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| Bulgaria Property Investment
Bulgaria (officially the Republic of Bulgaria) is a country that is ready to begin a prosperous boom. Bulgaria is already an active member of NATO, and is set to become a member of the European union in 2007. The Bulgarian economy is stable - strong growth in industrial production. High GDP growth over the last few years. Average of 4.8% grown over the last five years, and inflation has been reduced to the low level of 2.3% in 2003. Every year the foreign direct investments "FDI" into Bulgaria are increasing. Bulgaria Property prices are increasing underpin by the bulgarian economy. Low Prices: Property in the Bulgarian captital - Sofia, and in the resorts (Sunny Beach, Golden Sands, Bansko, Pamporovo) are prices approximately ˆ900-1100 per square meter. To give you a better understanding of the market here are some prices at our neightbours - Zagreb, Croatia - ˆ2200-2500 per sq/m, Belgrade, Serbia - ˆ2000-2200 sq/m, Romania - over ˆ1500 sq/m, Athlens, Greece - ˆ7600-8800 sq/m. It is clear that Bulgaria has the lowest prices for buying a property for living or for investment. The current cost of domestic borrowing is relatively high - The rate that ordinary Bulgarians pay for a floating rate mortgage is in the range of 10 – 12% pa. We believe that once Bulgaria joins the EU, interest rates should fall in order to harmonise with rates in the Euro zone. Lower interest rates should help stimulate the Bulgaria property market. Many people and companies already invested in Bulgaria: Foreign direct investment "FDI" into Bulgaria has increased on a year to year basics. A whole new complexes was build and are already building with thousands of apartments, in spa centers, golf courses, on the black sea coast. Off-plan developments are great for invesment as a lot of them has guantered rental at about 10% per year. Buying a agricultural land on some places is also a great invesment, as our company could assist you in regulation of the land, and to resell it at a better price - many people made between ˆ50-100 000 through us just buying a plot of land and selling them at a bigger price after a year. Fastest developing tourist destination in Europe Every year tourist income in Bulgaria increaces. Bulgaria has officially over 8 million registered residents, and every year over 4 million tourists comes to our resorts - its 50% of the Bulgarian population! The upgrading of Bulgaria's tourism infrastructure and conditions is one of the highest priorities of the Ministry of Trade and Tourism and the government itself. Currently the main tourist areas are the Black Sea beach resorts (Sunny Beach, Nessebar, Pomorie) and the ski resorts (Bansko, Pamporovo). The tourist sector is now one of the fastest growing industries in Bulgaria and, a recent surver undertaken on behalf of travel agent Lunn Poly, concluded that Bulgaria was the last expensive desstination ofor short-haul breaks quoting a three course meal with wine as costing arround £5.58 compared to £14.43 in Majorca. Buying a property in Bulgaria is nominated as one of the most guarantered and fast income investment for the last several years. So don't wait and take a look our plots of land for sale , pick up an apartment in a beach or ski resort or contact us to give you the best advice! |
To browse our Bulgarian Properties for sale please click here
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