With Bulgaria having one of the lowest Property prices in Europe, it’s hard to decide whether to invest your money into the Coast or the Mountains. A budget of as little as £50,000 wouldn’t get you much in Ireland, but in Bulgaria it could set you up with a second home either near the slopes or beside the sea.
Property is one of the fastest growing assets in Bulgaria, with a 25% increase in prices in the last 12 months. Even with such an increase prices are still exceptionally cheap in comparison to other European markets, meaning there’s no time like the present to invest in such a booming country.
Since it was announced a few years ago that Bulgaria is set to join the European Union in 2007, investors have been snapping up their piece of the action. As well as joining the EU, another important factor for the rising property market in Bulgaria is the huge tourism potential. With the natural attractions – high mountains, beautiful and clean Black Sea Coast, preserved rural areas, sunny climate as well as skiing, wine tasting, aqua parks, ancient monuments, music and flower festivals, it is a country with a lot to offer.