Bulgarian Property Market Trends

Last year property prices in Bulgaria went up by more than 25 % in general and some by 50% in certain areas like the Black Sea beach resorts and in the ski resorts (Borovets, Bansko). The improved economic conditions, political and social stability in Bulgaria over the last 3 years have brought a real boom to the Bulgarian property prices.

But the Bulgarian property market is still unexplored and undeveloped, which makes it very attractive and profitable. It offers the investor an excellent opportunity to maximize capital growth and rental yields.

Some estate agents are marketing Bulgaria as the "new Spain". The idea is if you missed out on making your million in Spain 10 years ago, buy property in Bulgaria now and reap similar rewards.

With the market looking to show growth of several hundred percent over the next few years it is advisable to hold your units until at least 2008, when we should see a market spike following EU entry. During this time you can also benefit from strong rental income.