Bulgarian Property Off Plan - Will The Bubble Burst
Released on = December 12, 2005, 2:29 am
Press Release Author = BuyProperty4Less
Industry = Small Business
Press Release Summary = Is the Boom in Bulguia set to continue or will the Bubble Burst?
Press Release Body = FOR IMMEDIATE RELEASE 12/12/2005
Bulgarian Property Off Plan - 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 BuyProperty4Less 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. Bulgarian acceptance into EU imminent in 2007 - 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 6. Bulgaria is becoming a new Booming holiday destination
Qualter continues \"Our investors seem to be choosing the high quality developments rather than going for the cheapest thing possible. BuyProperty4Less 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 certain areas around Sunny Beach may be over sold and investors may be disappointed by potential returns - the place is somewhat of a building site at the moment and I wonder if some of the investors have really done their homework. 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.BuyProperty4Less.com.
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