EU membership to boost Bulgarian investment

Bulgaria's expected membership of the EU is likely to boost the already booming property investment opportunities available in the Eastern European nation.

Capital Sofia along with Bansko and the Black Sea resorts are being tipped to become even more popular with Britons looking for a sound investment.

"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" said Mike Wellings of Winslow Developments, a British firm that has built apartments in the city, in the Independent.

Expectation comes as Bulgaria rapidly improves the quality and quantity of property available for investors.

Yet bargains are still to be had, with Cherkonova apartment block prices at the low price of £913 per square metre, or properties starting at £64,000.

When EU membership does come, then Bulgaria's resorts on the golden sands of the Black Sea or in the mountains are likely to go up even more in value, benefiting those who invest early in the country.

28/07/2006

Return to previous page...