Profile :: Bulgaria - Flat
fpi.eu.com :: Bulgaria Profile
A majority of the developers in Bulgaria have contracts with the international tourist agencies.Sustained property capital growth is 25-30% per year. A meal for four people costs about £15, good quality wine £ 4, pint of lager costs 40-60p. Administrative road map of Bulgaria (702Kb)Interactive map of Sofia Bulgarian maps and facts on Lonely PlanetBulgaria’s location in the Balkans is of strategic importance. An interesting fact is that the property market in Bulgaria is driven by direct foreign investments escalating almost twice within the last year. Bulgaria has a border with Greece, Romania, Turkey, Macedonia, Serbia and Montenegro. Bulgaria is a member of European Travel Commission and a wide range of Bulgarian tour operators are members of the European Tour Operators Association. Bulgaria was awarded a prestige international award the Blue Flag for environmentally clean resorts on the Black Sea coast. Bulgarian currency Lev (BGL) has been pegged to the Euro at a fixed rate equivalent Euro 1 to BGL 1.9558. Bulgarian territory is divided into 263 municipalities and 28 districts, grouped into six planning economic regions. Bulgaria's territory is 111,000 sq.km with a population of 7.8 mln. Close to Bourgas and Varna airports, has all 5 star amenities. Currently Bulgaria is a hotspot with a substantial average growth rate of 30%. Due to its key geopolitical position Bulgaria gained a place in NATO in May 2004. EconomyThe government of Republic of Bulgaria has a solid policy towards political and economical stability. Fantastic place for family holiday and sound investment!prices from25,000 EURMountain ParadiseProperty for sale in Bulgaria. Food and drinksBulgaria has a healthy traditional cuisine, meat and vegetarian dishes are in a wide range on offer. It is currently possible to achieve 5-8% rental yields on property in Bulgaria. Marina Cape is a luxury complex at the Bulgarian seaside, yards from the seafront. Mountain Paradise complex is situated next to the Gondola lift in the town of Bansko, 12 minutes from the historical centre.prices from57,200 EURA member of AIPPBULGARIA PROFILELocationBulgaria is situated in Southeastern Europe. Nowadays there are four main pan European corridors connecting the North and the South. Property market statisticsInvestment in Bulgarian property is characterised with high returns and excellent capital growth. Property prices in some Bulgarian areas increased 50% in 2004. Sea water temperature across Bulgarian coast line ranges between 20°C and 23°C. Summers are dry, hot and long with an average temperature 27°C (81Fahrenheit). The capital of Bulgaria is Sofia - a vibrant financial and commercial centre with 1.2 mln population. The economy has grown at an average rate of 4.7% per year (5.3% in 2004) while inflation has averaged 4%. The European Union accession is scheduled for 1st January 2007.The privatisation process in Bulgaria is well advanced and there has been a steady increase in direct foreign investments to the country. The food and drinks in Bulgaria are good quality and accompanied by low prices. The main routes between Europe, the Middle East and Africa have passed through the territory of Bulgaria for centuries. The National Property Association report states that for the last three months of 2005 the REMI (Real Estate Market Index) index in Bulgaria growth of 12.4%. The new US embassy (a staff of 2000) supporting all the Balkan countries was opened in Sofia in 2005. The REMI reflects the investment activity and business development in various property market segments - residential properties, industrial properties, offices, and land. The survey revealed that now Bulgaria is among ten of the most popular countries around the world for private and corporate investments. There are more than 8 sunny hours per day.Winters are cold with snowfalls and 0°C, in the ski resorts an average temperature is -4°C. There is a great variety of blended Bulgarian wines. UK investments alone were 50 million Euros in 2004. Vegetables, fruits, cereals and meat are organic and have a delicious taste.
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