Property in Bulgaria

Bulgarian Properties growth areas

Well-located property in Bulgaria, such as Sunny Beach which is a purpose built holiday destination located on the southeast Black Sea Coast, and Bansko which is a ski and summer resort near the Pirin mountains, produce very high quality of build and internal finishing. Off plan property in Bulgaria throughout these areas provide investors with a very competitive price structured product that has a ready-made rental market when complete.

 

View: Black Sea Coast Property

 

View: Bansko Property

 

Property in Bulgaria at Sunny Beach

 

Bulgaria Property Types:

Varying Bulgaria property types allow every budget to be met with studios, 1 and 2 bed units being available in most new developments in Bansko and the Black Sea coast.

 

Tenant Profiles

The vast increase of tourist interest in Bulgaria Black Sea Coast, which is rising by 30% per annum from figures given by Bulgarian Tourist Information, allows us to look to the future owners. Although the UK market is growing; up 62% this year, the German, Scandinavian and Russian tourist industry provides very strong long-term links with the Black Sea Coast.

 

Typical Yields

Since 2002 Bulgaria property figures show a growth of 50% per annum effectively doubling a property's value in two years. Conservatively projected figures for the year 2004 suggest average rises of 23% with "well located" property in Bulgaria to far exceed this figure.

 

Finance Options

Mortgages secured on property in Bulgaria are now available up to 70% of the property price. Standard rates currently sit at about 7.5% to 8% but are expected to drop in 2005.

 

Vast new areas for Bulgaria property investment

 

Any Risks

Potential risks can be minimized with selecting the correct real estate agent to represent you in your purchase. The legal system can be a problem if proper legal advice is not taken before any potential purchase. We only use top lawyers as recommended by the British Embassy.

 

Future Prospects

Current prospects remain high but the introduction to the EU in 2007 should generate a boom in prices of property for sale in Bulgaria.

For more information about property in Bulgaria visit our Questions and Answers for Bulgarian off-plan property page.

 

If you would like further information please contact us, we will be glad to help.