WHY INVEST IN BULGARIA
In 2015 the trend of demand for properties in the major cities has grown and new trend started for Bulgarian market as properties by the sea and in the ski resorts showed big interest due to very attractive prices. According to an annual TripAdvisor
cost comparison study of 42 selected resorts, Bulgarian ski resort Bansko and Eastern Europe in general offer the best value for skiers and snowboarders this season (www.telegraph.co.uk, 04 November 2015) British Developments also spotted an increased interest to properties from British buyers and Bulgarian, but also the outflow of the Russian buyers and we expect this trend to evolve in 2016.
, bit cities will stay at a competitive prices, but with highest return of investment. In the big cities the properties will be bought by both first-time buyers and as an investment – a trend that started in late 2013 and will continue in 2016.
Investing in property in Bulgaria has proven to give benefits to the investors and big companies who already decided to outsource their businesses here.
First, we should note that Bulgaria has evolved into “first choice not only for global high-tech companies, but also for travel, financial and games companies of the rank Fortune 500 & 1000” (telusinternational-europe.com)
Thousands of Brits have bought properties and many of them have relocated Bulgaria as it is only 3 hours away from the UK by plane. Also, English language is studied by 85% of the students in Bulgaria, which makes it very favorable destination for english speaking investors. Other languages that are well known by Bulgarians are Russian and German, as well as other European languages.
Prices of properties in Bulgaria are at a stable price comparable to the period from 2013 when there was extreme interest from Russian buyers and the closing costs are only 8% of the price.
Weather is nice as there is plenty of sunshine throughout the whole year, especially in the resorts area, and when you like to go snowboarding, the mountain Resorts are only 4 hours from the Sea.
If you are already interested to buy a holiday home in Bulgaria or invest – we, from British Developments, are here to help you with tips finding your new home or investment.