Investment During Recession
Whilst much of the world is currently caught in the spasm of recession,
the shrewdest of people are wisely looking towards overseas properties as a way to secure their future,
and increase their property ownership.
Gone are the days of overseas opportunities being the sole right of the rich and famous…
today anyone can invest in one of the many bargains available in up and coming countries.
Bulgaria dangles the carrot of interest to many distinct groups of people.
Perhaps you are looking to relocate to the land as a retirement opportunity.
The lower cost of living ensures that your hard earned pension will stretch much further than in the UK and Ireland . For people looking to purchase a holiday property to rent out, the visitor figures are growing at a staggering rate… ensuring a good rental return on your property. Or perhaps you have realised the massively underestimated growth that is taking the investment world by storm.
Bulgaria is one to watch according to the experts, and is the fastest growing country in Europe ,
with a gross domestic product increase of 6.2% in 2008.
It is already fast establishing itself as a major holiday destination,
with many low cost carriers now offering flights to Bulgaria , ever increasing the number of visitors to the country.
With four major airports serving the area, access is easier than ever.
The Real Estate market in Bulgaria is showing a continual and consistent increase,
and prices are expected to rise between 15% and 20% over the next five years –
making this country one of the most appealing for overseas investment.
Those who missed the booms in property in America ,
Spain or Italy now have the opportunity to invest in the lucrative property investments in Bulgaria and jump in at exactly the right time.
Bulgaria ’s Tourism Agency reported that visitor figures had increased by 18% in 2008…
with that looking set to blast through the 20% barrier year on year.
Sofia
The capital of Bulgaria is a sophisticated city, and serviced well by its airport.
Being the largest and most populated city in Bulgaria brings its own benefits,
and the property market is thriving, despite the credit crunch around the world.
Property here moves rapidly, and is showing no signs of dipping.
In fact, the prices are still climbing year on year,
so well worth jumping in right now to ensure a strong return on your investment.
The Sofia Echo reported that Sofia is in the top three fastest growing cities in the world,
which is causing great excitement amongst Real Estate developers.
Recent visitor statistics released by Sofia Airport showed a staggering increase of 20% year on year –
and with the low-cost airline Easyjet adding extra flights and routes to their schedules,
this is set to increase even further, bringing an influx of eager holidaymakers to the area.
Sofia is one of the oldest cities in Europe ,
with a plethora of historic building, bustling shopping, and varied nightlife which holds an appeal for anyone.
This affords property investors a huge opportunity,
safe in the knowledge that their investment value will increase,
and that it is a stable holiday destination for many many years to come.
Varna
Varna is described as the “pearl of the Bulgarian Black Sea coast”,
and this is by no means a shallow compliment.
The historic architecture, stunning backdrops, and bustling city life…
Varna is holding its head above the parapet for future investors.
Varna has its own airport, and is attracting visitors from far and wide – all keen to sample a taste of Varna life.
The infrastructure is certainly in place, with excellent public transport links, expanding supermarket chains,
and the generous support of the tourist trade.
Just a short drive North of Varna is the up and coming development,
Vantage Heights , which has a variety of apartments and villas already being snapped up by discerning investors.
For more information or to purchase the perfect Bulgarian property, contact:
Gary Woollard
Managing Director
Attraction Lifestyles
www.villamarinelifestyles.com
+44 (0) 1793 798 009
SKYPE 'attractlife'