Bulgaria - Property Investment
Bulgaria is recovering quickly from its years of negligence under Soviet rule where its infastructure and under-investment left the country in a state of neglect. Suddenly it finds itself a major player in the property investment market, with prices rising up to 100% in the most popular locations in preparation for Bulgaria's entry into the EU, when property prices will almost certainly start to rise swiftly.
Buying property in Bulgaria is an excellent choice for investors as it now has one of the fastest growing economies in Europe and is developing technological and infrastructure facilities, which have recently been funded by the EU. It is also the fastest growing ski destination in Europe and is still being marketed as one of the top three hottest new property investment areas in Europe, providing a low cost housing market popular with Brits, Europeans and Americans.
Any of Bulgaria's ski or beach resorts are only 3 hours away from the UK, and popularity with both tourists and property investors has increased rapidly in the last few years with bargain hunters flocking to snap up property while it’s still cheap.
There are many Bulgarian property investment hot spots which are divided into two main groups - The Black Sea coastal towns such as historical city of Varna or the two main resorts - Sunny Beach and Golden Sands - and Skiing property in mountain towns such as Bansko, Borovets and the less developed Pamporovo. For golfers, Balchik village provides an exclusive golf resort offering luxury accommodation set in breathtaking surroundings. Wherever you go at present, the Bulgarian property market is a ‘real estate hotspot’ worth taking advantage of, with the promise of sound returns in the future
New developments / off plan property Bulgaria >>
With Bulgaria trying to win the bid for the winter Olympics in 2014, development will increase dramatically in many of the ski resorts - again improving the changes of considerable price increases of property in these areas.
City property in the capital Sofia, which has its own ski resort is also on the cards to become a hot property investment area. With some of the world's largest IT companies moving in, both property prices and rental potential look good for the future.
The sheer oversupply of off plan property in Bulgaria at present serves to keep prices low for the near future. However, as development progresses and all the new builds near completion, this is set to change and huge profits are likely to be made by early property investors.
The weather in Bulgaria varies – there are four seasons, with cold winters and hot summers so the country attracts year round tourism. However, for those looking for a year round holiday home, the summer season is fairly short so fleeing Britain for a little winter sunshine on Sunny Beach or Golden Sands is not an option.
Coastal property in Bulgaria is unlikely to attract off season bookings for those looking for a rental return, whereas the ski resorts can offer year round rentals. For those investors who would be looking for a rental return, it is wise to remember than supply is likely to outstrip demand if building continues at its present rate along the coastal resorts. Oversupply keeps rental prices down.
Bulgaria developments off plan property >>
Property for sale in some of the top resorts –
Bungalows, Villas and apartments in Varna
Apartments in Kranevo (Albena and Golden Sands Resorts)
Golf property in Balchik (golf village)
Or Ski property in Borovets
Whatever your preference, we guarantee that we can show you the widest range of quality, vetted properties available in Bulgaria.
