Israelis will show interest in the purchase of second home and in smaller Bulgarian property projects. After its EU accession, Bulgaria attracts increasing number of Israeli investors looking for Bulgaria property. Initially pensioners will buy houses in Bulgaria. Younger investors would look for Bulgaria property in seaside and ski resorts, Monitor daily reported. Companies investing in Bulgaria property will turn to tourism developments, mainly in areas having mineral springs and the potential to develop spa tourism.
A few years ago Israeli companies lacked interest in Bulgaria property. The EU entry is to change the trends and the amount of foreign investment coming from Israel, economists predicted. Israeli investment in Bulgarian property reached $50 million in 2006. According to predictions Israeli companies will refrain from investing in major property developments in Bulgaria.
Source: PropertyWiseBulgaria