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An article named The Bulgarian Property Renaissance, published on 999 Today website presents Bulgaria as an increasingly appealing destination for Western European property seekers.
Previously known as communist country, Bulgaria is now making moves westward with its NATO membership and expected EU entry in the beginning of 2007, 999 Today reported.
This ‘opening’ to the Western world enabled property investors discover the potential of the country. 999 Today reported Bulgaria has rich cultural heritage, good climate and beautiful nature. The relatively low costs of living further the appeal of the country, the website said.
These developments influence the decision of many Western property seekers. Increasing number of British decide to purchase a first home abroad in Bulgaria, the website reported.
Bulgarian coastal resorts have always attracted investor interest but increasing number of West European property seekers are now turning to the country’s winter resorts.
The capital of Sofia also offers good opportunities with modern new suburbs located close to Vitosha Mountain, 999 Today reported.