Property Bulgaria

Top reasons to buy Property in Bulgaria :
- January 1st 2007 saw Bulgaria’s accession to the EU.
- The local currency (LEV) is already pegged to the Euro.
- Bulgaria is already a full member of NATO.
- UK tourist numbers visiting Bulgaria increased by 60% in 2005
- EU tourist numbers have risen by 90% in the last four years.
- After five years of ownership, capital gains is reduced to 0%.
- Corporation tax has been recently reduced to 15%.
- Bulgaria has steady average capital growth of over 20% p/a
- Cost of living in Bulgaria is 30% lower than that of the UK.

  Bulgaria Country Info:

  
REGISTER FOR YOUR FREE BULGARIA
BUYERS GUIDE

  Population: 7,322,858
  Capital: Sofia
  Languages: Bulgarian
  Area (km2): 110,912
  Currency: Bulgarian LEV
  Dialling code: +359

CLIMATE IN BULGARIA:
Bulgaria has a temperate climate with four distinct seasons. On the Black Sea coast, average summer temperatures range from 23°C to 30°C with sea temperatures averaging 17ºC to 25ºC, the summer season lasts from May through to September. The winter season lasts from November through to April and is cold with regular snowfall.

GETTING TO BULGARIA:
Sofia: Flight time is approximately 3hours from the UK to Sofia airport, which is currently undergoing an expansion plan. Due for completion in 2010 this expansion will allow the airport to handle up to 5 million visitors a year. Transfer time to Bansko is approximately 2 hours.Black Sea coast: Varna and Bourgas serve the Black Sea resorts with flights available across the UK throughout the year to Varna and during the summer months to Bourgas.

BULGARIA PROPERTY MARKET OVERVIEW:
Property in Bulgaria is being purchased by shrewd investors, keen to take advantage of the current low prices, while they sit back and watch the value of their properties increase at a steady and rapid pace.

This great investment opportunity is a result of extensive WorldBank funding, allowing improvements to Bulgaria’s infrastructure and tourism industryand transforming it from its former Communist days. Bulgarian holiday homes have now become a truly viable option for investors looking for a promising "Buy to Let” market while they enjoy safe and very profitable returns on their investment.

The World Bank predicts economic growth in Bulgaria to continue this year by some 6%. What is more, Bulgaria is now serviced by low cost airlines making it all the more accessible to visitors. Meanwhile, the country continues to make major improvements to accommodate a booming economic growth-all good news to foreign investors.

For a potential property investor, Bulgarian property currently offers the perfect opportunity to invest into an emerging property market very early when property prices are at an all-time low. Bulgaria is an area of stunning beauty with many natural charms and a warm climate.

BANSKO - BULGARIA:
In the past ten years Bansko has turned from a quiet mountain town into the newest and fastest developing Bulgarian ski resort, strongly competitive to some of the best European ski destinations. The Ulen Company, which is licensed to run the Bansko area, invested more than €40 million into developing a brand new modern skiing area. Unlike the other two major ski resorts in Bulgaria –Borovets and Pamporovo, which were purpose built as such, Bansko is an 11 century old historic town with a population of 10,000. Originally founded as an old Thracian settlement, it grew into a prosperous commercial town by the 18th century. Being in the south, Bansko is a sunny and warm ski resort, offering modern facilities, the longest season (Dec –Apr) and the best snow coverage.

OBZOR - BULGARIA:
Surrounded by the Black Sea coast, Obzor was founded in the 4th century BC and named "Heliopolis" (The City of the Sun). The small town offers a wonderful combination of sea and mountains, and is an ideal destination for your holidays. On the beach, that stretches for several kilometres, visitors can rent sun loungers, parasols, boats, skis and surfboards. And with its range of additional restaurants, bars and shops, Obzor offers the perfect setting for an unforgettable holiday. Obzor is the pearl of Bulgaria, the exclusive part of the coast, between Varna and Bourgas, where traditionally high class people go holidays. It is only 30 minutes from the major Black Sea Airport at Varna or Bourgas, and a well established holiday resort with stunning forest, mountains and sea views.

KAVARNA - BULGARIA:
Kavarna is one of the relatively bigger towns along the Black Sea coast. The town is situated 48km north of Varna and just 12km away from the picturesque Kaliakra cape. The coast to the north of the town is high and steep, shining with its limestone rocks against the sea while the south of the town boasts an excellent beach. In combination with its beautiful nature and interesting historical sights, the region around Kavarna is becoming an attractive tourist site for golf-lovers. This is due to the construction of two new golf courses which has already started. One of them is situated right between the town of Balchik and the town of Kavarna, on a plateau overlooking the sea. The second one will be situated, close to the sea 3 km along the coast from Kavarna.