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About Bulgaria
Many
UK and other foreigners have bought property in Bulgaria,
having realized how much the country offers. It’s not just the artificially
low prices, but the beauty of the place and welcoming attitudes often shown
by the locals. Where you buy property in Bulgaria is a personal choice, of
course, but the two most popular area outside the capital are the coast and
the ski mountain area. Blackseavillas.net and its subsidiary, skipropertybg.com offer Bulgarian
property for sale in these two key areas.
Word has been getting out on this great little country, with many favorable reports appearing in the press and on TV. There’s a couple of examples below. Visitor numbers have shot up, with the biggest increase of any European destination. New flights are starting. The country is on a roll, heading for EU entry on 1st January, 2007. Buy Bulgarian property now, before prices rise to European norms.
 |
11 JAN 2004: Sunday
Telegraph reports Bulgaria as top holiday choice Read Full Article |
A Great Place to Holiday and Live
Although quite a small country, Bulgaria has a whole range of attractions within its borders. Mountain ranges with skiing in winter and nature walks in summer, to the 220 miles of beach fringed coastline, known as the "Black Sea Riviera".
Low Cost of Living
The high taxes and production costs in EU counties can make holidays and second homes there an expensive experience. Bulgaria by contrast is low cost, remarkably so. The local currency, the Lev, is pegged to the Euro and does not reflect its true intrinsic value. In other words, it's not as highly valued as it should. This helps Bulgarian exports and foreigners who wish to invest. The country seems determined to join the EU in 2007, so this window of opportunity is limited.
As for the housing market, a lot of property can be bought for not much money. Over the past year prices have risen sharply, particularly in the main coastal areas, but there is still a long way to go to reach "European levels". Of course, many will equate low prices with high risk. It's normal to have anxiety about the unknown or unusual. The reality, however, should reassure. Bulgarians have always valued private property, as shown by their very high levels (equal to UK) of home ownership, even during Communist times. Their experience of those difficult years now motivates them to modernise and reach out to opportunity. It's a generally friendly country, with a long history of dealing with conflict that makes them tolerant and easy going. Tourism is recognised by the government as a key industry for them and foreign investment is welcomed.
The Black Sea Coast
Bulgaria's coastline is one of the last warm European coastlines yet to be developed. Only about 3 1/2 hours flying time from UK, it is an alternative to the Mediterranean. It is attracting the lion's share of property investment, from hotel building to the purchase of private villas and apartments. The prime area around the coastal city of Varna is where blackseavillas.net specialise.
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