BULGARIA - Beachfront Bliss with High Rental Income

Bulgaria has gone from strength to strength in recent years with some properties seeing as much as 70% annual price increases. With EU accession now looming Bulgaria is still flying high as tourist numbers increase and Bulgaria is seeing more and more investors in property particularly from Western Europe and specifically from the UK.

Andrea Marie Portugal Marketing Director for IMOINVEST says, “Bulgaria has been one of the very best emerging markets in recent times. We have seen a significant swing from investors buying in Western Europe to buying in Bulgaria. This is perhaps not surprising as Western Europe and its traditional holiday hotspots such as Spain now being extremely expensive by comparison. Bulgaria is a market place where premier properties can be bought at affordable prices and more importantly they can offer tremendous capital appreciation and can offer good rental returns. With EU accession not far away it is worth considering how other countries such as Spain fared when they entered the EU. We saw massive property price increases which were sustained for many years. The same is predicted here and that’s why enquiries into buying Bulgarian properties are at an all time high.”

One prime investment opportunity is the Majestic resort on the northern tip of Sunny Beach. Offering an incredible opportunity for capital growth and ideally situated this is the last downtown Sunny Beach property affording sea views from its beachfront location. Sunny Beach is the bearer of the prestigious Blue Flag prize for proven ecological advantages along the Black Sea Coast. The combination of coniferous forests, calm seas (non tidal) and fine sands make this one of the most sought after locations in the European theatre. The Majestic brings to the market studio, one and two bedroom apartments set in luxury surroundings and a large landscaped domain of 56000m² adjoining a private beach. This hotel apartment complex offers the best possible surroundings and offers a multitude of amenities; four restaurants, four bars, two pools, children’s activity area, conference halls, discothèque, shops and numerous sports facilities. The apartments are to an above four star standard and offer good size accommodation and a high specification interior.

Andrea adds, “The Majestic is an outstanding development which is a landmark building offering some of the best facilities anywhere in the Sunny Beach region. Due to such demand at the Majestic we are able to offer an expected rental income of up to 10% making this a first class investment opportunity. With apartment prices sensibly priced those that invest now could expect to see high capital appreciation over the next few years as Bulgaria goes through its transition into the EU whilst all the while enjoying a good rental income when not using their property themselves.”

Prices start from £38,539 for a studio apartment rising up to £75,753 and above for premier two bedroom apartments.

For a complete list of IMOINVEST's Black Sea Listings please click HERE.

(PHOTO CAPTION: The Majestic in Sunny Beach Bulgaria available through IMOINVEST)