Why Invest In Varna - Country-Side.Eu - House
Country-Side.eu - Why Invest in Varna
An additional advantage may be found in the Bulgarian national character, relaxed, moderate and calm, which enables even tourists who do not speak the native language an opportunity to enjoy the many advantages which the country affords. First, Varna is located less than two hours� journey by air from Britain and Germany. For example, in 2004 over a million and a half tourists visited Varna.[1] Although real estate prices in Varna have risen by several dozen percent in the past six years, it is still possible to purchase buildings and land in the city at attractive prices. Real estate prices in Varna and other central Bulgarian cities have risen during the past year by about 25%, and some property prices have risen by over 100%, particularly in developing areas. Second, until the expected unification of European countries in 2007, real estate prices are given in the lev, the local Bulgarian coin. The city has an international airport which is close to tourist centers and other Bulgarian sites of interest. The real average increase in the past six years is 24.5%. The use of foreign currency � Euro, pound sterling and dollar � enables the tourist with every purchase to gain an average of 45% more than in other countries where tourists of western Europe had previously purchased resort homes. Varna is particularly beloved of British, German and Russian tourists, who purchase apartments in the city itself as well as vacation homes and houses in villages near the city, up to an average of 45 kilometers from central Varna. We believe that a large part of the real estate development boom in Varna may pass on to the rural areas in the city�s periphery.
