This makes the real estate market in Bulgaria one of the strongest and most profitable property investment markets currently.
Incredibly, Bulgaria is now the third most popular holiday destination after Spain and France for British holidaymakers looking for beach holidays and those interested in finding first class under inflated ski resorts.
Summer tourists are attracted to the beautiful white beaches along the Black Sea coast and Bulgaria’s long hot summers. And winter tourists are drawn to Bulgaria’s stunning mountains and fast developing winter spots program. More and more, tourists and foreign investors are being attracted to the incredible offers and bargains in the real estate market in Bulgaria as well.
| Those who feel they have missed out on the real estate booms in Italy, Spain or Florida for example, and those who cannot afford the over-inflated Spanish and French markets are overwhelmed with the opportunities for property investment in Bulgaria and are also attracted by the fact that overall legal costs and property running costs in Bulgaria are far lower than those in the rest of Europe - for example the Bulgarian equivalent to council taxes or rates are only £25 to £30 per year! |
Foreign investors are not put off by the fact that they are not legally
permitted to own land in their own name - they simply establish a Bulgarian
company and purchase through that. As the legal owner of the Bulgarian
company which owns the property the foreign purchaser becomes the legal
owner of the property! It is simply a legal way around the current
law on property ownership rights. The laws are set to change as Bulgaria
comes in line with EU policy ahead of its expected ascension to EU
membership in 2007.
Information courtesy of Shelter
Offshore Investment Publishing
Full details about the ‘Super Borovets’ project, price madness
in Bansko, golf developments in Bulgaria, and new apartments in Bansko
and Borovets can be seen at the Bulgaria Properties Ltd web site www.BulgariaProperties.net.
You can e-mail questions to advice@BulgariaProperties.net,
or, if you have no Internet connection, call the company (in UK) at 0871
226 2296 to order a free 30-page hand-out, or just for a chat, if you
prefer. They always have time for you.
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