There is a lot of debate just now about buying Bulgarian property. Many argue that it is too late and that prices have already risen by too much. Such a broad answer however is not possible. For sure if you buy in the overdeveloped coastal resorts then this is not a good idea. Prices here have already risen too fast and are reaching bubble territory.
With the growing tourist numbers arriving in the countries and many global countires looking to relocate to Bulgaria there are still many good investments if you choose carefully. Although there has been strong increased over the last 3 years, Bulgaria property prices still offer opportunities for investors if you look in the right location.
Just now we believe that the best investment areas are the capital city of Sofia which is benefitting from the arrival of serveral fortune 500 companies and the ski resorts of Bansko, Borovets and Pamporovo which have yet to be fully discovered by western tourists.
Sofia property is still increasing due to the arrival of companies like Hewlett Packard, Microsoft, Google and other. These companies have chosen Sofia because of the availability of cheap highly skilled labour and also the low cost of office space in the city.
The ski resorts on the other hand offer a play on the growing tourism market and the increasing popularity of skiing and snowboarding. As ski resorts in the Alps become more and more expensive tourists in search of snow and slopes are deciding to venture further afield and experience Bulgaria.
The investment opportunities for Bulgarian real estate have not disappeared and it is definitely not too late to pick up a bargain Bulgarian property. Just make sure that you do your research first.