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Having only recently appeared on the map in investment terms, Bulgaria has become one of the best investment markets in Europe. Bulgarian property has already shown an average capital appreciation of 20 - 35% per annum, indeed many properties have already doubled their value since 2003. All indicators suggest that the trend will continue. Interest rates for mortgages dropped down from 15% at the beginning of 2005 to 6% in 2006. Bulgaria entered the EU in January 2007 and this will help push interest rates further down and property prices should rise in the same way that other successful property markets like Spain have in the past. The currency is stable and linked to the Euro. The Black Sea resorts are just a 3 hour easily available flight from the UK. All major tour operators offered holidays on the Bulgarian Black Sea resorts last summer and more than 2.7 million tourists visited Bulgaria up to July 2005 which showed an increase of more than 30% against the same period in 2004. This growth offers huge potential for the rental market, resulting in tour operators offering very substantial guaranteed rental incomes per year. Whether you are looking for a property for investment reasons of for your own use as an holiday home, the beautiful Black Sea coastal resort Sunny Beach is the place to be. The general cost of living is one of the cheapest in Europe with the average meal costing around £5 per head and a pint of lager 60p |
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