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Investment

The Bulgarian property market is booming amongst oversees property investors who recognise that the housing prices are substantially lower than other comparable countries in Europe that do not have the favourable climate and charm of Bulgaria. Also, the introduction of Bulgaria into the European Union in 2007 and the removal of restrictions on foreigners buying property in the country will surely drive pricing higher.

From 2004 to 2005 property pricing rose in Bulgaria by 40% and this trend is expected to continue, albeit at a slightly lower rate than the impressive 40%. In Sofia you should expect to receive an annual rental return of 12% for an apartment in a centrally located area.

The range of housing in Bulgaria is varied, from ski resorts to beach resorts - all of which is very cheap by western European standards. Indeed, if you are a DIY enthusiast you may be interested to hear that you could purchase a rustic stone retreat in the country in need of some restoration for as little as €5,500!

Prices for house purchases in the four most popular areas of Bulgaria for property investment are as follows -

Varna

€45,000 for a 2 bedroom property
€65,000 for a 3 bedroom property
€105,000 for a 4 bedroom property

Burgas

€34,000 for a 2 bedroom property
€67,000 for a 3 bedroom property
€86,000 for a 4 bedroom property

Banko, Borovets, Pamporovo

€42,000 for a 2 bedroom property
€69,000 for a 3 bedroom property
€73,000 for a 4 bedroom property

Veliko Tarnovoa

€20,000 for a 2 bedroom property
€19,000 for a 3 bedroom property
€29,000 for a 4 bedroom property


Prices for apartment purchases in the four most popular areas of Bulgaria for property investment are as follows -

Varna

€46,500 for a 1 bedroom property
€75,000 for a 2 bedroom property
€85,000 for a 3 bedroom property

Burgas

€32,500 for a 1 bedroom property
€52,000 for a 2 bedroom property
€56,500 for a 3 bedroom property

Banko, Borovets, Pamporovo

€47,500 for a 1 bedroom property
€79,500 for a 2 bedroom property
€117,000 for a 3 bedroom property

Veliko Tarnovoa

€33,500 for a 1 bedroom property
€49,000 for a 2 bedroom property
€78,000 for a 3 bedroom property


Prices for weekly property letting in the four most popular areas of Bulgaria for property investment are as follows  -

Varna

€250 for a 1 bedroom property
€290 for a 2 bedroom property
€470 for a 3 bedroom property

Burgas

€360 for a 1 bedroom property
€550 for a 2 bedroom property
€720 for a 3 bedroom property

Banko, Borovets, Pamporovo

€400 for a 1 bedroom property
€580 for a 2 bedroom property
€740 for a 3 bedroom property

Veliko Tarnovoa

€310 for a 1 bedroom property
€505 for a 2 bedroom property
€650 for a 3 bedroom property

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