Property in Bulgaria is very much in the limelight now that it has joined the EU. “Foreign investors look at tourist growth, gross domestic product growth, transparency of the Bulgarian property purchasing process, wage inflation and easier access to mortgages,” Mr Valletta from UK company Vector International explains the reasons for the success of property in Bulgaria.
“Rapid tourism growth in Bulgaria is mainly due to a good mix of markets. You go to the heart of Sofia, which is truly elegant, yet is becoming a great commercial hub, attracting huge institutional investors to Bulgarian property,” he says. “Then there are leading ski destinations such as Borovets and Black Sea resorts such as Albena and Golden Sands, central Bulgaria with its rose cultivation and perfume making, the Radopi Mountains, and other beautiful places such as Plovdiv, with its 20,000-year-old prehistoric remains, and Rila Monastery in the mountains.”
Source: Sofia News