Bulgarian properties are fast becoming the hottest European property destination thanks to a raft of factors which are making it difficult for British investors to ignore this Eastern European gem. With a range of beautiful landscapes spanning the cultured capital of Sofia and the ever-popular ski resorts of Bansko and Borovets, Bulgaria is tempting more and more Brits with its endless buy-to-let possibilities. And it seems many investors would do well to enter into the Bulgarian properties market before its planned entry into the EU membership occurs and prices are pushed higher.
Mike Wellings, a British property developer based in the ancient city of Sofia, explained the benefits of entering the Bulgarian properties market sooner rather than later. He told the Independent: “If Bulgaria gets EU membership – widely tipped for sometime in the next three years – the city will become a viable option for firms to base their central European HQs. That’ll be a major benefit to the economy and demand for homes.” Read more…