There has been a meteoric rise in the investment in Property in Bulgaria within the last few years. Recently, FC Exchange ranked the country amongst the hottest property investment destinations along with Cyprus, Central Portugal, the United States of America, and France.

Opodo has named Bulgaria as their top 2007 destination. Opodo said that it expects the country to perform well in the tourist market next year, a fact which would boost the market for property in Bulgaria considerably, but also noted that 2006 has been a good year for eastern European nations in general.

Neil Mott from Opodo says that bookings to Bulgaria have risen by 40 per cent in the last six months and with the prospect of joining the EU in January 2007, we expect to see a significant increase in the number of tourists heading there to take advantage of the euro.

24 Chassa Newspaper recorded that Bulgarian properties had the second highest price increase in the world in 2006, second only to Latvia. They also noted that prices of unfinished property rose between four and nine per cent over the first 3 quarters of 2006.

There are essentially three types of property in Bulgaria available for investment:

• Sofia Properties

Sofia is growing faster, both economically and geographically, than any other former East European Capital. The property boom has now hit the centre of Sofia, with an average two bedroom, new-build apartment selling for between ?69,000 and ?87,000 with values rising almost daily.


• Ski Properties

Bulgaria has a ever-growing skiing industry whose centre is Bansko, an ancient village at the foot of the Pirin Mountains. A studio apartment starts at less than ?45,000, with the prospect of a rise in values of about 20% a year.


• Black Sea Properties

The Black Sea Coast, with its sunshine, cheap beer and great food, beckons investors too to areas such as Pomorie, Sunny Beach, Nessebar and Varna - the Black Sea Coast is tipped to become the new Costa del Sol!

The increase in value of property in Bulgaria has been at almost astronomical rate. With the properties springing up at such a rate, there has never been a better time to buy.