Boost for Bulgaria
Results from a recent Saga Travel Money survey have unveiled Bulgaria’s popularity with the UK retirement community, these findings were released in the same month that the Bulgaria Register showed an 18% increase in foreign visitors from around the world travelling to Bulgaria.
Lisa Harris, spokesperson for Saga Travel Money says: “There is some evidence to show that less likely destinations such as Bulgaria are becoming increasingly popular with retirees who wish to spend their post-working life overseas. There are a number of factors that attribute to this increased popularity, such as its relatively low house prices which are seeing a steady increase due to the country’s recent connection into the EU. In fact the recent connection has caused even more interest it seems.”
Greg Marshal from Solihul, has bought a property in the Sunny Beach area of Bulgaria, he is very happy with his property and in a recent interview said: “I wanted to purchase in an area that was emerging and was relatively new as a tourist area. Traditional areas such as Spain or Portugal didn’t really interest me as I felt the market there was at its peak and the purchase prices of property reflected this. Making a return from my purchase was also a smaller part of my reason to buy and I rent the apartment out myself through my own website so I am making a return on my investment as well.”
According to the AIPP (Association of International Property Professionals) there are many more people like Greg out there still keen to purchase in Bulgaria; results from 2007 show that Bulgaria is still top of the list for Brits buying property abroad with a 6% increase since the previous year. Steve Worboys, Director of Experience International a specialist property agency for Bulgaria comments, “The Sofia News Agency has reported an increase in property investment for the beginning of 2008, we are certainly receiving a lot of interest still for Bulgaria from holiday home buyers as well as investors. As Bulgaria prepares for its winter season we are expectant that buyers will again be looking for ski properties in the mountains alongside people like Greg Marshal who chose Sunny Beach for a milder and more affordable winter option than the UK.”
For more information on buying in Bulgaria call Experience International on 0800 6120901 or visit www.experience-international.com.
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Properties for sale:
Borovets Gardens, Borovets
A luxury, gated resort set in a stunning pine-clad mountain location, Borovets Gardens in Borovets, Bulgaria offers excellent facilities including a fitness club, sauna, restaurant and bar and studios from €49,970/ £39,136, one bedroom apartments from €88,977/ £69,686 and two bedroom apartments from €127,540/ £99,881. For more information please contact Experience International free on 0800 612 0901 or visit www.experience-international.com.
Costa Bulgara, Sozopol, Bulgaria
Luxurious 1 and 2 bedroom apartments with stunning views of the Kings bay on the black coast. Prices start from £24,422 / €35,386 for more information please contact Experience International free on 0800 612 0901 or visit www.experience-international.com.