Top Tips for Investment in Bulgaria

Bulgarian Property as an Investment

Bulgarian property is an excellent investment. Wise investors know that a relatively young market like Bulgaria can provide substantial return on investment.

Places to Invest

You are probably already aware of the property boom along the Black Sea Coast. Quite possibly, you know that there are two very large sea-side resorts, Golden Sands (north of Varna) and Sunny Beach (north of Burgas).

There are also several other, smaller resorts that offer excellent return of investment. Prices in the areas listed on this page are likely to increase substantially over the next few years, so now is definitely the time to buy.

Our recommendations include:

Sofia

Sofia is the official and administrative capital of Bulgaria. It has the largest and busiest airport in the country. It is the gateway to other parts of Bulgaria, by road, rail and air. The main commercial route from Serbia and Hungary to Greece runs through the city. Many international businesses have recently established their Eastern European Headquarters in Sofia. It is also a popular location for international call centres and customer service centres.

Properties at Sofia include:

Varna

Varna is the Sea Capital of Bulgaria. It has one of the largest commercial ports in the country, and is a major naval base. The international airport has scheduled flights to several countries in Europe, including the UK and Italy. The main commercial route from Turkey to Romania, Hungary and Western Europe runs through the city. Varna is also a coastal resort and the most important retail centre in Bulgaria.

Properties at Varna include:

Balchik

Balchik is a pretty town that nestles at the foot of white chalk hills. Cobblestone streets, which twist and turn up the side of the hill, provide views across the rooftops and down to the sea below. The beautiful gardens of the Palace of Queen Maria and the stylish yachting marina are popular places to walk and enjoy the views. There is only a very small beach at Balchik (and this is about 3 kilometres from the main tourist area) so the main tourist attractions are the Botanical Gardens and the restaurants along the marina.

Properties at Balchik include:

Albena

Albena is probably the most exclusive resort on the Black Sea coast. The long, sandy beach is perfect for sunbathing and the calm, blue waters are safe for even the youngest swimmers. Tree-lined paths and formal gardens lead to the forests of the famous Batova Reserve. Albena is a family-friendly resort and is extremely popular with both British and Russian investors. Property in Albena resort is now exceptionally expensive. However, you can buy excellent properties just outside the resort at very reasonable prices.

Properties near Albena include:

Kavarna

Kavarna has a pretty, semi-circular beach which is surrounded by high cliffs. An exclusive new yachting marina is to be built, from which boats will carry visitors to the neighbouring golf courses. The town of Kavarna has a good range of facilities which includes a large sports stadium. It is the venue for a range of concerts that have made Kavarna famous as a centre for music and culture.
Kavarna and the surrounding area is likely to become the focus of a major growth in golf tourism. There are three international golf courses in the area, which is one of the most attractive locations along the Black Sea coast.

Properties at Kavarna include:

St Konstantin & Elena

St Konstantin and Elena is a relaxing spa and health resort. It has indoor and outdoor mineral water pools, with water temperatures between 40°C and 60°C. The combination of soft, sandy beaches, parks and forests make this a really splendid resort. St Konstantin is an excellent sea-side resort for people of all ages. There is always a great demand for apartments in St Konstantin and Elena, which makes a property in this resort a wise investment.

Properties at St Konstantin & Elena include:

Investment when Property Prices are Rising

Many entrepreneurs have made their fortunes by buying properties just as the prices start to rise, and then selling them just a short time later at substantially higher prices. When the property market is lively, TV channels are full of programs that describe how to renovate old properties, how to rent your properties to students, business executives or families, and how to prepare your properties for sale.

If you buy and sell at exactly the right time in a rising market, you can certainly make a substantial profit. However, it requires skill and a thorough understanding of the market to judge the best time to buy and sell. It requires a detailed knowledge of the country, of the trends in different regions of Bulgaria, and an understanding of the type of property that is attractive to the various sectors of the market.

We have specialist knowledge of the Bulgarian property market. We have in-depth knowledge of the type of property that purchasers are seeking. We know the rental market and which types of property achieve the highest and most regular rental income in different parts of the country. We study the cycles of purchase and re-sale and we can advise you on when and where to buy, and when to sell.

Investment when Property Prices are Static or Falling

To some people, the idea of buying property when the market is slow might seem a little strange. However, in a climate where financial institutions are struggling and interest rates are low, property is an exceptionally good investment. In fact, purchases made during a 'recession' can be less risky than purchases made when the property market is lively. In a rising market, timing is critical - it is vital to re-sell before the prices reach their natural maximum and start to fall again. When the market is slow, timing is less critical, but patience and commitment to the investment are needed. With low prices, and with sellers prepared to be flexible, a depressed market is a great time to pick up a bargain. Why allow your money to sit idly in a bank, where it earns almost no interest, when you can invest in property at amazingly low prices?

Property investment during a recession is a medium- to long-term investment. The most important element is the length of time that you are prepared to wait before you re-sell the properties. Ideally, you will be able to rent out the properties for a number of years, so that you are receiving a return on investment year by year. When the market recovers, the properties can be sold at their true market value - which will be substantially more than you paid for them. This is a relatively risk-free form of investment that can produce an excellent return.

Further information

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