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by Theodora Borissova
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area of the Black Sea Coast are vastly booming urban centers and tourist destinations with relatively more sophisticated market, which have attracted foreign opportunity investors in recent years. Sofia and in the biggest Black Sea Coastal Cities are also the newest trends in Bulgarian Real Estate Market. It appears to be very attractive for investment purposes in the last two-three years. That is why we must point out several Pros and Cons, which we consider important:
Pros:
fast developing real estate market;
liberal foreign investment laws;
improving bank mortgage system;
stable political and economic environment;
excellent return on investment (ROI);
limited currency risk (BGN pegged to EURO under stable currency board);
significant foreign investment in real estate.
Cons:
land purchase restriction for foreigners (due to the requirements of the European Union for Bulgaria's accession to EU in 2007, this restriction will be removed);
underdeveloped infrastructure in some regions;
limited buying power of Bulgarian consumers.
About the Author
Theodora Borissova is a relationship manager in BB Media Ltd - a communication agency with years of experience in graphic and web design. The company has developed successful marketing campaigns for
Bulgarian Real Estate and Best Bulgarian Properties |
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