"Until recently Bulgaria was a little heard of, little talked about country tucked away in a dark corner of the Eastern Block so what has changed? Bulgaria’s success in attracting thousands of property investors could be put down to two key factors.
Firstly, the past two years have seen a decline in rental yields in many of Europe’s more established property markets. The UK, Ireland particularly are seeing rental yields drop to under three per cent. Combined with the over inflated cost of property in these countries, the Western Europe investment market is a tough one to work. This has resulted in thousands of investors, turning to Europe’s emerging economies, seeking out markets that can work their funds more profitably. Close behind them follow hundreds of amateur investors and holiday homes buyers ready to buy up the new properties being built by professional developers.
However, foreign interest in new markets alone doesn’t explain Bulgaria’s success. Investors seeking new pastures could in theory take their funds to any of the former Communist countries and many of them do. The second factor that has attributed to Bulgaria mass appeal is its versatility. Bulgaria is such an attractive investment opportunity because it has something for everybody’s tastes and offers the investor and holiday homebuyer plenty of choice. Right now dozens of new developments are springing up along the beautiful Black Sea coastline and sun soakers from all over Europe flock to Bulgaria for cheap and affordable beach holidays! Further inland, Bulgaria’s main ski resorts have become some of the most fashionable in Europe, particularly Borovets and Pamporovo. Top quality ski chalets, hotels and complexes are being built to facilitate the new influx of European skiers, all at amazingly affordable prices. A ski chalet in the centre of Bulgaria’s ski resorts can be bought for a quarter of the price of a similar chalet in France or Italy. Finally, the natural beauty of Bulgaria’s mountain ranges and valleys has made it an appealing location for walking, cycling and adventure holidays. From the cosmopolitan appeal of the Sofia, the countries capital, to the small villages of the Rhodope Mountains, Bulgaria has something to offer every taste at some of the most affordable prices in Europe."
Source: EscapeArtist
