Investment property. Bulgarian ski resorts attract more overseas property investors
Bulgarian ski resorts are now a serious alternative to France, Switzerland or Austria for U.K. investors looking to buy investment property abroad.
There has been a 40 per cent increase in enquiries for investment property abroad in Bulgarian ski resorts since September 2005, as overseas property investors seek to capitalise while prices remain low. Exclusive resorts such as Aspen Golf in Bansko offer affordable Ski property and strong long-term investment potential, according to investment property experts. An off-plan studio or one-bedroom apartment start from ?50,000 (?35,000).
Over 30 per cent more UK holidaymakers visited Bulgaria in 2005, leading to an influx of travel companies with a majority of them offering guaranteed rental schemes. With a number of no thrills airlines looking to open up more direct routes to Bulgaria, this can only add to the long term growth of property investment.
Rental yields through guaranteed schemes are about nine per cent, while property investors letting independently are achieving yields of about 12 per cent.
However there are risks involved with buying Bulgarian property. Although Bulgaria is quickly establishing itself as a more mainstream destination it still remains an emerging market. The resale market is not as well established as other countries due to Bulgarias status as an emerging economy and the large number of new developments being continuously released.
Overseas property investors have to decide whether they are prepared to take the risks associated with a new destination in an immature market such as Bulgaria, or a more established low-risk destination such as Spain which is more expensive to invest in, therefore offering lower returns short term .
With Bulgarias membership to the EU looking imminent, it appears that many investors believe it?s a risk definitely worth taking.
A typical 2 bed Spanish investment property in Almerimar - Costa Almeria ? Spain will cost aprox 105,000 euros compared to 50,000 euros for an apartment on the Ski slopes of Bansko in Bulgaria. Both examples taken from http://www.d2rworldwide.com property search.
For more information on Bulgarian investment property: http://www.d2rworldwide.com/propertynews.php For more information on Spanish property investment: http://www.dreams2realty.co.uk
For any enquiries regarding property abroad call:0044(0)845 241 6745 or enquire at http://www.d2rworldwide.com
Off Plan Property -The Property Investment Goldmine? - FOR IMMEDIATE RELEASE12/12/2005Off Plan Property -The Property Investment Goldmine?Off Plan Property is when investors buy property that is yet to be built in order to leverage their small deposits a .. (981 Views)
UK Investment Property - Buying Off Plan Property Advice - FOR IMMEDIATE RELEASE23/12/2005Property Investment UK - Buying Off Plan Property Advice"Property Investment - How can we do that?" "Many of our clients are first time investors who want to jump on the .. (305 Views)
Off Plan Property - Property Investment Made Simple? - FOR IMMEDIATE RELEASE31/12/2005Off Plan Property - What a load of B*llSh*t?Over the past 5 years several property investment companies have sprung up offering naive property investors the chance to sh .. (304 Views)
