Buy & Sell Bulgaria Insight Newsletter

By Christopher Violaris, BSc, MSc, PhD ( Econ)
Chairman and C.E.O of Eurolink Investment Group

You may ask, what is the best way and where should somebody invest. We are listing below some facts that will allow you to draw your own conclusions:

What is the future of your investment in Bulgaria?

Once again the answer to this question is complex and depends on a lot of factors! Generally, all investments will deliver profits and dividends, some more and some less, though there will be a good number of the so-called “investors” who will be totally disappointed, even lose their money! As you know not everything that shines is gold and not every “purchase in Bulgaria” will make you rich and we will explain what we mean:

1 - The loser: Those of you, that bought properties in remote areas, uninhabited villages, or villages with gipsy population, land and plots that have no access to electricity or water or where the network is not extensive enough to sustain additional construction, I am afraid that you are in for a very long “wait” in the best case or losing your money in the worst case.

2 - The “moderate” winner: Those of you, that bought apartments on the South Coast or on the Ski resorts, with the assurance and “guarantee” of a rental income, should have by now realized that you made a mistake and the “myth” of the rental income does not represent reality. In fact it will take years until the hotel rooms are filled by the tour operators in a way that your apartments can offer themselves as an alternative to hotels. It is important to underline here that 92% of the tourists coming to Bulgaria every year, come on a “package tour” that includes tickets and hotels. On the contrary, those of you who bought apartments in Sofia, Varna region and in other major towns, you stand a very good chance of receiving a decent rental income and have some returns from your investment. In a long term, the prices of apartments will go up and you should expect, depending on the location of your apartment, a moderate profit (7-10% per annum).

3 - The “money maker”: The real money maker is definitely Land and Plots! Those who were wise enough to put their money on land and plots, already know that they are in for a “kill”! If somebody goes back a few years and compare the prices of land then with those of today, he will realize that we have an average increase of 68% per annum, especially those who bought prime land at prime and popular locations can expect some impressive price increase and investment return in the near future! Demand for land is not only growing by an average of 32% per annum, but it is also widening in its form and it covers now the commercial as well as the agricultural sectors. We have for example parties interested in land for warehousing and distribution, for commercial and medical centers, scuba diving schools, summer language schools, etc. Our advice to you is very simple, if you want a SAFE, HIGHLY PROFITABLE without any headaches investment, INVEST ON LAND! Remember our words!