Bulgarian summer resorts are quickly gaining popularity

Maltese investors are buying holiday apartments either on Bulgaria’s Black Sea coast or at a ski resort for half the price of a similar property in other parts of Europe.

Bulgaria joined the European Union this January and property specialists are anticipating that developments will follow. Interest among Maltese developers who are planning to invest in this country is increasing.

Bansko is the most sought after area at the moment; a new luxury development in this area ranging from studio apartments to three-bedroom flats, with sizes from 30m² to 125m² including a basement and underground car park has prices starting from only €30,000.

Vitosha Boulevard in the Bulgarian capital has been ranked one of the world’s top shopping destinations and ranked higher than shopping sites in Canada, Brazil, Finland, Sweden and Belgium. Sofia will soon have a run for extreme skiing and snowboarding and at present there are golf courses in Elin Pelin, near the capital, one at Ihtiman and another one in Sliven.

Business opportunities in Bulgaria are manyfold, as real estate and land prices are extremely low compared to Western and most Eastern European States. The harmonisation of Bulgarian legislation with that of the European Union means that the actual process of a real estate transaction in Bulgaria is not that much different to the procedure followed in Malta.

 Print This Article      Email This Article