Bulgaria has recently implemented reforms relating to foreign investment in property markets. These reforms are in line with its adoption of the market economy as well as its commitment to meet European Union regulations. As a result of these reforms, you can buy cheap investment property. Bulgaria has many options that will interest the discerning investor.

 

When compared to the rest of Europe , Bulgarian property markets are still in the nascent stage. For instance, you can buy a flat in the biggest city on the Black Sea Coast , Varna , for just £25,000. A country retreat in the forest near the Danube can be yours for an incredible low amount. Agricultural areas also present you with a cheap investment property. Bulgaria has traditionally been an agrarian economy. As a result of its transition to industrialisation, agricultural land is available at very economical rates. Attracted by these incredibly cheap rates, British people have been showing an increasing interest in Bulgarian property markets. In 2004, around 10,000 citizens of UK have purchased properties in Bulgaria , mostly around the Black Sea area.

 

Another advantage of buying property is the low cost of living. Cost of living is lower in Bulgaria as compared to the Western Europe . Climatically, Bulgaria offers weather conditions that range from that of the snowy mountains of the ski resorts to the Mediterranean weather conditions near the Black Sea .

 

Bulgarian policy makers are planning to join the European Union by early 2007. When this happens, the property prices in Bulgaria will increase to attain parity with the rest of the European Union. In short, Bulgaria presents a cheap and profitable real estate investment opportunity.

 

If you are seeking a cheap investment property in Bulgaria, get in touch with us today.