We’re tired, oh so tired of it all already – all the talk of an untenable global credit situation, all the talk of house prices crashing and consumer confidence failing. But I suppose we’d better get used to it as nothing is going to change for a good few months yet! The new jazzy tabloid style reporting that even the great BBC seems to have adopted will whine on about it all for months and months and yet, you know what, it’s not all doom and gloom for the globe’s property markets!
In this article we’d like to impart some wise words for the future of the Bulgarian property economy. A property economy that many might think will be one of the first to fail as British and Irish investor interest ebbs away.
The Bulgarian resort of Bansko appears to be leading the way when it comes to establishing year round, strong tourism appeal meaning that Bulgaria property investment probably makes more sense in Bansko right now than anywhere else in Bulgaria.
Bulgaria’s property boom began along the sometimes sunny Black Sea Coast where there are many pretty towns, plenty of clean sandy beaches and now a plethora of often poorly designed and constructed holiday apartments and villas.
A recent article in ‘The Independent’ newspaper confirmed what many of us already believed to be true - Bulgaria’s ski resorts which are hugely popular with Eastern European skiers are now the most popular for Britons seeking an affordable winter holiday destination.
UK based property development company Eden Developments released a very promising property development on Bulgaria’s Black Sea coast. The ‘Garden of Eden Bulgaria’ sets out to offer property investors and overseas home buyers higher standards than you may have come to associate with larger scale property development in Bulgaria.
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