Bulgarian Properties

Bulgaria Country Information

The Bulgarian properties hot spots are currently around the Bulgarian coastal resorts of Burgas and Varna. More specifically, the Golden Sands and Sunny Beach holiday resorts. There is also growing interest in Bulgarian properties in the ski resorts such as Bansko.

The Bulgars, a Central Asian Turkic tribe, merged with the local Slavic inhabitants in the late 7th century to form the first Bulgarian state. In succeeding centuries, Bulgaria struggled with the Byzantine Empire to assert its place in the Balkans, but by the end of the 14th century the country was overrun by the Ottoman Turks.

Northern Bulgaria attained autonomy in 1878 and all of Bulgaria became independent in 1908. Having fought on the losing side in both World Wars, Bulgaria fell within the Soviet sphere of influence and became a People's Republic in 1946. Communist domination ended in 1990, when Bulgaria held its first multiparty election since World War II and began the contentious process of moving toward political democracy and a market economy while combating inflation, unemployment, corruption, and crime.

Today, reforms and democratisation have resulted in Bulgaria being accepted into the EU.

The country joined NATO in 2004 and the EU in 2007.

The Bulgarian economy has been very strong and grown for many years. Millions of euro of foreign investment has poured into Bulgaria in the forms of EU grants and loans and private and corporate investment in businesses and properties in Bulgaria.

Bulgaria is still a place of extreme variation in property prices. Coastal property and property in central Sofia is out of reach for the majority of Bulgarians and on the other end of the scale there are still locations where livable 3 or 4 bedroom detached properties can be found for less than 10,000 euro!