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Why to invest in Bulgarian properties?


Bulgaria property in the year 2004 became one of the leaders amongst investors looking to buy a holiday home or buy-to let property in emerging markets. Property in Bulgaria is by all means an up-and-coming market to invest. In Bulgaria, property makes a good investment considering the long-term prospects for the country and offers considerably better value for money than any other European destination. Properties in Bulgaria offer excellent value for money compared to other holiday destinations in Europe. Because Bulgaria is not yet in the EU however, many investors are buying property in Bulgaria now to benefit from the economic improvements that the country will enjoy once it does become a member. These economic improvements will likely translate into higher property prices in the real estate sector, therefore those who buy now believe that they will benefit from the greatest price gains and make the maximum profits and enjoy the longest period of growth. Bulgaria is on track for EU accession - that means that it is about to gain full membership of the European Union in 2007. When the country is a member it will benefit from freer trading rights, it will easily attract more foreign direct investment, more companies will set up offices and bases in the country and as a result employment opportunities will increase and overall the local Bulgarian economy will benefit positively. The membership will bring funds to improve the infrastructure significantly. This is normally reflected on the property market prices. Direct flights from no frills airlines will start in the near future.

Today more and more expatriates are attracted to Bulgaria .These expatriates are drawn by the climate, the safe sandy beaches, the incredibly low cost of living and low prices generally, the historical heritage that Bulgaria offers and the welcome they get from the friendly Bulgarians. Those choosing a new life in Bulgaria now are getting in ahead of the pack as this country is about to become very fashionable. Expatriates attracted to Bulgaria are rewarded with great beaches a sunny climate and attractions as diverse as wine tasting, aqua parks, ancient monuments, nature parks, music and flower festivals. On the whole Bulgaria is a peaceful, law abiding and trouble free country and Bulgarians are friendly, warm and welcoming people.

Affordability of high standard good quality Bulgarian apartments in the popular resorts like Golden Sands, Sunny Beach, Albena and Riviera makes the country such a hot spot for buying a property. The property in Bulgaria remains the cheapest in Europe. Bulgaria property attracts a lot of buy-to let investors due to the increasing popularity of the resort amongst western European nations. This promises increasing returns on the property market, previously reliant on local and Eastern European tourism. Bulgaria remains the cheapest holiday destination in Europe. A meal in a good pub with drinks would cost you well under £7. Bulgaria has 360 kilometers of coastal sandy beaches as well as the Balkan and Rhodopes Mountains. The temperature varies from region to region. In summer sea resorts enjoy comfortable 27C-34C in the shade and cooler temperatures in winter - 6C-10C in the coastal part.

Property prices in Bulgaria may be artificially deflated but they are starting from a low position anyway because the country is just beginning to emerge into a first world country with first world infrastructure - as and when it joins the EU it will most likely make further leaps forward in terms of its development and this will make the country more attractive to more people which will increase the demand for real estate which will push up the prices for property and those who buy before this predicted boom will be able to reap the greatest rewards.



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