Where We invest

Bulgaria was recently labeled as “Probably the most exciting property frontier in the world today” by world famous designer superstar Philipe Starck.  The opportunities in the Bulgarian property markets are quite simply unique and although prices have gone up considerably over recent years, the gap to more developed  property markets is still considerable.  Luxury holiday homes in outstanding locations can still be acquired at a fraction of the cost of what is being paid elsewhere.  

General information about Bulgaria and the most attractive places to invest

Bulgaria is situated on the Balkan Peninsula and is bordering, clockwise from the south, Turkey, Greece, Macedonia, Serbia, Romania and to the east the country’s natural border it the Black Sea.  More than one third of the territory is mountainous, with the highest peaks found in the southwest of the country in the Rila and Pirin mountains.  The largest mountain range in Bulgaria is the Rhodopes in the south.
 
Since the introduction of the International Currency Board in 1997 Bulgaria became a politically stable country with a developing economy and the preferential conditions and guarantees for foreign investors have generated excellent business opportunities and investment growth potential. Bulgarian real estate prices are lower than other destinations in Europe; the market is still unexplored and under developed to a certain extent, which makes it very attractive and profitable. The acceptance of Bulgaria in the European Union provides unprecedented growth potential. Bulgaria's EU membership has made it more popular as a travel destination. Even in 2006, when it was still not known whether the EU would approve the country's accession, the tourist agencies registered record revenues, unseen before. Around 5.6 million tourists are expected to visit the country in 2007, which is a growth of 10%.

Investing in Bulgaria has a number of unique features in their favor

•   Joined the EU in 2007
•   The currency is stable and linked to the Euro
•   Full member of NATO
•   Established and fast growing tourist industry
•   Rapid economic growth ahead of EU membership
•   Still lowest property prices in Europe
•   Treaties for avoidance of double taxation with 61 countries
•   Agreements on mutual protection and promotion of foreign investment with 60 countries
•   Excellent climate, natural scenery, food and hospitality

Bulgaria - Political and economic data

• Territory – 110 994 sq km
• Population – 7 718 550 (3 743 327 - males /3 975 423 - females)
• Political system: parliamentary republic; Stable political environment & low country risk - NATO member since May 2004; EU member since 01.01.2007; WTO member
• GDP, 2006 – $ 27.85 million
• Consistent record of macroeconomic stability - 2006 real GDP growth of 5.5 % - 2006 year-end inflation of 7.2%
• Strategic geographic position as a bridge between Europe and Asia
• Free movement of capital
• No restrictions on after-tax repatriation of profits
• Free trade opportunities within a market of over 550 million consumers - EU, EFTA and CEFTA countries, Macedonia, Turkey, Estonia, Lithuania, Latvia and Israel
• Lower operational costs for water supply and construction works compared to other CEE countries

Bulgaria is a fascinating destination for both summer and winter tourism.  It is magnificent with a rich and vibrant culture set against a spectacular backdrop of mountains, dense forests, lush valleys and glorious sandy beaches that rivals anything that the Mediterranean can offer. Quite simply, Bulgaria is a natural gift.  Rivers, lakes, golden sand beaches, vast plains, high mountains and evergreen forests create a diversity rarely seen on a single country’s territory.

To anyone looking for sunshine and buying the perfect holiday home investment, Bulgaria is the place to start. As one of the first European countries ever to be recognized (681) this is a place with a big history and a bright future in front of it.