Property investments
Bulgaria: drawing the lion's share of speculative investment market.
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354km of Black Sea coastline, to 37,000km
of hiking paths in the mountains, to a ski scene that rivals the Alps in beauty
whilst being far cheaper, is enough to draw property investment in Bulgaria, for
residential and speculative purpose alike. Moreover Bulgaria has one of the most
rapidly developing economies in Europe.
4.7% increase in the housing
prices in a single quarter is self-conclusive of the fact that Bulgaria is a hotspot
now. Many of the property investors in Bulgaria have made up to 120% of profit
within a span of two years, and properties as a whole has drawn double the investments
in the last one and a half year.
Tourism is boosting the property
investments in Bulgaria.
The ski resorts of Bansko and Borovets
continue to draw a huge amount of interest from property seekers, as it is speculated
that the tourism is going to increase 7.5 folds within the next 4 years. This
has prompted to significant construction projects now underway to accommodate
the demand.
Investing in property in Bulgaria.
Buying a
property in Bulgaria is not a very complicated issue. Once the property is decided,
good property agents take care of securing the property exclusively for you after
the signing of the preliminary generally of sale with the agent and payment of
ten percent.
Signing the notary act can be organized in Bulgaria or even
can be done in the Bulgarian embassy in London in front of a Bulgarian notary.
In cases of planned developments, the final notary is signed only after the completion
of the construction of the building.
Property investment in Bulgaria
has been analyzed and recommended profitable by many well-known organizations.
Bulgaria was declared top overseas property hotspot in a London consultancy ranking
that compared the total return on cash in real estate markets.
Sunmed
Estates UK property agents - Property for sale in Spain, Portugal, Turkey;
Cyprus: Sunmed Estates, UK property agents
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