Sandy beaches and warm waters from May till end of September are coupled with magnificent natural scenery and numerous places of historical interest along the coast. With climatic conditions similar to Spain and France and cost of living 3-5 times lower the Bulgarian Black sea coastal zone is the perfect location to make a second home or invest in property for rental returns. Bulgaria offers an affordable, value for money alternative to the more expensive European resorts, while quality of service improves constantly. With Western tourists flocking in increasing numbers (stable annual rise of 25-35% in the last 5 years) and budget airlines testing the grounds for expansion eastwards it starts to rival Mediterranean and other destinations not only with the higher-class resorts such as Albena, Golden Sands, Sunny Beach, Nessebur and Duni but in the modest, smaller coastal towns of Sozopol, villages Ravda, etc.

 

Lighthouse Golf & Spa resort - Balchik, excellent off-plan investment spot on the Black Sea

 

Kavarna Gardens - 5 min. from the beach in a forested area. Fully serviced complex - swimming pools, tennis courts and all amenities in a tranquile atmosphere.

Demand for property along the Black Sea Coast was high before the credit crunch. Economic stability with rapid growth of 5,5-6,7% on average during the last years pushed property prices up. Other important factors for the rising property market and a profitable investment is the huge tourism potential still untapped. Average land prices have increased in the past few years by more than 50 % with the peak prices near the popular beach resorts. 

Many places, unknown to the tourist industry until yesterday like Kavarna and Balchik are becoming increasingly popular with their new high quality developments and recreational facilities. After joining the EU in 2007 extensive legislative efforts were made to harmonise Bulgarian legislation with EU legislation, thus making investment in property more attractive for foreign buyers.