Why should I prefer Bulgaria and Bulgarian property?

   Bulgaria is a beautiful country and deserves to be recognised for it’s Mountain regions, beautiful Heritage Villages, cities as much as it is currently for it’s Black Sea resorts. It is a hidden gem amongst the countries of Europe. People who visit Bulgaria always want to go back, attracted as they are by the country, the people, the cost of living and the way of life. Bulgaria also boasts wonderful mountain regions, perfect for Eco-Tourism opportunities. The winter ski resorts of Borovets and Pamovero are well know to skiers. The Bulgaria Government, in an effort to boost tourism, is investing heavily to improve the ski resorts and develop new ones. Ski season is, in general, from December through to beginning of April. These ski resorts are also perfect holiday destinations during the summer for activity based mountain holidays. Bulgaria boasts 354Km of coastline along the Black Sea with the largest cities along the coastline being Varna, in the north, and Burgas, in the south. The largest beach resort is Sunny Beach, just north of Burgas, which has been completely remodelled over the past three years. Heavy foreign investment in Sunny Beach has resulted in a summer resort to rival any in Europe and it attracts over 700,000 tourists in a season, drawn to it’s 8Km sandy beach and over 1700 hours of sunshine from May to October. Summer temperatures along the Black Sea reach 30-35 degrees C and cool offshore breezes make this area of Bulgaria very popular.

What are the property prices in Bulgaria?

   Property in Bulgaria offers excellent value for money. It also offers a good investment considering the long-term prospects for the country. Whatever your budget, Bulgaria offers considerably better value for money than European destinations.
Mortgages are also available for purchases in Bulgaria from all Bulgarian banks.

Are there any restrictions for foreigners?

  According to the Bulgarian Constitution, foreign individual persons can buy buildings but not land. Therefore the most common method for foreigners buying property in Bulgaria is to set up a company which then owns the land and the buildings. We can organize the entire process from start to finish, together with all aspects of conveyancing. We expect the law to change within the short to medium term as Bulgaria opens its doors fully in line with its expected entry into the European Union (2007). This historic restriction is one of the reasons why property in Bulgaria is so competitively priced compared to Western and Central Europe.

What's the weather in Bulgaria if we want to live in there for some months?

  Bulgaria has long been a summer tourist destination, as well as offering popular winter resorts. Generally summers are longer and warmer (and guaranteed) whilst the winters are shorter but can be more severe. The Black Sea coast is less cold in the winter and rarely sees snow. For 5 months (May - September) average temperatures are 25 degrees Celsius and often above in the peak summer period.

Could you please inform us about air transport to Bulgaria?

  Direct international flights are available to the capital, Sofia, all year round. Direct charter flights to the Black Sea (Varna/Burgas) are available during the spring/summer months and can be booked through local UK travel agents.Balkan Air Tour is the flag-carrier. It flies to more than fifty destinations in Europe, Asia, Africa and America. Apart from scheduled international flights, there are charter flights for tourists in winter and summer. Domestic services are available to the Black Sea ports of Varna and Bourgas. Sofia Airport enquiries: 720 672 (international flights), 722 414 (domestic flights).

Have I any investment opportunity if I choose Bulgaria and purchase a property there?

  Bulgaria is turning into the hottest property market in Europe. It has been interesting to see the development and recognition of the market over the past months.The number of agents and developments has also increased dramatically. The choice of client is now wider than ever, both from development and the choice of agents. Be careful out there with the choice of agents. The most important questions are – do they know the market and are they direct agents for large, well established developers.
The investment opportunity of Bulgaria is great. It has currently for capital appreciation and low cost of entry. Current average cost per square meter of 800-1000 Euro for key developments in Sunny Beach and Sofia will also result in good gains over the next 12-24 months.

What do you think about investment in the capital of Bulgaria – Sofia?

  With 1.7m people and less than 3% unemployment, the capital of Bulgaria is developing very quickly. There are amazing changes in the city over the past two years. Of, course, not perfect by any means with parking and general roads/pavements the main problems. As capital of the country and with the number of office/business parks currently in construction we can only expect the rental market to expand rapidly.

What do you think about investment in the ski resorts?

  Bansko is the only one of the ski resorts not purpose built. It is a lovely old town that attracts tourists in winter and summer. Sure, not the best developed of the 3 resorts but, the one where most money will be invested over the next 3 years. Only 2 hours from Sofia and a great jazz festival during August every year. Borovets is starting to get the first apartment developments and Pamporovo is the most exclusive of all the ski resorts and very beautiful.

What do you think about investment in country areas?

  Bulgaria is a very large country with lowest level of new births in Europe and mass exodus to the main cities. Probably the most beautiful countryside in Europe with breathtaking landscapes. Buy in country areas if you never want to rent. Houses can be very cheap but, please check the area first.