Property Investment - Bulgarian Property

It has been reported that many Brits are falling for
Bulgaria 's charms with a growing number choosing to move
there permanently. In recent years investment has been the
main driving force behind the number of Brits buying
property

There are a number of factors for those choosing to move
but the low cost of living and the seemingly peaceful
surrounds are the most likely reasons so many Brits are
making the move. Many have also been able to rent out
there properties back in the UK , and live very
comfortably off the rental income

As more companies relocate to Bulgaria to take advantage
of the low wages and to strategically place themselves for
the countries' expected accession to the EU in 2007, many
British employees are expected to relocate with their
employers. Tourist areas have seen recent year-on-year
growth of between 25% up to as much as 100% however those
opting to live in to move permanently prefer to be based
inland.

Many Brits are buying around the Veliko Turnovo region
with home prices starting as low as GBP 10,000. There are
still cheaper homes available however many will require
additional funds to provide for renovations. The move is
been made by both retirees who find they can make their
pension stretch a lot further and younger people looking
for new business opportunities and finding it difficult to
get on the property ladder in the UK.

EU Final word on Bulgaria to be known soon

Oli Rehn, European Enlargement Commissioner is soon
expected to present his report on Bulgaria Romania's
accession to the EU in January 2007. It is generally
believed that the planned memberships will go ahead
however the accession treaty does contain a safeguard
clause allowing membership to be postponed by one year if
further reforms in each country are deemed necessary. in
the country but many have decided to buy and live outside
the Sunny Beach area and a few miles inland as well as
other village areas around the country. in Bulgaria .