The Bulgarian property market is among the cheapest in Europe, along with bargain places one can find in Portugal, Italy, Lithuania, Greece, The Times wrote on Friday.
It points out that last year prices rose by about 35 per cent, and in the lead-up to EU accession in 2007 annual rises of 25 per cent are predicted.
Among Bulgaria's advantages the article singles out its rich culture, stunning unspoilt villages and scenery as well as rock-bottom living costs.
"Rural houses for renovation are still widely available for less than 20,000 pounds. The cost of living is low and the climate excellent, and there is a wealth of historic towns, unspoilt villages and some beautiful beaches. Tuscany-like hilltop towns such as medieval Veliko Turnovo are to be found inland, while the ski areas in the Rhodope Mountains in the south are increasingly popular. Rental yields tend to be better for ski properties than those on the coast because of the longer ski season. You could expect about 12 per cent gross yield for a good ski apartment and about half that on the coast.
The Times notes that most Brits are buying on the Black Sea Riviera, especially at Sunny Beach, Golden Sands and Bourgas, and the resort city of Varna.
"An impressive, but affordable, development launched this year is The Garden of Eden, above, on a prime beachfront location. The development has a marina, five swimming pools and landscaped gardens, bars and restaurants. Properties range from studios to large duplexes. One-bedroom apartments are about 52,000 pounds, with two-beds at 63,000 pounds."
HUGE FOREST near Greek border!Build your dream house and grow your own organic food in Ecologically clean area! ...more
PRICE REDUCED BY 75% FOR A QUICK SALE! ANY OFFERS?...more
Lovely house in a peaceful place by a splendid lake!
One-bed apartments in Lulin One-bedroom apartments Offering in Sofia has increased . Over the past three months on the market were placed over 400 new one-bedroom apartments of this type, with nearly 80% of them in residential neighbourhood "Lyulin". With a bit of a...more
Analysts: Lending to buyers with good incomes has been relieved According to \"Consumer loan center\" most peopel are seeking loans from 10,000 to 30,000 euros.
Buyers with good incomes were able to benefit from lower housing prices in September shows analysis from the \"Loan Center\" for the last...more
Two-bedroom apartments are again the most expensive properties for sale per square meter in Sofia. Prices of studio apartments have decreased with 4.2% over the past forty days in Sofia. Contrary to the usual trend price per square meter for studio apartment is now comparable with that of one-bedroom apartments and higher than the price...more