Why Invest in Bulgaria?
Bulgaria offers cheap property for sale in a country whose
economic growth has grown at a rapid pace and is now one of the
highest in Europe. In the past 10 years, its tourist trade has
increased dramatically. As a result, an abundance of cheap
properties are for sale in Bulgaria at a much lower price than
in other European countries, ensuring a better value for your
money. Its present trade with North America will continue to
expand to nearby Asian markets and to other countries in the
European Union, which it will join in 2007.
This is a great place to buy that second home for your holidays,
a home for your retirement in later years, or to use as property
for rental income. The opportunities for buying cheap property
are unlimited.
Bulgaria is rich in historical and cultural attractions for the
tourist, but in comparison with many other European
destinations, it is still relatively new and unspoiled. It is a
country with an extremely low cost of living, rate of taxation,
and annual inflation. The political structure of Bulgaria is a
stable democracy, with freely elected Members of Parliament.
The average elevation of Bulgaria is 1600 ft, with more than
half the country being hilly or mountainous. The favorable
climate of Bulgaria is temperate, with dry and warm summers and
chilly winter months. In the major cities, taxicabs are
inexpensive, and buses and rental cars are also available. In
addition, numerous express trains provide excellent
transportation, as well as season passes, to all parts of the
country. Furthermore, the improved and expanded construction of
roads has increased the interest in buying cheap property in
Bulgaria.
There are four geographical regions in Bulgaria where cheap
property is for sale.
Property along the Black Sea coast is the most desired real
estate among the international and local buyers. These
properties are in high demand, due to the rapid growth of the
tourist trade to this particular area. The architecture of the
old seacoast towns, the historic ruins of ancient civilizations,
pagan sanctuaries, and cultural monuments of Bulgaria are just a
few of its many attractions. This area has long been famous for
its spas and mineral springs, a place for health, rest, and
relaxation. The shallow water, fine sandy beaches, and warm air
all contribute to the desirability of buying property in this
area. Beachfront property is always a good investment, and there
are many cheap one and two bedroom apartments for sale along the
coast and in resort areas. The resort areas offer activities for
singles, couples, and entire families, making them popular
destinations for tourist travel.
Another option to buy cheap property in Bulgaria is in the
fabulous ski resort locations. These resorts offer every type of
winter sport and activity, and during the summer months, the
mountain trails are ideal for hiking, camping, cycling, and
horseback riding. Other attractions are being added to these
resorts, including golf courses and tennis courts. The 9-month
rental season in the ski resort area, as compared to a 5-month
season along the coast, provides an even greater potential for a
more lucrative investment.
A third area to consider in buying cheap property is in the
major cities of Sofia, Varna, Bourgas, and Plovid. Many
international companies have employees with families relocating
to Bulgaria who are interested in renting apartments or homes in
the suburbs and gated communities. New apartment buildings are
under construction, some with various amenities included, such
as restaurants, fitness centers, video stores, banks, etc. In
addition, more and more local and foreign business owners need
to rent offices and building space, as trade continues to grow.
Mortgage is competitive and legal advice for tenant agreements
and property maintenance is readily available. The demand for
cheap urban and suburban property will continue to grow as trade
increases, presenting an excellent opportunity to invest in
Bulgaria. A fourth option for buying cheap property in Bulgaria
is in one of the many towns or villages, which are located
between the mountain ranges of Rila and Pirin, near beautiful
forests and lakes. Some of these villages are in sheltered
valleys, surrounded by rose plantations and fields of
sunflowers. If you prefer to buy property away from the resort
and tourist areas, there are many small villages along the Black
Sea coast and beside picturesque bays, as well, where cheap
property is readily available. There are a number of good
reasons to buy cheap property in Bulgaria. Whether you intend to
keep it for yourself as a second or retirement home, use it for
substantial rental income, or sell it later for a nice profit,
the choice is yours. As the tourist trade increases, so will the
demand for real estate. There is no better time to buy than now.