BULGARIA - CHEAP PROPERTY

"The Bulgarian property market is among the cheapest in Europe, along with bargain places one can find in Portugal, Italy, Lithuania, Greece," The Times wrote on Friday 20 May 2005.

It points out that last year prices rose by about 35%, and in the lead-up to EU accession in 2007 annual rises of 25% are predicted.

Among Bulgaria's advantages the article singles out its rich culture, stunning unspoilt villages and scenery as well as rock-bottom living costs.

"Rural houses for renovation are still widely available for less than £20,000. The cost of living is low and the climate excellent, and there is a wealth of historic towns, unspoilt villages and some beautiful beaches. Tuscany-like hilltop towns such as medieval Veliko Turnovo are to be found inland, while the ski areas in the Rhodope Mountains in the south are increasingly popular. Rental yields tend to be better for ski properties than those on the coast because of the longer ski season. You could expect about 12% gross yield for a good ski apartment and about half that on the coast."

The Times notes that most Brits are buying on the Black Sea Riviera, especially at Sunny Beach, Golden Sands and Burgas, and the resort city of Varna.

Full details about the ‘Super Borovets’ project, price madness in Bansko, golf developments in Bulgaria, and new apartments in Bansko and Borovets can be seen at the Bulgaria Properties Ltd web site www.BulgariaProperties.net. You can e-mail questions to advice@BulgariaProperties.net, or, if you have no Internet connection, call the company (in UK) at 0871 226 2296 to order a free 30-page hand-out, or just for a chat, if you prefer. They always have time for you.

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