|
Centreeurope.org |
||
Large opportunities for the real estate sector in Bulgaria |
Why does the real estate sector in Bulgaria attract so many private and corporate investors from all over the world? “The growing popularity of Bulgaria at present is due to many determining factors which has seen a recent capital growth of 15 – 20% and it remains on the rise. It is true that the country is a development hot spot and that is primarily down to the incredibly favourable climate and also the continued sustainability and stability of Bulgaria as a whole, which has seen it accepted into the EU in 2007. The growth and popularity of property development has been staggering but the scale and quality of the schemes is what is so appealing to investors as the properties that we promote, whether they are beach front or skiing developments, can compete on a world arena in terms of design and specification. The value for money is another huge bonus as people can invest in Bulgaria for as little as €20,000 and witness anything from 7 – 10% rental yields per annum. Is it necessary to be assisted by a real estate agency when investing in Bulgaria and how do you distinguish the reliable companies to approach? I would certainly recommend approaching a real estate agency when thinking of investing in any country or area that you are not well informed of. As Bulgaria is one of the worlds leading emerging markets it may seem tempting to just jump in with both feet but educated and thorough research is still an essential factor in any property purchase and companies like Bulgarian Dreams are on hand to provide that. It is worth reading up on a selected number of companies before committing and if you were to look at the leading overseas consumer magazines such as Homes Abroad, A Place in the Sun and Homes Overseas, you will always find adverts and editorial articles highlighting which leading agencies to approach.” Will the forthcoming EU entry of Bulgaria affect its real estate sector? Without a doubt. We are delighted that Bulgaria has received its final approval for EU membership in 2007, way ahead of schedule. We had been expecting this announcement for some time and it is good to see that the European Union shares our positive outlook for Bulgaria. This agreement reduces the risks associated with purchasing in Bulgaria and increases the value of properties moving forwards. Along with the projected increase in Bulgaria’s status when the accession comes around, we also expect to see a positive uplift in prices in the coming 18 months prior to membership.
I predict a continued and sustained growth for Bulgaria over the coming years especially looking towards and immediately beyond their accession to the EU in 2007. At present the level of foreign investment is rising and with regard to the rest of the Eastern European countries, Bulgaria is topping the FDI list. From an economic and property prospective I firmly believe that Bulgaria will remain one of the worlds leading emerging markets and with the introduction of international golf courses, the expansion of the skiing regions and the rise in tourism, this trend will continue for a good few years. Answers received by David Chelly, the 12th of October 2005 Plus d'informations : Bulgarian Dreams For further press information please contact TTA Public Relations: Matthew Fox Nick Barrington-Wells |
IMPORTANT ! The current version of Centreeurope.org is not fully updated anymore. A new version with thousands of pages about Central and Eastern European countries will be launched soon. Please check our new websites for Central and Eastern Europe countries |
