Buying
Properties in Bulgaria
Bulgaria
in situated in southeastern Europe and located in the east-central portion
of the Balkan Peninsula, bordering the Black Sea.
The country
is almost rectangular in shape and has a land area of 42,823 square miles
and serves as a natural crossroad between Europe and Asia.
Bulgaria
is regarded as the third most popular destination in the world for property
investment and holiday homes, the first two being Spain and France. Let
us see what you gain when you decide and buy properties in Bulgaria:
At the outset,
when you consider the cost of living, it is so low in Bulgaria and comparable
to a status prevailing 30 years ago in the Mediterranean.
You can see
an exceptionally diverse landscape in Bulgaria and many broad sand beaches
that makes Bulgaria as one of the best ski resorts.
Bulgaria
also enjoys a sunny climate and has got hundreds of kilometers of Black
Sea coastline and started competing with other favourable and popular
recreational locations in the Alps.
Bulgaria
has become very popular because of this diversity and has turned out to
be an attractive choice for investing general public and companies.
In recent
times, the real estate market has grown to an enormous proportion and
gives enough investment potential for the prospective investors.
With the
intending unification of Bulgaria to the European Union by 2008 and many
tax reforms launched by the liberal government, Bulgaria is becoming a
hot spot for any property investments.
National
Statistical Institute or the NSI data published recently showed that the
Bulgarian housing prices in the third quarter of 2005 rose by 2.9 per
cent compared to the previous quarter of 2005.
Foreign investors
are able to get a good return from Bulgarian properties and they also
continue to invest in properties.
The influx
of foreign capital has also contributed to Bulgarian real estate boom.
Besides the favourable foreign investment, factors such as low interest
rates, availability of funds also contributed to the boom.
With an increase
in investment in properties, Bulgaria has seen the highest rise in its
real estate prices with a staggering jump of 48 percent.
Many small
time investors and big investors opine that Bulgaria is yet to witness
the peak growth and are hopeful of seeing the quantum jump in near future.
With availability
of more undiscovered places of beauty in Bulgaria, you can see the real
peak of the real estate boom in a short period of time.
The only
impediment for any foreign investment in Bulgarian property was also amended
in favour of the investor in July 2000. And this has made investment in
Bulgarian properties more lucrative and remunerative.
Bulgaria
is a very good place for living as well as for investing. In the event
of its unification with the European union, Bulgaria will become not just
a good place to live in but a very safe place to invest also.
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