Bulgarian market – lots of possibilities and reasonable investment expectations

Properties in Bulgaria went through gigantic growth in their prices during the last several years. This fact can’t be hidden from foreign investors.
Some 10 years ago Bulgaria was a country where investing was a risky process. There were several factors that seized foreign companies to put their funds in our country’s economy branches. Now this period of uncertainty went down in history.
What can be said about the present and the last several years is that the progress of Bulgarian economy and the development of its property market were seen by contractors and wise investors. After the rapid growth of investment property market Bulgaria still has what to offer and lots of possibilities to develop.
The prosperity of every country is based on its economy, tourism, direct investments and employment. After the year of 1996 Bulgaria took the road of economy stability and strong development due to the quick financial reforms, responsible fiscal policy and the Bulgarian Lev bound to the Euro. All of these features formed an excellent basis for investments and growth in the property segment of the market. The low inflation and the gradually building and modernization of infrastructure improved our image in investors’ eyes who decided to invest here, in Bulgaria.

According to statistic data average salaries in Bulgaria have increased considerably in the last 3-5 years. Bulgaria’s joining to the European Union in January 2007 is an important step for the opening of the country for the European market and the coming 4.6 billion euros for the period of 2007 – 2009.
All these facts are good news for the investors especially after the country makes good progress in the number of tourists visited Bulgaria. Researches show that the new EU member has 22 % annual increase in tourist sector. What’s more there are expectations for bigger growth for the next few years.
Daily Telegraph newspaper scores Bulgaria with 8/10 (80%) according to its investment potential. Bulgaria is expected to be one of the most popular tourist destinations for 2007.
Bulgaria’s investor market is expected to develop during the following years. The development of the tourist sector means growth of the quantity of capital put into the country’s economy. Bulgaria has a variety of choices to offer to the fastidious tourists so progress in the inventors’ market is the expected trend of things to follow.