encourage you to invest in Bulgaria. In Bulgaria there is the highestreal estate price increase in Europe. Prices are still the lowest inthe EU.
According to the best analysts Bulgarian real estate market is the most underestimated in Europe.
The summer season in Bulgaria lasts 5 months ! It starts in May and ends in the end of October!

If you are interested in purchasing a property in Bulgaria, please visit our website, www.eurogroup.bg
We are a licensed real estate agency in Varna, Bulgaria. We operatemainly on Bulgarian market but we are servicing clients from the UK,Ireland, Germany, Sweden and Poland as well. You can find a lot ofvillas, houses, holiday properties, apartments, plots, commercialoffices and hotels in our offer.

My e-mail is lskowronski@eurogroup.bg
You can contact me directly there.

I've got 2 places in bulgaria I bought in 1999 for £4000 and £5000 - both 4 bed houses, and I've seen a pretty good increase. Im actually thinking of selling one, if you know someone who can represent- they are pretty run down, but in good spots - Albena and next to Sozopol.

 

Re; the market - The prices are low ish, and I think the growth prospects look reasonable, however, the low prices are mainly to due with huge supply ? Visit sunny beach, and there are a myraid of flat blocks sprining up, some not that attractive, some of the prices in the resorts like Golden sand, etc also seem pretty high - I looked at a 2 bed flat for over 170k euros recently - compare that to developed markets and Im not sure it stacks up as cheap.

 

There has been massive growth in this market, and it was really interesting what happened inland - people were selling houses for next to nohting, the media picked up on it, and suddenly the local market was completely pricing buyers out of the market asking 70,000 euros + for completely run down buildings, as soon as the locals believed the hype, pricing seemed to flucatuate wildly. These polaces were disproportionate to their value, but I imagine its settled down now.

 

The resorts do seems strong, and sticking to them seems to be the only way to gaurantee rental yield - 5 month summer, mm, ok, its a good summer, but its not as consistent weather wise as some other areas in Europe - not that anything seems consistent these days.

 

I think perhaps it was underestimated 5 years ago - but now...., a mate of mine bought in the ski resort, which does seem to offer more all round rental potental - but I think you have to choose wisley on the coast resorts. Slightly inland, there are still bargains to be had, but you have to be willing to get stuck in viewing a lot of places, and trying to find those with potential - same anywhere I guess..

 

Havent been there for a year, so interested to hear from others who have recently been there, what the markets been doing in the last year? Ian

 

ps - Holidayed in Golden sands for 2 years and it was good fun, would recommend that place, and Varna looks on the up as a town.