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BY Branimir Valtchev | 06-04-2009 | 3:36 AM
This blog is written by a member of our blogging community and expresses that member's views alone.

Investing in Bulgaria

Bulgaria is a beautiful and diverse country and is quickly becoming the leading location for property investment in Eastern Europe. Following its accession to the EU in January 2007, Bulgaria’s trade barriers have been removed and the country opened up to the European market place. As a result the economy continues to surge; unemployment remains low, interest rates have been dropping and GDP is growing at over 6% per annum.

The country receives significant & growing levels of foreign direct investment with over €5 billion in 2007 alone. Several multinational companies such as Google, Microsoft, Nestle, Nokia and Hewlett Packard have already taken advantage of the country’s positive economic environment, motivated educated labour pool and attractive flat tax of 10% by re-locating to the country. Its flat tax rate of just 10% - introduced in January 2008 - makes Bulgaria one of the most competitive tax locations in the EU and is set to increase FDI even further in future years.

Bulgaria was the worlds top performing real estate market in 2007 and Bulgarian property prices continue to grow by 20% per year with some areas experiencing far higher growth. As further EU subsidies kick in and the economy transforms to a fully free market one, there will be further upward pressure on real estate prices caused by greater demand from both foreign investors and local house buyers. Some of the many reasons for investing in Bulgaria real estate include:

* EU membership in January 2007 has resulted in significantly increased economic growth rates
* Sustained GDP growth of 5-6 % per year
* Very competitive tax regime - 10% corporate and income tax rates
* Strong inflows of foreign direct investment driven by lowest tax rates in the EU
* Well educated, highly trained English speaking workforce
* Strategic geographic location on the trans-European transport corridor
* Over €11 billion of EU structural funding to be invested in the Bulgarian infrastructure from 2007 to 2013
* The Bulgarian currency, the Leva is pegged to the euro – significantly reducing currency risk
* On track to join euro currency zone in 2011 ahead of many other central European countries
* Bulgarian real estate prices remain amongst the lowest in Europe and are expected to increase significantly in future years
* The Bulgarian tourism market is currently growing by 22% per year
* Rapidly modernising financial market with a number of mortgage products available to local and foreign investors

As well as being a top location for real estate investment the country itself is very beautiful and offers some amazing natural, cultural and historic attractions.

The return from commercial property in Bulgaria continues to be among the highest in Eurorope.If you like to invest in Bulgaria, please feel free to contact me.

Property Services
We have many years of experience in overseas property investment. We
know that the purchase of your chalet or apartment is just the start of
your property investment in Bulgaria. The real success of your
investment comes when it is backed up by a professional range of after
sales services. We believe it is important that not only do we deliver
you a superb Bulgarian property but also we are firmly committed to
maximising the future return on your investment. To do this we provide
a full range of rental and property services to ensure you are fully in
control of your property and have all the tools necessary to manage and
maintain it. We are confident that you will find our management
services useful whether you are using your property as a holiday home
or as an investment property.

Property and rental management in Bulgaria is still at a very early
stage of development and standards are often inconsistent. For this
reason we have decided to provide all our management services in house.
In this way we can ensure that we always offer the best service and
standards that set the benchmark for Bulgarian property management
companies.

Providing top quality service to rental customers not only improves
your rental return but also increases the profile and reputation of
your property so that when you come to resell your property it is
recognised as one of the best property investments in Bulgaria.

The range of services that we provide includes:

* Viewing Trips
* Furnishing
* Financial & Legal Services
* Property Management
* Rental Management
* Client Services
* Property Re-sales


For more information:
www.metronestate.com
Branimir Valtchev / manager saler/

Thank you for your time to read this article.