Property in Bulgaria

Bulgaria now rivals Spain and France as the destination of choice for British property buyers. Interest in its sunny coastline, thriving ski resorts and regenerating capital came to a head in January 2007 when Bulgaria joined the EU, and further excitement is building over its planned adoption of the euro in 2009.

More recently Bulgaria hit the headlines when budget airline Easyjet announced three flights a week to Sofia – which sparked a surge in buying among investors.

There are few places in Bulgaria where you won't bump into a British ex-pat or find British-owned property, but most people make for three distinct areas – the ski resorts high up in the Rila mountains such as Bansko and Borovets, which are growing at a mind boggling rate; the serene Black Sea coast running from Balchik down to Sozopol (and including the tourist magnets of Sunny Beach and Golden Sands); plus the outskirts of Sofia, where a frenzy of apartment building is taking place.

Why invest in Bulgaria?

• Low property prices
• Good Capital growth predictions
• Strong growing economy
• Low Initial investment
• Joined the European Union in 2007
• EU investing 30 Billion into infrastructure and development
• The general cost of living is one of the cheapest in Europe
• All year round amenities including ski resorts and golf courses
• Strong all year round rental potential
• Capital gains tax exempt (one property a year)