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Rising property prices in Bulgaria

Рубрика: Property news Източник:      Incredibly, annual price increases in some of Bulgaria's smaller cities were in the region of 70 per cent and some investors will see this as evidence of the merit of investing away from the capital.

As Bulgaria prepares for EU accession in the next couple of years, property prices are continuing to rise in even the most unlikely areas and the decision of where to invest is unquestionably becoming more difficult.

Bourgas, for instance, saw a rise in property prices of 46 per cent last year. It is the fourth largest city in Bulgaria and is situated in the south-eastern region of the country. As a Black Sea city, its climate is certainly favourable, while an excellent transport infrastructure has laid the foundations for strong growth in both the tourism and industrial sectors.

Many investors will prefer the prospect of buying property by Bulgaria's ski resorts, however, with the reputation of the snow season growing each year and a bid for the 2014 Winter Olympics attracting a great deal of attention to the constantly improving facilities.

With higher levels of mortgage lending in the country and an influx of foreign investors, Bulgaria is undoubtedly becoming one of the most rewarding investment options in Europe.