Bulgaria Property Investment Opportunities. Real Estate Bulgaria.

£27,000 / $54,000 *

New Developments in Bulgaria

The beautiful country of Bulgaria is situated in South East Europe, above Greece and Turkey and below Romania, its coast formed by the Black Sea and with Macedonia and Serbia further inland, and is easy to reach from European airports. Its location and unspoilt environment mean that it has become the ideal investment opportunity, whether you plan to live there, keep a holiday home, or take advantage of the boom in tourism through property letting. It is renowned world-wide for its winter skiing in the Pirin and Rila mountains and for its clean, safe, sandy beaches, with an average summer temperature of 25-30 degrees, and can now add a growing golf culture, with investment opportunities here already seized by Gary Player, Jack Nicklaus and Ian Woosnam.

Tourism, facilitated by the major tour operators, has doubled over the last few years (with receipts of just over 2 ½ million US dollars in 2006), encouraged by the massive investment in resort hotels (including the development of environmental technology, such as the plant in the ski resort of Bansko to lower heating costs), by the country’s progress in fighting crime and by government and private sector plans for strong promotion of the country’s attractions. The flora and fauna are protected and air and water are ecologically some of the purest in Europe. The architecture and culture represent both Eastern and Western, ancient and modern, with 40,000 listed monuments. Its capital city, Sofia, well served by trams, buses, trains and taxis, is packed with art galleries, churches, museums, theatres, clubs and sporting facilities and is only 70 km from the ski resort of Borovets.

Bulgaria’s population of just under 7½ million is descended from Thracian, Bulgar, Byzantine, Turkish, Greek and Romany peoples and celebrates life vivaciously with music and dance, accompanied by the bagpipe, flute, and various stringed instruments. They also celebrate some of the lowest living costs in Europe, with eating out for two costing around £6, organic food readily available and cheap beer and wine. The economy’s Gross Domestic Product is growing at a 4% – 5% rate, increasing macroeconomic stability and benefiting EU membership. It is a major producer of electricity, steel and lead and attracts major companies such as Hewlett Packard, who have their regional offices and headquarters there.

Politically, Bulgaria is a parliamentary republic with a president, elected for 5 years, and the National Assembly with 240 proportionally-elected members. Central government is represented in the municipalities by district governors appointed by the cabinet, with mayors and local assemblies proportionally elected. Bulgaria is a member of NATO and the United Nations and a Consultative Party to the Antarctic Treaty.

• Official Language: Bulgarian
• Currency: Bulgarian Lev (linked to the Euro)
• View Bulgaria on the World Map

New Developments in Bulgaria

Bulgaria Property     * currency exchange rates subject to fluctuation.