Real Estate Bulgaria, The Focus Of The Europeans

Bulgaria, situated in the eastern Balkans, has spectacular mountains and a Black Sea coastline, as well as a history going back to the 7th century.

A predominantly Slavic-speaking, Orthodox country long influenced by Byzantine culture, Bulgaria was part of the Ottoman Empire for 500 years before gaining its independence in the 19th century.

When talking about real estate Bulgaria, the Black Sea coast offers an attractive seaside holiday for rest and recreation. The sunshine record is exceptional - nearly 300 days of sunshine the yearly average, making real estate Bulgaria very attractive to the Europeans. The improved economic conditions alongside political and social stability in Bulgaria continue to push real estate Bulgaria prices upward. Many areas of the coastal regions are already being developed and as a consequence you will expect to pay higher prices for real estate Bulgaria, closer to the Black Sea.

Average real estate Bulgaria prices have increased in the past few years by more than 50 % with the peak prices near the popular beach resorts. Data shows the increase in real estate Bulgaria property prices in Burgas and Varna to be by some 17% higher than the average for the country.

Following the impressive annual capital gains averaging 30% in recent years, real estate Bulgaria markets more realistic annual growth rate of 15% up to the third quarter of 2006 sets the pattern for more predictable and sustainable long-term investment. The country boasts low prices despite its admission into the EU in January 2007. According to an article published in a property website, real estate Bulgaria remains up to 40% lower priced than other countries which had gained admission to the EU recently. However, real estate Bulgaria prices are predicted to rise accordingly, as traditionally occurs following accession to the EU, assuring property investors of significant capital growth and a secure investment.