VARNA REGION PROPERTY 
 
There is good range of property for investment and leisure in Varna and the region around - from land plots with sea views, houses, apartments, new off-plan developments to completed family size hotels. The real estate market is dynamic and property prices after a steady growth of 20-30% annually now close the gap with Sofia. Expectations that the market would “cool” in 2006 are now considered as groundless. Investment in Varna property continues to grow due to strong demand and bright perspectives for the buy to let schemes. Thoughtful property investors are well aware of Bulgaria’s EU accession date fast approaching and the events that will follow in the local property market from 2007 on.  
Varna and the surrounding North Bulgarian coastal region are rated among the most popular property destinations by British and Irish families and individuals, who are buying off-plan and new build apartments for investment and leisure or  move to resettle to Bulgaria in increasing numbers. It has become a popular picture to meet happy British or Irish owners of apartments or houses  in the streets of Varna.  A couple of previously depopulated settlements have now more British than Bulgarian inhabitants. Pundits say that after Bulgaria’s accession to the EU in 2007 some place may elect an energetic former engineer from Liverpool for mayor, now living happily in his retirement lodge at the Black sea coast.  
The city of Varna — the third largest in the country is one of the two important Bulgarian ports on the Black Sea. Varna is now directly linked by air to London and Manchester all year round.  Recently the area of Balchik and Kavarna gained visible popularity with international investors.
Lighthouse Golf & Spa resort - Balchik with private 18 hole (par71) golf course - investment potential and anticipated high returns .
Kavarna hills -40 min. from Varna airport.
New off-plan developments in Balchik and Kavarna around the new golf courses are considered as one of the best investment opportunities due to the extended rental period. 3 international class (18 hole) golf courses are under construction with golf stars Ian Woosnam and Gary Player consulting layouts and design. The Lighthouse Golf & Spa resort completion is expected in 2007 as its constructon in the exciting Balchik surrioundings with fantastic seaviews will increase significantly the rental potential of the properties far beyond the summer holiday period, bringing excellent returns to investors.
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