As one of the most rapidly advancing nations in Europe, Bulgaria has become a byword for international property investment, and many investors have already done extremely well.

Within Bulgaria there is much to draw foreign visitors and investors alike, from 354km of Black Sea coastline, to 37,000km of hiking paths in the mountains, to a ski scene that rivals the Alps in beauty whilst being far cheaper. The World Trade Organisation forecasts that by 2010 the country will be visited by 20 million tourists annually, making it one of the world’s most promising international tourist destinations. EU accession, which should be completed in 2007, should also see the country benefit from aid and infrastructure improvements, and its geographical position should give Bulgaria a number of advantages over other destinations in Europe.

Within the property market, Bulgaria is turning towards higher quality developments; only granting permission to the highest-quality projects, and taking care to protect the national parks and natural resources which have proven such an attraction.

Investors in Bulgaria have primarily been drawn to the coast, with areas like Sunny Beach and Golden Sands attracting serious investment. This has led to prices rising beyond the reach of locals, and there is no shortage of properties available. However, the rental season is only four months long, so it is vital to buy well on the coast in order to stand out from the competition.

Better opportunities exist in the Bulgarian ski resorts, which are slightly newer to investors and therefore haven’t seen excessive price rises. The skiing opportunities are comparable to those of France and Italy, whilst summer activities ranging from hiking to golf mean that the rental potential is year-round. The Bulgarian bid for the 2014 Winter Olympics also means that the ski resorts should see extensive developments in coming years.

Bulgarian Properties

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