Bulgarian Property Investments - Is It The Real Deal
Released on = February 25, 2007, 8:48 am
Press Release Author = BuyProperty4Less
Industry = Real Estate
Press Release Summary = Bulgarian Property has experienced Year on year increases of 10-15%+ - Are they sustainable or will the rot set in?
Press Release Body = FOR IMMEDIATE RELEASE 12/12/2005
Bulgarian Property Investment - Will The Bubble Burst?
Bulgarian Property off plan has recently been in the spotlight as one of the World\'s most attractive investment hotspots. \"\"Off Plan\" means that investors purchase property before it is built and in many cases offer high rewards by the time the property is completed which can be anywhere from 3 months to several years
Is the Growth set to continue?
With the economy currently growing at 4.8% over the last 5 years it is no surprise to see how prices have doubled (even trebled) within the last few years. Inflation however, has been reduced at 2.7% (2004)
Damian Qualter MD of BulgariaProperty4Less states \" We having been selling Bulgarian Property Off plan for a number of years now. we have seen massive increases in prices in recent years and demand is still strong. We had a waiting list of over 200 investors for our last offering in Bansko with was oversubscribed in a number of days\"
Why is Off plan investing here still so attractive?
1. High yields - currently 10-12% for residential property 2. Bulgaria acceptance into EURO imminent 3. Labour Force and cost of living cheap by western standards 4. Small deposits can offer high ROI (returns on investments) 5. Current undersupply in New Build Property in certain areas 6. Prague is becoming a new Booming holiday destination 7. Population of 10m 8. Adoption of Euro estimated by 2011 9. Shortage of \"Decent\" housing - many locals need re-housing in short-term
Qualter continues \"Our investors seem to be choosing the high quality developments rather than going for the cheapest thing possible. BulgariaProperty4Less only promote schemes that offer our clients bank guarantees for security and we only deal with the most reputable developers\"
Asked what are the pitfalls of investing in Bulgarian property Off Plan Damian Qualter replies \" We feel that you must buy in the right areas. Know what is included in the price and use UK speaking experts but apart from that I still feel Bulgarian Off Plan Property offers excellent prospects for those who are properly prepared\"
Contact Damian Qualter for more information. Direct line: (0044) 161 445 4458 Email: sales@buyproperty4less.com More information can be found at: http://www.BulgariaProperty4Less.com.
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