Properties in Bulgaria along the Black Sea resorts are popular investments both with foreigners and locals - and it seems the demand is continuing even after Bulgaria’s accession into the European Union
Preview of Bulgaria's Black Sea Coast
Many foreign investors are flocking to the Black Sea Coast to invest in Bulgarian properties.
Prime spots for investment are the resorts of Sunny Beach, Albena, and Golden Sands. Tourists love the ancient seacoast towns of Nessebur and Sozopol, with their interesting architecture.
For many years, only the Russians and the Eastern Europeans visited the Black Sea Coast as a holiday destination. But since the fall of Bulgaria’s communist government and the opening of low-cost airlines in Europe, Bulgaria has successfully positioned itself as a budget seaside package holiday, appealing to a diverse mix of travelers from countries such as Germany, UK, Russia, and Scandinavia.
The two airports of Varna and Bourgas offer charter flights from many European destinations in the summer months.
Tourists are fascinated by the hundreds of places of interest along the coast, ranging from old pagan sanctuaries to the remains of ancient Roman and Greek civilizations and authentic cultural and historical monuments of the Bulgarian state. There are also many spa areas, mineral baths, and hot springs for those interested in relaxation.
Bulgaria is also becoming more politically stable. Substantial private and public investment is being ploughed into the Black Sea Coast, from upgrading and expanding properties Bulgaria Black sea resort accommodation to developing the local infrastructure.
Recently, the government invested a lot of money in roads and infrastructure around the resorts in order to meet EU standards, prior to entry to the European Union.
All this investment creates interest in properties Bulgaria Black Sea. Real estate values increase with the increased interest.
Many sections of the coastal regions are already being developed and, as a consequence, you can expect to pay higher prices the longer you postpone your decision to invest in Bulgaria real estate.
So if you feel you have missed out on the real estate booms in Italy, Spain, or Florida for example, don’t be disheartened. Consider Bulgaria. Real estate investment here by non-residents is a new field.
There is still time to cash in on the immature market.
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Prime resorts for property investment along the Black Sea Coast:
