[nike]

As of nowadays Bulgaria is a stable emerging market economy with economic growth in average of 4,5%, yearly inflation of 3,8% and high tourist development. Thus the Bulgarian economy is presenting best opportunities for foreign investors.
If you need more information about this topic you can also visit www.buldom.com

[François Legrand]

Originally Posted by nike

the Bulgarian economy is presenting best opportunities for foreign investors.

Are there any areas in Bulgaria you would suggest are NOT suitable for foreign investors?

[nortonlovett]

I think that the safety of the Bulgarian market is assured by the prospect of the country joining the EU in 2007.

It's certainly the fact underpinning the current rise in property prices there.

[nortonlovett]

Originally Posted by François Legrand

Are there any areas in Bulgaria you would suggest are NOT suitable for foreign investors?

The reputable developers (Fort Nox et al) do tend to stick to the more popular locations (Sunny Beach, Bansko).

As a result, any development in or around these locations is pretty much assured of being a "safe bet".

[woomister]

for the bansko area, is it likely that you will get year round rental of the appartments?

im thinking of investing but now see that their are heaps of developments going on their at the minute whihc coiuld flood the market a bit in terms of 2 many appartments, not enough tenants.

i was recently at a home abroad exhibition at the excel centre in london which had a lot of firms representing bulgaria. most i spoke to advised on bansko. some also had said that their developments where being taken up by travel agents such as thomas cook which is a good sign and would probably get tenants for most of the winter season.

my worry is renting the appartment outside the winter season

anyone any thoughts?

anyone invested in bansko already?

cheers

[woomister]

chers folks

plan on taking a trip over and spending the new year there.

would all the introducers and agents still be working around that time?

gotta get in contact with a few but dont want to spend too much time appartment hunting as im squeezing in my yearly holiday aswell

[pachou]

I would like to give you personal advice about investing here in Bulgaria. If you want to live here you may take a new build apartment or something. But if you think of investment better buy something in a good area near the see or ski resort but on a reasonable prise. My advice is to buy a plot of land on a low price in good area which is near the see (at best). You can't go wrong with this because price of land is not going down it only goes up. So better just land or land with an old house on it. Because you can resell it later and make good profit. You don't need to rent it like holiday apartments etc.

Best wishes

Plamen

[sinders]

That’s excellent advice pachou.

One of the best investments anyone can make in a fast moving real estate market is to purchase a piece of land in a good location, because without the land there is no property. And an excellent way to make money in property is to add value to the end product, by constructing an apartment on the land, or building a house or villa or even a garden shed. As long as you add value to it.

Surrinder Ahitan
www.bulgarian-property-advice.com

[sagittarius]

I agree that Land is good investment, but if you find it on the right market price, not overpriced with 150% laki your plot in Topola, close to the golf!

[Quest Bulgaria]

Bulgaria is in the situation that any new emerging property market has been. I think a lot of us can remember Spain, France.... and how in the early days people were saying the same things. Now, if you asked them, they would say they wish at the early stages they had bought whole villages! It's not really any different here.

The key is to apply all the golden rules you would about buying anywhere with considerations given to :
- Do your research and then research again
- Don't fall for everything you read on the internet
- Purchase price - is it real or hiked just because you are a 'foreigner'
- for off plan - price per sq.m, payment schedule, etc....
- To mortgage or not - to mortgage in bg or UK..

And most importantly of all - location, location, location - this has never changed.

Just keep your wits about you as you would do in your home country. Leave the rose pink tinted specs at home and try to look through realistic eyes then you'll be ok.

All the best of luck to everyone thinking of buying here and if you'd like to see a free pdf version magazine or get a free printed version (which is independent of any agent, developer, builder, lawyer, etc...) then just go to our main web page and follow the links.

Best wishes
Quest Bulgaria Magazine