Property fastest growing asset in Bulgaria

September 30, 2004
Property the fastest growing asset in Bulgaria. In 2003 property prices in Bulgaria saw an overall increase of more than 25%. Some properties increased by 50% in one year, especially in Sofia, the Black Sea beach resorts and ski resorts (mainly Borovets a

Property the fastest growing asset in Bulgaria. In 2003 property prices in Bulgaria saw an overall increase of more than 25%. Some properties increased by 50% in one year, especially in Sofia, the Black Sea beach resorts and ski resorts (mainly Borovets and Bansko).

The improved economic conditions, political and social stability in Bulgaria over the last 3 years have brought to a real boom of Bulgarian property prices. Another important factor for the rising property market in Bulgaria is the country’s large tourism potential. There are many natural attractions, including high mountains, the beautiful and clean Black Sea coast, preserved rural areas, as well as a great cultural and historical heritage.