Figures are just out proving that Bulgaria is just as popular as ever for real estate investment.
Foreigners have spent EUR 817,000,000 on property in Bulgaria for the first six months of this year!
These statistics were made by the Bulgarian National Bank (BNB) data and came out on 14th August 2007. This is a staggering 79% improvement compared with the the same six month period of last year.
With Bulgaria's excellent climate, Black Sea Coast and winter skiing resorts combined with probably the lowest-priced properties in Europe, foreign investment has been here for many a year and last year these attractions hit an all time high. Foreigners spending will certainly exceed last year's figures based on the figures just out.
British people bought more houses in Bulgaria than any other country, mainly on seaside resorts which made up almost 16% of the total money spent on properties nationally.
With Bulgarian now firmly in the EU as from January this has seemingly had no effect on the market as property buying laws have not changed. Foreigners could always buy real estate before with of course the exception of the land itself which has to be bought by a registered Bulgarian company set up by individuals.
http://www.bulgarianrealestateonline.com
http://www.ourbulgarianworld.com
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