Beautifil Bulgaria
Bulgaria is shaping up to be the next Spain for holiday homes as flights become cheaper and more frequent. The Iron curtain fell and Bulgaria emerged dazzled by the light of democracy and capitalism in 1991, but it’s taken more than a decade to become a major holiday home hotspot. If you visited Bulgaria before the collapse of communism, prepare to be stunned. What was once a sleepy, grim and impoverished outpost of the former Soviet Union is rapidly re-inventing itself as the Eastern European equivalent of Spain for holiday homes.
The frenzy of building along the Black Sea has been fuelled by speculative British and Irish buyers as well as the new-rich of the former communist block countries. Rising property prises are aided by the massive growth in tourism and the influx of Western business people taking advantage of the rapidly expanding economy. Until recently, relatively poor travel links between Bulgaria and Britain have kept a boom in check. But that’s all about to change. The budget airlines are arriving. WIZZ Airlines are now offering fares from Luton to Bulgaria for just a few pounds if you book in advance. Austrian Air have just began a five-days-a-week service from Heathrow to Varna and Bulgarian Air is about to start a service from Manchester to Sofia.
This will ‘undoubtedly’ have a positive impact on holiday homes and in turn in the returns investors can achieve form rental properties. Some believe that Bulgarian property could see increases up to 50 per cent over the next two years. Bulgarian property specialist, BG Estates, who have offices in Sunny Beach, Sofia, Bourgas, London and Bristol offer a true “one stop” property service aimed at people buying a holiday home. Prices for apartments along the Black Sea start from as little as ?19,000. BG Estates can also assist you finding retirement homes, land, commercial premises, or arrange a viewing trip. For further information find them at www.bgestates.com or UK Free Phone 0800 0285077. |
|
17 April 2006 |
|
|
|
|
