This is really interesting and we agree and disagree from an indepdent perspective (please don't take the caps lock as shouting, I just can't work how to do anything else to work out the difference between q and a)
Location:
Thriving holiday resorts dot the coastline
YES THEY DO
Within 30 mins from Varna, which is the most popular holiday destination for Bulgarians
NOT THE MOST POPULAR DESTINATION FOR BULGARIANS, BUT ANYWHERE ALONG THE BLACK SEA COAST WILL DO
Within 40 mins from Varna International airport
NO SO FOR NEXT YEAR, BOURGAS WILL HAVE MORE CHARTER FLIGHTS WITH HOLIDAY MAKERS LOOKING FOR "CHEAP HOLS" IN 2008
Situated in the heart of the Bulgarian winelands
??????????
Strong rental incomes (£450 per week)
DEPENDS UPON THE PROPERTY
Views over the ocean and the winelands.
????
Economically, Varna is among the best-performing and fastest-growing Bulgarian cities; unemployment, at 2.34%, is 4 times lower, per capita income is higher than the national average (2007). Many Bulgarians regard Varna as a boom town
IT IS CERTAINLY THE MOST "WESTERN EUROPEAN STYLE" CITY I'VE EVER EXPERIENCED IN BG
Logistics:
Low cost flights with Easy jet to Sofia start in November
LOW COST CHARTERS ARE PULLING OUT; HOWEVER, THIS IS THE CHANCE FOR VARNA TO ESTABLISH ITSELF AS AN UPMARKET DESTINATION
British Airways, BMI and Bulgaria airlines fly direct to Varna
Super highway has been approved to link Western Europe and Eastern Europe starting in Bulgaria. This will improve the trade routes linking Asia and Europe
Infrastructure:
2 Championship standard golf courses under construction in Balchik
MORE
F1 race track planned for Kavarna
TALK ABOUT THIS FOR YEARS - I AM A BIG F1 FAN, AND NOBODY KNOWS ABOUT THIS RUMOUR
Scottish company has recently bought out a luxury mall complex under construction in Varna
Roads and rail links are currently being improved
Quality of builders is now under scrutiny by the government
IT IS MORE IMPORTANTLY UNDER SCRUTINY BY THE EU!
Economy:
Strong growth in the economic sector fuelled by Foreign Direct Investment, construction, tourism and services industry.
Major European companies moving Eastern European headquarters to Bulgaria (Tesco)
Currency is aligned with the Euro
Adopting the Euro in 2009
MAYBE 2010 OR 2011
Bulgaria controls land trade routes linking Asia and Europe (oil pipelines)
FDI on the increase (53% increase from 2002-2003)
Bulgarias annual economic growth is a healthy 6.5%
The country boasts the second highest standard of living in Southeastern Europe in terms of GDP per capita.
Tourism:
Low cost flights available to sofia with Easyjet
Major airlines fly to 3 Bulgarian airports
Increased tourism figures during summer on the black sea coast, both north and south
Bulgaria now attracts close to 5 million visitors yearly. Tourism in Bulgaria makes a major contribution towards Bulgaria's annual economic growth of 6%-6.5%.
Real estate is booming, with some of the highest prices in the nation, often surpassing Sofia.
Good winter tourism figures in Sofia and Bansko (skiing)
Lowest cost of living in Europe
NOT SINCE THE TAXIS PUT UP THEIR FARES 25% TODAY - LOL
All major tour operators now operate in Bulgaria
SOME ARE PULLING OUT
Political Stability:
Previously under Soviet and Ottaman rule but now a member of the EU with a democratically elected government
Bulgaria has been a member of Nato since 2004 and the UN since 1955.
Factors:
Good summer season with high temps above 30 degrees centigrade
COLD WINTERS TOO - BUT GOOD FOR THE SKI ENTHUSIASTS
Plenty of local attractions
BUT IN POOR STATE, NOT SO MUCH AN ATTRACTION AS MORE A "NATURAL" THING
Long sandy beaches
Local and international cuisine
NOT REALLY, LOCAL CUISINE IS GOOD BUT INTERNATIONAL CUISINE IS REALLY POOR
Unspoilt countryside
DROP DEAD GORGEOUS
Low cost of living
No CGT on 1st property
DEPENDS UPON HOW YOU BOUGHT IT; AND ALWAYS REMEMBER IN THE UK THERE IS CGT TO PAY ON YOUR SECOND PROPERTY NOT MATTER THE CGT SITUATION IN THE COUNTRY OF THE PROPERTY
Strong growth in the property sector
OVERALL, I THINK YOU ARE PUTTING BULGARIA IN A VERY POSITIVE LIGHT, WHICH I AGREE WITH, BUT FOR LONG TERM GAIN.
It is oversimplified to state these kind of unsupported quotes.
We believe Bulgaria to be a great placed to buy - you will gain on capital appreciation and rentals, but BE REALISTIC
Hey ho, that's my two stotinki worth........