Bulgaria Property Investment

Bulgaria is a very beautiful country, with a significant trading centre. The golden Sands attract people in Bulgaria property investment and it has the best soft sandy beaches in Europe. Bulgaria has become an increasingly important summer holiday destination with many visitors from the UK, Germany, France as well as the traditional visitors from Russia and other parts of Eastern Europe.

The economy in Bulgaria is strong and it is experiencing large Bulgaria Property investment in major new city centre projects, including residential and commercial developments. The average salaries are rising strongly and a professional person will be receiving double or even triple the salary from 5 years ago. The joining of Bulgaria into the European Union in January 2007 has added to this inflation which is set to continue.

The Bulgaria property investment market for holiday homes is also strong in Bulgaria. Due to the fact that, the north is surrounded by three golf courses and the magnificent Albena resort with superbly maintained beaches have attracted significant Bulgaria property investment from foreign buyers in these areas. This also set to continue with the emphasis on high quality construction near the beach, or properties that offer lifestyle opportunities, further away from the main Bulgaria property investment areas.

Interest rates are currently around 6% but the Bulgarian lev (1 Bulgarian lev = 0.80 U.S. dollars) is tied to the Euro. It is expected the lev will be replaced by the Euro in 2009. This will lead to parity in interest rates making Bulgarian property investment more affordable in the future and therefore a good time to buy property in this expanding market. Bulgarian property is relatively inexpensive to build, approximately 700 Euro per sq m. This is about 40% less expensive than in the UK. Bulgaria property investment will offer excellent value for money.