10 Reasons to Buy a Property in Bulgaria
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Property Prices are low and the cheapest in eastern Europe |
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Tourists traffic is projected to exceed 20 million by 2010 |
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Geographically Bulgaria is the strategically located on crossroads between Asia and the west |
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Corporate tax reduced from 23.5% to15% now being reduced again to 10 % are expected to attract huge corporate investments. |
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Bulgaria has the fastest growing economy in Europe |
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Highest gross domestic product in Eastern Europe at 5.6% |
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Open Skies agreement cheap airline carriers such as Easy jet, Whizz air, Ryan air and Bmi Baby now set to fly, also British Airways are expected to start running non stop service to Varna. |
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8 billion of E U grants to be awarded 2 billon to be spent on motorways |
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There will be 20 golf courses build by 2008 , 40 by 2015 |
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EU accession will naturally drive prices up as it has done historically in other neighboring countries |
> Bulgaria is one of the Europe's most attractive holiday destinations - perfect weather, high rising mountains, Alpine peaks, ice and snow, fine golden sands and beaches, friendly people, many archaeological, historical and architectural monuments, breathtaking rock formations, mysterious caves, quiet coves, romantic capes, healing mineral waters. Although this country occupies a relatively small area, (2.2 times smaller than the UK) Bulgaria will fascinate you with its fantastic creativity, compacting so much beauty into such a tiny country. Bulgaria has modern resorts, ancient towns and many camping sites.
> Bulgaria is a member of NATO and will become a member of the EU in 2007. At the moment prices are far lower than in the other European countries, but they are expected to increase drastically in the next few years. Last year property prices increased more than 25% and some real estates have increased in excess of 50 % during the course of one year. Property is the fastest growing asset in Bulgaria. This is particularly apparent in Sofia, and the Black Sea beach resorts, (Sunny Beach and Golden Sands). Equally the ski resorts( Borovets, Bansko) are now attracting a great deal of foreign investment which by return is increasing the prices of property within the whole region growth potential that will certainly boost the prices of the Bulgarian property in the near future. Bulgarian property market is still unexplored and undeveloped to a certain extent, which makes it very attractive and profitable.
> Bulgaria has one of the most liberal foreign investment laws in the region, making the investment in Bulgarian property easy. Reaching year of 2007, Bulgarian laws are improving and changing in accordance with the laws in the countries of the European Union.
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Skiing in Bansko, Pamporovo or Borovets
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Mountain biking in one of the many forest trails |
Sunny Beach |
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