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.
Bulgarian Property & Real Estate News
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…
Holiday home real estate in Bulgaria continues to develop
On August 24, an international real estate company published the first market overview of the holiday home real estate in Bulgaria. The report documents significant developments in recent years in both mountain and coastal resort areas. The market for Bulgaria real estate experienced significant development in the past year in these areas.
Demand for holiday homes in the country has taken off in recent years. The upcoming EU accession, the growth of the tourism industry, and the comparatively low prices of real estate in Bulgaria are among the main factors driving demand. Read more…