Britons living in Bulgaria. Guide to Bulgaria, Sofia and Varna

Overseas, European property financial investment Balkans, Bulgaria ...
A total of 57, 517 Britons visited Bulgaria during the same period in that way going up by 73,09 percent. Bulgaria's revenues from international tourism ...

A second property he owns on the Isle of Dogs, purchased in 1999 for £130,000 is on the market at £260,000. A three bedroom house can be purchased for just £8,000,an 11 bed house/villa for around £45,500 and you can even get a 19 room hotel for pounds 345,000. Although investors continue to scoop up property, the picture is not quite as rosy as it might appear. Bulgaria’s ownership policy will be harmonised with the EU’s. Cherly Markosky discovers where they are putting their money. Direct flights to the capital Sofia take around 2.5 hours. Fares to Sofia start from about £200 return In the heart of Eastern Europe, with a 200 miles coast on the Black Sea, rising to mountain ranges. He bought it four years ago for £185,000 and has sold if for £250,000. It is becoming increasingly popular with couples and families. Many, like Jon Turner, a 44 year old IT consultant in the City, are taking it abroad. Not convinced they will continue making the same returns they did when they started in buy-to-let three years ago, they have sold off their UK investments, opting for Bulgaria instead. Some of the most popular areas are along the Black sea coast: Nessebar, Balchik, Varna etc. Temperatures rise to 79F in July and August and drop to 27F in December Individual foreigners cannot own land – but can buy buildings and land through a company. That financial picture is even more impressive on the background of the global decreasing trend in the sector, marking a 1.2 % slope in 2003. The British and German tourists closely follow them. The cost of living is cheap. The Greeks lead the ranking of foreigners coming to Bulgaria, some 56,34 percent more as compared to the same period in 2003. The likelihood of entry is high, as Bulgaria has complied with 26 out of the 30 EU accession criteria. The sea is said to be hotter than the Mediterranean in the summer. Their number has increased by 25,3 percent just in five months, Bulgaria's Economy Ministry reported.