Why Bulgaria?
There are several countries both in Europe and across the world that are vying for your investment capital. From the beaches of the Caribbean to the mountains of the Alps or from the solitude of the Indian Ocean to the unexplored regions of China, it seems all the locations offer fantastic reasons to buy. None, however, has the sheer number of positive factors that should compel you to buy in Bulgaria.
Primarily the consistent annual returns of 30% in property prices, with certain areas doubling in value in just a few short months, and the low cost level of entry at under €5000 makes this country an unequalled investment option for everybody. There is however so much more. The full explanation of the fantastic benefits Bulgaria offers is contained in the free eBook 'The Five Reasons You Must Invest In Bulgaria', which can be accessed by clicking here. They are briefly summarised below:
· Mass Publicity . It seems all the mainstream press, specialist publications and even national television are constantly highlighting the increasing popularity of this wonderfully diverse country. This growing attention is enough on its own to drive prices upward.
· Increased Accessibility . In 2005, for the first time, all the major tour operators will offer package holidays to Bulgaria. The low cost carriers are also all negotiating to fly to the country with prices to be as little as €60 return. The travel industry is predicting visitor numbers from the UK alone to top 1.2 million by 2007. A twelve fold increase from 2002. The glowing testimonials from returning holidaymakers are fuelling the property boom.
· Bargain Cost . Off plan prices in Bulgaria are currently around €700, €1000 and £1300 per square metre. for city, coastal and ski investments respectively. These prices can sometimes be as little as 25% of the cost of similar Spanish or Portuguese developments. The real bargains though are to be found in existing or resale properties where prices are often under €100 per square metre . You can acquire houses for less than €5000 including land which offer the greatest room for capital growth.
· Safety Of Investment . Bulgaria is a full member of NATO and incredibly close to becoming a full member of the EU community. Economic growth, currently at a very healthy 4.8%, has been stable ever since the fall of Communism and a restored democracy has been established since 1989. The country has no history of religious or ethnic conflict and is welcoming to all races and faiths. Most importantly, unlike several parts of Europe, Bulgaria has no recent history of civil wars, meaning there are no land ownership disputes and your property is entirely safe.
· EU Accession . Bulgaria will become a full member of the EU in 2007. There will be a mass of investment both internally and from the European community as a whole. Traditionally, property prices have surged after membership is attained, Spain has seen prices rise by 1600% since accession and prices in Budapest have risen 300% in just three years, to achieve parity with other member states. The incredibly low prices in Bulgaria offer the greatest opportunity for growth yet. With full EU membership just months away, the time for you to achieve maximum capital returns is now.