Geography

Balkan Peninsula in Southern Europe
Capital - Sofia
Flying time - approx. 3 hrs from London (direct flight)

Currency

Leva
1 EUR = 1.95 leva
1 GBP = 2.95 leva

Example of prices

Taxi - 10 km about £2
35 pence for a beer
Meal at a restaurant 4 persons - £15

Population

7,801,300

Ethnic groups

Bulgarian 83,94%,
Turkish 9,42%, Roma 4,68%, and others

Language

Bulgarian (official)
Second language: English

Why invest in Bulgaria?

Freehold Properties

Lowest property prices in Europe with big
potential from full membership of E.U.

Buyers (mainly British, Irish, Dutch,
Russians, Germans) buy property in
Bulgaria for either investment, holiday
home; potential market for relocation
and retirement, or a combination of any
of the above. Listed below, are the main
reasons why Bulgaria appeals to all
types of buyers.

For investors:

Capital appreciation

likewise with Cyprus and the years prior to EU accession, property prices have been rising the last two years in resort locations over 25% per year.

Low taxation

As from 1st January 2007 Corporate Tax has been reduced to 10% and the same will apply to Personal Tax as from 1st January 2008.

Due to the EU accession Bulgaria has shown an amazing improvement and all services have been adapting to EU laws and regulations: Land registry / Banking system.

Generally speaking, Bulgaria’s geographical position has enhanced EU expansion and its four seasonal climatic conditions and magnificent natural beauty are key factors in the tourism industry ( currently one of the fastest growing tourist desti-nations in Europe ) which inevitably push property prices up.

For holiday home and permanent
home buyers:

Magnificent nature, coastal and ski resorts

Low cost of living, activities and sport facilities

The climate - four seasons (Mediterranean climate by the coast and cool temperatures in summer in the mountains and snow days in winter); probably one of the most beautiful countries that one can enjoy, superbly picturesque, including long sandy beaches, mountains and ski resorts, cosmopolitan cities, traditional villages and restaurants, fascinating history and monuments, welcoming people, English is widely spoken as well as other European languages.

Bulgarian hospitality

Black Sea Ports: Varna, Burgas

Airports: Sofia, Varna, Burgas

Visas For EU citizens - 30 days visa free regime.

Roads Right hand drive; speed limits:

residential areas - 50 km/h; country roads - 90 km/h; motorways - 120 km/h; electricity 220 V, 50 Hz

Getting there: by air - 3 hours from London to Sofia then by car on the E80 to the ski resorts, direct flights to Varna and Bourgas for the coastal resorts.

Tourism: Skiing in the mountains; summer resorts in the mountains and on the Black sea

Fastest growing tourist destination since 2003 (UK holiday makers: 66%).

One of the fastest growing economies in Europe.

Fast developing technological and infrastructure facilities, recently financed by the EU.

Property prices have risen by 20% during the last 12 months and 30% close to the tourist resorts concentrated on by Best of Bulgaria (Golden Sands, Albena and Borovets)!

EU citizens do not require visas.