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Bulgaria - The Best Property Investment In The EU.
By Mark Gardner Emerson
Investing in real estate is regarded as probably the safest and most consistent way to increase your capital. Worldwide property investment is no longer the preserve of the super rich or readily connected but with the event of the internet and a simplified banking system, is open to all of us.
Massive fortunes are built and grown through property investment and the sheer size of the global market offers the chance to build a property portfolio with even if you have the smallest budget.
Emerging markets and the ready availability of cheap investments, can be you're your pension plan and a source of regular income. The key is identifying the fastest appreciating areas with affordable property that will offer consistent growth and huge capital returns.
Currently, in the European market, Bulgaria is the current hotspot with an average growth rate of 30% with the cheapest property prices in the EU. There are several other countries in the EU, which attract foreign investment for a variety of reasons. None, however, can rival the sheer number of factors, which makes Bulgaria an irresistible, safe and compelling location for your investment capital:
· The cheapest cost of living in the EU- 50p for a beer and less than £5 for a three course dinner are prime examples of why more and more holidaymakers and repeat visitors are flocking to the country
· The cheapest real estate in Europe- you can buy a detached house in the country with land for less than £10,000!
· Outstanding natural beauty- where else can you find 220km of sandy beaches, 1700 hours of sunshine a year and the longest ski season in Europe?
· Ease of Access- Bulgaria is approximately three hours from the UK by plane with all the low cost airlines now scheduled to fly there
· Increasing exposure- All the major tour operators now offer packages to Bulgaria at roughly 30-40% the cost of the Spanish or Portuguese equivalent
· Rapidly growing marketplace- Visitor numbers and potential buyers are growing at over 20% per annum
· Sustained economic growth- Bulgaria is experiencing one of the best GDP growth rates in Europe at 4.7% per annum
· Stable currency- the Bulgarian Lev is pegged to the Euro
· Stable political and religious communities- Bulgaria is a full member of NATO has no history of civil upheaval and no questions over land ownership
· Booming house prices- 30% growth rates are the norm, your money would have appreciated by over 50% in key areas in the last year
· Full membership of the EU- Bulgaria will become a full member of the EU in 2007. This international acceptance will promote massive government investment and expansion, accelerate the growth of the country and ensure the highest capital growth and rental yields for your Bulgarian property
Property prices are continually rising and will surge with full membership of the European Union. You can invest now in either off-plan developments or existing resale properties at bargain prices that are approximately 25% of Spanish, French, Italian or Portuguese alternatives. The next few years will increase the value of your property to fantastic heights.
About the Author
Mark Emerson is the sales director for Investment Property BG Ltd. The company specialises in high return investment property in all areas of the Bulgaria marketplace with prices from under £10,000. http://www.investmentpropertybg.com/
Article Source: http://www.simplysearch4it.com/article/21463.html
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| Some other articles by Mark Gardner Emerson | |
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