According to the emigration and property website, BulgariaGateway.net, the Bulgarian property market is now well worth a second look from potential investors. Experts have stated that the European destination is ripe for investment, with the opportunity for some bargain real estate to be purchased.
Currently, the areas of greatest potential are smaller towns and developed villages in the countryside. Properties here seem to be cheaper than those in cities or coastal towns, but aren’t necessarily rural or too small. Many buyers are attracted by the comforts of friendly, welcoming neighbours, the local culture and the benefits of living so close to nature, but within easy travelling distance of a nearby town.
The website's Property Purchase section points out that potential buyers can currently take advantage of re-sales within the country, which can offer discounts of up to 40 to 50 per cent on properties that have already been renovated. In addition, investors are advised to take their time in looking around and conducting necessary research into popular regions before making their property purchase decisions.
Buyers can take comfort in the fact that, despite the country suffering an economic setback after the recession, financial stability is growing daily and it is expected that Bulgaria will join the Eurozone by 2013. This not only offers reassurance in the country's infrastructure, but also that the economy will continue to strengthen with rising salaries, improved standards of living, employment opportunities and increasing business and consumer confidence.
Currently, the areas of greatest potential are smaller towns and developed villages in the countryside. Properties here seem to be cheaper than those in cities or coastal towns, but aren’t necessarily rural or too small. Many buyers are attracted by the comforts of friendly, welcoming neighbours, the local culture and the benefits of living so close to nature, but within easy travelling distance of a nearby town.
The website's Property Purchase section points out that potential buyers can currently take advantage of re-sales within the country, which can offer discounts of up to 40 to 50 per cent on properties that have already been renovated. In addition, investors are advised to take their time in looking around and conducting necessary research into popular regions before making their property purchase decisions.
Buyers can take comfort in the fact that, despite the country suffering an economic setback after the recession, financial stability is growing daily and it is expected that Bulgaria will join the Eurozone by 2013. This not only offers reassurance in the country's infrastructure, but also that the economy will continue to strengthen with rising salaries, improved standards of living, employment opportunities and increasing business and consumer confidence.
For advice, assistance and information about Moving to Bulgaria, we recommend that you visit our website at MovetoBG.com - and for accommodation options, resources and services, we suggest Bulgaria Gateway
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