Bulgaria

A picturesque small country called Bulgaria has existed for more than 13 centuries in Europe, linking East and West. This is truly a microcosm of varying climates and scenery. From Mountains to plains and sandy beaches, vineyards to bustling cities, Bulgaria has it all.

Property and Investment

• Location within location
• Angles of Investment
• Sea, Ski, Market & Culture

The growth in Bulgarian Property is set to increase now that the country has officially joined the EU. Prices are increasing, but the astute investor now has the advantage of making firm purchases based on guaranteed data.

What do the next five years hold for this country?

As with all new and developing locations, the wise purchaser will look for angles of investment, to look not only at what is happening now, but to see how what is already there will affect future growth.

Infrastructure

As the budget airlines start to vie for airport space and Bulgarian tourism continues to develop, the market will expand,

• New international airport concessions are about to be given to facilities that have up until now been used for Military or cargo. This will create low cost direct flights to areas that have up until now involved lengthy travel. This in turn will open such areas to more people and so property values will rise.
• Large road and rail projects are planned. Once the infrastructure goes in, prices will rise in the surrounding areas at a fast pace.
• International companies are opening offices and manufacturing plants. This will lead to more wealth and increased prices

Sea, Ski, Market & Culture

Sea

Prices on the Black Sea coast have risen year on year and at one point it seemed that the coast was going to turn into another overdeveloped tourist area. Luckily the government has started to address this problem and for the investor looking for a medium return investment, now is the time to buy if you are looking for a property with sea views.

The main thought for the investor looking to resell a property is that in a popular area, you will be competing with newer developments. This is why not just location, but location within location is so important. To spend that little bit more to guarantee the right situation of the investment will bring dividends in the future.

Ski

Bulgaria has become a popular location for the skier on a budget. Again, in some areas, building has surpassed infrastructure.

The Main ski locations are Bansko, Borovet and Pamporovo. These are not the only ski locations but they are the ones that are generating the most interest.

Bansko is a prime example; people have fallen over each other in the rush to purchase property near the ski lifts.

The wise investor would have looked at the situation and realized that with such a flurry of building and growth, the area would require new ski lifts. If new lifts are to be built, the area around those new lifts would be the perfect place to invest. New lifts and developments bring other facilities for example golf courses that in turn increases your rental return, you then have year round clients to hire your property.

Market

When money starts flooding into a country such as with European funding, various locations will develop as centres of commerce. The obvious choice is a capital such as Sofia which has seen and will continue to see large rises in property prices. But Sofia is not the only centre commerce and the wise investor will be keen to sport the other locations. Towns and cities such as Plovdiv, Veliko Turnovo and Ruse are already seeing large comercial growth. So what are the factors to look out for?

• Is there a reason for a location to develop?
• Is there a sufficient pool of employees
• Are there good communication and transport links

Once the companies start to move in, new employees will follow, the first and obvious question is where are all the new workers, both local and foreign, going to live.

Culture

When we talk about culture, we are referring to what makes a country individual, we are covering historical towns and cities, areas that are steeped in tradition, both urban and rural.

When we talk of cultural heritage in Bulgaria, the first place that ticks all the boxes is old capital, Veliko Turnovo.

Tourists flock to this old city in droves. Americans, Italians, Japanese and countless other nationalities can be found walking its streets. The surrounding areas abound with monasteries, villages and stunning scenery. The old towns of Elena and Tryavna are nearby with their traditional houses and winding streets. To the investor, the choices are between:

• New-build villas and apartments,
• Traditional houses for renovation
• Land.

As with any investment, the more knowledge that you have at your fingertips, the more chance there is that your investment will reap dividends.

When you look to invest your money, we will not only inform you about the particular development, house or land that you are interested in; we will show you why that particular investment is worthwhile.

As an individual you need up-to date on the ground information.

Our goal is for each and every person who invests in this country to be secure in the knowledge that they have made the most informed and suitable purchase for their needs and aspirations.