Investment Property in Bulgaria

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Investment Property in Bulgaria

Property Bulgaria – Investment Guide

Today’s buyers of Bulgarian property enjoy the outstanding opportunity to buy real estate within one of the world’s fastest growing property locations, still for a fraction of the cost of most other European destinations. 

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WHY INVEST IN BULGARIA?

Rocketing Tourism

• Visitor numbers are currently increasing by 22% per annum and property prices have gone up by as much as 50% over the past three years.  Bulgarian holiday homes are a viable option for investors looking for a promising buy-to-let market in which to enjoy highly profitable, safe returns on their investment. 
• Shrewd investors are taking advantage of the current low prices, while sitting back and watching the value of their properties increase at an astonishing pace. 
• It’s important to select your location wisely and be aware that coastal resorts will predominantly enjoy only a summer season of rentals.  In contrast, Sofia city has a higher cost of living and a shortage of accommodation along with a year-round tourist appeal.  
• A strong and increasing demand for residential property from home owners, tourists, residents and business people means that investors who have bought into the buy-to-let market in Sofia are receiving solid rental yields of around 8% per annum, in addition to the high ongoing capital appreciation that is being experienced in the city.
• Since its entry into the EU on 1st January 2007, foreign interest in Bulgaria remains stronger than ever and, in line with modern tourism trends, several luxury golf resorts with multiple on-site facilities are under construction in some of Bulgaria’s most stunning locations.

Ever Increasing Transport Infrastructure

• Extensive World Bank funding is facilitating vast improvements to Bulgaria’s infrastructure and tourism industry, transforming Bulgaria from its former Communist days. 
• Today Bulgaria’s infrastructure, including road and air transport links are constantly under improvement and now meet EU standards. 
• Budget airlines have greatly increased and extended their services to many key locations in Bulgaria, enticing unprecedented numbers of visitors and investors alike, all seeking to take advantage of Bulgaria’s stunning attractions and low cost of living.

Excellent Off-plan Opportunities

• By far the most popular and lucrative option today is buying off-plan and growth figures of 30% are still perfectly achievable.  Investors recognise the financial sense of buying while prices are at their lowest and cashing in prior to or upon project completion.

Record Growth Figures

• GDP growth in Bulgaria between 1998 & 2004 was between 4 and 5%. These figures continue to grow and 2005/2006 predicted figures suggest growth at 6%.  This will certainly be the highest growth anywhere in Eastern Europe and significantly greater than, for example, Hungary, Poland and the Czech Republic, who are also undergoing economic reforms. 
• The World Bank predicts economic growth in Bulgaria to continue steadily this year by some 5.5%.

Endorsement by the World Bank

• After ongoing efforts, the World Bank director for Bulgaria & Romania has now confidently claimed Bulgaria as “a good place for investment”, highlighting the fact that in just three years, the country has risen from being the lowest rated country in this Eastern region, to being the highest but one.