Bulgaria's property market in 2008
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Bulgaria still has a low cost of living and when compared with the countries like Romania seems to be cheaper. It also has much better weather than Romania and Ukraine. Romania and Bulgaria have so far been the region's winners in attracting foreign investment. The perception is that being in the European Union implies political stability.
According to industry experts a number of high-end projects are being planned in the country, which is expected to attract a new wave of investment. The property rental market tends to be stronger in the ski regions than along the coast, mainly due to the longer skiing season. Rental incomes tend to run around 6% to 12%, with the higher rates being generated by mountain properties. The Bulgarian property market has been on an increase over the last few years. The prices are expected to continue to rise in 2008, although the increase will be less than the 30% increase in 2007. There is a good potential in the region, particularly with the commercial and industrial property. Since 2002, the annual growth of property values has been around 50%.
New investment opportunities are opened with the view of golf and spa tourism in Bulgaria (See the latest properties in golf and spa areas and sea and golf apartments.)
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