Why Buy Property in Bulgaria...                                  »Submit a Request...

1. Property prices in Bulgaria rise annually by 25-30% for the previous 3 years (source: the official Bulgarian Real Estate Market Index /REMI/)

2. Bulgarian properties will continue to appreciate in value due to:

   • Increased foreign direct and indirect investment in Bulgarian real estate;
   • EU accession in 2007;
   • Effective Bulgarian membership in NATO;
   • Growing economy with currency tied to EURO;
   • Expanding tourist industry
     • Bulgaria is said to be the fastest growing holiday destination for 2004 (Evening Standard and Washington Post articles)
   • Stable macroeconomic indicators:
     • GDP growth 2003 - 5%;
     • GDP growth 2004 Q3 - 6%;
     • Improved credit rating: BBB;
     • Dropping unemployment rate:
       • 2003 - 16%
       • 2004 (3rd Quarter) - 12%
   • Competitive mortgage lending market;
     • Decreasing interest rate trend;
     • Current mortgage interest rates of 8.5% provided by local banks;
     • Alternative real estate financing on the rise - Existence of REIT Legislation;
3. Tax legislation stimulates property investments
   • Low property tax (just 0,15% of the property value per annum)
   • Double tax treaties with 55 countries
4. Bulgaria is a comfortable place to live
   • The general cost of living is one of the cheapest in Europe;
   • Political stability;
   • No ethnical or religious conflicts;
   • The diverse geography and climate allows both ski and beach resorts
   • People are amazingly patient and helpful to foreigners.

Of course, to many, quality of life is more important than financial reward. This is exemplified in the beautiful sweeping sandy beaches of the Black Sea coast, the rugged mountainous regions perfect for walking and the majestic and challenging ski slopes. Bulgaria truly is a largely undiscovered gem.