If you are looking for an investment property you may be deciding whether to opt for one in the UK or abroad. You have the choice of looking for property for sale in York or Manchester or maybe go for something a little out of the ordinary in Bulgaria?
There are advantages of both options, but a property in Bulgaria can be a great investment if you are looking to combine your investment with a holiday home.
Although it is becoming increasingly popular as a second home destination, you still don't see the inflated prices that are prevalent in other areas such as Spain, France and Italy – prices are still thankfully quite low and if you do your research you can still pick up a bargain.
Research is the keyword though – there have been stories in the press of people who have bought second homes in Bulgaria and then faced massive legal problems due to the illegality of the contract. However this is far less prevalent now - since Bulgaria joined the EU in 2007 regulations controlling this type of activity are much stricter.
Bulgaria really does make a very interesting investment proposition. It offers great beaches such as the resorts of Sunny Beach, Varna and Golden Sands, and there are some up and coming ski resorts to boot such as Bansko.
There are many off-plan investment properties being planned, so now is a good time to act.