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Bulgaria in the "Limelight of Property Developments"
Updated: 2007-05-15

Bulgaria in the "Limelight of Property Developments"

Property developments in Bulgaria are very much in the limelight now that it has joined the EU, the Times of Malta writes in its latest issue and describes the operations of leading Maltese real estate company Dhalia Group.

"Foreign investors look at tourist growth, gross domestic product growth, transparency of the property purchasing process, wage inflation and easier access to mortgages," Mr Valletta from UK company Vector International explains the reasons for Bulgaria's success.

"Rapid tourism growth in Bulgaria is mainly due to a good mix of markets. You go to the heart of Sofia, which is truly elegant, yet is becoming a great commercial hub, attracting huge institutional investors," he says.

"Then there are leading ski destinations such as Bansko, Borovets and Pomporovo, Black Sea resorts such as Albena, Golden Sands and Sunny Beach, central Bulgaria with its rose cultivation and perfume making, the Radopi Mountains, and other beautiful places such as Plovdiv, with its 20,000-year-old prehistoric remains, and Rila Monastery in the mountains."

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