Republic of Bulgaria
- - - Quick Facts - - -
Capital : Sofia
Area : 110,994 sq km
Language : Bulgarian
Population -
8,190,876
in towns :
5,578,000 (68%)
Religion -
Christian Orthodox:85%
Muslim: 13%
EU Membership 2007
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Bulgaria Property : Reasons to Invest
. . (August 2004)
Prior to a trip to Bulgaria in summer 2004, several people I met asked me to keep an eye out for property-related investment opportunities. So while in Varna, I took some time to visit several properties, and talk with agents who have English-speaking clients. What I learned was encouraging, and the overall prospects for property investing seem positive, particularly as the country approaches its entry into the EU in 2007. The following is a short list of why an investor should invest in Bulgaria, and is an excerpt from another website (see below):
Relatively inexpensive property in comparison to other holiday resort areas in Europe.
Trend of rising property prices- Property prices raised an average of 20% last year alone in Bulgaria, with higher escalation along the coastal areas and in the mountain regions.
Bulgaria has one of the least expensive costs of living in all of Europe.
Bulgaria has a history dating back over seven millenniums, giving the country a great deal of cultural heritage.
Bulgaria has a pleasant climate, with some areas receiving over 300 sunny days per year. The Black Sea Coast averages over 1,700 hour of sun during the tourist season.
Bulgaria abounds with a wealth of natural mineral springs and organically grown produce. Many of the foods are raised naturally, since commercial farming is not widespread in Bulgaria.
Bulgaria is close- Bulgaria is in Europe so naturally it is within 3 hours or less from the United Kingdom, Holland and Germany. Some companies offer charter flights directly to the coastal areas.
Bulgaria is stable- Bulgaria has been undoubtedly the most stable country in SE Europe. While surrounding countries have suffered through wars and civil unrest, Bulgaria has remained peaceful.
Bulgaria joined NATO in 2004 and is set to join the EU community in 2007.
Bulgaria is financially stable. - In 1999 the Bulgarian currency was tied to the German mark and subsequently the Euro, stabilising the currency and allowing for economic growth.
Property values are expected (by some) to rise between 10%-15% per year for the foreseeable future
Source of these bulletpoints: www.suncoastvilla.com | 
bravenet.com
