Bulgaria Real Estate

Investing in Bulgarian vacation property is very popular among the foreigners. The number of property deals in the country for 2006 is 280 000 and the total sum of the transactions amounts to 10 billion EUR.

Tourism became one of the main Bulgarian economic sectors in the last years. That is why the government will lend a helping hand. Assen Gagauzov, Regional Development and Public Works minster, said that the ministry will support Bulgaria`s infrastructure transformation. Significant investment is planned to be made in resort infrastructure in the next three years.

At the same time contractors are looking for unoccupied niches on the tourism market.

More and more investors are interested in purchase and renovation of old spa centres. The trend began in 2006 and is expected to continue in 2007 and 2008. If this happens Bulgaria could turn into "second Baden Baden", according to Orlin Vladikov, head of National real property Association.

Golf Property tourism is expected to be another boom. Million of Euros are spent in development of golf courses near Sofia, at the seaside and in the most popular bulgarian ski resorts.

Kaliakra Invest Ltd. will spend 100 million EUR on the development of brand-new luxury vacation complex, located on a rocky area of Kaliakra cape at 65m above the sea and few km from Varna Properties. A glass elevators will take the guests to the beach. Azure del Mar is designed in Arabic style and will include an artificial river in its central part, allowing the visitors to use water transport, in order to get from one place to another. This Bulgaria Property complex will include other features like parks, gardens, 11 outdoor swimming pools, fitness and wellness centres, equipped with luxury and modern spa and sports appliances.

Another project of the same investor is the valued at 70 million EUR project Green Cost, located also around Kaliakra Cape.

At the same time “Creda Investment & co” Ltd., daughter company of the Chicago society “Development .co”, plans to buy 1600 decare building plot near Kavarna and to build modern hotel complex. The company plans to invest 50 million EUR in the project. The complex is planned to include villas in typical Bulgarian style and sport complex with golf course, tennis, volleyball, and basketball courts, swimming pools and spa center. There will be trade part with shops, restaurants and public places. The investor will spend another 10 million EUR on the infrastructure of the complex.

Looking for a exclusive bulgarian property for sale then visit our site BulgariaReals.com