About Bulgaria
Bulgaria is a beautiful and historical country. A former Soviet state, Bulgaria suffered decades of neglect under Communist rule, and as such, has spent the last decade and a half attempting to catch up to the standards of living enjoyed throughout western Europe. With huge investment in infrastructure, this is something that Bulgaria has rapidly approached, while property prices and the cost of living have remained low.
Many Eastern European countries are becoming hotspots for property investment, owing to low prices and economic development since the fall of the Soviet Union. However, political and economic instability in some nations make Eastern Europe a potentially risky region. In Bulgaria, political stability and economic growth are such that entry into the E.U. looks set to happen next year and, as such, the country is being widely seen as one of the safest markets for property investment in the region.
Areas particularly catching developers’ and investors’ eyes tend to be either along the sandy Black Sea Coast, in cities such as Varna, or in the fast-developing skiing regions, such as Bansko, in the South West of the country. Tourists looking for either sun-drenched beaches or snow-capped ski resorts are finding Bulgaria to be an exceptional destination: the investment in infrastructure and tourism has paved the way for some excellent developments in a country where a three-course meal for two costs significantly less than £10.
Despite all this, rising property prices still have a long way to go, with some apartments still costing as little as £5000. Many investors have seen their properties double in value since 2003, and price growth is continuing at similar levels, with a likely boom on Bulgaria’s entry into the E.U.
Off Plan Property World can offer you the chance to benefit from this growth, as well as gaining property in a beautiful region with a very bright future. |
