Why buy a property in Bulgaria?
Why Bulgaria?
Rental and Investment Opportunity
Now has never been a better time to invest in Bulgaria, with recent times having seen record property sales registered. Holiday apartments in Bulgaria's Black Sea and Mountain Ski Resorts have increased by up to 40% in the 12 months to Dec 2004. Forecasters expect prices will continue to increase 20%-30% annually until 2007 at least (the year EU accession for Bulgaria).
Bulgaria's tourism sector is well established and has recently become one of the fastest growing tourist destinations in Europe. The number of tourists visiting Bulgaria is expected to reach 4.4m in 2005 and as tourism continues to grow exponentially, rental opportunities for the right property are high.
The country has a number of unique features in its favour
- Scheduled to join the EU in 2007
- Rapidly emerging property market
- The currency is stable and linked to the Euro
- Full member of NATO
- Established and fast growing tourist industry
- Rapid economic growth ahead of EU membership
- Property prices currently rising at up to 30% p.a.
- Budget airlines expected to start servicing the Black Sea coast from mid-2007 or 2008