By: Jain Goodall

Many British and Irish purchasers consider buying property in Bulgaria as a holiday home but with the idea of renting it out for some of the year to help cover some of the costs. Some may be thinking of buying now and renting it for a few years with a view to retiring there later. Others, just buy as rental investment.

Any of these options can work well, and do for many, but what should you be looking for in a property you intend renting?

Location

The words location, location, location as ever apply – location is crucial. If you are looking to successfully rent your property it needs to be in a location people want to spend their holiday. Bulgaria, although not a large country, is very diverse and even though some parts are spectacularly beautiful it does not mean that tourists want to holiday there. This may be down to access – no roads or airports too far away – but will also in part be down to their lack of knowledge and familiarity with many parts of Bulgaria and what the areas have to offer.
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by David Clayton

Bulgaria is a country of immense variety, both geographically and culturally. As a destination, the country has received widespread recognition within the last couple of years. Although Bulgaria is fast becoming one of the most popular countries for tourism, there are still many locations that have not yet been discovered – so if you are looking for an up and coming resort, this could well be the country to start your search.

Also Bulgaria’s full potential has yet to be fully recognised or achieved. With the economy growing at 6% per year and unemployment falling fast (just 12% currently), Bulgaria’s economy is quickly integrating into the EU prior to its anticipated membership in 2007. Internal investment continues apace with international organisations predicting continued economic prosperity for the foreseeable future.
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by Andrew Regan

Bulgaria is cementing its lead as an investment property hotspot for skiers and snowboarders looking to own a slice of the slopes. The country’s recent accession in the EU, together with the low prices and plentiful property facilitated by the building boom, are leading many British skiers and snowboarders to leapfrog their traditional favourite ski spots in France, Switzerland and Austria, in favour of Bulgaria’s more modestly priced mountains.

The boom in property development in Bulgaria’s best resorts have meant that brand new ski apartments can be snapped up for less than £30K. These low prices, combined with the preventive costs of getting on to the British property ladder, means that many young buyers are choosing Bulgaria for either investment property, a holiday home or a way of generating some extra income through rental returns.
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by Surrinder Ahitan

What would you say if I told you that right now you could buy a house in Bulgaria for less money than you thought? One of the first questions that may cross your mind is, “why would I want to buy a house in Bulgaria?”The answer is simple. Property in Bulgaria is some of the most inexpensive land in the European market. To top it off, Bulgaria is beautiful-with crystalline water and beautiful beaches and ski resorts. Bulgaria is being touted as a new tourist hot spot!

All Rights Reserved – Dario Traveso

Yes, it’s true. Bulgaria used to be a country that you didn’t want to visit. That is no longer the case. Now, investors are buying houses in Bulgaria to make money off of the new tourist boom. The reason you should buy a house in Bulgaria is the same…it’s cheap; it’s affordable living and the area is beautiful with temperate weather. What more could you ask for? You can buy a house in Bulgaria today for less money than you could in any other European country.
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by Tina Andlaw

World Officials predict that Bulgaria´s Property Boom is Set to Last”
Many investors are focusing their attention on Bulgaria where some of the most exciting real estate prices are still on offer. With so many temptingly cheap properties still to be found, how could you resist snapping one up?

Are you tired of the poor value for money you are getting back home? Bulgaria is the name hot on the lips of many a shrewd British investor, making the most of the great deals still available.

There is no doubt that, invested in the right location, good money is now to be made in Bulgarian property and if you decide to invest there.

The Facts:
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by Steve Avery

The phenomenal interest in Bulgarian property shown by shrewd buyers during the last two years has been compounded by a sudden surge in golf course development.

At the present time there are only three golf courses in the whole of Bulgaria: one at Elin Pelin, near the capital, Sofia, and two owned by Air Sofia. These are located at Ihtiman, opened in 2000, 40km from Sofia, and at Sliven, opened in 2004, 90km from the Black Sea.

Because of the increasingly rapid rise in foreign interest in Bulgaria recently, several more golf courses are proposed. One of these will be located at Razgrad, in the north-east, about 90km from the Black Sea. More are scheduled to open in the next few years: two at Kavarna and one at Primorsko, near Sozopol.

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by Ewan McGarrie

Property in Bulgaria is a strong favourite with British overseas property buyers who have been buoyed by the potential for high capital appreciation. Whilst there has been undoubted capital growth, 42% in 2005 according to international surveyors Knight Frank, the property market had its problems like any developing country should therefore be treated with caution.
Some of the property in Bulgaria has been of a sub-standard quality and property rental potential has been overblown. Overseas property buyers have invested predominantly in the areas of Bansko, Sunny Beach and Sofia. In the main, these areas have been overdeveloped where supply outstrips demand. The prices of many properties in Bulgaria are out-with the budget that can be afforded by local residents and are reliant on overseas property buyers who buy for investment or lifestyle reasons.

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