Property for sale in Bulgaria

Is the capital and largest city of the Republic of Bulgaria, with a population of 1,395,568 in the Capital Municipality. It is located in western Bulgaria, at the foot of the mountain massif Vitosha, and is the administrative, cultural, economic, and educational centre of the country.

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It borders five other countries: Romania to the north (mostly along the River Danube), Serbia and the Republic of Macedonia to the west, and Greece and Turkey to the south. The Black Sea defines the extent of the country to the east.

Now that Bulgaria has joined the EU the process of buying a property for sale in Bulgaria will probably change, at the moment a non-Bulgarian national is not permitted to own a piece of land in Bulgaria. Traditionally new EU countries experience steep increases in property values and tourism from other EU nations, and have upgraded their infrastructures and economic structures to EU standards.

Bulgaria is an exciting emerging market and currently offers property at prices simply un-obtainable in other areas of the world. With prices steadily rising and set to continue to do so for some time, wise property investment in Bulgaria promises excellent returns on investment.

The majority of people who want to buy property for sale in Bulgaria are looking to the Black Sea resorts of Golden Sands and Sunny Beach for their Bulgarian holiday homes. Many areas of the coastal regions are being developed and as a consequence you will expect to pay much higher prices for your property for sale in Bulgaria.

Bulgaria tops the ranking yet again as it occupied the first place throughout 2007. It has been estimated that the prices of real estate have increased by a total of 68 percent in the last 2 years. The prices of real estate in Bulgaria have gone up significantly in the second quarter of 2008 compared to the same period in 2007. As a whole real estate prices in Western Europe are keeping their levels as in some areas there is a trend towards a decrease while Asia and Europe are witnessing a constant increase in property prices. Property prices are decreasing in 12 countries the greatest drop being in Latvia, the USA and Estonia.

For the more risk-averse investor, the commercial sector is probably the best area to invest in – the commercial property market in Bulgaria is still going strong and will probably not see the same sort of lull as the residential market.