Now has never been a better time to invest in Bulgaria, with recent times having seen record property sales registered. Holiday apartments in Mountain Ski Resorts and Black sea Resorts have increased by up to 40% in the 12 months to Dec 2004. Forecasters expect prices will continue to increase 15%-20% annually.
Bulgaria’s tourism sector is well established and has recently become one of the fastest growing tourist destinations in Europe. The number of tourists visiting Bulgaria is expected to reach 4.4m in 2007 and as tourism continues to grow exponentially, rental opportunities for the right property are high.
The country has a number of unique features in its favour:
Joined EU in Jan 2007
Rapidly emerging property market
The currency is stable and linked to the Euro
Full member of NATO
Established and fast growing tourist industry
Rapid economic growth ahead of EU membership
Property prices currently rising at up to 20% p.a.
Budget airlines expected to start servicing the Black Sea coast and city regions from mid-2007 or 2008
We understand that obtaining the best finance deals for your investment can be the “make or break” of your purchase. Therefore we have selected for your information highly qualified Mortgage Brokers which will be able to offer you the most suitable finance deals for your personal requirements. This broker has experience in providing finance for USA/Overseas mortgages and also re-mortgages. Giving you the best options to make your overseas investment cost efficient. We also recommend an independent money exchange service based in the USA that can give you the most competitive rates on your currency exchange. Often much better than banks can offer.
The climate in Northern Bulgaria is moderate continental, while the climate in Southern Bulgaria is intermediate continental tending to
Mediterranean. The climate in the regions with an altitude of 1900-2000 m above sea level is mountainous and along the Black Sea coast it is maritime. The climate of the seaside regions is milder in the winter and cooler in the summer than the climate of the interior of the country. The average annual temperature is 10,5°C, in winter about 0°C. The lowest temperature - 38,3°C - was measured in1947.
Marked by four distinct seasons, Bulgaria enjoys a generally favorable climate that is one of the country's best features. Although located at the same latitude as southern New England, Bulgaria's climate is noticeably more temperate. Summers are typically hot anddry, but rarely oppressive, with moderate relative humidity. Winters are cold but not bitterly so. In the south and Black Sea coastal regions, Mediterranean influences temper the harsher continental climate of the interior. The country's half-dozen mountain groups also play a significant part in determining regional variances.