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Bulgaria becoming "great commercial hub"
Membership of the EU has boosted investment in Bulgarian property and commerce, according to real estate experts.
With a recent Knight Frank survey naming Bulgaria second in the world for annual house price rises, British investors could experience excellent capital returns from bargain properties in the Balkan state.
In conversation with The Times of Malta, Franco Valletta, chairman of Maltese property developers Dhalia Group, said that Bulgaria's improving fortunes are due to its superlative tourism options.
"Rapid tourism growth in Bulgaria is mainly due to a good mix of markets. You go to the heart of Sofia, which is truly elegant, yet is becoming a great commercial hub, attracting huge institutional investors," he said.
He continued: "Then there are leading ski destinations such as Bansko, Borovets and Pomporovo, Black Sea resorts such as Albena, Golden Sands and Sunny Beach, central Bulgaria with its rose cultivation and perfume making, the Radopi Mountains and other beautiful places such as Plovdiv, with its 20,000-year-old prehistoric remains."
With burgeoning tourism, a swiftly escalating GDP and skilled, low-cost workforces available, the growing commercial investment in Bulgarian promises a healthy future for Brits looking to invest in property.
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