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Bulgaria – A Tempting Investment

Article Date : Tuesday, May 09, 2006       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

We all know by now that Bulgaria offers some of the lowest property prices in Europe. In addition, stunning landscapes, several well-equipped ski resorts and a beautiful year-round warm climate are today attracting unprecedented numbers of tourists and investors to Bulgaria. A quick look at the increase in house prices in the first quarter of 2006 gives us an idea of the great returns on investment the property market in Bulgaria is currently offering. The Sofia Echo has recently reported that property prices increased by 4.7 per cent in the first quarter of this year, when compared to the last quarter of 2005. According to the National Statistics Institute, the newspaper cites that the average apartment price in the first quarter reached €411 per square metre, which was up from €383 in the previous quarter. However, the capital city of Sofia leads the way with the average apartment costing €670 per square metre, while the popular Black Sea resort town of Varna comes a close second, at €632. Bulgaria is undoubtedly soaring ahead in its bid for EU membership by 2007 while the entire infrastructure and tourist economy are taking leaps and bounds. Logically, as this quarter’s statistics show, prices too are on the up but, for now, they still remain temptingly low. This, together with an ever-increasing quality of life, make Bulgaria is a very strong contender against the likes of other European destinations such as France or Spain.
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