Buying Property in Bulgaria for Profit
The main reasons for investing in property in Bulgaria are the climate, scenery, and cost of living with the added attraction of a healthy profit for the long term investor. An example of this is that you can buy a property in rural Bulgaria for 5,000 to 20,000 Euros (approx £3,400-£13,700 or $6,600-$26,600) and an apartment near a coastal resort for 20,000 to 40,000 Euros.
Beach resorts are still the most popular, but are closely followed by mountain areas which offer the winter skiing option.
Investment Potential of Bulgarian Property
Bulgaria will invest 5.5 Billion Euros in infrastructure projects by the end of 2009.Residential property prices rose between 10-15% in Jan-Feb 2007 a rate previously expected over the whole year.
Bulgaria is one of the leading destinations for the property investment market of the UK as they offer the best potential returns in the longer term.
Popular Regions of Bulgaria
One of the most popular regions for UK buyers in Bulgaria is the Veliko Tarnovo and regions nearby, also the coastal regions are very popular. Low prices can still be found in the regions of Vidin, Lom and Ruse but interest is growing and soon so will the prices. Bulgaria Breaks New Record for Property Sales in 2006
Switch Homes Bulgaria
Fill out the property request form on their site to be emailed details of properties as they become available.
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rose08 wrote...
very nice lens. guys should be very careful on real estate investing now. It's not an easy time for many people now. however, great profit may raise against the great risk. Opportunities alwasy come to those who are ready and dare to take action. hope everthing turn better in next year.
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Buying a Property in Bulgaria: How to Buy an Investment Property, Retirement Home or Holiday Retreat
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