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Looking for European properties for sale? Bulgaria is the latest property hotspot.
If you are a first time investor looking to take the plunge in overseas property or a seasoned property investor searching for the next hot buy, Bulgaria should definitely be at the top of your list.
EU Membership
Bulgaria becomes part of the EU in 2007, coupled with some of the cheapest property for sale in Europe, is an irresistible mix for property investors.
Profit
Entry into the European Community consistently prompts big price hikes, which means great capital gains are to be had on properties for sale in Bulgaria.
Apartment prices rose by 39% in 2005 according to the Wall Street Journal.
Property Prices
There is a bewildering choice of properties for sale in Bulgaria, and the huge volume of properties means prices can vary wildly. It is important you accurately gauge the market value of each particular area and do extensive research or go through a reputable Bulgarian property company.
Tourism
Bulgaria is increasingly becoming a more desirable tourism attraction. Although just 100,000 tourists visited the country in 2002, this rose by a 50% in 2003 and by 2004, 250,000 tourists had visited. It has been predicted by the World Travel and Tourism council that there will be a 6% yearly rise in tourism between 2006 and 2015.
The more popular Bulgaria becomes the faster house prices will grow.
Cost of Living
Bulgaria not only has some of the cheapest properties for sale in Europe – with apartments available for under £15,000 – it also has one of the cheapest costs of living in Europe. It can cost 30p for a beer, and a three course dinner, just £5.
Attractions
Bulgaria has areas of outstanding natural beauty, ski resorts and 220km of sandy beaches - and it is just a three-hour flight from the UK.
Stability
With a sustained economic growth of 5.6% per annum, and a stable currency, Bulgaria is a safe area to invest. There is no history of civil upheaval and the country has stable religious communities and a progressive democracy. By 2007 with EU membership, this international acceptance will promote further investment.
With a wide variety of properties for sale in Bulgaria, impending entry into the EU and low cost property prices, the next few years are bound to be buoyant for investors.
If you want to find out more about how you can capitalise on properties for sale in Bulgaria, than telephone The Bulgarian Property Company on 00359 886 234 289 or e-mail: managebg@aol.com We can take the headache out of buying abroad with our extensive local knowledge of the logistics of buying in Bulgaria, including the legal and financial pitfalls.
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