The Bulgarian property market has seen another huge leap in the return-on-investment rate.
It was announced that the expected return on investment had increased 21 per cent, from 116 per cent to 137 per cent, in just four months from the beginning of 2006.
This figure is set to increase as both tourism, which now accounts for 16 per cent of Bulgaria’s GDP, and businesses flock to the area. Both are looking to reap the benefits from new low cost flights and a more economical lifestyle.
Investors in the area have the added security of Bulgaria’s expected EU entry in January 2007 or 2008 which means property values are set to increase even further.
Property company experiencebg specialises in the identification and assessment of investment opportunities in Bulgaria’s Black Sea Coast and Mountain Ski regions, including The Pirin Golf & Country Club, The Lighthouse Golf Resort and Spa and the new five star resort, Crystal Apartments in Bankso.
With the EU succession, more low cost carriers heading to Bulgaria and demand for real estate ever increasing, Bulgaria is by far the best place for overseas investment.
Source: Investment International