Bulgaria is a country that has succeeded in achieving consistent economic growth over the past few years. Despite the economic and political changes it has received, it is planned to become a Eu member country that stabilizes the currency and looks forward to a better environment for economic growth and this reason itself has been in the past few years Foreign direct investment grows exponentially, causing 2 bn mark to cross in 2004. This foreign direct investment makes it clear that the Bulgaria is very emerging and the investment in immovable property will only be in the near future,
Real estate prices are increasing by 25% only in the past year, which means that the rent is also rising. As rental income increases significantly, big investors and holiday companies are investing more. Small investors are making about 40-50% of appreciation quick bucks of properties already owned by providing full / semi-perfect development resale.
To further advance this boom, the Bulgarian Government is working on a law that allows foreigners the right to possess free ownership of land and property. This step looks at the recent past Pioneer investors' construction quality, trends in development and success.
Compared to other countries in Europe, Bulgaria's development costs relate to labor, land, taxes, etc. It's cheap. As a result, supply voids may be created to raise prices and profits. As more and more multinational corporations are entering Bulgaria, we are looking at the employment market, so we have demand for rental apartments and apartments.
Acquisition process of this property Bulgaria is easy, advanced foreigners acquire property, Bulgaria was not changed, is changing.
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