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Property Prices in the US Forecast to Rise 4pc Annually for the Next Five Years
May 2012
Property prices in the US have been forecast to rise 4% a year for the next five years, although the average home in America has lost one third of its value since 2006....

More Signs Show US Property Market to be in Recovery
May 2012
In March, pending home sales in the US increased, providing further proof that the property market is finally on the road to recovery....

Bank of America is Approving More Short Sales
April 2012
The Bank of America Corp., is approving more and more short sales as an alternative to foreclosure...

Germany Set to Enjoy a Good Year for Residential Sales
April 2012
According to Savills, Germany is set to enjoy a very good year of residential sales, especially as more residential units are being sold in large packages of around 10,000 units for the first time sin...

Altinkum will see a major facelift of main beach.for 2012
April 2012
Visitors to Altinkum this year will see a major facelift of main beach. Work has recently begun which will give the seafront a transformation in time for the start of the holiday season. Tourists will...

Egypt Plans to Sign IMF Loan Agreement in the Summer
April 2012
Egypt is planning to sign an agreement with the International Monetary fund for a $3.2 billion loan by early summer, according to the Minister of Planning and International Corporation, Fayza Aboulnag...

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Bulgaria Overview | Property in Bulgaria

Situated in South-eastern Europe, Bulgaria occupies the north-eastern part of the Balkan Peninsula. The country’s total territory is 111,000 sq. km. It has a 378 km borderline with the Black Sea to the east.

Bulgaria also neighbours Macedonia and Serbia and Montenegro to the west, Romania to the north and Greece and Turkey to the south. Bulgaria possesses a varied relief, in the altitude range from 0 to 2,925 m. Its territory includes part of the lower Danube Plain, The Balkan Range – part of the Alpine-and-Himalayan chain, part of the Thracian lowland and to the south – the mountain structures of the Macedonian-Thracian massif. The predominant climate in Bulgaria is moderate and transitional continental with plenty of sunlight days per year. There are four seasons, with warm summer and snowy winter. The average yearly temperature is 10.5 °C.

The Bulgarian mountains which occupy half of the country’s territory, are easily accessible, and are prime destinations for both winter and summer tourist activities, including skiing, hiking, fishing, canoeing. The major mountain ranges are Rila, Pirin, Rhodope and Stara Planina. Mussala peak in the Rila mountain range is the highest point on the Balkan Peninsula.

Much of the Black sea coast is covered by long beaches with fine white sand. The sea itself is non-tidal, less salty and warmer than the Mediterranean. The tourism sector has flourished in recent years and holds a firm lead in the Bulgarian economy.

Varied Landscape of Bulgaria

The country offers a mixture of quiet rural scenery and villages that have preserved their unique spirit of old times, and modern cities pulsating with the rhythm of growing business activity and ever changing fashions. Regardless of your mood and interests, you will always find something intriguing and fascinating in this small piece of land.

Hot Mineral Spas in Bulgaria

Bulgaria is famous for its natural hot mineral water springs – 1600 of them altogether. They present excellent opportunities for health tourism. The country is very rich in ancient monuments and artefacts from different epochs in its 1300 year old history and beyond. Thracians, Romans, Slavs, Greeks and Turks have left their mark and heritage to be appreciated by locals and tourists alike. The country has 9 UNESCO World Culture Heritage sites. Numerous monasteries, churches and mosques, some having hundreds of years of history, present a compelling attraction to every tourist.

Bulgarian Politics

Bulgaria’s political system is a parliamentary republic. After the fall of communism in 1989 the country has started on the road to democratic reforms and has achieved significant progress in recent years. It has a sustained GDP growth of 4.8%, a stable political system and highly trained workforce. As of March 2004 the country is member of NATO and is invited to join the European Union in 2007.

Why Invest in Bulgaria?

Macroeconomic stability:

  • Political and economic stability
  • Sustained GDP growth of 4.7-4.9 % per year
  • NATO membership achieved in 2004
  • Very competitive labour cost compared to the rest of Europe
  • Very competitive tax regime - 15% corporate profit tax as of 1 January 2005
  • Well educated, highly trained English speaking workforce
  • Strategic geographic location
  • Full national treatment of foreign investment

Top tourist destination:

  • Bulgaria voted No. 4 tourist destination worldwide by The Washington Post
  • 22% average annual growth of tourist arrivals for 2002 – 2004
  • 43% year-on-year increase in British tourists for 2003
  • Well developed and constantly improving summer resorts
  • Excellent skiing opportunities with guaranteed winter snowfall
  • Unbeatable prices guaranteeing best value for money holidays
  • 1600 thermal mineral water springs
  • Rich historical and cultural heritage
  • Easy access from Europe

Booming real estate sector:

  • 25% price growth in the last 12 months
  • Still lowest real estate prices in Europe
  • Strong year round corporate letting market in Sofia
  • Dramatic increase in demand for quality accommodation at Bulgarian resorts
  • Strong drive for property purchase from Bulgarians living abroad
  • Bulgaria on the agenda of top European real estate investment funds

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