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Home: Starter World
Photo courtesy of BulgariaTravel.org
What makes Bulgarian property a worthwhile investment?
Author: Deirdre McCarthy-Betzold  Tuesday, April 11, 2006 at 10:23
Rating:    

Bulgaria in South Eastern Europe boasts an old and rich history. Many of the ancient cultures have inhabited this country and Bulgaria´s ancestral cultures have left a legacy of traditions and folklore. More recently it has become the world’s fastest growing holiday destination and therefore a wise choice for investment.
Bulgaria offers an astonishing array of landscapes, flora and fauna, recreational activities and wildlife. You will discover the magnificent beaches – the numerous ski resorts – the characteristic villages and fascinating architecture – the natural spas and treatment centre, a wide choice to suit all ages and interests.

On the Black Sea Coast, the sun shines an average of 300 days of the year. Many facilities are available for spa treatments, yachting, surfing, water skiing, diving and other aquatic sports. In this region, activities such as hiking, cycling and riding have become very popular, not to mention the more cultural tours to view heritage and architecture.

Rila, Pirin, the Rhodopes, Vitosha and the Balkan Mountains are now on the world map for ski and mountain hiking. The international resorts of Pamporovo, Borovets and Bansko allows one to enjoy some of the best skiing in Europe - with snow from Christmas to Easter.

Bulgaria has more than 600 hot, warm and cold mineral springs of varied physical and chemical contents, mineralisation, curative gases, biologically active trace elements, and temperature and curative properties. It has therefore been long established as a major centre for treatments.

Let’s look at some interesting facts:

• Bulgaria is a full member of NATO since 2004

• Bulgaria is scheduled to join the European Union in 2007

• Bulgaria’s weather is comparable with Spain, with property prices far cheaper

• The Cost of Living in Bulgaria is very low

• Average cost of land is Euro 150 per square metre but is predicted to almost treble over the next three years

• Bulgaria is politically stable

• Property appreciation has increased by over 50% in the past 2 years

• Holiday rentals are year round, with its eco-approved Blue Flag beaches, a variety of superb ski resorts, plus tourists preferring the cultural wonders of Bulgaria can lap up the history of the country

• Many airlines include Bulgaria on their flight network. Even the low cost airlines are now flying to various destinations in Bulgaria, making access far easier and cheaper for business travel, second home owners etc

• Bulgaria is abundant with natural resources, mainly copper, lead, zinc and bauxite

I would consider Bulgaria as one of the most popular buyers market due to its very low property prices, good infrastructure, diversity of what it can offer you and a fantastic climate – right now it is still an emerging market and in my opinion, is definitely on the list for an excellent safe, sound investment.



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Articles in in this section are primarily provided from Property World ME's team of dedicated authors. Replication or redistribution in whole or in part is expressly prohibited without the prior written agreement of Property World ME.
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Last updated Thursday, July 17, 2008 at 02:25, Dubai (UAE).


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