Bulgaria still good value for money

[Offplanpropertyexchange]

Bulgaria may not have been top of the list for second homes over the years, and the concerns over rampant corruption in the country cannot have inspired confidence among would-be investors.
But it is one of the locations benefiting as investors begin to search out emerging property markets as the potential for making a profit in more traditional markets evaporates.
£116,000 would buy you a three-bedroom villa on the Black Sea Coast, complete with open-plan kitchen, a large garden and three bathrooms. It may not be in the land of wine and cheese, but it is just down the road from Varna, a seaside resort and one of Europe's oldest cities.

[nemtyrev]

I sell apartments there.It`s nice country,but now need to wait good time to go this market,when prices will fall to bottom,and later they wil raise again

[Sam]

The french daily Le Monde reports on 20. 01. 2009 the following story. A couple from Lyon put their 73 sqm two bed apartment for sale last summer for 237000 euros. The best offer they could get was 200K, so they decided to rent the place instead for 760 euros. That's under 4% annual yield.

Now, let's see how do you invest 200K nowadays in the EU. How about going East, to the "New Europe"? 200000 euros buys you a 180 sqm three bed in Sofia, Bulgaria. Rental income? 1000 euros, to be conservative. Any thoughts?

Real Estate Investment in Bulgaria for discerning investors.

Sam