Bulgaria with the strongest property market

Bulgaria is a lot less expensive than other European destinations and it is fast becoming Europe's value destination of choice. The cost of living is substantially lower than the rest of Europe and the UK. It's much less expensive - not just to buy properties, but to enjoy your holiday. Bulgarian property investment has grown by €2.36bn on 2006 figures and looks set to continue this growth trend in 2008. Another reason for the attraction of buyers to Bulgaria, according to some observers, is its rising reputation as a boutique destination, attested to by newly opened designer shops retailing at reasonable prices.

With the opening of the borders Bulgaria will experience an even more significant influx of holiday travelers in the future. Thus, with a perspective of taking advantage of property investment in Bulgaria one can make profit from the increase in tourism that is anticipated in all holiday resorts. Many investors believe that the property market growth has to be attributed to a strong mortgage market, changes to the tax system made by the Bulgarian government and Bulgaria’s independence from the ongoing global financial crisis. In 2007 property has been the country’s main economic driver, recording a turnover of £11.36bn. Some of the biggest property investors are from Russia and the UK. The investors from the UK accounted for 40 % of all property investments in 2007.