Tuesday, July 11, 2006

Bulgarian Real Estate

Bulgaria is a beautiful country located in the Balkans (southeast Europe). With the Black Sea taking up the whole east coastline and temperatures higher than the Mediterranean it is fast becoming the place to holiday.
There is also another side to Bulgaria people don’t know about, a secret held close that has only just become exposed. Bulgaria is one of the cheapest countries in Europe for real estate. There has been a large increase in the British media about this goldmine but it still seems a lot of people have not jumped on this proverbial bandwagon.

Bulgaria has a lot to offer any potential buyers. Over the last few years the Bulgarian economy has gained strength and with Bulgaria soon becoming part of the EU this is the perfect time to cash in.
With prices as low as $12,500 for a detached house with upwards of 1,000 square meters of land and the possibility of purchasing properties even cheaper on Ebay.co.uk Bulgaria has become a developer’s playground.

Because of the Bulgarian economy growing in strength, investment is increasing dramatically with large companies moving business into the area. Due to this the prices will rise and the boom will disappear. Although the prices are slightly higher by the sea there is ample opportunities elsewhere in Bulgaria due to the mountainous regions to the west. These regions boast great skiing resorts in the winter and also natural hot springs, which are fast becoming known as the cheaper version of the Alps

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