Buying Investment Property in Bulgaria

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Investment Property Bulgaria - Investors' Guide

Bulgarian investment Property on the Black Sea, Sofia, Bansko, Plovdic, Vaenas, Burgas, Rousse, Vratsa, Shumen, Veliko Turnovo, Sliven, Smolyan, Belogradchik, Kurdzhali, Velingrad, Gabrovo, Kazanluk, Asenovgrad, Melnik, Nesebar, Sozopol, Semkovo, Yambol, Pamporovo and many other investment property hot spots in Bulgaria.

Why Invest in Bulgarian Property?

Rocketing Tourism

The Bulgarian tourist sector is currently growing at around 20% per year and many analysts agree that these numbers could easily double in the forth coming years and become one of Europe's leading holiday destinations.

Emerging Property Market

The Bulgarian property market is still in its infancy when compared to Spain, France or Florida, but this working to its advantage. Investors in Bulgarian property have already seen a sharp increase in property prices back in 2007 when Bulgaria became a member of the European Union. But it continues to offer Bulgarian property investors great value for money with a very positive future waiting to happen.

Buy to Let

Buy to let homes in Bulgaria represent a lucrative way to diversify your real estate portfolio. Apart from the tourist market, there is a growing residential tourism market in Bulgaria which will assist you in gaining high occupancy rates whether your property is on the coast or in Sofia city center. Shrewd investors have been taking advantage of low prices in Bulgaria for the last few years and they continue to do so on the back of the aforementioned growing tourist numbers and the very positive equity gains that are being attained.

Location Location Location

One of the most key points when investing in Bulgaria is to know your market and the end user. If you are considering a property for holiday rental then you will need to be either in a coastal/beach resort on the Black Sea or in one of the popular ski resorts in the mountains. If your idea of a good rental property is year round rental income then perhaps properties in Sofia will be far more suitable as there is a shortage of quality rental property for corporate rental clients and also a year round tourist appeal.

Growing Demand in Residential Property

The increasing demand for residential properties in Sofia from home owners, tourists and business executives has been a proven rental investment option with solid yields in the region of 8% per annum, to which you can add lucrative equity appreciation

Since 2007 and Bulgaria's entry into the European Union, foreign interest and investment has become stronger than ever. With modern trends for high end tourism creating a growing demand for luxury golf resorts and spa resorts which are being across the country in some of Bulgaria's most appealing and popular locations.

Ever Increasing Transport Infrastructure

Travel and tourist infrastructure in Bulgaria is rapidly improving thanks to massive investment from the World Bank. Visitors today will not recognise certain areas, if they have not visited since the Communist rule of Bulgaria was relinquished. Road links and rail connections as well as air transport links have been improved to a level that they now meet EU Standards for safety.

Low Budget Airlines

Budget airlines from western Europe have been greatly increased and in many cases extended their services to many popular locations in Bulgaria. These improvements have eased travel woes of the unprecedented number of tourists and business travellers who are now taking advantage of the low cost of living and the stunning locations in Bulgaria

Excellent Off-plan Opportunities

Buying off plan in Bulgaria is definitely the most lucrative and popular option for those investing in real estate. With returns of around 20% per annum achieved in recent years and forecasts of increasing capital appreciation in the near future. Astute investors recognise the viability of off plan investment in Bulgaria and are aware that buying at the lowet possible price is equally as crucial as selling upon completion of the project when returns are greatest.

Record Growth Figures

Between 1998 and 2006 Bulgaria saw GDP growth from 4 to 6% one of the highest growth rates anywhere in Europe and far greater than other emerging markets such as Hungary, Poland and the Czech Republic. The World Bank has predicted a steady 5.5% economic growth in Bulagria.

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.