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Bulgaria good for property and retirement

Two recent reports highlight Bulgaria as an excellent choice for both property and retirement. Global Post has listed the country amongst its best budget retirement locations in the world. Indeed Bulgaria was the only EU country to make it onto their top selection which was based on the cost of keeping up an international lifestyle.



Global Post (globalpost.com) cited quaint villages and long, sandy beaches as one of the reasons for opting for Bulgaria for retirement, along with the low cost of living. The report went on to add that the country also provides easy travel to other European destinations but that living in Bulgaria will cost much less than elsewhere in Europe.

In a second report, from Property Venture (property-venture.com), an independent UK based agent for overseas property buyers, Bulgaria makes their list of top property destinations for 2010. Property Venture say 'with some of the major economies around the world struggling to shake off recession, investors might be wondering where to find an attractive overseas property market, or whether such a thing still exists at all.'

The report continues to say that off the beaten track destinations have more year round attraction than sea and ski; and that whilst lower loan to value mortgages are offered now, most buyers are still coming from countries where the crisis has hit hardest, the UK and Ireland.