Bulgaria is an exciting emerging market and currently offers property at prices simply un-obtainable in other areas of the world. With prices steadily rising and set to continue to do so for some time, wise property investment in Bulgaria promises excellent returns on investment. Purchasers are snapping up bargains now, with a view to enjoying excellent returns on investment in the near future.
With an increase in tourism of 50% between 2000 and 2004, Bulgaria has established itself with the fastest growing tourist trade in Europe and this, in turn, is steadily driving property prices upwards. Tourism concentrates mainly on the Black Sea Coast resorts and increasingly popular ski locations and it is creating a very stable buy-to-let environment for investors.
Bulgaria is a new member of the EU. Traditionally new EU countries experience steep increases in property values and tourism from other EU nations, and have upgraded their infrastructures and economic structures to EU standards.
Bulgaria has come a long way since its former Communist days and today has a stable government committed to economic reform. Now a modern, strong and rapidly growing country, Bulgaria is recognized for its promise on the international market with GDP growth reaching the highest in Eastern Europe (Institute of International Finance) at 6% for 2005/2006.
With warm weather and stunning blue flag beaches as well as beautiful countryside, and modern, vibrant cities Bulgaria has something to offer everyone.
Close proximity to Europe and increased low cost airlines offering direct routes to Bulgaria from many UK and other European airports, make Bulgaria easily accessible and a viable property location for investors and property purchasers alike.