Bulgaria is in the South Eastern corner of the Balkans flanked by Turkey, Macedonia, Serbia and Montenegro, Romania and the Black Sea.

It’s time is 2 hrs ahead of GMT and the flight from the UK takes about 2 ½ to 3 hours.

• Economists look for in predicting growth percentage of mortgage lending to total credit supply. In developed countries the norm is 15%. Bulgaria it is currently 5%.
• Friendliness" of the ruling regime - the government’s policies are wholly geared towards encouraging foreign investment and harmonisation with the European states.

The time to invest for capital growth in an emerging market, whether it be in property or any other commodity, is in the early stages of the economic cycle.

Whilst not possessing a crystal ball, we believe Bulgaria is an emerging economy and worthy of investors’ attention. Unfortunately we are by no means alone. So if the time is right for you it makes sense to strike while the iron is hot rather than wait until the market peaks.

According to our research property prices in Bulgaria during 2003 rose by an average of between 24% and 28% They may have increased very significantly more than this in some areas – reported to be as high as 100%. We believe there is a long way to go yet as prices started from a very low level.

For prices to rise in any market certain factors have to be present at the same time and it seems to us, and many other commentators, that a number of these exist at present. Indeed the evidence of price rises over the past few years, as Bulgaria has begun to mature as a democratic state and be discovered as a holiday destination, is already there.

• One factor that property economists look for in predicting growth is the percentage of mortgage lending to total credit supply and in developed countries the norm is 15%. In Bulgaria it is currently 5%.
• Another issue is the "friendliness" of the ruling regime to foreign investment and it is clear the government’s policies are wholly geared towards encouraging foreign investment and harmonisation with the European states. The policies are consistent with Bulgaria’s acceptance into NATO and anticipated membership of the EU in 2007, when asset values are really expected to soar.
• As a practical process buying real estate in Bulgaria is now much easier and a qualified notary is instructed to ensure clean title is obtained.
• Property and land prices even after recent rises are still good value compared with other European countries, but they are moving fast. One of the major Black Sea developer told us: "The prices of apartments in the sunny beach region (the most popular tourist area on the Black Sea off Bulgaria) were 700Euros per square metre whereas they are now about 1500Euros and in 2007 when we join the EU they are likely to reach 2500Euros."
• Tourist development on the Black Sea is taking off like never before. This will eventually be pegged as land becomes more scarce and there will arise a shortage of supply.

The press has recently commented on the population of Bulgaria and "A Place in the Sun" has really put the country on the UK property investment "map".

Telegraph 2 May 2004
"Look before you leap"
Read it here

Telegraph 23 June 2004
"Wonderful view, terrible prospect"
Read it here

So, we believe Bulgaria is a property hot spot and very much worth a look. We can show you opportunities and assist you through all stages of the process of acquiring the investment and managing it thereafter if you so choose.

What is my Bulgarian/investment strategy?

We believe the best options are as follows:

1. Buy off plan on a new development on the coast or in the ki resorts with a view either to selling on before completion or letting and using it yourself after completion
2. Buy for holiday or residential letting

Which you decide is really a matter of personal choice and we will be delighted to help you with either option. However there are some very nice new builds that are extremely popular with investors at the moment and selling like the proverbial "hot cakes".

What to do next

Please browse our portfolio or email us your requirements and we will be more than pleased to help you.

These are moving so fast you will need to contact us for current availabilities.

Then go to how do I proceed, for a step by step guide on the investment set up process.

step by step

1. Confirm your interest by email letting us know which property you wish to consider and transfer 500 Euros in the developer’s bank account to ensure it is taken off the market for 2 weeks.
2. Let us know if you wish to view and we will discuss the viewing arrangements with you.
3. Confirm by email your offer to purchase.
4. Upon confirmation from the developers we will send you a "preliminary contract" (and put you in touch, if you wish, with an English speaking Bulgarian lawyer for advice on the telephone)
5. When you are happy, sign and send back the contract with the deposit in Euros to the address shown on the contract.
6. Pay the installments as and when due.
7. Upon completion of the building works visit the notary to sign the transfer documentation and transfer over the balance of the purchase price.

Click here to contact us.