PROPERTY IN BULGARIA
Albena, Bulgaria

"Legend has it that when God was giving lands to the peoples of the world he forgot the Bulgarians. To set things right he took a piece of Heaven and gave it to them."

Bulgaria Map, Albena
Situated in Southeastern Europe, Bulgaria occupies the northeastern part of the Balkan Peninsula. The country’s total territory is 111,000 sq. km. It has a 378 km borderline with the Black Sea to the east. Bulgaria also neighbors Macedonia and Serbia and Montenegro to the west, Romania to the north and Greece and Turkey to the south.

Bulgaria possesses a varied relief, in the altitude range from 0 to 2,925 m. Its territory includes part of the lower Danube Plain, The Balkan Range – part of the Alpine-and-Himalayan chain, part of the Thracian lowland and to the south – the mountain structures of the Macedonian-Thracian massif. The predominant climate in Bulgaria is moderate and transitional continental with plenty of sunlight days per year. There are four seasons, with warm summer and snowy winter. The average yearly temperature is 10.5 °C.
The Bulgarian mountains which occupy half of the country’s territory, are easily accessible, and are a prime destination for both winter and summer tourist activities, including skiing, hiking, fishing, canoeing. The major mountain ranges are Rila, Pirin, Rhodope and Stara Planina. Mussala peak in the Rila mountain range is the highest point on the Balkan peninsula.

Much of the Black sea coast is covered by long beaches with fine white sand. The sea itself is non-tidal, less salty and warmer than the Mediterranean. The tourism sector has flourished in recent years and holds a firm lead in the Bulgarian economy.

Bulgaria, Albena

Bulgaria has shaken off its image as a hardy ex-communist state and has quickly become one of Europe's more popular holiday destinations. The glittering Black Sea Coast, excellent ski resorts, historic towns and incredible scenery are attracting record numbers of visitors and investors. Property in Varna, property in Albena and property in Burgas - all beach resort towns - offer all of the traditional fun in the sun, but with fewer crowds and often a more attractive setting, as well as great value. The marks of Balkan culture are dotted across Bulgaria's diverse landscape. Medieval villages, striking churches, ancient ramparts and picturesque castles can all be seen in the hills and valleys. The country's main cities are fascinating, vibrant and historic. Sofia boasts an array of architecture from Roman, Ottoman, Byzantine, Revival, Turkish and Slav influences, while Plovdiv contains one of the fines Roman amphitheatres in Europe. Head to the mountains and you can find property in Bansko and property in Borovets; Bulgaria's popular ski resorts which are fast gaining a reputation as some of the best pistes around. There is a great range of property in Bulgaria.

Why Bulgaria?

Macroeconomic stability:

  • Political and economic stability
  • Sustained GDP growth of 4.7-4.9 % per year
  • NATO membership achieved in 2004
  • EU membership set for 1 January 2007
  • Very competitive labor 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
  • Strategic geographic location
  • Full national treatment of foreign investment

Top tourist destination:

  • Bulgaria voted No. 4 tourist destination worldwide by The Washington Post
  • 22% average annual growth of tourist arrivals for 2002 – 2004
  • 43% year-on-year increase in British tourists for 2003
  • Well developed and constantly improving summer resorts
  • Excellent skiing opportunities with guaranteed winter snowfall
  • Unbeatable prices guaranteeing best value for money holidays
  • 1600 thermal mineral water springs
  • Rich historical and cultural heritage
  • Easy access from Europe

Booming real estate sector:

  • 25% price growth in the last 12 months
  • Still lowest real estate prices in Europe
  • Strong year round corporate letting market in Sofia
  • Dramatic increase in demand for quality accommodation at Bulgarian resorts
  • Strong drive for property purchase from Bulgarians living abroad
  • Bulgaria on the agenda of top European real estate investment funds