When the question arises as to whether Bulgaria property is still a good buy, the answer is yes, but only if you know where and what. Bulgaria itself is enjoying a boom time. It is no longer seen as a grey Communist state and has made impressive progress towards long-term stability and sustained growth. Tourists are pouring in at a rate of over 4 million per annum and it is estimated that by 2010 this figure will have increased to 20 million. Despite astonishing price hikes of over 30% per annum for the past year, the low level of Bulgaria property prices still offer investors excellent opportunities to ride the wave of capital growth as Bulgaria heads towards pending EU accession in January 2007. Read more…
Bulgarian Property & Real Estate News
Holiday home real estate in Bulgaria continues to develop
On August 24, an international real estate company published the first market overview of the holiday home real estate in Bulgaria. The report documents significant developments in recent years in both mountain and coastal resort areas. The market for Bulgaria real estate experienced significant development in the past year in these areas.
Demand for holiday homes in the country has taken off in recent years. The upcoming EU accession, the growth of the tourism industry, and the comparatively low prices of real estate in Bulgaria are among the main factors driving demand. Read more…