Bulgaria Property Investment Draws Significant Returns

Sport Source, 5th February 2007

Sitting at the crossroads between Europe and Asia, Bulgaria is increasingly attractive for investors and tourists alike. With a population of 7.5 million, eastern Bulgaria faces the Black Sea and is bordered by Greece and Turkey to the south, Macedonia and Serbia and Montenegro to the west, and Romania to the north. Known for its exquisite ski resorts in Bansko, Borovets, and Pamporovo, Bulgaria also offers sunny beaches on the shores of the Black Sea. The climate and economic conditions of the country make Bulgaria property investment attractive to Europeans and others from around the globe.

Because Bulgaria isn’t yet a member of the European Union - although it is determined to become a member in 2007 - it doesn’t have the steep tax structure and production costs that make second homes cost prohibitive in EU countries. In addition, the Bulgarian government recognizes that tourism is an important component of its growing economy, and so offers a variety of financial incentives in order to attract investors to property in Bulgaria.

As an opportunity to invest in property, Bulgaria is unsurpassed. Although property values have risen over the past two years, they are not yet close to levels in the rest of Europe. Regarding hot property for sale, Bulgaria offers everything from new housing developments in five star beach and ski resort areas to new apartments in Bulgarian cities.

Bulgaria development property is truly the fastest growing real estate market in Europe, particularly in the ski resort areas of Bansko, Borovets, and Pamporovo, which offer everything from world class skiing and snowboarding to cross country skiing, giant slalom, and biathlon courses. Borovets even offers helicopter transportation to its most challenging ski runs.

But Bulgaria offers more than beautiful mountains and an inviting shoreline. Tourists marvel at the architecture of Bulgarian monasteries and celebrate along with the locals at the annual Festival of Roses that is held in late spring. They feast on mouthwatering Bulgarian cheeses and traditional stews and sausages. And they embrace the rich culture of Bulgaria when visiting museums and galleries in cities from Sofia to Varna or attending festivals and contests featuring folkloric music and dancing.

Bulgaria property investment is both financially and culturally rewarding. Whether using property in Bulgaria as a second home or as a vacation rental, there’s never been a better time to buy property in Bulgaria.



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