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Investing In Sliven

Property in Sliven Bulgaria is excellent value for money as in most of the country at the moment. With all

of the makings of a potential top city, impressive architecture, vineyards, spas, golf and a scenic backdrop, Sliven so far has not yet even boasted about its secret treasure.

It does little to market its wonders, letting people stumble on them instead. Fortunately, Sliven has gradually changed from a forgotten backwater into a vibrant cultural and tourist centre with excellent real estate and property opportunities.

With construction work over the past few years of new shopping malls and office buildings giving a modern feel to the town but still preserving the original, well maintained Revival character of the city for which it is famous.

Sliven is a very beautiful town with a wonderful central pedestrianised area full of shops, cafes and restaurants, with inexpensive property in the city and surrounding villages.

One of its greatest assets is its strategic location, which offers convenient access to the south-eastern part of Bulgaria, the Black Sea and neighbouring Turkey and Greece. It has a well developed infrastructure and communications network, yet property in the area is comparatively inexpensive. There are also well established manufacturing industries like the large glass, textile and metal companies which dominate the business landscape.

For anyone considering a move to Sliven or investment here, the opportunities are countless. Reminiscent of "an inland version of Varna", when Sliven gets its act together and starts its aggressive marketing campaign, this will be an area where tourists including Bulgarians from other areas, flock to spend time.

Sliven's present economy centres on industries which have been there since the early 19th century. Indeed, Sliven used to be one of the country's biggest industrial centres and played a key role in the Bulgarian National Revival. It has long-standing roots in textiles, machine-building, glass-making, chemical production and the food industries. With the rise of Communism in the forties, many industries were nationalised; this spurred a growth in construction and development. Industry prospered during the socialist era, but declined once it collapsed; many businesses and factories were shut down and there was little innovation. Fortunately, Sliven has picked itself out of the doldrums and again has started to thrive. There has been a massive surge in the local economy with increased investment, and the emergence of new industries and banking establishments. The traditional dairy industry is experiencing a large growth in business. The wine industry is now expanding, as you'll quickly witness from the thousands of acres of vines surrounding the town; with investment from leading wine producers like Vinprom and Vini Sliven. Sliven is also home to some lucrative heavy industry including a 3MM factory, which manufactures apparatus used to cut metals. The production of electric lights and machines is also a key business here. Most of Sliven's light industry revolves around the stalwarts of textiles, especially woolen clothing and food.

Sliven has beautiful mountain scenery, and opportunities to ski in nearby Shivachevoit with a far cheaper price tag to that of the famous ski resorts of Bansko, Borovets and Pamporovo. There are ample opportunities during the summer for those who love outdoors activities such as camping, hiking and cycling too.

What your money buys

Cheap and cheerful: properties under 10,000 Euros

It is not impossible to find a rural property in need of renovation for as low as 3,500 Euros but beware; a restoration here doesn't just mean a fresh lick of paint and some tender loving care. Bulgarian renovation projects can often cost you far more than you paid for the property.

We found a bargain property at only 6,000 Euros, but in need of renovation 25 km away from Sliven. There is a paved road leading to the property making it approachable throughout winter. This is a one-storey house with three rooms connected by a corridor. There is a traditional outdoor kitchen in the garden making summer entertaining fun. There is also an agricultural building belonging to the property as well. The bathroom and the toilet are both outside. The house is fitted with all the necessary facilities, such as electricity, a septic tank and running water. Both the bathroom and wc are outside so you'd need to put these indoors. All interior works remain to be done. The garden is a large 1,200 sq.m with shrubs, trellis and vine.