In recent years Bulgaria has made huge economic progress by attracting big foreign investors, stabilizing its currency, and overcoming a number of difficulties related to infrastructure, inflation, low consumption expenditure, etc.
Today Bulgaria’s summer and winter resorts are ranked among the most popular destinations in Europe and overseas.
The prices of real estate properties in Bulgaria are considerably cheaper compared to countries having similar features like weather conditions, infrastructure, built-up area density, range of services, etc., so they are very much wanted by buyers from all over the world. Quite many of them acquire Bulgarian properties with the aim to resell them for a profit at a later stage because their prices are steadily growing, and this tendency is reasonably expected to go on at least for the next few years.
Investing in buildings or land depends largely on investors’ future plans. It’s really worth pointing out, for example, that, in stead of investing 50,000 GBP in purchasing a standard residential apartment in a good tourist area, for the same sum of money, they could choose to buy a parcel of land for a whole residential complex or luxurious houses to be built on it. Therefore, such an investment could bring a profit of 500,000 GBP instead. Undoubtedly, this can’t be a risky investment and the investors will surely be able to sell the new residential properties in good time.
Should you consider investing in land property in Bulgaria, you can rely on our company Bulgarian Real Estate Ltd. to assist you in putting into practice your idea about what you seek to build on your piece of land. We can render a wide range of services connected with surveying and building works.