Bulgaria


Bulgaria is situated in the South-Eastern part of the Balkan Peninsula. The country's population is 7.7 million and it has a territory of 110 912 sq. km. It borders Greece and Turkey to the south, and the Republic of Macedonia and Yugoslavia to the west. The River Danube separates it from Romania to the north. Its natural eastern border is the Black Sea. Bulgaria ranks fifteenth in size amongst European countries. Its climate is Continental-Mediterranean. Situated in the centre of a region which is undergoing dynamic transition, within 500 km of its capital Sofia (1.2 million people) a population of over 60 million is concentrated throughout 10 countries, most of which have only recently embarked on their way to a market economy.

This is a large market with one of the most rapidly increasing market demands in Europe. All these regions are only several hours drive from any point in Bulgaria. A network of international motorways crosses the country, making vital connections to Western Europe, Russia, Asia Minor, to the Adriatic, the Aegean and the Black Seas.

As Bulgaria is drawn closer to the time of accession to the EU, investing in the region is looking an increasingly attractive proposition. At the same time the GDP per capita is increasing, the financial services industry is developing and mortgages are more widely available at better rates. The demand for real estate is increasing and prices are increasing. The later combined with the increased interest of foreign investors are the key components of a fledgling boom in the local property market. Poland is a very good example of an area where this process is already in full swing; prices in Warsaw are now 3 times higher than in Sofia.