Property in Bulgaria has been listed as the 3rd most profitable location for buy-to-let investors, following after Poland and the UK, according to a report from property investment firm Assetz. Investing in property in Bulgaria is followed by France, Turkey and as the top property investment locations. Poland offers in excess for 150% return, with the UK showing 60% returns and Bulgaria over 50% return on investment.
Bulgarian properties have risen sharply over the last 3 years. In the early 90’s the country was struggling to emerge from communism and battling with corruption and crime problems. However both local and international property developers were quick to realize that Bulgarian properties could be one of the top global property investments. Although the period for dramatic quick returns has probably passed, Bulgaria property still has a lot to offer investors who are prepared to take a medium or long term view.
The main driver for the country real estate market has been its growing economy; from increased tourist revenue to rapid FDI growth and growing employment levels.
Since the mid 1990’s Bulgaria has enjoyed economic stability and strong growth. This combined with a fixed link to the euro has helped drive from the Bulgarian property market. Improvements to the county’s infrastructure and the arrival of many global Fortune 500 companies, has boosted growth and local employment. Combined with Bulgaria’s accession of the EU this economic growth and improvement infrastructure has boosted property prices across the country.
International real estate experts are predicting continued strong growth in Bulgarian property prices and international investors start to realize the benefits of locating in this fast growth corners of Eastern Europe.