Bulgarian Property Market Guide



Posted: Wednesday, December 15, 2004

by SWITCH
SWITCH HOMES

An unrivalled investment opportunity

Here are some straight forward facts about Bulgaria:

  • Bulgaria is scheduled to join the European Union in 2007.
  • The coastline boasts 220km of sandy beaches
  • There are over 1,700 hours of sunshine from May to October on the coast.
  • The diverse geography and climate means it offers ski and beach resorts.
  • The general cost of living is one of the cheapest in Europe.
  • All major British tour operators will be on the Black Sea coast from 2005.
  • Property prices are currently some of cheapest in Europe and last year rose by over 30%.
  • Significantly lower labour costs, compared to European averages.
  • 5 million tourists visited the country in 2003 - an 18 per cent growth on the previous year. When the figures for 2004 are compiled, they are expected to show a further increase of some 20 per cent.
  • Bulgaria has been undoubtedly the most stable country in SE Europe, so investment opportunities exist in both the short and long term.
  • In 1999 the Bulgarian currency was tied to the German mark and subsequently the Euro, stabilising the currency and allowing for economic growth.
  • There are several new golf complexes being built to develop the golf market.
  • Away from the tourist spots eating and drinking are exceptionally cheap, with a pint of lager costing about 40p and a three course meal with wine, typically costing less than £5 a head.
  • For the first half of this year alone, 216 million euros were invested by foreigners in Bulgarian property, compared with 98 million for the whole of 2003.

Bulgaria is fast becoming one of the hot markets for British and Irish investors and we believe that Bulgaria offers an unrivalled investment opportunity. With all of these facts, you should be able to expect a healthy profit on your investment.

 

Why Switch Homes Ltd  

- Our philosophy is simple

 

- We understand that you want to find the best possible property at the best possible price and want the whole experience to go as smoothly as possible.

 

- We know you’ll need expert advice and local knowledge to ensure that you invest wisely. We offer in depth knowledge of the Bulgarian property market and can assist you through every step of the way.

 

- We believe we are the first company of its kind in this market, because we are specifically set up to offer you a full understanding of your needs and a full understanding of the marketplace.

 

  • Professional bilingual staff.
  • Over six hundred properties to choose from.
  • In depth knowledge on all aspects of buying and living in Bulgaria.
  • Tailor made viewing trips to suit your specific requirements.
  • Qualified legal, financial and immigration advice.
  • Extensive after sale service.
  • Offices in England and Bulgaria.
  • Access to properties only available through Switch Homes.
  • The peace of mind you get from dealing with a British Limited company won’t cost you a penny more.

 

 

WWW.SWITCH-HOMES.CO.UK

 

© 2004 Switch Homes Ltd. Registered in England and Wales No.05130567

 

 

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