Bulgaria

 

10 Good Reasons

  1. At the crossroads of different cultures and civilisations, Bulgaria offers a melting pot of experiences from exploring historic sites to lazing on the beach and even skiing in the mountains.
  2. Average temperatures in summer are an extremely pleasant 28°C, with around 250 sunny days a year.
  3. Bulgaria has the only golf courses on the entire Black sea coast. Two courses are being built by Gary Player, with a third scheduled to start development in 2006. Clearly, these will offer excellent all-year-round rental potential.
  4. Bulgaria has a low cost of living so your money goes further.
  5. Bulgaria has been voted number 4 tourist destination in the world by The Washington Post.
  6. There has been a 22% average annual growth in the number of tourists visiting Bulgaria between 2002 and 2004.
  7. In addition, Bulgaria has seen a 43% year-on-year increase in British tourists for 2003.
  8. Bulgaria has averaged 4.9% growth since 2000 and has begun to attract significant amounts of direct foreign investment.
  9. Bulgaria has a booming property sector with prices increasing 25% every year for the last four years.
  10. With Bulgaria having become a full member of the European Union in January 2007, this all means the country offers an outstanding investment opportunity. With more visitors from the EU coming to the country, the potential for letting your property if you wish, and earning a good rental income is greatly increased.

Overview

For more than 13 centuries, a charming, picturesque and multi-faceted country called Bulgaria has nestled in Europe where the east meets the west. At the crossroads of different cultures and civilisations, and occupied by many peoples during its turbulent history, Bulgaria today offers a melting pot of experiences for the visitor and resident.

Bulgaria boasts a fascinating ancient culture, endless golden beaches fringing the Black Sea, towering mountains with breathtaking gorges and caves, crystal clear lakes and wide valleys, healing spas and springs, monasteries and churches, hospitable towns and villages, welcoming people, tempting cuisine and wines, abundant flora and fauna and much more. If you’re looking for a wide range of activities, Bulgaria has them too: from walking, swimming, riding, sailing, diving and climbing to hunting, fishing and skiing on some of Europe’s best slopes.

Bulgaria also joined the European Union on 1 January 2007 which is clearly good news for any who owns a property there. With more visitors from the EU coming to the country, the potential for letting your property if you wish, and earning a good rental income is greatly increased.

Facts & Figures

Population: 7.8 million (UN, 2005)

Capital: Sofia

Area: 110,994 sq km

Coastline: 354km

Language: Bulgarian

Local Currency: Bulgarian Lev

Ethnic Groups: Bulgarian 83.9%, Turkish 9.4%, Roma 4.7%

Life Expectancy: 71.75 years

Major Religion: Christianity

Government Type: Parliamentary Democracy

Independence: 22 September 1908 from Ottoman Empire

Legal System: Civil and criminal law based on Roman law

GNI per capita: US $2,740

Main export: Chemicals and plastics, food and drink, tobacco and machine-building equipment

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Latest Property Developments in Bulgaria

Pirinea Hotel Spa and Residence

Ski Resorts, Bulgaria

Created by some of the most renowned and respected UK home builders, this superb development is positioned in a beautiful, elevated location at Banya, overlooking the town of Bansko and the Rila Mountain range.

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The Crown

Ski Resorts, Bulgaria

The Crown Bansko is situated in an excellent position in the highly sort after ‘Gramadeto’ tourist zone. The complex is within easy walking distance of the existing Gondola lift station and just 350 metres from the expected location of the newly planned second Gondola lift station recently approved by the municipality of Bansko.

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Orpheus Ski Apartment House

Ski Resorts, Bulgaria

Orpheus Ski Apartment House provides luxurious accommodation in 55 units on a prime location in Bansko, Bulgaria’s Premier Zone. This is regarded as the modern ‘new town’ just steps from the ancient village. The Bansko ski gondola and the new and expansive 5-star Kempinski Hotel are the anchors of the area, very close to where Orpheus is being constructed.

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