Climate changes and developing tourism to attract more property seekers in Bulgaria
April 20th, 2007
The Bulgarian holiday property market will continue to grow in the years to come because of a number of factors, Managing Director of Buy and Sell (Bulgaria) Christopher Violaris said. Parallel development occurred in Bulgaria’s tourism sector and holiday property sector. Bulgaria offers a wide choice of tourism opportunities and has a competitive advantage over other countries.
Spain and Cyprus are dynamic and developed property markets but have reached a saturation phase. This gives Bulgaria the chance to develop its property market. British property buyers still represent the largest group of foreign investors in the country. EU membership is a plus as it makes people more comfortable buying property in Bulgaria.
The future of the market is in the development of Bulgaria as a golf property destination and promotion of the country as a permanent living destination. Environmental concerns and the introduction of Natura 2000 were going to bring about balanced development. Climate changes and the milder weather could further increase the appeal of the country.
