When investors are looking for countries to invest in, they pay attention to the performance of not only the region but also the country. Today, the market for properties for sale in Bulgaria is actively developing, and companies like Bulgarianresales offer many options for buying houses and apartments. But is Bulgaria worth the attention they pay to it? Let’s find out together.
Reasons for investors’ interest in the Bulgarian real estate market
Many investors still have doubts and ask the question іs Bulgaria the next hot spot for real estate investment? The answer is yes and there are several reasons for this:
- the market is growing;
- confidence of Bulgarian entrepreneurs;
- more building permits;
- rising real estate prices.
Each reason affects the Bulgarian real estate market in its way. But together they show that it is indeed a great market for investment.
Overall market growth
This is one of the most important reasons why investors are flocking to Bulgaria real estate. The local economy is actively developing and this trend should continue for the next 5 years. The IMF representatives even for this year gave a forecast of 3.5% growth of the Bulgarian economy. Such steady growth has a favorable effect on the determination of investors. They realize that their investments will be safe in Bulgaria and they will soon profit from them.
Confidence in the future
Apart from a good outlook from the IMF, the country’s overall indicators are fairly stable with steady growth. The consumer sentiment index for business increased by 8 points year-on-year. Accordingly, local entrepreneurs are confident in business development and this has an impact on the growth of the economy. As a result, the demand for real estate increases, and investors receive income from its rental. Therefore, by buying an apartment in Bulgaria you can be confident in the future.
Increase in building permits
Another reason why Bulgaria is a smart choice for property investors is the number of building permits issued. Over the last year, this indicator has increased by more than 40%. This means that the country has a favorable climate for the development of the real estate market. Accordingly, it is profitable to invest in the purchase of houses and apartments. because soon there may be much more competition in conventional tourist resorts.
Rising real estate prices
Another reason why Bulgaria’s growing appeal to international property buyers can be attributed to the overall increase in real estate prices in the country. Over the last 5 years, it has increased by 45+%. This shows the stability of this market and its constant development. Therefore, buyers should consider the Bulgarian real estate market for investment and permanent income with its help. It is also a good option to save your money by investing and selling real estate at the time of peak prices. all that is left is to find a company that will help to formalize such a transaction.
Who will help you to get a good deal on Bulgarian real estate
If you are looking to buy cheap property in Bulgaria, you should contact Bulgarianresales. Our staff will find you several favorable options for your purchase. We will provide you with the necessary consultations and help you at all stages of the transaction. You just need to contact us in any convenient way.
