Why invest in the Black Sea Coast?

Bulgaria is located in South Eastern Europe, situated in the heart of the Balkan Peninsula and boasts an old and rich history. Many of the world's greatest cultures have inhabited this beautiful country, leaving behind a veritable treasure trove of untold historical riches.Its picturesque scenery is breathtaking all year round. From the stunning beaches and waters of the world famous Black Sea to the rolling mountains that are home to world class skiing resorts, Bulgaria has everything for everyone.

The Black Sea Coast is a major tourist destination and property prices are increasing rapidly with many overseas investors entering the market because of its high growth potential.

What makes Bulgaria currently a top country for property investment?

1. Bulgaria is a country that not only has weather comparable to Spain and other top holiday destinations, but also property prices are less than a quarter of their Spanish counterparts.
2. Over 150 days of sunshine a year, with average summer temperatures of 26ºC (79ºF) and occasionally climbing to a sizzling 35ºC (95ºF).
3. Beautiful Blue flag beaches for the summer holiday makers and top ski resorts for winter holiday makers only a few hours away.
4. Flights are only two and a half to three hours from the UK or Ireland. Low-cost airlines are entering the market and the number of direct flights is increasing.
5. Bulgaria is the fastest growing holiday destination in the world. Major tour operators such as Thompson and First Choice have recently added Bulgaria to their brochures and cite it as one of their top sellers.
6. The cost of living is significantly lower than other European countries, with a dinner for two costing about 7 Euros (5 pounds sterling) and a pint for 0.70 Euros (50p).
7. Bulgaria is a full member of NATO and is due to join the EU in 2007.
8. The currency (Lev) is pegged to the Euro, making it stable and less volatile than other currencies. Most property can be bought and sold in Euros.
9. Bulgaria is politically stable, with government bonds being of investment grade.
10. Land prices are flying, with the average cost of land on the Black Sea Coast at 150 Euros per square meter, which is predicted to rise to over 400 Euros in the next three years.
11. In the last two years property prices have risen by over 50% in some regions and are expected to grow at the same rate as has seen with the recent boom in the Spanish market.
12. Highly profitable returns can be achieved through holiday rentals.

Background - info for prospective buyers

I became involved with properties in Bulgaria through a friend I met at our local gym in Bungay. He is Bulgarian and his name is Martin Dyakov, from Bourgas. I have known Martin for about two years now and trust him implicitly; he worked in the UK for about three years before returning home last spring to concentrate on our joint property venture (MG Property Developments) and other projects in association with his Dad’s family run building firm Dyakov Properties. Mr Dyakov senior has been involved in building and construction in Bulgaria for over thirty years and has a wealth of projects to his name, experience and contacts. Dyakov Properties have an office in the centre of Bourgas.

If you do fly to Bulgaria soon then Martin (or George, his colleague) would be only too pleased to collect you from the airport, arrange any accommodation you require and show you round our properties. Just let me know when you’re going and I can arrange this if you wish. Martin is also very fair and understands that you will probably want to do your own research as well and look at other properties on offer, which is fine.

Martin has many associates, including builders, architects, solicitors, and notaries, so even if you do go out of your own accord, do take time to meet him, even for an hour or two, as it could prove very beneficial from an experience point of view and even save you thousands of pounds!

Why invest in Saint Vlas?

Simply - location and price. Saint (Sveti) Vlas is situated at the foot of the Balkan Mountains, surrounded by picturesque scenery and a beach line totalling 15 kilometres. It is a preferred destination for holidaymakers and investors because of its winning combination of sea and mountain climate. Four kilometres north of Sunny Beach, Saint Vlas is only 25 minutes from Bourgas and around 1 hour from Varna international airports. Saint Vlas is also situated in the biggest tourist area in Bulgaria: the so called Riviera consists of Aheloi, Ravda, Sunny Beach, Saint Vlas and Elenite. It is the only resort in Bulgaria with a completely south facing sandy beach.

Saint Vlas is quieter than Sunny Beach, but is close enough to Sunny Beach to benefit from its restaurants, shops and other facilities. Property there is also much cheaper then Sunny Beach!

Saint Vlas is a fast-developing seaside settlement with a good, well-established social and technical infrastructure: it has local shops, a doctors, kindergarten, elementary school, library club and a health centre. The town is also famous for its brand new and beautiful yacht port, which is being developed close to the water base of the local fishermen. Saint Vlas is a modern beach destination, with brand new hotels and tourist facilities and a new marina (see the attached photos in the Saint Vlas.zip file).

The immediate proximity of Saint Vlas to Sunny Beach is an important factor for the ever-increasing number of investors. While you are more likely to spend a busy night life at Sunny Beach, you can get away from the hustle and bustle and relax in the quieter location of Saint Vlas – ideal for the whole family – grandparents to grandchildren!

Why invest in Bania?

Again, location and price. Bania, by contrast to St Vlas, is a picturesque rural town situated in beautiful rolling countryside, on the main E87 approximately 35 kilometres north of St Vlas and midway between Nessebur and Bjala. It is also three miles from the coast and boasts a beautiful, unspoiled and undeveloped bay with wide sandy beaches. 

It is a close-knit community whose natural charm and beauty has attracted a number of foreign investors who want to experience a more authentic Bulgarian lifestyle in the peace and tranquility of the countryside yet close enough to the major towns so as not to be isolated. Like St Vlas, property prices here are much cheaper than the main towns and cities although capital growth in the last three years has been very good.

The hilltop air is fresh and the views of the valley below stunning. A real picture postcard place, again ideal for the whole family!