Please click here to view prices.

Property prices obviously vary considerably throughout Bulgaria. The capital Sofia, established mountain ski resorts and the coast are priced considerably higher than less well know rural areas. Agents often advertise prices from as little as £5000. These properties are often little more than shacks situated far from the beaten track or indeed areas of any significant interest.

This is reflective of what you might achieve as potential rental income. For example, as a popular seaside resort, Sozopol’s season would be in the region of 160 (roughly May to October) days long. As a ball park figure, should you command £250 a week (varying throughout the season), for an average size apartment you would hope to achieve an income of approximately £5500 per annum.

So, on a £60,000 priced apartment you would expect to achieve a gross yield of approximately 9%. See equation below:

Gross rental yield % = Expected gross annual
rental income x 100
____________________________________
Purchase Price

You will hear and read many conflicting and possibly over blown statistics regarding growth. But undoubtedly with Bulgaria currently on the fringes of European membership (scheduled for 2007), considerable investment from both the EU and the United Nations, combined with the prospect of budget airline penetration and the vast interest from the British media in respect of property investment potential, we are merely at the beginning of any current growth curve.

Thankfully Bulgaria is now gaining a well deserved reputation for its culture, cuisine, wine, outstanding beauty and above all else, its uncompromisingly friendly and hospitable people. Bulgaria is there to be embraced. Long gone are the days of grey interiors, substandard service, bland food and mind numbing bureaucracy.