Why Invest In Bulgaria Property?

BULGARIA
IS BOOMING!

New Diamond Hill Complex just released
Apartments from just £32,000 !

Now's the time to join
Europe's most exciting
property market!

When it comes to thinking about the best place to make your property investments make sure you think about Bulgaria! Look at the combination of benefits property purchasing in this dynamic market offers you:
View Luxury property in Bulgaria

Delivering 20% + growth

LOW PRICES, TOP QUALITIES
Beach properties from £16,650
Ski properties from £24,200
City properties from £28,700

Excellent payment terms
Low cost inspection trips

Joining the
EU., 2007
Ski resorts short listed
for 2014 Winter Olympics

Above image Bulgaria property Sunny Beach

 Kamelia Gardens 2 apartments from just £19,000 - SOLD OUT !
Sunny Valley  Brand new apartments from less than £12,000!

Bulgaria Property Rental and Investment Opportunity

Now has never been a better time to invest in Bulgaria property, with recent times having seen record property sales registered. Holiday apartments in Bulgaria's Black Sea and Mountain Ski Resorts have increased by up to 40% in the 12 months to Dec 2004. Forecasters expect prices will continue to increase 20%-30% annually until 2007 at least (the year EU accession for Bulgaria).
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 2005 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

Macroeconomic stability:
• Political and economic stability
• Sustained GDP growth of 4.7-4.9 % per year
• The currency is stable and linked to the Euro
• NATO membership achieved in 2004
• Rapid economic growth ahead of EU membership
• EU membership set for 1 January 2007
• Very competitive labour cost compared to the rest of Europe
• Very competitive tax regime - 15% corporate profit tax as of 1 January 2005
• Well educated, highly trained English speaking workforce
• Strategic geographic location
• Full national treatment of foreign investment

Bulgaria Top tourist destination:

• Established and fast growing tourist industry
• Bulgaria voted No. 4 tourist destination worldwide by The Washington Post
• Budget airlines expected to start servicing the Black Sea coast from mid-2007 or 2008
• Bulgaria is a 2.5 hour flight from the UK direct and once Low Cost airlines start to operate there watch the country open up and demand soar
• 22% average annual growth of tourist arrivals for 2002 – 2004
• 43% year-on-year increase in British tourists for 2003
• Well developed and constantly improving summer resorts
• Excellent skiing opportunities with guaranteed winter snowfall
• Unbeatable prices guaranteeing best value for money holidays
• 1600 thermal mineral water springs
• Rich historical and cultural heritage
• Easy access from Europe

Booming Bulgaria property real estate sector:

• Bulgaria on the agenda of top European real estate investment funds
• All properties we sell have a 10 year building guarantee
• All properties we sell are freehold
• Rapidly emerging property market
• Bulgarian property prices are rising but are still below other comparable countries, the major boom is yet to happen there
• Bulgaria has yet to see the spiralling property prices that have typified areas such as Spain, France and Greece
• 25% price growth in the last 12 months
• Still lowest real estate prices in Europe
• Dramatic increase in demand for quality accommodation at Bulgarian resorts
• Strong drive for property purchase from Bulgarians living abroad

Buy to Sell Bulgaria property

We have made it possible for foreign investors to take advantage of this extremely lucrative investment vehicle.

At the initial “opening price” of a new off-plan development prices are at their lowest - and, of course, all the best properties are still available. Investors can reserve as many properties as they wish - paying only the initial deposit (usually up to 30% of the total price). Before the completion (usually 18 months to 2 years) the property can be re-offered for sale.

As building work progresses, the builder’s price will escalate - as will the value of the investors purchases. Price increases of up to 50% have been seen from initial “off plan” stage to completion.

We have a dedicated re-sale division to re-sell investors properties. It’s a great alternative to the practically non-existent return given by UK Banks and Building Societies.

Our Investment Division will advise and undertake to build a portfolio for investors - anything from a single property for sale to a complete apartment block.

Serious investors will have access to properties “pre-launch” and at special prices. Inclusion in our VIP investors’ lists will ensure you are advised of all the “best buys”.

Buying Off Plan property Bulgaria

Buying an ‘off plan’ apartment in Bulgaria is essentially the same as buying in the UK and means reserving a property on a new development before the property is completed, often before construction has started. Buying ‘off-plan’ can prove a fantastic investment and prices are extremely competitive at this early stage as potential investors only have floor plans and artist impressions of the finished development to view and developers are keen to sell to minimize risk and to provide the project with some forward momentum.

You then have the option of selling straight away upon completion for a profit, or you can hold on to your property for further rental/ capital growth whilst having a great holiday destination to visit. Holding on to the property for a longer-term means you can benefit from Bulgaria’s expected accession to the EU in 2007 where considerable appreciation is expected throughout the Bulgarian real estate market, with holiday apartments expected to lead the way and appreciate the most in value.

Off Plan' purchases have provided spectacular returns for hundreds of people over the last couple of years. The real key to why buying 'Off Plan' can prove such a good investment lies in the fact that in many cases you only have to pay initially a deposit as low as between 10% - 25% of the purchase price and then nothing until various stages of the project are completed.

Bulgaria is a country of immense variety, both geographically and culturally. As a destination, the country has only received widespread recognition within the last couple of years. Many locations have yet to be discovered by international tourism.
The full potential of Bulgaria has yet to be recognised or achieved. With the economy growing at 6% per year and unemployment falling fast (just 12% currently), Bulgaria’s economy is quickly integrating into the EU prior to its 2007 membership. Inward investment continues apace with international organisations predicting continued economic prosperity for the foreseeable future.
International interest in the property market was initially concentrated in the coastal beach resorts of the Black Sea. As the market as developed and matured an ever increasing variety of property has become available catering to the differing interest and needs of international buyers. Prospective buyers can now choose between mountain ski resorts, historic villages, luxury apartments in the capital or coastal villas.
With in depth knowledge of the property market in Bulgaria, we help our clients choose the appropriate property that meets their aspirations. Our clients achieve early access to new developing areas due to our extensive network of offices and contacts within Bulgaria.

Buy to Rent Bulgaria Property

Once you have completed on your property then we can take over the management and renting of your new Bulgarian home. We offer a complete furniture pack and cleaning/maintenance service. They will find the tenants - either short or long term - collect the rent and provide monthly statements.

As a “rule of thumb” guide a well located 2 bed apartment in Sofia rents out for around £ 250/ €350 per month long term or £ 175/ €250 per week short term.
An apartment in Sunny Beach rents out for €400-500 per week in low season and €550-650 in high season.

GUARANTEED BULGARIA PROPERTY RENTALS
The guaranteed rental is different depending on the type of apartment.
The price appreciation of 25-30% yearly is not included. The guaranteed rental does not come from the Developer but from the rental management services.
The ROI is based on the purchase price but this can be only guidance. In the rental management contract it is written down that the owner receives all the income from the rent minus 20 % for the rental management agency.

RENTAL MANAGEMENT
We offer rental management services to all apartments bought through us. The service is 'hands free' for the owner as we manage the rentals, arrivals, airport transfers, etc.

Investment Advice
Investment Opportunity in Bulgaria – A personal view

Bulgaria is turning into the hottest property market in Europe.
Frequently asked questions