BULGARIA'S ‘WESTWARD MOVE’ ATTRACTS PROPERTY SEEKERS

09:03 Mon 19 Jun 2006

An article named The Bulgarian Property Renaissance, published on 999 Today website presents Bulgaria as an increasingly appealing destination for Western European property seekers.

Previously known as communist country, Bulgaria is now making moves westward with its NATO membership and expected EU entry in the beginning of 2007, 999 Today reported.

This ‘opening’ to the Western world enabled property investors discover the potential of the country. 999 Today reported Bulgaria has rich cultural heritage, good climate and beautiful nature. The relatively low costs of living further the appeal of the country, the website said.

These developments influence the decision of many Western property seekers. Increasing number of British decide to purchase a first home abroad in Bulgaria, the website reported.

Bulgarian coastal resorts have always attracted investor interest but increasing number of West European property seekers are now turning to the country’s winter resorts.

The capital of Sofia also offers good opportunities with modern new suburbs located close to Vitosha Mountain, 999 Today reported.

Comments

Comments by Steven Gerrard - 02:09 19 Jun 2006
	Who's interested in buying in Sofia? It is one very dirty city, full of stray dogs.
Comments by Taraq - 20:01 19 Jun 2006
	that was my first impression Steven, but people need places to live and the demand is there because the work is. An investor can make a nice tidy sum in a couple of years.
Comments by Diogenes - 09:53 20 Jun 2006
	Here's the link to the original article: http://www.999today.com/property/news/story/3322.html It says the British are the main buyers of property in BG. I wonder why is that. [quote] "The latest property hotspot which is attracting thousands of ordinary British investors is Bulgaria. And the interest is growing by the day. It's phenomenal!" [unquote]