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To give our clients a clear idea of what the amazing Super Borovets project actually entails, Skipropertybg.com have gathered all available information and put it in one place.

The property market in Bulgaria has just boomed! And this boom is set to last.
Updated: 2005-10-12

About the Property Market in Bulgaria 

Shelter Offshore

A look at buying property and the potential of the real estate market in Bulgaria

The property market in Bulgaria has just boomed! And this boom is set to last.


With prices in Bulgaria incredibly low for houses - dare one say cheap - and with the long term prospects for Bulgaria so positive, property investors, astute second home buyers and those looking to relocate to Bulgaria are being afforded a wealth of choice and a fantastic opportunity.

What’s Available?

Properties available are comparable with the breadth of property available in countries such as France, Spain and Portugal - from substantial seaside villa homes to small rural cottages, from well proportioned city apartments to pieces of land on which you can build your dream home.

And though the type of property available can be compared to what’s on offer in more popular European expat destinations, the prices in Bulgaria are at a fraction of what you would expect in the other countries. Therefore if you are interested, whatever your budget, Bulgaria will have something to offer.

Boom - Bust?

Since 2003 prices have increased on average by 20%, but this does not mean that the property boom is set to crash or pitter out. Property analysts in Bulgaria point out that prices are starting from a very low level and have a long way to move to get in line with similar destinations across the world...particularly similar destinations in Europe.

Bulgaria seems to currently represent an excellent opportunity for property investment - comparable to Spain some 20 or 30 years ago.

If you are after a new home in this beautiful country, you are not alone! The majority of people looking for real estate bargains are after holiday homes - or homes in which they can later retire - though there has been something of a boom in commercial property interest as well.

As the popularity of Bulgaria as a tourist hot spot continues to grow, so too does the holiday rental market, making investment in real estate even more attractive!

Those interested in purchasing real estate in Bulgaria have the possibility of being able to rent out a second home for income generation. However, although rental income is a consideration, the greatest returns from any investment in right now will come from the expected increase in the value of property - buy now while prices are so low! Any rental income is just a bonus!

Restrictions on Purchasing & The Bulgarian Act on Foreign Investment

With the “Bulgarian Act on Foreign Investment” restricting foreigners from owning land in Bulgaria, the most common way around this is for foreigners who wish to own property to register a company which then owns the land and the property.

In the short to medium term the law is expected to change anyway as Bulgaria moves towards EU membership - it is keen to get in line with the laws and rules in other EU countries! But this restriction is actually one of the reasons why property prices are so low in Bulgaria compared to the rest of Europe, and when the law changes the property price inflation could be great.

Convince me!

Another two reasons why property values in Bulgaria are expected to continue increasing at a double digit rate are the mortgage lending potential and the increased foreign direct and indirect investment in real estate.

The mortgage lending potential has a long way to develop. In Bulgaria mortgage loans are currently only 5% of the total credit supply within the local banking sector - if this doesn’t mean much to you, consider that in developed markets this rate is usually closer to 15%!

And the increase in foreign investment is set to continue because of Bulgaria’s expected EU membership perspective and the constantly expanding tourist industry.

All these factors add up to show exactly why property in Bulgaria is big, big business and why the growth is set to last.

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