Bulgaria
A picturesque small country, Bulgaria has existed for more than 13 centuries in Europe, linking East and West. Situated in Southeastern Europe, Bulgaria occupies the northeastern part of the Balkan Peninsula.
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Why should you invest in Bulgaria?
Firstly for capital appreciation, we have seen gains for our clients of 30-40% over the last nine months. Current average cost per square metre of 800-1100 euros for the key developments in Sunny Beach, Bansko and Sofia should continue the trend over the next twelve to twenty-four months.
Where should you invest?
This depends on whether you are looking for a holiday home with a good guaranteed rental income, in which case the holiday resort of Sunny Beach is the answer. To buy off plan for investment then add the ski resort of Bansko and/or Sofia to your portfolio. Bansko is a lovely old town that attracts tourists all year round from all over Europe it is only two hours from Sofia and has a great jazz festival every August!
Why should you buy now?
With Bulgaria’s entry to the EU in 2007, there will no doubt be a rise in property prices during 2007-2010. Buying off plan now for property due for completion in the future represents a sound investment.
However as a foreign investor you should be aware that whilst an individual can buy an apartment freehold, he or she cannot own land, so if you buy a villa you will own the building but will need to set up a company to buy the land on which it stands. We will introduce you to a lawyer who will arrange this for you.
What are current property prices?
Extremely favourable compared to the rest of Europe.
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