29/12/2005 Britons Find Bulgarian Prices are Right for Holiday Homes
Bulgaria was confirmed yesterday as the hot spot for Britons buying a holiday home abroad. An industry study, by currency specialist HIFX, shows the former communist state has risen to third most popular destination for foreign boltholes, behind only Spain and France.
Bulgaria leapt ahead of Florida, Portugal, and Dubai after marketing the Black Sea coast for summer holidays and inland mountain ranges for skiing.
The country is currently being touted as the best place to buy, a country where you can get more for your money than in Spain, Portugal, or Greece while enjoying the kind of lifestyle that was affordable in Mediterranean Europe 30 years ago.
With the Black Sea coast averaging nearly 300 days of sunshine a year and a good meal for two with wine costing less than 8 pounds, Bulgaria has also been voted the UK's favourite holiday hot spot by First Choice, and the Association of British Travel Agents expects UK visitor numbers to have reached 200,000 this year.
The cheap prices mean it is ideal for holiday home buyers or investors with limited budgets. But when Bulgaria joins the EU in 2007, second home owners can expect the value of their properties to soar.
The latest study also showed Florida's attractiveness is falling after a year in which the dollar rose against the pound forced prices up in the sunshine state.
Alex Wright, HIFX director, said: "Bulgaria is booming. The resorts are reminiscent of Spain 20 years ago; investors are buying in their droves and there is similar activity in some of the ski resorts."
Where Brits are buying property abroad and if the trend is up, down or staying the same:
Matthew Brunwasser, International Herald Tribune
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Plamen Valkov, Standart News
The five-time Alpine Ski World Cup Winner Marc Girardelli who is currently the consultant of the Bulgarian national ski teams wor...
Elena Dimitrova, Standart News
Eros Ramazzotti has been invited to open the tourist season at the Bulgarian Black Sea coast. The Italian singer is one of the ...
Standart News Daily
"Sunny Beach, the biggest Bulgarian Black Sea resort, will become a town," said Mayor of Nessebar Nikolay Trifonov. The idea belongs to th...
Natalia Malcheva, Stardart News
Scandinavians chose the resort because of the thrill of testing unfamiliar ski runs.
Tourists from the icy Scandinavian...
The international tourism of Bulgaria is already providing a positive turnout for its current account of over EUR 1 M. The number of foreign tourists has gone up by 5,09%...
Over the next year Bansko municipality will invest over BGN 10 M in the infrastructure of the town, mayor Alexandar Kravarov said at the opening of the new winter tourism...
Bulgaria's decision to bid for 2014 Winter Olympics has evinced keen interest from property investors all over the continent and elsewhere. Property experts have predicte...
Bulgaria was confirmed yesterday as the hot spot for Britons buying a holiday home abroad. An industry study, by currency specialist HIFX, shows the former communist state has risen to third most popular destination for foreign boltholes, behind only Spain and France.
