Europe, which has kept property prices low and made Bulgaria a popular choice for tourists and investors alike.
In total, 259,092 tourists from the UK visited Bulgaria during 2004, which is a huge increase over the previous year and is expected to nearly double for 2005 & 2006.
Get first movers advantage!
Early investors, taking note of the opportunities in Bulgaria, have been picking up traditional houses, land and off plan developments at the lowest prices. Recent studies have shown average property values rising at 30 – 40%.
During 2004 around 500 million euros were invested by foreigners in Bulgarian property, compared with 98 million for the whole of 2003. January 2005 saw an increase of 10% compared to the same month in the previous year. This year the figures are just as impressive and are going to increase at a steady rate.
For the record, we recommend that you consider Bulgaria as a longer term investment rather than just aim for a quick return.
The diverse geography and climate means that investors have the opportunity to spread their property portfolios between sea (220KM of sandy beaches), ski (three major ski resorts) and rural tourism (fishing, hunting, forestry, caves, eco trails and sports).
Property prices will not stay low for long!
The simple facts
• Bulgaria is scheduled to join the European Union on 1st January 2007.
• The coastline boasts 220km of sandy beaches
• The diverse geography and climate offers beautiful, country, ski and beach resorts.
• Property prices are currently some of the cheapest in Europe and last year rose by over 30%.
• In Bulgaria there are many more investment opportunities at a cheaper entry level than in other EU countries.
• By 2010 it is expected that visitors to the sea resorts alone will increase to 4.5million
• Significantly lower labour costs, compared to European averages.
• The general cost of living is one of the cheapest in Europe.
• Away from the tourist areas you will find dining out exceptionally cheap, where a three course meal with wine will cost you less than £5 a head.
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