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Bulgaria is a country with some of the most spectacular mountains, beaches, lakes & countryside that you are ever likely to see. The people in Bulgaria are very friendly & welcoming making Bulgaria possibly Europe's best keep secret. Property in Bulgaria is currently the country's fastest growing asset and currently offers excellent value for money. During the past 12 months property prices on average rose approx 25% with some properties experiencing 100%+ gains in quickly developing areas.
The improved economic conditions, political and social stability in Bulgaria over the last few years has brought a real boom to Bulgarian property prices. Another important factor for the rising property market is the huge tourism potential in Bulgaria. Bulgaria offers great natural attractions - high mountains, beautiful and clean Black Sea coast, preserved rural areas, minimum urbanisation, thousands years of history, etc. Nowadays Bulgaria is considered as the fastest growing tourism market in Europe. This is something that foreign buyers of property in Bulgaria appreciate the most. Together with the constantly rising prices, we believe that buying property in Bulgaria is one of the best investments that one can make in the coming years.
The country has been included in the brochures of the main UK tour operators for several years, and its cheap beach and ski holidays have made it the third most popular destination after Spain and France for British holidaymakers. Property investors and those looking for a second home for themselves are following hot on their heels, buying a range of property from new beach and ski developments to dilapidated farmhouses.
The attractions are obvious. The summers are long, hot and dry and the beaches on the Black Sea have glorious white sand Bulgaria has join the EU in 2007 & is predicted to see steady & fairly large increases in property prices over the coming years. Affordable Bulgaria - Bulgaria has some of the lowest property prices in Europe
- Black sea airports are about 3hrs from Britain
- All major British tour operators will be on the Black Sea coast
- The Black Sea coast boasts 220km of sandy beaches and enjoys more than 1700 hours of sunshine from May to October
- The countrys diverse climate means it has both ski and beach resorts
- Its currency is stable and linked to the Euro
- The summer season runs from 15 May to 15 October
- A two-bedroom apartment in Sunny Beach can be rented for £60 per night in high season
- The Bulgarian government levies a 15 per cent 'withholding' tax on any income or capital gains made on a property owned by a foreigner
- As Bulgaria is subject to the double taxation treaty, this 15 per cent can be offset against the tax you would otherwise have to pay on bringing any income or gains into the United Kingdom
- New properties have a 10-year guarantee
- Bulgarians learn English at school, and many Bulgarian builders have worked in the UK.
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