Bulgaria is situated in Southeast Europe in the eastern part of the Balkan Peninsula. The country borders Romania to the North, the Black Sea to the East, Turkey and Greece to the South, Serbia and Macedonia to the West. The river Danube forms the country’s northern frontier and provides quick access to Central Europe. The average altitude is 470 m.
Geographic coordinates: 43 00 N, 25 00 E

(Provided by "get.info.bg")

The land of roses, Bulgaria, is a small country of ancient culture, scenic beauty, friendly people, hospitality and warmth. Bulgaria is situated in south-eastern Europe. It occupies the central part of Balkan peninsula on both sides of the Balkan Range (the Balkans), from which the peninsula has taken its name. The grater part of the northern border with Romania passes along the Danube, and the eastern border is the Black Sea. The land borders with Yugoslavia and Macedonia to the west, with Turkey to the south-east, and with Greece to the south.

Bulgaria is a beautiful mountainous country, with tourism opportunities being one of its biggest assets. Bulgaria possesses beautiful landscapes and beaches, and is becoming a real resort paradise. The Black Sea Coast on its East border is famous for its fine sanded beaches, and perfect temperatures of water and air. The larger seaside resorts draw huge crowds of tourists from Western Europe, who come attracted by the low prices.

Further, Bulgaria has around 600 natural mineral springs, with water temperatures ranging from 20 to 60 degrees Celsius, whose baths and health spas are famous tourist attractions. There has been very little done, however, as far as development and improvement of facilities. Bottled spring water presents wonderful under explored opportunities as well. The spring water is rich in mineral elements and often runs unattended.
 

Tendencies in Bulgarian real estate market

(June 2005- Provided by 'Radio Bulgaria')                                                   »Submit a Request...

During the last few years Bulgarian real estate market has caused a real shock. According to some real estate experts' opinion if until last year it has been considered a developing one now it can be defined as a mature, well developed market with growing tendencies similar to those in some European countries. Statistics show certain rise in peoples income which is among the major factors for bank credit loans, and this is one of the reasons for stirring the real estate market. On the other side the credit interest rates are decreased because of the strong rivalry among the banks thus making them even more attractive. After this price shock the experts expect the market to get stable and the forecast for the following 12 months is for a moderate price increase by 5 to 7%, this concerns mostly the new buildings and the new luxury living accommodation. A price rise of 15 to 20% is expected for houses, land spots and villas in the winter ski resorts such as Bansko and Borovets, as well as along the Black Sea coastline. A price fall for the panel and low quality buildings is also predicted.

Mr Deyan Kavrakov, manager of Adis Co., thinks that the building companies should get an advice from the experts monitoring the comparative research data of those Central European countries which have been through similar periods so they could forecast the coming processes as it tends to balance at some stage.

Mr Hristo Iliev, manager of Address Holding Group, predicts that regions offering lots of building possibilities will keep the same prices while those with limitted building plots will become more expensive. The quality of the newly built apartments and offices will also affect the real estate market as a whole. There is a tendency of an aggressive approach on behalf of a number of European an American investment funds as well as banks and retirement funds towards the Central European markets which reflects on the Bulgarian and Romanian markets too. Big market chains like Billa, Metro, Kaufmann, Hit and Practiker have also invaded our market and they need vast areas for their shops and storage buildings.

All this as a whole will create new job opportunities as more and more business offices and industrial buildings will be opened and more people will increase their income.

Article by by Milka Dimitrova

 

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Bulgaria Offers Very Attractive Property Investment Opportunities

(November 2004- Provided by 'novinite')                                                    »Submit a Request...

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.

Bulgaria is 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 only €8...

 

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