- Property is cheaper than in many other parts of Europe, with houses in some rural locations as low as 7000 Euros.
- Good potential for capital growth, with expected accession to the European Union in 2007.
- Diverse range of properties in cities, mountain ski resorts, coastal areas and countryside.
- Between 200 and 2004, land prices alone tripled in some areas
- Recognised as an emerging property market, with potentially high rewards for the bold and the brave!
- Improving infrastructure with funds form the EU.
- Beautiful countryside and coastal areas – offering great locations for properties in unspoiled landscapes.
- Increased exposure of the Bulgarian real estate market in the British media (e.g. ‘ A Place in the Sun’, ‘I Want That House’).
- Flying time is only two and a half to three hours from the UK – making it perfect for weekend city breaks.
- You can not own a property with land as a foreign individual; you have to set up a Bulgarian company.
- Getting to Bulgaria is still more expensive than some other parts of Europe .
- You may have to make a quick decision to avoid losing the property, with the increased interest in the region.
- Financing options may be more limited than if you were to buy in Spain or France for example.
- Alleged concerns over a two-tier pricing structure.
- Roads, pavements and other areas of infrastructure are not currently up to Western standards in some areas.
- Water mains are not available in all areas – you need to check that it is available before you buy or build a well.
- The summer months are not as long as they are in some other European destinations such as Spain – lasting from May until September.
- The buying process can seem daunting at first.