Compare Listings

Bulgaria to join the EU

Bulgaria’s accession to the EU was confirmed on the 26th September 2006, and subject to the country meeting terms and conditions, it will become a member in January 2007.

This is fantastic news for the country which was under the communist regime until 1990. Experts have predicted this will lead to a property boom similar to that in Spain, with an increase in prices and rental yields, along with the safeguard of EU regulations.

The EU has already invested €240 million for improvements to the infrastructure and economy, and a further €4.4 billion has been set aside in the EU budget to be used between 2007-2009.

Prices are predicted to rise steadily over the next few years, as the country becomes more attractive to tourists and businesses. Demand for rental properties in the resorts as well as the capital Sofia, where the main government offices and embassies are located, will increase as will rental yields.


Related posts

Reduced by £10,000. Sea view 2 bed on Sunset Pearl

This property has just been reduced by nearly 15% from £69,995 to £59,995. A beautifully...

Continue reading

Al Dau Heights Hurghada Construction Updates

The Exclusive Al Dau Heights project is progressing nicely in terms of sales and construction....

Continue reading

Tiba Nouria

Announcing the sale of our newest project: Tiba Nouria. An exclusive private development of studio,...

Continue reading