Property in - Sunny Beach |
Property in - Bansko
Style of life
Your experience of Bulgaria can be as varied and rewarding as the geography of
the country itself.
Starting with the sea, there are beaches in Bulgaria to suit just about
everybody, from families with small children to seekers of solitude.
Doze off by the beach, enjoy the water sports, or explore nature trail inland
By nights – options are many: clubs, restaurants, aqua bars, discos, pubs.
Keep fit in fitness gyms, sport facilities and football fields in resorts at the
Black sea
You can enjoy white sports as well - skiing in the mountains during winter.
Bulgaria is small enough to go about and discover at your hearts content and big
enough to offer a multitude of lifestyles for all ages.
Culture
Being at the crossroads of Europe and Asia , throughout the
centuries, Bulgaria and its people have developed a culture of hospitality and
vitality.
Bulgarian combines emotionality of Mediterranean people and pragmatism of West
Europeans.
Bulgarian festivals and customs date back to ancient times when men tried to
appease the natural elements and trembled before their power. Full of beauty,
gaiety, mystical voices, fiery dances and brightly colored costumes -
Bulgarian folklore has to be seen, felt and experienced!
Climate
Bulgaria is situated in South -E ast Europe and occupies the eastern part of the
Balkan Peninsula.
The relief is e xtremely varied of large plains and lowlands, low and high
mountains, valleys and lovely gorges. Temperate continental with clearly marked
four seasons. A Mediterranean influence is felt in the country's southern
regions. The average annual temperature is 10.5° C. The average January
temperature is around O° C. Average summer temperatures rarely exceed 30° C.
Language
The basic language is Bulgarian. English, German, French and Russian are spoken
in the country's resorts, hotels and restaurants. The more of information is in
both Bulgarian and English, making it easy for everyone to get around.
Bi-lingual menus, announcements and instructions, as well as official documents
are the norm.
Cost of Living
As for the Bulgarian housing market, a lot of property can be bought for not
much money. Over the past year prices have risen sharply, particularly in the
main coastal areas, but there is still a long way to go to reach "European
levels". Of course, many will equate low prices with high risk. It's normal
to have anxiety about the unknown or unusual. The reality, however, should
reassure. Bulgarians have always valued private property, as shown by their very
high levels (equal to UK ) of home ownership. Bulgarians are now motivated to
modernise and reach out to opportunity. It's a generally friendly country, with
a long history of dealing with conflict that makes them tolerant and easy going.
Tourism is recognised by the government as a key industry for them and
foreign investment is welcomed.
Low property prices, beautiful countryside, historic towns and unchanged rural
traditions with cost of living surprisingly low.
Solid property ownership
Foreigners are able to purchase real estate properties without special licenses
from the government . The property is freehold and owners possess building right
and ownership forever.
Bulgaria is among the countries, where British people would like to have a
dwelling. Croatia, Turkey, Spain, France and the English speaking countries are
also in the preference list. Till 2012 the governments will offer different tax
concessions and other alleviation in order to attract the foreigners .
Investment opportunities
Bulgaria Investment Property: Bulgaria is one of the most popular locations for European investors. Recent infrastructure improvements to supplement increased tourism provide the background for investment property in Bulgaria to become a stable market. Bulgaria land and property currently provide one of the world's top investment opportunities. A combination of competitive property prices in Bulgaria together with a thriving economy and tourist industry makes Bulgaria investment a compelling choice. Whether it is Bulgaria real estate, Bansko apartments or Sofia buildings, Bulgaria property has shown impressive gains - not for nothing has Bulgaria been described as one of the ‘big winners' in capital growth. Read more about Bulgaria Property Investment .
Why Invest in Bulgarian Property? Bulgaria is now considered to be one of the greatest emerging markets for worldwide property investors and according to world officials, Bulgaria´s property boom is set to last. Natural and economic factors heavily contribute towards Bulgaria’s significant growth potential. Buying a property in Bulgaria is not necessarily the same as buying in the UK or Ireland and Bulgarian law is unique. There are also Bulgaria tax implications and Bulgaria mortgages to take into account. Obtaining independent legal advice on the Bulgaria legal system is absolutely essential. Read on for information on buying property in Bulgaria and Bulgarian tax . Bulgaria offers a wealth of cultural and natural delights for the visitor and tourist - snow-capped mountains in Bansko, Pamporovo and golden beach resorts at Varna and Bourgas are some examples - and the country has a firm commitment to investment in the tourist industry making Bulgarian property an excellent investment. Facilities are under improvement and expansion, and tourist figures are on the increase and this trend is forecast to continue well beyond 2010.
Natural and Cultural Factors
- 11 "Blue Flag" beaches along 354km of Black Sea Coast
- 37,500km hiking paths and mountain trails
- Roman, Greek and Thracian historical attractions, which includes nine UNESCO world heritage sites
- Top ski resorts with latest equipment – Pamporovo, Borovets and the newest one in Bansko
- Modern, vibrant city of Sofia, steeped in history and bustling with 21st century commercialism
- Budget air services and short direct flight times from all major European cities
- Borders with Greece, Macedonia, Romania, Serbia, Montenegro and Turkey
- Low Population density
- Average air temperature on Black Sea Coast in summer is 27°C and the average water temperature is 22°C
- Over 600 mineral springs, some with world-class spa facilities
Economical Factors
- Early stages of development in Bulgaria make it an ideal time to invest.
- Huge tourism growth, with figures up by 23% in 2007 compared to the previous years
- The World Tourism Organization predicts Bulgaria to welcome in excess of 20 million tourists by year 2020
- EU member with stable government, committed to further economic reform
- Large amounts of ongoing foreign direct investment
- Excellent property prices and growth potential compared with most other European locations
- Widely considered as one of the most rapidly advancing European countries
- Property construction now puts emphasis on high quality design and build with minimal environmental effect
- According to the Institute of International Finance, GDP growth is expected to be highest in Eastern Europe at 6,2 and 6,5% for 2006 and 2007
- The only country which hasn’t been affected by global economical crises and real estate recession
Bulgaria Property Investment Research Analysis
Bulgarian land purchase gives investors a prime opportunity to gain maximum returns on investment. An improvement in the worldwide property investment climate now allows us to identify many large-scale individual investors and investment consortiums who wish to take advantage of the current hot investment locations in Bulgaria.
Bulgaria with record number of Real Estate (investment) deals...... http://www.novinite.com/view_news.php?id=92511
Bulgarian property prices continue climb....... http://www.bbj.hu/main/news_35055_bulgarian+property+prices+continue+climb.html
Bulgaria tops Knight Franks Global House Price Index....... http://www.knightfrank.com/ResearchReportDirPhase2/11058.pdf
Why invest in Bulgaria?......... http://www.financialmirror.com/more_news.php?id=11135&type=st
Bulgaria's 2008 Inflation to Slow............. http://www.bloomberg.com/apps/news?pid=20601087&sid=aU79.Kdpgg.k&refer=home
Bulgaria tops Global House Price Index.............
http://www.sofiaecho.com/article/bulgaria-tops-global-house-price-index/id_29665/catid_74
Bulgaria's Capital with Increased Credit Rating.............. http://www.novinite.com/view_news.php?id=91004