With an increasing number of property investors, Bulgaria is fast becoming a number one destination for property bargain hunters.Where a studio apartments can cost as little as £30,000 or a luxury penthouse just £110,000 it is no wonder that potential investors are keen to but property here.  Cut in two by the Balkan Mountains, this rapidly emerging Eastern European country offers two big attractions - perfect ski areas and miles and miles of sandy beaches bordering the Black Sea.

So where should you buy?  Ski of sea??

If skiing is not your thing, the Black Sea coast with its beautiful beaches would seem sensible but the rental period, should you want to rent out your property is far shorter.  On the other hand, Bansko, which offers snow-making to prolong skiing at this premier ski resort, gives you year round opportunitiesbecause, aside from skiing, there are plenty of summer activities including horse-riding, white-water rafting to name but a few.

Some new popular developments include the very modern St George Ski and Spa located in the old town which has thermal springs and ancient roman baths. Set for completion by December 2008, a studio here would set you back about £32,000 and for this you have full benefit of all the facilities including the swimming pool with retractable glass roof.

Palma Springs Holiday Club and Spa is located at Golden Sands on the Black Sea.  Here the attraction will be a hot spring mineral spa and health centre. With a more glitzy feel, Golden Sands is more upmarket than its neighbour Sunny Beach, and offers facilities for all ages.

So should you be pressured into buying before Bulgaria joins the EU in January 2007?  No.  despite thoughts that property prices will increase after January, there is no resale structure currently in place in Bulgaria so even if prices do rise, it could be hard to sell your home, particularly while new properties are being developed. A re-sale structure will take a few years to be put in place so if you decide to invest now, you should view it as a five-year investement.

Properties built since January 2006, when building regulations were in place, will prove very desirable. Garden of Eden is a beachfront scheme, built to blend with traditional Bulgarian architecture and is located in the village of St Vlas.

For residential properties in Bulgaria visit AddMyProperty.com

This entry was posted on Sunday, December 10th, 2006 at 11:04 am and is filed under Bulgaria, Buying property. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.