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N.B Prices are only an indication & can change with exchange rate fluctuations.

Why Bulgaria

Why Invest in Bulgaria?

Bulgaria was recently ranked 1st in a list of best investment destinations.

Bulgaria is one of the fastest growing holiday and property investment destinations in the world – and it’s easy to see why:

The summer climate is similar to Spain, with a host of beautiful Blue Flag beaches.
The mountain areas in the winter offer skiing to rival that of the Alps with excellent snow records
The cost of living is one of the cheapest in Europe with properties starting at £25,000 and dinner for two costing approximately 15 Euros or £10, with beer at just 50p a pint
Bulgaria is steeped in history and has a rich cultural heritage that will fascinate tourist and property investor alike.
Bulgaria is also one of the cleanest and most unspoilt property destinations in Europe with 7 national parks, world heritage sites and about 3000 protected natural sites.
The rapid pace of economic development in Bulgaria means that there’s no shortage of modern leisure facilities and entertainment attractions.
There’s something for everyone in Bulgaria, from gorgeous beaches and breathtaking coastlines to stunning mountain ranges and nature reserves, from vibrant cities to charming rural villages and modern holiday complexes to ancient monuments – Bulgaria has it all, in abundance! And you’ll find a property to suit in all of these areas.
Getting to Bulgaria is easy - there are plenty of low-cost flights from the UK and Ireland, and the number of operators flying direct is increasing all the time. Flight times to Bulgaria are just 3 hours.
The people are friendly and English is widely spoken in the resorts

The Investment Opportunity

Ten years ago the idea of investing in property in Bulgaria was unthinkable. Since the fall of the Iron Curtain, Bulgaria has emerged from the shadow of communism to become Europe’s new property hotspot.

There has never been a better time to invest in Bulgaria. The economic and social conditions are ideal and there’s a host of very exciting opportunities for those who are willing to act now.

The price of property in Bulgaria is some way behind that of neighbouring Croatia, a country where property prices have already caught up with those in Spain. This fact, plus Bulgaria’s wealth of natural attractions, wonderful climate, rich culture, European Union entry and rapid economic development all suggest that property prices will continue to rise. In fact, the first half of 2007 saw increases of 9% in key locations. This demand is driven by interest from Bulgarians living abroad and Bulgaria attracting interest from tourists and property investors from all over the world

Economic Stability

Economically and politically Bulgaria benefits from:

Stable and democratically elected government
GDP per person increased 24% from 1999-2002 - the private sector accounts for roughly 59% of GDP
GDP growth predicted to be at 6% in 2006
Since becoming a member of the EU in 2007 Bulgaria will receive 6.6 billion Euros in EU structural funds between 2007 - 2013
Stable currency pegged to the Euro
Lowest operational costs and tax rates in a European market economy
High-level protection against double-tax thanks to 55 treaties, with 52 agreements in place to protect and promote foreign investment
Foreign direct investment of US$1.4 billion in 2004
Foreign direct investment in 2005 estimated to be $2.2 billion
Member of NATO since 1994
FDI/GDP ratio of 9.2% – the best ratio of all CEE countries
Very competitive labour cost compared to the rest of Europe
Very competitive tax regime - 15% corporate profit tax as of 1 January 2005
Well educated, highly trained English speaking workforce

Britop 2008

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