Investment property Bulgarian ski resorts attract more overseas property investors
Released on = February 8, 2006, 5:16 am
Press Release Author = Dreams2realty S.L.
Industry = Small Business
Press Release Summary = Bulgarian ski reosrts are now a serious alternative to
France, Switzerland or Austria for U.K. investors looking to buy investment property
abroad .
Press Release Body =
FOR IMMEDIATE RELEASE
12/02/2006
Bulgarian ski resorts are now a serious alternative to France, Switzerland or
Austria for U.K. investors looking to buy investment property abroad.
There has been a 40 per cent increase in enquiries for investment property abroad in
Bulgarian ski resorts since September 2005, as overseas property investors seek to
capitalise while prices remain low. Exclusive resorts such as Aspen Golf in Bansko
offer affordable Ski property and strong long-term investment potential, according
to investment property experts. An off-plan studio or one-bedroom apartment start
from €50,000 (£35,000).
Over 30 per cent more UK holidaymakers visited Bulgaria in 2005, leading to an
influx of travel companies with a majority of them offering guaranteed rental
schemes. With a number of no thrills airlines looking to open up more direct routes
to Bulgaria, this can only add to the long term growth of property investment.
Rental yields through guaranteed schemes are about nine per cent, while property
investors letting independently are achieving yields of about 12 per cent.
However there are risks involved with buying Bulgarian property. Although Bulgaria
is quickly establishing itself as a more mainstream destination it still remains an
emerging market. The resale market is not as well established as other countries due
to Bulgaria\'s status as an emerging economy and the large number of new developments
being continuously released.
Overseas property investors have to decide whether they are prepared to take the
risks associated with a new destination in an immature market such as Bulgaria, or a
more established low-risk destination such as Spain which is more expensive to
invest in, therefore offering lower returns short term .
With Bulgaria\'s membership to the EU looking imminent, it appears that many
investors believe it’s a risk definitely worth taking.
A typical 2 bed Spanish investment property in Almerimar - Costa Almeria – Spain
will cost aprox 105,000 euros compared to 50,000 euros for an apartment on the Ski
slopes of Bansko in Bulgaria. Both examples taken from http://www.d2rworldwide.com
property search.
For more information on Bulgarian investment property:
http://www.d2rworldwide.com/propertynews.php
For more information on Spanish property investment: http://www.dreams2realty.co.uk
For any enquiries regarding property abroad call:0044(0)845 241 6745 or enquire at
http://www.d2rworldwide.com
Web Site = http://www.d2rworldwide.com
Contact Details = Robert Horwood||Plaza de los Faroles, san pedro||Marbella ,
29670||$$country||||0034677564890||rob@d2rworldwide.com||http://www.d2rworldwide.com