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

Liberty Overseas Properties - Why Bulgaria?


About Bulgaria Home Contact Us Register Exhibitions Video Trip Why Bulgaria?EmeraldParadise(Sunny Beach) BlueWaters(St. As more air routes open up into Bulgaria, tourism should increase rapidly in the next few years. Blue Waters and Emerald Paradise are two such complexes. Bulgaria in particular is primed to experience strong growth. Contrast this with recent tourism statistics for Spain which illustrate that the Britons are now looking for a new holiday destination. Emerging markets can still provide double digit growth, and Liberty Overseas Properties & BPI Group are offering Irish investors the opportunity to realise the undoubted potential that currently exists in these Eastern European properties. However, having seen such an extended period of growth, there now exists widespread agreement amongst many financial analysts that the Irish property market is reaching a plateau, and is no longer capable of rewarding investors with generous capital growth returns. In addition, Bulgaria is a very stable country whose economy is experiencing strong growth, and whose government realises the importance of foreign investment through the establishment of a double taxation treaty with many countries, including Ireland. In addition, Bulgaria offers stability to the investor with its currency, the Lev, pegged to the Euro. In addition, these projects offer the real possibility that rental income will cover any repayment costs incurred, something that Ireland can no longer offer. Its tourism infrastructure is expanding rapidly and its popularity as a tourism destination is soaring. Just over 3.5M tourists visited Bulgaria in 2003, according to Bulgaria's Economy Ministry, representing an increase of 18% in the number of tourists that visited the country compared with 2002. Located 30km from Bourgas International Airport, these developments are due for completion in summer 2006 & summer 2007 respectively. Most notable in this increase is that the number of Britons that visited jumped by over 44%. Prices start from €36,000, and investors can be assured of a quality investment and solid appreciation over the coming years. These include:Over the last five years, Bulgaria has experienced an average GDP growth of near 4%. Vlas) MortgageFinanceOption / SSIA Property has always been one of the most popular investment vehicles amongst Irish investors, and given the tremendous capital appreciation experienced in the domestic market over the last decade, its popularity is of little surprise. With a young, well-educated workforce, low labour costs, low corporate tax rates, and pro-fiscal policies, and EU accession imminent, Bulgaria is experiencing major inward investment and strong economic growth. With its unspoiled countryside, exceptional coastline which boasts rugged cliff faces and sandy beaches, and ski resorts, Bulgaria offers an unrivalled variety for tourists in the Balkans.