Bulgaria’s fastest growing asset
is its property. Property prices in the country went up by 25% in 2006, and
although they may not maintain such dizzyingly high rates, there is plenty for
mileage left for those who want to buy property in Bulgaria.
Amazingly
some property has shown increases of 50% of late, especially in Sofia, Sunny Beach on the Black Sea
coast and the ski resorts of Bansko and Borovets.
Since
shedding communism Bulgaria
has made great strides and in the last three years improved economic
conditions, together with political and social stability have brought a
property boom to the country. Bulgaria
has also made good progress in the tourist market, working hard to make the
most of its Black Sea coast, mountains, natural
rural areas, lakes, Spas and thousands of years of history and culture. Tourism
is growing faster in Bulgaria
than anywhere else in Europe. When you’re
looking to buy property in Bulgaria
this is what you want to hear.
To
make a good property investment, if you buy property in Bulgaria you
will be making an excellent decision.
Bulgaria is a member of NATO, and
joined the European Union in January 2007, making this an excellent time to buy
property in Bulgaria.
Although there is still a law that forbids non-Bulgarians to buy land in the
country (they can buy property), laws are expected to change to make investment
easier. Foreign investment can currently take one of several forms: setting up
your own Bulgarian company; establishing a joint venture with existing
companies, state-owned or private; acquiring a company through privatization;
or making a portfolio investment.
If
you’re looking for a ski apartment when you buy property in Bulgaria, then
try the lesser known Pamporovo. It is set among beautiful Rhodopi mountains,
surrounded by ancient pine forests and has the benefit of clear air, fresh
summers and snowy winters.
Bulgarianproperties.com has a range of properties
available in Pamporovo. The ambitious “Perelik Sport Centre” project has been
approved here, with 255m Euros to be invested in the next five years,
transforming Pamporovo into one of the most modern ski resorts in Europe. There
will be 162km of ski runs, with 42 new ski lifts connecting villages Gela and
Mugla.
The
complex will offer wonderful conditions for winter sports and summer activities
such as swimming, tennis, rock climbing, trekking and mountain biking. An
18-hole golf course is also planned, as is an airport close to Smolyan and
improved road links. This will be a great location to buy property in Bulgaria.
For
those who wish to buy property in Bulgaria in this location, there is the
Bellecote development, to be built with owners, guests, appearances and
materials in mind. Famous Bulgarian architect Simeon Tsonkov was recruited to
mastermind the project, with experience of various residential and holiday
complexes all over the country. The development has in mind that investors who
buy property in Bulgaria wish to generate an income and have the property pay
for itself. It has, therefore, many amenities that can be found in a luxurious
five-start hotel.
Bellecote
will be located by the main road that connects the ski resort of Pamporovo with
the town of Smolyan. It will be less than five minutes by car to the ski runs
at Studenets. Bellecote will have 82 apartments with shared facilities such as
24-hour reception desk, comfortable lobby area and bar, indoor heated swimming
pool free for residents, restaurant with local and international cuisine,
conference facilities, health spa and wellness centre, free of charge to
residents. Other amenities will include a gymnasium, kindergarten, beauty
centre, mini market, games room and store room for ski equipment.
If
you want to buy property in Bulgaria try Bellecote at Pamporovo.
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