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Bulgaria property in the year 2004 became one of the leaders amongst investors looking to buy a holiday home or buy-to let property in emerging markets. Bulgarian property market has been compared to the Spanish property market in its infancy in terms of potential. Property in Bulgaria is by all means an up-and-coming market to invest.
So, what makes buying a property in Bulgaria so attractive for investors looking for buy to let and people searching for affordable place under the sun?
Affordability of high standard good quality Bulgarian apartments in the popular resorts makes the country such a hot spot for buying a property. However, do not expect bargains for £30,000 on high spec sea-front off plan apartment complexes - you do pay for what you get! The property in Bulgaria remains the cheapest in Europe.
Bulgarian property prices have risen by 20% on average in 2004 and similar in the previous year. Off-plan Bulgarian property in sea and ski resorts has seen the most growth due to the foreign investors.
Bulgaria property attracts a lot of buy-to let investors due to the increasing popularity of the resort amongst western European nations. This promises increasing returns on the property market, previously reliant on local and Eastern European tourism.
Second mortgage can be now arranged to buy a property in Bulgaria. Please contact us for details. Some of our properties offer extended payment terms that would not require a second mortgage in Bulgaria.
Bulgaria is expected to join European Union in 2007, which will bring funds to improve the infrastructure significantly. This is normally reflected on the property market prices. Direct flights from no frills airlines will start in the near future. As the outside competition enters Bulgarian market, there will be more direct flights to Bulgaria. Easy Jet and Ryan Air have been to look at the sites they will fly once the deregulation takes place.
Bulgaria remains the cheapest holiday destination in Europe. It attracts families with children, who never dreamt of going on holiday to Spain due to the expense. Imagine Spain 15 years ago? The prices are a fraction of that! A meal in a good pub with drinks would cost you well under £5!
Bulgaria has 380 kilometres of coastal sandy beaches as well as the Balkan and Rhadope mountains. The temperature varies from region to region. In summer sea resorts enjoy comfortable 30C-35C in the shade and cooler temperatures in winter - 8C-12C in the coastal parts.
Bulgarian property market needs to mature in order for people to get the high rental returns. Also British investors are beginning to understand that cheap bargain property will not give your extortionate returns and a more sensible level of investment in Bulgaria is now expected. Adding property in Bulgaria to your portfolio of investments will diversify the risks and can bring you higher returns than in more mature markets in a medium to long term.
Properties for sale in Bulgaria (apartments in Sunny Beach sea resort in particular) offer very promising medium to long term returns on investment.
If you are looking for a holiday apartment in Bulgarian resorts, look no further! We are UK based independent Bulgarian property consultants, who offer all rounded Services on buying a property in Bulgaria.
We only offer properties for sale in Bulgaria that can satisfy the most sophisticated property investor. We show only the best off-plan apartments in Sunny Beach.
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Sea Resort Apartments
