Bulgaria - Luxury Real Estate
Bulgaria Real Estate - Bulgarian Coastal Resorts to Mountain hideaways - Bulgaria is a land of choice
Bulgaria is a beautiful, sometimes challenging, interesting and engaging country. Bulgaria emerged from a communist regime on 10th November 1989 and since then the country has experienced rapid change and continues to develop. Similar to many developing countries, there is much to learn and experience; if you intend to visit Bulgaria for a short or extended period of time the following description will give you a brief idea of the country.
Location:
Situated in southeastern Europe, Bulgaria occupies the northeastern part of the Balkan Peninsula. To the East Bulgaria touches the Black Sea. To the South its neighbours are the famous Greece and Turkey. Romania is to the north, much of it denoted by the River Danube, and Serbia and Macedonia are Bulgaria's neighbors to the west.
Key Tourist Locations:
From a tourism perspective, the most popular destinations are those on the coast and several skiing resorts . The Black Sea Coast is dominated by the larger more successful summer resorts such as those at Sunny Beach, serviced by two main airports at Bourgas and Varna. The mountain destinations have grown in popularity substantially in recent years, the most successful one being at Bansko. From investor's point of view the capital Sofia is becoming one the most attractive destinations in Europe serviced by Vrajdebna airport.
The opportunities presented by the new Eastern European markets have drawn two types of buyers: those looking for city-centre buy-to-let properties and those attracted by holiday properties with letting potential. And naturally Bulgaria Real Estate offers both of the opportunities. . It is host to what will be one of the most dynamic and as of yet relatively untapped property and real estate markets.
Large variety of property available for sale in many areas of Bulgaria. The Republic of Bulgaria, located in south-eastern Europe and sharing borders with Greece and Turkey among others is on its way to turn into the Riviera on the Balkans. With its continental climate Bulgaria attracts Summer tourists with its beautiful and unspoilt white beaches along the Black Sea coast and Bulgaria's long hot summers.
Winter tourists are drawn to Bulgaria's stunning mountains and fast developing winter sports resorts along with the other attractions Bulgaria can offer-preserved rural areas, beautiful countrysides, minimum urbanization, thousand years of history. Thanks to its southern location the region of Burgas is especially pleasant. Also, within less than a thirty minute drive from Burgas are the popular holiday destinations of Sunny Beach, St.Vlas, Sozopol, Primorsko, and Nessebar. Other areas covered are Bansko and Sofia.
Bulgaria Real Estate
Bulgaria joining the EU is also likely to mean an increase in land and property values over the coming years. As meeting EU regulations often incurs more costs and expenses it inevitably means these costs are passed onto the sale value -- meaning land and property values can quickly rise simply due to increasing costs, regardless of the law of supply and demand.
Bulgaria joining the EU also means that improvements in infrastructure such as roads and connections to main towns and villages need to be made. Again, this can mean an increase in land and property values as places become more accessible and appealing.
So Bulgaria actually joined the Union in 2007, but the transition will not be fully complete until 2014. This means that there is still a small window to buy land and property at highly competitive prices. There is every chance that these values will steadily increase over the coming years.
Bulgaria being part of the EU should also mean that overall standards and practices increase and improve, including things such as building regulations, infrastructure and legal processes.
Bulgaria has already experienced a boom and bust due to short-term investors. However, it is now showing very promising signs of once again becoming the hidden gem of the EU when it comes to land and property investment.
