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Bulgaria Offers Very Attractive Property Investment
By Investors Provident, Fri Dec 9th
A cultural treasure trove stuffed to bursting with the ancientmonasteries, churches, mosques and Roman and Byzantine ruins,and located in the very heart of the Balkan Peninsula isBulgaria. Investors Provident have recently launched theirinvestment section on Bulgaria and offers its clients some verydiverse and high capital growth investment opportunities.
Since its escape from the yoke of communism, Bulgaria hasstruggled to join the modern world. It became a member of NATOin 2004 and is due to join the European Union in 2007. With theBlack Sea to the east, Romania to the north, Serbia andMacedonia to the west, and Greece and Turkey to the south, it'sa country that retains a charming mixture of the old and the new.
The capital of Bulgaria is Sofia. Almost completely rebuiltafter the bombings of World War II, its city centre has a weirdand wonderful mix of architecture; right down to a yellow-brickboulevard. North of Sofia is the Balkan range, Bulgaria'slongest mountain chain, which flows down to the Danube. For thesun and sea, the Black Sea coast offers some of the best in restand relaxation at affordable prices. The southern section of thecoast is home to picturesque bays, spacious beaches, dunes and awarm sea.
There are no words to describe the phenomenal rise in propertyprices taking place in Bulgaria's tourist areas. Some developershave seen their tourist property complexes rise in value inexcess of a colossal 100% in a year! Even if spread across theboard, it still averages out to a sizeable capital growth of35%. But why this discovery after all these years?
Since the collapse of communism in 1989, Bulgaria has beenopening itself to the West, and its natural attractions have notgone unnoticed. This is hardly surprising given that Bulgariaoffers long sandy beaches, summers of clear blue skies and awarm Mediterranean style sea only two hours flight from the UK.This, coupled with a phenomenally low cost of living, and itstransition to a fully functioning market economy has madeBulgaria one of the major hotspots within Eastern Europe. Whereelse would you get a delicious three-course meal for two with abottle of good local wine for £8?
The World Tourism Organisation placed Bulgaria near the top interms of tourism growth. In 2003 growth increased by 23%compared to 2002 and the proceeds comprised 13% of the country'sGDP. Bulgaria's rising property prices have been greatlyinfluenced by the European
Union which has had a tremendousimpact already. This will be even greater after the countryjoins the EU in 2007, if as is expected, it follows the patterndemonstrated by Ireland.
Investors Provident is one of the few companies offeringattractive investment opportunities in Bulgaria along the SunnyBeach (Black Sea Coast), Bansko (ski resorts), city centreSofia, towns of Burgas and Varna, and other growth areas.Properties can be bought for as little as £20,000 on the beachfront for studios and one beds up to £120,000 for 3 beds / 2bath apartments.
Investors who have never considered Eastern Europe as part oftheir strategies are now rethinking their moves. 20% to 30%capital growth in a space of just 6 months is a return that willattract novices and professionals alike, and this is just thebeginning.
For further information, please visit:http://www.investorsprovident.com/Europe/Bulgaria
About the author:Investors Provident offer off plan investment properties andholiday homes across the world. We have properties from Dubai,Australia, Cyprus, Bulgaria, Turkey, UK and US.
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