• Bulgaria's GDP has been growing consistently over the last eight years.
  
  
• An improved economic climate, as well as the successful structural reforms in the banking sector, have all had positive effects on Bulgaria's real estate and mortgage market.
  
  
• The country has historically been the holiday destination of the region, offering stunning nature and a favourable climate
  
  
• The Bulgarian Black Sea coast and mountain ski and spa resorts are currently going through an unprecedented property development boom, predominantly in the leisure and second home market
  
  

• Some of the key economic drivers for the foreign and real estate investor are:
  
  

  • Property prices are at significantly lower than similar European markets

  • Increasing wealth in the region results in stronger demand for first and second homes

  • Excellent climate, nature and food, coupled with a strong growth in tourism and leisure

  • Competitive tax rates - corporate profit tax reduced to 10% in 2007 

  • Significantly lower labour cost than the European average

  • Strategic geographic location - a gateway to the markets of CIS, Asia, and the Middle East

  • Bulgaria’s sovereign credit rating has been upgraded more than 15 times in the past 4 years

                                       Capital City: Sofia
                                       Area: 110,000 sq km
                                       Population: 7,500,000
                                       Time Zone: GMT +2 hour
                                       Currency: Bulgarian Lev

• Bulgaria joined the European Union on January 1st, 2007

• The country has a well-established infrastructure

• Bulgarian Air has started twice weekly flights from Manchester to Sofia, in addition to their routes from Gatwick to Sofia and Varne.

• British Airways has also added Bulgaria to its timetable and Easyjet recently announced its moved into the market with direct flights from Heathrow