The boom in Bulgarian Property is still growing. Now that Bulgaria has officially joined the EU will boost the value of real estate within the country. Prices are ever-increasing, but there are still very competitive deals available.

Many investors are searching for Bulgarian property as it is still an emerging market and whilst prices are rising rapidly they are still relatively cheap. As the budget airlines and Bulgarian tourism continue to develop the market will expand simultaneously.

Emerging Real Estate is offering property in Bulgaria for less than €45,000, in a five star development in Bansko. At the exchange rate at time of writing, this equals a five star studio apartment 300m away from the Gondola Ski Lift in the prime skiing area within Bulgaria for less than £30,000. Obviously, not only is this a prime opportunity for capital gains on increasing property values, but it also gives an excellent rental potential.

There are great capital gains opportunities within Bulgaria at the moment. All the properties are sold ‘off plan’, meaning a proportion of the payment for the property is paid for before building work commences. An example would be a 10%deposit before commencement, 15% paid when the roofing work is completed, 45% paid upon completion and then the remaining 30% paid 12 months after completion.

The obvious benefit for the developer is that their cashflow situation and the security of the development is improved. Although a payment must be made up to 2 years in advance, there are also obvious benefits for the investor. The price is secured for up to 2 years before completion, this offers significant capital growth benefits, and with Bulgarian Property increasing at 15% per annum, the property can we worth over 32% more when you move in than the actual purchase price.

Emerging Real Estate pride ourselves on our expertise of Buying Property in Bulgaria and the properties we are managing. We regularly meet with the developers ensuring that all clients’ requirements are fulfilled. We visit the developments before, during and after completion, and we have an office based in Bansko.