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A cultural treasure trove stuffed to bursting with the ancient monasteries,
churches, mosques and Roman and Byzantine ruins, and located in
the very heart of the Balkan Peninsula is Bulgaria. Investors Provident
have recently launched their investment section on Bulgaria and
offers its clients some very diverse and high capital growth investment
opportunities.
Since its escape from the yoke of communism, Bulgaria has struggled
to join the modern world. It became a member of NATO in 2004 and
is due to join the European Union in 2007. With the Black Sea to
the east, Romania to the north, Serbia and Macedonia to the west,
and Greece and Turkey to the south, it is a country that retains
a charming mixture of the old and the new.
The capital of Bulgaria is Sofia. Almost completely rebuilt after
the bombings of World War II, its city centre has a weird and wonderful
mix of architecture; right down to a yellow-brick boulevard. North
of Sofia is the Balkan range, Bulgaria is longest mountain chain,
which flows down to the Danube. For the sun and sea, the Black Sea
coast offers some of the best in rest and relaxation at affordable
prices. The southern section of the coast is home to picturesque
bays, spacious beaches, dunes and a warm sea.
There are no words to describe the phenomenal rise in property prices
taking place in Bulgaria is tourist areas. Some developers have seen
their tourist property complexes rise in value in excess of a colossal
100% in a year! Even if spread across the board, it still averages
out to a sizeable capital growth of 35%. But why this discovery
after all these years?
Since the collapse of communism in 1989, Bulgaria has been opening
itself to the West, and its natural attractions have not gone unnoticed.
This is hardly surprising given that Bulgaria offers long sandy
beaches, summers of clear blue skies and a warm Mediterranean style
sea only two hours flight from the UK. This, coupled with a phenomenally
low cost of living, and its transition to a fully functioning market
economy has made Bulgaria one of the major hotspots within Eastern
Europe. Where else would you get a delicious three-course meal for
two with a bottle of good local wine for EUR8?
The World Tourism Organisation placed Bulgaria near the top in
terms of tourism growth. In 2003 growth increased by 23% compared
to 2002 and the proceeds comprised 13% of the country's GDP. Bulgaria's
rising property prices have been greatly influenced by the European
Union which has had a tremendous impact already. This will be even
greater after the country joins the EU in 2007, if as is expected,
it follows the pattern demonstrated by Ireland.
Investors Provident is one of the few companies offering attractive
investment opportunities in Bulgaria along the Sunny Beach (Black
Sea Coast), Bansko (ski resorts), city centre Sofia, towns of Burgas
and Varna, and other growth areas. Properties can be bought for
as little as EUR20,000 on the beach front for studios and one beds
up to EUR120,000 for 3 beds / 2 bath apartments.
Investors who have never considered Eastern Europe as part of their
strategies are now rethinking their moves. 20% to 30% capital growth
in a space of just 6 months is a return that will attract novices
and professionals alike, and this is just the beginning.
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Mobile phone:
00359 897 858 667 |
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Office number:
00359 2 962 40 35
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Best Bulgarian Real Estate Ltd - A Leading Agent for Property in Bulgaria
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