On Tuesday 26th September 2006, the official announcement finally came guaranteeing Bulgaria into the European Union as of January 2007.
This is fantastic news for the cheap Bulgarian property investor as this almost guarantees amazing profit potential return on any property bought now in Bulgaria and sold on in the next year or so.
Inward investment in Bulgaria from foreign interest is now guaranteed, this will provide Billions of additional euros into the country stabilizing Bulgarias economy and exportation making the country as strong as any of its European neighbours within the EU.
This will be used to improve the countries infrastructure bringing vast employment and drastically improve the national wage which will result in property prices increasing just from Bulgarians purchasing property. Bulgaria has been allocated a total of 885 million euros as part of its inclusion in to the EU already with an additional 200 million euros annually. This total is divided evenly between trade, environment and transport improvement related projects.
This will provide the country with new airports, new and improved motorway links, trade investment which all is great for tourism and profit potential from property investment or rental returns.
It is advisable now to purchase a cheap Bulgarian property before its too late to get the best deals available on the Bulgarian property market today. There are still properties available for as little as £5,000 Land in great areas near the to be built international golf courses and the coast are still only going for only £15,000.
Property prices throughout Bulgaria have been steadily increasing over the last two years with last year reaching an estimated 50% increase and 2006 expecting to yield an amazing 100% increase as stated by international property experts.
When Bulgaria enters the EU, many property experts are predicting gains of up to another 100% by the end of 2007. by investing now in cheap Bulgarian property now, you could be looking at an average 150% profit return on your capital investment in just Eighteen months.
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