RobynCorral213

Bulgaria has attracted plenty of interest over the last 2 yrs, as foreign buyers and buyers go to its growing property market. In 2004, visitors used over Euro 500 million in house, compared to Euro 98 million in 2003. Often listed in the top 20 places to buy a property, Bulgaria is currently firmly on the property investment map.

With EU entry forecast for 2007 people are keen to buy in to the Bulgarian industry to experience the inevitable rewards of capital appreciation and set up a rental income in a place that's demonstrated increasing vacation over the last few years. In the initial a few months of 2005 alone, over 2.7 million tourists visited Bulgaria; with a 42% upsurge in the amount of British tourists. By 2020 the Planet Trade Organisation has predicted that the number of international tourists visiting the united states increases to 10 million.

Typically the most popular areas for foreign property buyers could be broadly categorised in to 3 sectors: the Black Sea Coast, Sofia and the mountain ski-resorts. Other buyers are attracted by the old houses inland that can start from as low as 1,700 and the charm of beautiful cities and towns like Veliko Turnovo, Arbanassi and Tryavna in central Bulgaria.

Experiencing over 300 days of sun annually, offering a shoreline that extends over magnificent mountains, 380km, eco-tourism and a few of the least expensive house in Europe, there is no wonder that Bulgaria is getting such attention. Property prices in a few areas have doubled in the room of the past 2 yrs alone although new flats on the shore are still available from less than 20,000.

Despite new bad press about builders and estate agents in Bulgaria over-estimating rental returns and fueling capital growth rates, Bulgarian residence remains under-valued and is a good investment. official link