Bulgarian Property Market Trends

"Chicken is not a bird, not abroad Bulgaria" – was a joke in Soviet times. And because, in some degree in every joke there is a piece of the truth, it turns out that Bulgaria is much closer and accessible to Russian than Moscow and buying real estate in Bulgaria available to a greater extent than is possible in Moscow. Only two hours by plane and the Bulgarian Black Sea coast with clean beaches, low prices and decent service, ready to please your soul as well as your portfolio. Despite the fact that almost double eskperty consider raising prices of new homes in Bulgaria for the 2002nd and 2007th year, after all, and in 2008 the real estate in Bulgaria remains the cheapest in Europe. A real estate the Black Sea coast has the lowest prices among the countries with developed tourist infrastructure and the purchase of real estate on the Bulgarian Black Sea is still very profitability. Prices start from 900 euros per square meter, with which you can buy an apartment on the coast of Bulgaria, for about 1500-1800 euro per sq.m. Best Luxury and expensive apartments reach 4 thousand euros per square meter – the prices that the real estate market in Moscow long have not forgotten. With the greatest interest from foreign investors is still using the Bulgarian Black Sea Coast – Sunny Beach and Golden Sands, Varna and Burgas, on the southern resort towns Black Sea Bulgarian coast.

The danger of overpopulation, however, force some of them appeal to a small village in the northern part of the coast-strip – Krapets, Durankulak and others who have undeveloped beaches. The southern part of the Bulgarian Black Sea coast – holiday villages in Lozenets, Chernomorets, Sozopol, Kiten, Ahtopol, Sinemorets, Barbara – attract potential hunters a mild climate, clean nature and proximity to the mountain Strandzha. Prices winter resorts such as Bansko, Pamporovo and Borovets have largely approached the European one. New construction starts from 1200 euros per square meter. Tourism infrastructure, however, fully satisfies the European standards. Recently established trend moving from the investor's interest in well-known summer and winter resorts in more undeveloped sites.

Especially popular mineral springs. I must say that most of the 800 such mineral water basins in Bulgaria, has not yet been developed and used fully. Rapidly rising land prices and apartment in small towns Central Balkan, Rhodope, Rila, but still calm fans can buy an apartment is much cheaper than anywhere in the rest of Europe. According to analyzers, they will be a boom of foreign investment in the country in next few years. Anyway, do not portend downturn in property prices in Bulgaria – its economy is developing actively, the country is a member of the European Union, is to add and coming through 2-3 years accession to the Schengen area. Against this backdrop, experts predict that the trend of rising prices, about 10-15% per year, will remain as much in the next 5 years.