The Bulgarian property market has continued with yet another huge leap with regards to the return on investment potential, with the European Union accession.
Among the reasons are:
More low cost carriers operating Bulgaria.
Fast growing Tourism industry (over 4 million visitors for 2006).
Economic grow rate of 6-7% per annum (3% is average for the E.U).
Price of a property (average) is 3.7 times cheaper than Spain.
New high-tech airport in the capital.
The European Union will invest 12.9 Billion in Bulgaria to progress infrastructure.
These key factors have been just some of the reasons that demand for Real Estate has increased.
Rental returns With easy access from the continent, and an average 22% annual growth of tourists visiting the country this year, the buy to let market is set to prosper dramatic. The supply of hotel rooms is being outweighed by demand, so major tour operators are taking contracts on new residential buildings that have facilities to service holiday makers. This is given the buy to let investor high returns and less void periods. At key4bulgaria we specialise in the selling of such developments which offer such investor schemes. Capital Appreciation
All indications would suggest that property prices in Bulgaria could double within the next five years. With over 12.8 billion being spent by the E.U on the infrastructure within the country, we at key4bulgaria are convinced that as an investment spectrum, all expectations will be more than satisfied.
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