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| Bulgaria, located on the Balkan
Peninsula in Sou-theast Europe, is arguably the most stable country
in the region. The country has been spared the tur-moil of unrest
that most of it's neighbouring coun-tries have went through on the
road to establishing democracies. The population of Bulgaria is appro-ximately
7.6 million. Bulgaria is a country blessed with a great deal of geographical diversification. Three mountain ranges run through the country (Stara Planina-The Balkans, The Pirin and the Rhodophi) offering skiing in the winter. The Black Sea borders the country to the east, with 354 kilometres (218 miles) of coast line. The climate on the coast is warm and dry in the summer, making Bulgaria's Black Sea coast a favo-urite holiday destination for many Eastern Europe-ans for the past 35 years. In the 1980's, many We-stern Europeans began to discover the Bulgarian coast as a holiday destination. The average tempe-rature of the Sea along the south coast is 25 C (77 F) in July and August. In 2010, a new government was elected by the people of Bulgaria, GERB, which is headed by Boiko Borisov. Mr. Borisov previously held the post as head of MVR overseeing the police force of Bulagria. GERB ran on the platform of "stamping out corruption". Bulagria joined NATO in 2004 and achieved membership in the European Union in 2007. Why Bulgaria ? We at Sun Coast Villas Ltd. realise that many of you may not be that familiar with Bulgaria and wonder “Why would anybody want to invest there?” We therefore decided to put this question to ourselves and local agents in the real estate market. The following is a “short list” of why an investor should invest in Bulgaria. • Relatively inexpensive property in comparison to other holiday resort areas in Europe. • Property prices have seemed to stabilize and bottomed out in complexes in prime locations. Many recent seller who had bought near the height of the property booms are still able to sell for their initial investment and some are even making a profit which is almost unheard of in today's market. • Bulgaria has one of the least expensive costs of living in all of Europe. • Bulgaria is blessed with a great deal of geographical diversification- many fine sandy “blue flag” beaches on the coast with skiing in the mountains in the winter. • Bulgaria has a history dating back over 7 millenniums, giving the country a great deal of cultural heritage. • Bulgaria has a pleasant climate, with some areas receiving over 300 sunny days per year. The Black Sea Coast averages over 1,700 hour of sun during the tourist season. • Bulgaria abounds with a wealth of natural mineral springs and organically grown produce. Many of the foods are raised naturally, since commercial farming is not widespread in Bulgaria. • Bulgaria is close- Bulgaria is in Europe so naturally it is within 3 hours or less from the United Kingdom, Western Russia and Germany. Some companies offer charter flights directly to the coastal areas. • Bulgaria is stable- Bulgaria has been undoubtedly the most stable country in SE Europe. While surrounding countries have suffered through wars and civil unrest, Bulgaria has remained peaceful. • Bulgaria joined NATO in 2004 and has joined the EU in 2007. • Bulgaria is financially stable. - In 1999 the Bulgarian currency was tied to the German mark and subsequently the Euro, stabilising the currency and allowing for economic growth. • Property values in prime properties are close to the same as in 2004, when the property market in Bulgaria was just being discovered on a larger scale. • Many existing apartments can be purchased fully furnished as opposed to having to furnish a new apartment. |
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