We keep on hearing people that Bulgaria property investment has fizzled out and that may be true for developments with not many unique selling points to offer like great locations, good finance and payment options, guaranteed rental and good value for money prices.
As yes, a lot of developers jumped on the bandwagon and a number of poor quality developments were built and the demand from property buyers has slowed down as they are looking at new emerging markets.
However in our opinion the Bulgarian property market can still be a good investment if you choose your Bulgaria property wisely.
Sofia the capital city has an increasing strong domestic demand from the Bulgarians earning higher incomes and also touristic demand is predicted to continue for the ski resorts like Bansko and more notable Borovets (because of the Super Borovets project where 300 to 400 millions Euros are to be invested to improve the ski runs and facilities as well as tourist developments.
Super Borovets project will see the ski runs extended to 120 km and an enclave of luxury five star developments located in the exclusive Upper Borovets area located in the midst of the extensive ski network as well as leisure developments in and around the areas.
When finished the mega project, Borovets will be improved and dramatically different to that of today and we expect the investment will form a catalyst for growth in the area. Early investors in an Bulgaria investment properties in Borovets will be rewarded with significant capital gains.
So you see Bulgaria still has some good opportunities to offer investors as long as they do the research and purchase a quality property in exciting areas with good demand.
Here are a few quotes.
House prices in Bulgaria registered the highest increase in the world in 2007, According to figures until the end of September 2007, Bulgarian house prices had risen by 30.6 per cent. Source: BBC
2.2bn Euros in EU funds pledged to improve the country’s road transport system.
Source: Oxford Business Group, The Report Emerging Bulgaria 07
ExperienceBG have a good range of investment properties in Bulgaria. You can learn a lot more about Bulgaria and the other emerging markets on our website and also access country guides and reports for further reading and our sister website Experience International that specialises in overseas investment property in many new exciting markets around the world including Brazil, Cape Verde, Malaysia, Thailand, and Egypt to name a few.
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