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Bulgarian Real Estate

Architecture
Many of Bulgaria’s villages have timber-built houses. Heritage villages from the National Revival Period (18th – 19th centuries) such as Koprivshtitsa, Bozhentsi, Kovachevitsa, Shiroka Laka and Zheravna have wonderfully preserved and restored houses. They feature graceful curved bay windows and ornate wooden ceilings, along with hand painted murals that show influences from Western Europe. Narrow cobbled streets and stone homes with slate roofs are a distinctive feature of many Rhodopes and Stara Planina villages.

Old Roman and Turkish bridges and merchant roads are found throughout the country. In several big and small towns there are architectural ensembles: Plovdiv, Veliko Tarnovo and Arbanasi, Bansko and Melnik are proud of their preserved traditional Bulgarian architecture.

Real Estate
Bulgaria is currently considered to be one of the world’s best property hotspots. According to the Knight Frank Global House Price Index Q1 2008, Bulgaria had the greatest annualized price growth of , at 31.5%.

Despite signs that the property market in same areas is approaching saturation point, residential property prices continue to rise in Bulgaria. Sofia, the Bulgarian capital, offers excellent investment potential and, according to Ernst & Young’s report for 2008, investor confidence in Bulgaria is set to continue well into 2009.

Bulgaria has the lowest prices of services and real estate of any country in the EU; it also has the potential to increase until it reaches the levels of other EU countries. Bulgaria is a politically stable state, with a strong banking system that can withstand significant financial or economical setbacks.

Sofia provides opportunities for high return strategic investments. According to projections of the World Travel Tourism Council, 16 million tourists will visit Bulgaria per year by 2017.

Significant investments have been made for the purposes of developing the country’s infrastructure, supported by EU funds.

 

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* Automatic translation provided by Google.