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Why invest in Bulgaria?

Bulgaria is located in South Eastern Europe, situated in the heart of the Balkan Peninsula and boasts an old and rich history. Many of the world's greatest cultures have inhabited this beautiful country, leaving behind a veritable treasure trove of untold historical riches. Its picturesque scenery is breathtaking all year round. From the stunning beaches and waters of the world famous Black Sea to the rolling mountains that are home to world class skiing resorts, Bulgaria has everything for everyone.

What makes Bulgaria currently a top country for property investment?

• Bulgaria is a country that not only has weather comparable to Spain and other top holiday destinations, but also property prices that are less than a quarter of their Spanish counterparts.

• Over 150 days of sunshine a year, with average summer temperatures of 26?C (79?F) and occasionally climbing to a sizzling 35?C (95?F).

• Beautiful Blue flag beaches for the summer holidaymakers and top ski resorts for winter holidaymakers only a few hours away.

• Flights are only two and a half to three hours from the UK or Ireland. Low-cost airlines are entering the market and the number of direct flights is increasing.

• Bulgaria is fastest growing holiday destination in the world. Major tour operators such as Thompson and First Choice have recently added Bulgaria to their brochures and site it as one of their top sellers.

• The cost of living is significantly lower than other European countries, with a dinner for two costing about 7 Euros (5 pounds sterling) and a pint for 0.70 Euros (50p).

• Bulgaria is a member of NATO since 2004 and the EU since 2007.

• The currency (Lev) is pegged to the Euro, making it stable and less volatile. Most property can be bought and sold in Euros.

• Bulgaria is politically stable, with government bonds being of investment grade.

• In the last two years property prices have risen by over 50% in some regions and is expected to grow at the same rate as has seen with the recent boom in the Spanish market.

• Highly profitable rental returns are achieved through holiday rentals.

• The number of foreign tourists visiting Bulgaria rose last year by 14.38 %, to 4,629,854 according to the Bulgarian Economy Ministry.

Results also showed the number of Brits visiting Bulgaria jumped by 62.6 % from about 160,000 to about 260,000 in 2005. With the introduction of low cost airlines from 2007 this number is expected to rise rapidly.

E-mail panel Administration panel OTO Bulgaria Ltd.