Archive for March, 2009

By Zhelyazko Georgiev

The east side of Bulgaria consists of the Black Sea. Bulgaria having the Black Sea as a coastline opens up an investment opportunity in beach resorts and the towns around them for Bulgaria and many people interested in investing in Bulgaria. Should you take the time to look you can find many wise investment opportunities in these Beach Resorts in Bulgaria. Some resorts are more popular than others, but all have great investments waiting to be found.

The most popular international beach resort in Bulgaria is Sunny Beach. This resort has many investment opportunities that thrive off of tourism. Sunny beach is the longest and widest strip of beach in Bulgaria and is full of hotels and plenty of property. Sunny beach has the opportunity for investment because of the fact that there is private land available for more hotels to be built. Then there are the holiday villages so that families may have the opportunity to invest in apartments and maybe rent them out.
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The Spanish property market is cooling in many areas such as the Costa del Sol so you need to buy sensibly and make sure that you are buying good value properties in areas that have still to see the large capital growth over the coming years. I believe that in Spain such areas as Costa Almeria, Murcia, and parts of the Costa de la Luz continue to offer great value but you must still be aware of the factors that will influence your return and your ability to sell the property on.

In Bulgaria there are some fantastic gains to be made but again I would exercise a degree of caution. Having just returned from Bulgaria last week, it concerned me just how many people are piling into areas like Sunny Beach which, frankly, look to me massively overdeveloped already. When combined with fairly low build qualities and a fairly downmarket feel, I wonder to whom all these investors (many of whom are buying off plan for the first time) are going to sell to in 18 months or so. The same applies to Bansko, which I have been told is already at capacity as far as numbers of people the resort is able to cope with on a day to day basis.
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