why buy property in Bulgaria?
10 sound reasons why to invest in Bulgaria...
introduction | why buy in Bulgaria | how much does it cost? | what is the process
1. Brilliant investment opportunity
"Bulgaria? It's the new Costa Del Sol", Daily Mail, April 4th 2004. Properties have risen in excess of 30% during the last year. Properties are still cheap and investment potential remains stronger than ever. (National average property price increase in 2004 - 35%. As recently stated in the World Property Price Index, Bulgaria was ranked Number 1 with a price growth of 31% (Source FIABCI Research Worldwide), above other countries such as South Africa and Spain.
2. Lower Cost of Living
Considerably cheaper everyday cost of living compared to Spain, Greece or Portugal, or similar countries. In fact, it offers one of cheapest cost of living in Europe. E.g. A top 3 course meal with wine for no more than £5.00 per head, and beer at 40 pence a pint.
3. Political & Economic Stability
Political and economic reforms are in progress in a favourable political climate with a stable currency linked to the Euro (lev; BGN). Bulgaria recently became a member of NATO; a guarantee for its safe future.
4. Joining EU in 2007
Bulgaria is joining the EU on 1 January 2007. Excellent news to those who have or are seeking to invest in Bulgarian property, as the economy should see a substantial boost as more and more money begins to pour into the country. As past history suggests, many analysts anticipate that property prices will rapidly increase over the next few years as it has done in other member countries post-accession.
5. Healthy Climate
More than 300 sunny days per year. That's over 1700 hours of sunshine from May to October. Average yearly temperature 10.5°C. Average temperature from April through September 23°C.
6. Life-Giving Waters
Bulgaria’s 550 mineral springs cure bronchial asthma and various conditions of the respiratory tract, urological and liver problems, cardiac and vascular diseases, disturbances of the nervous and the reproductive systems, etc.
7. Geographic Diversity
The warm Black Sea coastline stretches 220kms boasting beautiful sunny beaches, whilst cool alpine mountains provide a haven for skiing enthusiasts – just several hours’ drive from each other.
8. Friendly Atmosphere
Bulgarians are very warm people and are renowned for their hospitality to foreign visitors.
9. Easy Access
Just over three hours away from most British airports and tour operators. 3 hours flight from the UK to Sofia.
10. Excellent Food
Delicious blend of Mediterranean and Oriental style cuisine
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