Why invest in Bulgaria?
Entry to the European Union means many things for Bulgaria, the country has recorded a dramatic increase in property values prompting European investors to sit up and take notice of this thriving Baltic region.
As EU and foreign investment flows into the economy, the country is currently undergoing a series of improvements to its infrastructure to bring it in line with EU standards. Bulgarians are enjoying improved economic standards and lower inflation rates and in January 2007, Bulgaria announced the lowest levels of corporation tax in Europe, at just 10%.
Tourism figures are predicted to reach 10 million by 2020 and for a third consecutive year Bulgaria maintained its position as Europe’s cheapest tourism destination. The potential for market growth is incomparable with any other emerging EU property markets; Bulgaria offers one of the best investment opportunities available.
Bulgarian Investment facts;
As one of the world’s greatest emerging tourism markets, number of tourists visiting the country is expected to exceed 20 million by 2010.
Early stage of development in Bulgaria, ideal time to invest
Bulgaria as a whole is currently undergoing an immense regeneration programme with a total of €111.13 billion (£75 Billion) EU funding to be invested by 2013
Low-fare airlines are increasing their flights from the UK to Bulgaria, making the country more affordable and easier to access.
Increased economic stability which means reduced interest rates; resulting in more affordable mortgages over the next couple of years which will drive property prices up.
With no other countries likely to be accepted into the EU in the near future, buying in Bulgaria offers investors the last chance to benefit from the economic transformation that EU status brings.
Multinational giants are moving operations to Bulgaria (Capital One, Ford, General Motors, HP, Sony) driving the demand for high quality new build residential property.
Lowest corporation tax in Europe at 10%.
Low operational costs, highly skilled multilingual workforce with one of Europe’s most competitive wages.
Attracts the highest Foreign Direct Investment of the 10 newest EU member states.
Receiving over €11 billion in EU funding over the next 6 years to develop the economy and improve infrastructure.
Over 5 million tourists visited the country in 2006.
