08 July 2008

The potential of the rural houses market in Bulgaria

Why to buy a new apartment in the big city where the prices jumped so high? And why not to get a cottage with incredibly low price for house? Let`s say that they are really cheap but their biggest advantage is the wealth of choice. The fantastic opportunity to get two story house - renovated in old Bulgarian style, build with natural materials in the heart of wild and phenomenal nature for price of £5000 worth to be reconsidered.

But why to buy a rural house in Bulgaria at all?

There are properties available as good and lovely as the villas in France, Spain and Portugal. Only the price is different and of course the culture. The choice is between luxury seaside villa homes and small rural cottages, between new build modern city apartments to plots of land - perfect for building your dream home.

Bulgaria seems to currently represent an excellent opportunity for investment in property market. And if you would like to use this home for a couple of years and to sell it later you will be surprised how much the price is changed sometimes doubled or tripled. And if the apartments in the sea resorts are perfect opportunity to get rental income in the summer or to use it for your family vacation, the rural cottages are opportunity to sell it years later on a doubled price.

Is only the nature beautiful in this country ? What is keeping the popularity of Bulgaria as a tourist hot spot and what is the reason to continues to grow, what makes this country more and more attractive? May be the people, the culture, the prices for food and stocks, the adventure and peaceful life- you have to find your opinion and to discover Bulgaria by yourself. One vacation for a week in a rural region, or a tourist trip to some of the Bulgarian tows and villages is more than enough to find out and to learn why so much people have decided to buy a house and to live in Bulgaria.

There are two more reasons why property values in Bulgaria are expected to continue increasing at a double digit rate are the mortgage lending potential and the increased foreign direct and indirect investment in real estate.

The mortgage lending potential has a long way to develop. In Bulgaria mortgage loans are currently the fast growing banking sector and the interest rates are profitable and real.

And the increase in foreign investment is set to continue because of Bulgaria' s EU membership and the economical stability.
These are just a few factors for the Bulgarian property market but the reason capable to convince you in the advantages of buying property in Bulgaria is only your experiences in this country. Will you like Bulgaria enough to buy a home ?