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Where to Buy

With a superb choice of property at affordable prices, low cost of living in Bulgaria, friendly people, miles of beaches, stunning ski resorts, breathtaking countryside, pretty villages and towns, healthy climate ... it’s hardly surprising that Bulgaria is a property hotspot!

Interest in Bulgaria started a few years ago after ‘Channel Four’ featured the country on television. Western Europe became expensive and the cost of living too high, especially in the UK, France or Spain; some Eastern European countries considered too cold, with a variety of problems... so Bulgaria became the serious choice.

With the country being seen as a stable place in which to invest, initial attention was firmly centred on the Black Sea coast, mostly Sunny Beach which was well known for package holidays, then the ski resorts.. but more recently inland destinations have started to gather considerable interest.

So, what does Bulgaria have to offer the overseas property purchaser and where to buy?

Sea

The Black Sea coast naturally remains ever popular but buyers beware - there is some poor quality work. Buying the cheapest property in the best development which has given thought to its setting and on-site facilities is the best advice. Try to purchase front line. Be careful of over-supply in some areas.

There has been far less development furhter along the southern coastline. Canny buyers have been searching here where construction is expected to be controlled and should reflect more the original authentic nature of Bulgaria, without the high-rise buildings so prevalent along Sunny Beach.

Hotspots: Balchik, Sozopol, Ahtopol

 
Ski - for savvy investors 

Prices have fallen dramatically over the past few years so if you are been looking for properties in the ski resorts get ahead of the game. Buy next to the gondola.

As more buyers purchase property on the slopes, Bulgaria’s ski resorts, with uncrowded pistes and low prices, are well placed to compete with the traditional ski destinations of central europe. Be careful in Bansko where there is over-supply, although with tightening planning restrictions now, the situation is improving.

Hotspots : Borovets, Pamporovo, Smolyan

 
Golf

Iternational golf courses arrived with designs from Ian Woosnam, Gary Player and others. May become a golf rival to Spain, even if the playing season is shorter.

Combine a ski or sea purchase with one of these new golf courses nearby and you can see why there is such a surge of interest.

Our particular favourite for its breathtaking location is Thracian Cliffs. This is also one of the few links courses in the world.

 
The Capital City

Sofia is one of the cheaper European capitals to buy and live. With terminal 2 at the international airport, access is easier and passenger traffic increased.

Property prices in the capital have also fallen so offers buyers excellent value, and with the high population and foreign investment it offers good rental potential. Try to make sure you buy a garage with the property as parking in the city is a nightmare.

Most popular areas currently - Doctors Garden, Bulgaria Boulevard, Quarters of Lozenets, Simeonovo ,Boyana Dragalevtsi and others.

 
Towns, Villages, Mountains and Rural

Throughout Bulgaria, towns with excellent architecture are having a renaissance amongst foreign purchasers. The villages surrounding these towns are seeing increased purchases as buyers realise they can have the lifestyle choice they wish - a slice of rural life and tranquility at a low price yet still be close to facilities.

The magnificent nature of the countryside is one of the big draws, often reminiscent of England in parts with rolling hills, small wooded valleys and arable land; other areas like the wilds of Scotland with high forests, mountains, craggy rocks and deep gorges.

One of the main areas yet to draw real attention is eco / sustainable tourism - a future tip! Bulgaria has many treasures to attract the individual and, usually, higher spending traveller: monasteries, spa centres, Thracian ruins, ecology, wildlife, museum towns.

Avoid towns and villages which are run down, rather select those with facilities (shops, doctor, dentist,

school, hotel, restaurant, bar, etc). When selecting the town or village, consider access from airports, nearness to the coast, ski, golf or a city.

Hotspot towns and their surrounding villages : Sliven, Veliko Turnovo, Svoge, Sandanski, Melnik, Kotel, Medven, Elena, Tryavna, Gabrovo

 
Bulgaria Has Everything

Rarely do so many factors come together in one country for overseas property buyers which answer their questions and demands.

Bulgaria prices remain great value 

A starter price for a brand new coastal apartment is 30,000 pounds and a two bed from 55,000 pounds. Rural houses can still be had from under 10,000 pounds for renovation and from 20,000 pounds renovated. Studio ski apartments in a good development with facilities about 15,000 pounds.

The cost of living in Bulgaria is remarkably low - so, whether you are buying a holiday home, buy-to-let or moving to Bulgaria, you and your guests will find excellent value for money.

Return on investment in the residential/holiday home market is 5 to 10% depending upon location and quality of the property. Anticipated property price increases are 10% to 20%, again subject to the property's location, access to facilities and quality.

There are more direct flights than ever to Bulgaria after low cost airline carriers started to arrive in 2005 with overall airline ticket prices down.

Bulgaria is an excellent choice for European property and a magnificent country with low prices and good  investment.