Bulgaria-the investment opportunity, with prices for everyone
The secret is well and truly out for Bulgaria. With the cheapest
property prices in Europe, and a ridiculously low cost of
living, people are buying Bulgarian properties in their droves.
Traditionally, property investing has been for the well-heeled,
and the well-connected. Exotic foreign climes, slick city centre
apartments and bustling holiday hideaways have offered huge
returns to the canny and knowledgeable investor. Bulgaria has
certainly bucked the trend, with property prices are for all of
the above that are well within the reach of the average
investor.
Seduced by the fantastic climate, a laid-back lifestyle and fast
appreciating prices, returning holidaymakers have fuelled the
price of property, in more traditional European resorts, for
years. Unfortunately, the growth in prices has been so dramatic,
as to push prices in favourites such as Spain and Portugal, to
record highs that are way out of the reach of the average
purchaser.
Bulgaria is a refreshing change. Likened to Spain, some 15 years
ago, this Balkan jewel offers a variety of properties that will
fit in see even the smallest budget. It boasts fantastic
coastlines, the longest ski season in Europe, dynamic and
vibrant cities and truly breathtaking countryside. Even better,
the prices are 60 to 80% cheaper than any of its more
fashionable equivalents.
For those with a tiny budget, there are country cottages, with
acres of land studded with fruit trees for less than
£10,000. Slick city centre apartments can be acquired,
with fantastic all year round rental potential, for less than
£20,000. The Black Sea has temperatures higher than that
of the Mediterranean on the Spanish coast during the summer
months. There, studio apartments with fantastic sea views, can
be bought for less than £30,000. The mountains offer miles
and miles of unspoilt, tree-lined ski runs. Even with guaranteed
rental of 15%, studio apartments can be found in the popular
resort of Pamporovo for less than £25,000.
Prices have risen steadily by 20 to 30% over the last several
years. They will be catapulted even higher early in 2007 with
full entry into the EU. To maximise their return, and to obtain
the very best prices, the smart investors are putting their
money into Bulgaria now. This country is set to be the European
investment hotspot for the next several years, offering
fantastic returns from the small-time investor and corporate
purchaser alike.
www.investmentpropert
ybg.com have a huge portfolio to trouble all the investment
opportunities currently available in Bulgaria. They currently
have a full range of absurdly cheap investment properties in the
countryside, with prices from under £10,000. Also on offer
are ski apartments with guaranteed rental, the only coastal
villas with full disabled access and even a ten- bedroom
countryside mansion, with pool for just £70,000.