The increased interest towards Bulgaria as a holiday destination and the boom in the Bulgarian properties market has firmly put Bulgaria in the European property market map. Compared to other European popular holiday and property destinations Bulgaria offers outstanding value for money.
Bulgarian properties prices for new developments range between €50,000 to €80,000. Houses inland sell for €20,000 to €40,000. The main attraction in investing in Bulgarian property is still the capital growth. In 2004 Bulgaria had highest property capital growth in the world – a nationwide average of 48%!
Bulgarian property investments growth, even though at slower rate, will continue in the next few years. At the same time Bulgaria still is a fractured and immature rental market. The process of buying a Bulgarian property is relatively straightforward. Maintenance, repairs and building work is inexpensive if carried out properly. Below you can find out a quick cross-section of the other property markets in the Balkan region:
Turkey – good value and political uncertainty
Romania – still to come
Cyprus – good things don’t come cheap
Montenegro – too small
Croatia – is it overpriced?
Greece – very nice and very expensive