Property in Bulgaria- Real estate investment opportunities with high return
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The Bulgarian real estate market is among the cheapest in Europe. Many houses are sold for less than 5000 Euros, which is shocking fact, having in mind the quality and the nature in Bulgaria.
It points out that last year prices rose by about 35 per cent, and in the lead-up to EU accession in 2007 annual rises of 25 per cent are predicted.
Cheap houses for renovation are still widely available for less than 20,000 Euros. The cost of living is low and the climate excellent, and there is a wealth of historic towns, unspoilt villages and some beautiful beaches. Rental yields tend to be better for ski properties than those on the coast because of the longer ski season. You could expect about 12 per cent gross yield for a good ski apartment and about half that on the coast
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