Bulgaria Rises From The Ashes

Bulgaria s truly an impressive country, located in Eastern Europe with an elaborate coastline that extends to about 340 kilometers along the the black sea. The majestic mountain range,s in Bulgaria are among the world’s most charming and exotic , another thing that makes Bulgaria impressive is its historic capital city Sofia. Nowadays, Bulgaria is one of the most attractive places for tourists the hot spot for a dream destination. The other great thing about Bulgaria is its cheap land that is open to all investors , in other words, Bulgaria has become the ideal place or final destination for foreigners to invest in the property business. According to the UK rank chart, Bulgaria comes in second place, that alone gives outstanding investment return in a country. The most amazing thing is that Bulgaria maintains its position on the chart with 71 percent return on cash investment in 2009 .
Bulgaria has a great property market, after joining the European Union, Bulgaria become the ideal place for land investment; therefore, many Investment Company’s have invested heavily in the field of property. Bulgaria has the lowest priced property in Europe this makes the country a very attractive investment to foreigners wishing to invest their money in the field of tourism, because of its long stretch of sea coast line and skiing. So, Bulgaria is one of the cheapest countries in Europe that offers lowest rate,s in ski accommodation. Buying a home or building plot in Bulgaria is very easy and simple, and owning land in Bulgaria is also easy when you form a company . A Bulgarian company incorporation is the best solution for land investment in Bulgaria, and the cost of incorporation is almost 650.00 GBP. Sofia is the capital city of Bulgaria and the hot spot for investor,s because of its vibrant ski resorts and attractive property investments Varna is also a top class investment because of its beaches,s ; these are the best places to invest in. Therefore, each and every new development draws the attention of foreign investors to invest their money and they happily do it by buying in these places.
The price drop of real estate in Bulgaria is now going to bottom off compared to the last months, the property rate is as low as in 2005, the prices of real estate properties are down almost 45% This winter two or three months away , they will drop a little bit more. All the big and main cities of Bulgaria including Sofia, the price rate of properties are very low. Now Bulgarian banks are starting to offer mortgage loan,s again, and this is getting the market moving again .
There is another thing that attracts the foreign investor toward Bulgaria, that is its cheap labor ,with average salary,s being just 250.euro monthly and cheapest factory and office rental rates anywhere in Europe , these two things attract the companies to start their business over here.Company,s from Greece, France ,Italy ,and Ireland are already relocating here due to economics, First of all, The labor force is well educated but low in salary rate, and work performance is quite high, in spite of cheap labor. these thing,s are very beneficial for the foreign companies. Fuel is another thing that catches the attention of big multinational firms to relocate their firm over here, because the fuel that is available in Bulgaria is very low cost,being half the cost of the rest of the EU. This means cheaper transport of the factory products to the consumer These three things make Bulgaria an ideal place of investment. Therefore, lots of companies are beginning to open their warehouse,s and factory’s in Bulgaria and enjoy the low rate,s of rent and cheap well educated labor with low fuel cost,s . they gain huge profits: