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Bulgarian Property & Real Estate News

Investing in Property in Bulgaria brings strong returns

Bulgaria enjoys an attractive location situated between Europe and Asia. This makes property in Bulgaria is increasingly interesting for investors and tourists alike. Bulgaria has borders with the Black Sea to the east, Romania to the north, Greece and Turket to the south and along its west border is Serbia, Montenegro and Macedonia. The property investment options in Bulgaria range from ski resorts like Bansko and Borovets to the many beach resort dotted along the Black Sea coast. The climate and growing ecomony make property in Bulgaria a very lucrative investment, especially as Bulgaria has not yet joined the EU. This is expected in 2007 and may very well drive up the price of Bulgarian properties even further.

Bulgaria as a country offer some amazing natural sights. From the coastal regions to the mountain the nature and fauna are beautiful and untouched. The government is wise to the fact that nature tourism is a growing business and as a results aims to protect the beauty of Bulgaria.

Bulgaria property investment offers both financial and personal rewards. Whether you plan to ise your property in Bulgaria as a holiday home or as a rental investment, now is the time to buy property in Bulgaria.

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UK buyers looking at Bulgarian Properties

Over 15% of all UK overseas investors are thinking about buying property in Bulgaria or Romania. As a result of both countries joining the EU at the start of the year eastern Europe is now one of the property investment hot spot. According to overseas property group MRI accession to the EU is a major factor in boosting investment in property in Bulgaria.

Trips by foreign tourists to Bulgaria went up by over 8 % last year, to almost 1.5 million visitors. There was also a significant boost to Romanian tourism.

MRI has commented that similar to other eastern European countries that have joined the EU, Bulgarian properties are likely to experience stop growth over the next few years

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Bulgarian Property still popular with investors

Bulgarian property along with Cyprus and Portugal, have been named three of the top property locations for UK investors looking to buy abroad in 2007. Spain unusually has not been so popular and experts recommend avoiding Spanish property just now. The continuing low prices of Bulgarian properties make them very attractive with overseas investors.

Investing in Bulgarian property offers many opportunities due to its improving infrastructure and booming economy and tourism sectors. The Bulgarian economy is unrecognizable from the 1990’s when it was slowly emerging from communism and just beginning to adopt a market economy. Read more…

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There is still time to profit from property in Bulgaria

The first investments in Bulgarian property were long before the country even thought about joining the European union. Now that EU accession is on the way next year does that mean and Bulgarian properties are no longer good investments. Not so say leading investment brokers. In fact in their opinion the advantages brought about by joining the EU are only starting to be felt in the Bulgaria property market.

The early speculators are gone but now they are replaced by more experienced and long term buyers. Property in Bulgaria is now considered a safe investment for the medium to long term with excellent capital appreciation and rental yields. Of course the market boomed in the run up to EU membership but there are still plenty of opportunities for the careful buyer who does their homework. Read more…

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Bulgarian properties still attracting foreign investors

Bulgaria will become a member of the EU in January 2007 and is fast becoming the main tourist center on the Balkans. Helped by European funds the government has focused on improving the infrastructure and boosting economic activity in the country. This has resulting in a boom for Bulgarian properties investment.  The market is boosting by the major tourism potential in the country. The country is now the number 3 holiday destination for UK tourists with only France and Spain being more popular. As a result of the strongly increasing prices, buying Bulgarian properties is recommended as one of the top property investments at the moment.  Bulgarian property prices rose by almost 40% last year and this is expected to continue after accession to the EU as a result of the better legal framework and rules brought about by joining the EU. Whether looking for a holiday home or an investment property there is still time to get your hand on a cheap Bulgarian property.

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Bulgaria Property – is now the time ?

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. Read more…

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Bulgarian property – choosing the right location is key

Bulgarian properties started to level out during the first half of 2006 according to leading international estate agents Colliers. The latest global price survey shows that prices for Bulgarian property were only slightly up in the last 6 months compared to the earlier period. previous years, with supply exceeding demand.

The Ivan Vazov district in Sofia is now the second highest priced location for Bulgarian property after the usual no. 1 for Sofia property –  Doctor’s Garden. The average purchase prices in Doctor’s Garden reached almost 1200 euros per m2 in the first half of 2006, whereas prices in the Ivan Vazov district were averaging just 1050 euros per m2, with Lozenets following behind at 900 euros per m2. Read more…

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Bulgarian Real Estate Prices Up 20%

Bulgarian real estate prices have increased by 20% over the last 12 months, according to the latest research from London real estate agents. Only real estate in Latvia grew at a quicker pace last year. The growth is put down to increased economy output, improving infrastructure and legal frameworks and of course Bulgaria’s plan to join the EU.

Many UK citizens are becoming disappointed with life in the UK and opting instead to move to Bulgaria where life is easier and the cost of living is significantly lower.

A large percent of these buyers are planning to buy in rural areas, where they plan to settle down and live for their retirement. The climate in Bulgaria is an additional attraction. Some people are even moving their family and children to the new country where they feel there is less of a nanny state and you are free to raise you children in a more open and nature environment.

More than 50% are also choosing older properties which they can renovate themselves and thus save some further costs, although it should be noted that often renovation costs can exceed the actual cost of new construction. Bulgarian property agents expect that this rush to purchase rural properties will drive up prices in these areas by a further 20% in the next 2 years. Their advise to buyers is to always check the property before you sign any contracts and always us a regulated broker.

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Investors are keen to buy Bulgarian properties

Recently the Bulgarian property market has been one of the strong favourites amongst emerging market investors. The country has a myriad of different property offer but 3 main areas and strongly promoted to British buyers.

Firstly there is the capital city Sofia where ancient buildings sit alongside the more somber construction of the communist era. Sofia has a history that dates back over 3000 years but the latest Bulgaria property investor are more interest in the future years and what that will bring for investor in Sofia property. Average Bulgarian properties in the capital city are offered for prices around 950 euros per m2. One and two bedroom apartments in Sofia can be purchased for 40,000-60,000 euros. Read more…

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Bulgaria Property prices edge up

Strong price growth appears to be continuing in Bulgaria property with the average Bulgarian apartment value rising by 1.6 per cent between April and June. The average price for a square metre of Bulgaria property has now reached 819.3 leva (£285), up from 806.1 leva (£280) in the first quarter, although the price increases have been anything but uniform.

Some of Bulgaria’s busiest areas, it seems, are experiencing the strongest house price growth, which would appear to be a reflection of Bulgaria’s progress as it approaches EU accession. Cities and town centres have gradually been developed to meet the demands of industry and tourism and Bulgaria property investors are now reaping the benefits. Read more…

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