Basic facts about Bulgaria

  • Territory - 111000 sq.km.
  • Population - 8,228,006
  • Official language - Bulgarian. English, German, French and Russian is spoken in the country`s resorts, hotels and restourants.
  • Bulgaria has recently joined NATO.
  • The currency is stable and linked to the Euro.
  • Sustained GDP growth of 4.7-4.9% per year.
  • The Black Sea coast boasts 220km. of sandy beaches.
  • The Black Sea coast has over 1700 hours of sunshine from May to October
  • The diverse geography and climate allows both ski and beach resort.
  • The Bulgarian people are one of the most ancient. The Bulgarian state was founded on the present-day territory of Europe in 681 and since that time the name of the country has always been the same.
  • Property in Bulgaria

    Property in Bulgaria is the fastest growing asset in the country. Last year property prices in Bulgaria have gone up by more than 25 % in general. Some properties have gone up by 50 % for a year, especially in Sofia, the Black Sea beach resorts (Sunny Beach) and in the ski resorts (Borovets, Bansko). The improved economic conditions, political and social stability in Bulgaria over the last three years have brought about a boom of property price. Another important factor for the rising property market is the huge tourist potential. There are great natural attractions - high mountains, a beautiful and clean Black Sea coast, unspoiled rural areas, minimum urbanization, thousands years of history. Nowadays Bulgaria has the fastest growing tourist industry in Europe. 

    About Bulgaria

    Bulgaria is one of the oldest European States with 13-century-old history and traditions. Modern Bulgaria is situated in Southeastern Europe, in the Balkan Peninsula - a busy crossroad of ancient cultures. It is also known for its picturesque nature and rich cultural heritage 9 of which are assigned by the Convention concerning the Protection of the World Cultural and Natural Heritage, adopted by UNESCO in 1972. According to the statistics, the country ranks third in Europe only after Greece and Italy for the number of its valuable archeological monuments. The moderate continental climate in the centre of the country and the Mediterranean in the south costal parts bring sunshine from May to October on the Black Sea coast, while on the mountains there is snow from November till April. The hospitality of the local population and the guaranteed tranquillity are excellent prerequisites for a memorable vacation in Bulgaria. The country offers facilities for cultural, eco- and rural tourism, seaside vacations, balneological treatments and spa programs, ski tourism, business and congress tourism, etc.

    Economy

    Why to invest in Bulgaria?

    • Clear-cut priorities for EU and NATO Accession, supported by the active position of the Government; 
    • Stable and predictable business and political environment;
    • The lowest operational costs and tax rates in Europe;
    • Industrial goods traded duty free between Bulgaria and the EU, EFTA, CEFTA and Turkey;
    • Transparent and rapid privatization process - by virtue of the Law on Privatization and Post-Privatisation Control (March 2002) the state-owned stakes in some 1,600 enterprises are declared open for privatisation;
    • Strategic geographic location, natural gateway to the large markets of CIS, Asia and North Africa. Attractive infrastructure projects in transport, telecommunications and energy;
    • 10 % corporate income tax rate  (January 1-st, 2007);   
    • Acquisition of land and property through Bulgarian registered company with 100% foreign ownership;  
    • 58 treaties for avoidance of double taxation;
    • 56 agreements on mutual protection and promotion of foreign investment;
    • Excellent climate, natural scenery, food and hospitality.

    Real estate Market in Bulgaria

    • Offers a strategic location with inexpensive and direct access to the markets of Europe and Middle East, low cost manufacturing, and a strongly business-minded government;
    • Bulgaria's recent accession to the EU has vastly increased its attractiveness to holidaymakers as well as investment property buyers;
    • Expected greater demand for property upon the adoption of the Euro in 2011;
    • Low prices continue to be the main attraction as the market stabilizes - up to 30% to 40% lower than Poland, Hungary and the Czech Republic; and three times lower than Spain and Italy;
    • Successful industrial restructuring and continuing development of infrastructure lead to a boost of investment grade rating since mid-2004 - around 8% to 10% rise per year;
    • Rising prices mean that investments in Bulgaria provide excellent returns in the long-term, especially properties bought in areas that are predicted to become more popular over the next decade.

    South Black Sea Coast

    The Bulgarian Black sea coast is divided geographically by Emine cape (the end of the Balkan range)  into Northern and Southern one. Along the South Coast the potential to invest in the most recent developments, at very economic prices, presents a great opportunity for those who are looking for investment purposes or summer holidays away from the noisy, overcrowded beaches in the North.

    An additional advantage of the South region is its warmer sea (1-3 degrees than in the North) and longer period (from May till October) with temperatures higher than 20 C. The area has some of the best virgin beaches on the Black Sea and just a few kilometres away, against the backdrop of the Strandja Mountain National Park, lies the Ropotamo River nature reserve, where river cruises run into the heart of a forest landscape. The developing area has a high potential for corporate activities such as company seminars and meetings, training events and team-building in the natural beauties of the landscape rarely seen in the North. This can provide high occupancy out of the active summer season and will bring greater rental income for owners. The expected investment return from rental is around 6-8% yearly.

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