The property market in Bulgaria has just boomed! And this boom is set to last. With prices in Bulgaria incredibly low for houses, and with the long term prospects for Bulgaria so positive, property investors, astute second home buyers and those looking to relocate to Bulgaria are being afforded a wealth of choice and fantastic opportunities.
Properties available are comparable in quality in countries such as France, Spain and Portugal ranging from substantial villas on the seafront to small rural cottages, from well proportioned city apartments to pieces of land on which you can build your dream home.
The prices in Bulgaria are at a fraction of what you would expect to pay in other countries. Bulgaria will have something to offer whatever your budget
Since 2003 prices have increased on average by 20% each year. Property analysts in Bulgaria point out that prices are starting from a very low level and have a long way to move to get in line with similar destinations across the world ... particularly in Europe. Bulgaria offers an excellent opportunity for property investment which is comparable to Spain some 20 or 30 years ago. Property in Bulgaria prices remain low despite the fact some properties have seen their value double since 2002. Projected figures for 2005 suggest similar capital growth.
Bulgaria has been a member of NATO since March 2004 is also an associate member of the European community, with its full membership due for completion in 2007. Historically this is when the largest growth in property prices is realised.
The majority of people looking for real estate bargains are after holiday or retirement homes (especially in the Sunny Beach area on the Black Sea Coast). Though there has been something of a boom in the commercial property market as well.
As the popularity of Bulgaria as a tourist hot spot continues to grow, so too does the holiday rental market, making investment in real estate even more attractive.
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