Investment opportunity

First of all, these are the affordable prices of the high standard good quality properties in Bulgaria. Even at the hot spots like the sea and mountain resorts the prices are one of the cheapest in Europe. Moreover there are a lot of off-plan developments which are preferred by the investors for their price. Bulgarian property prices have risen by 20% on average for 2004 and by 32% in 2005. The purchase of off-plan properties has become very popular for the foreign investors.

Bulgaria has become a popular destination for tourism during the last years, which attracts the buy-to let investors to the holiday properties in Bulgarian resorts. The statistics show a good return of investment for these bargains.

The improving bank services are also a factor that draws investments to the Bulgarian property market. Now mortgages with good interest rate can be arrange to buy a property in Bulgaria and some real estate agencies offer extended payment terms for their properties.

The EU membership of Bulgaria from 1 January 2007 has also a positive effect on the Bulgarian property market. First of all the accession means that the infrastructure will be significantly improved. This reflects also the increasing number of direct flights to Bulgaria and accessibility of Bulgaria’s cities.

Another factor contributing to the investors’ interest in Bulgaria is the low cost of living. The salaries in Bulgaria are much lower than in the EU countries. Also the cost of a holiday in Bulgaria is much cheaper than in any other EU country. Many families with children prefer to spend their vacation in Bulgaria than in Spain and to save more than 9/10 of the money for this.