Property in Bulgaria

Should I buy property in Bulgaria? More and more Russians are asking themselves this question. Russian real estate market studies have shown recently that one in seven people in Russia is planning to buy a home in the next few years. But buying property in Bulgaria in the first place means a great investment. This is so because: 1. 1st January 2007 Bulgaria joined the European Union.

This immediately led to both enhance the growth of foreign investment and to increase in the price of real estate in Bulgaria. In 2007, the average price of property in Bulgaria per square meter increased by 28% compared to 2006 – thus Bulgaria ranked second in the world prices for real estate. And yet – Property in Bulgaria continues to be one of the cheapest in the world. Besides membership in the EU means for Bulgaria primarily economic stability, development and long-term predictability. 2. In 2010, Bulgaria will take the euro as currency. This means that the next increase will be followed by real estate prices in Bulgaria. Experts' predictions show the expected rise in real estate Bulgaria about 50-55% over the next 3 years (2008, 2009, 2010).

3. Bulgaria is famous for its hot summer sun, unspoilt beaches on the Bulgarian Black Sea coast and the mild climate. The average summer temperature – about 25-27 degrees, the average winter temperature – 8-10 degrees. Thus the country is one of the best places to stay all year round. Buying an apartment in Bulgaria and obezpechit you the opportunity to profit by renting an apartment to rent in summer or kriglogodichno. 4. And the Bulgarians use the Cyrillic alphabet and Russian, Bulgarian language is close to tserkovnoslovyanskomu language and thus – in Russian language too. All this is enough, that would turn the country into a place of profitable investment.