A cultural treasure trove stuffed to bursting with
ancient monasteries, churches, mosques and Roman and Byzantine ruins, and located in very heart of Balkan Peninsula is Bulgaria. Investors Provident have recently launched their investment section on Bulgaria and offers its clients some very diverse and high capital growth investment opportunities.Since its escape from yoke of communism, Bulgaria has struggled to join modern world. It became a member of NATO in 2004 and is due to join European Union in 2007. With Black Sea to east, Romania to north, Serbia and Macedonia to west, and Greece and Turkey to south, it's a country that retains a charming mixture of old and new.
The capital of Bulgaria is Sofia. Almost completely rebuilt after bombings of World War II, its city centre has a weird and wonderful mix of architecture; right down to a yellow-brick boulevard. North of Sofia is Balkan range, Bulgaria's longest mountain chain, which flows down to Danube. For sun and sea, Black Sea coast offers some of best in rest and relaxation at affordable prices. The southern section of coast is home to picturesque bays, spacious beaches, dunes and a warm sea.
There are no words to describe phenomenal rise in property prices taking place in Bulgaria's tourist areas. Some developers have seen their tourist property complexes rise in value in excess of a colossal 100% in a year! Even if spread across board, it still averages out to a sizeable capital growth of 35%. But why this discovery after all these years?
Since collapse of communism in 1989, Bulgaria has been opening itself to West, and its natural attractions have not gone unnoticed. This is hardly surprising given that Bulgaria offers long sandy beaches, summers of clear blue skies and a warm Mediterranean style sea only two hours flight from UK. This, coupled with a phenomenally low cost of living, and its transition to a fully functioning market economy has made Bulgaria one of major hotspots within Eastern Europe. Where else would you get a delicious three-course meal for two with a bottle of good local wine for £8?
