BULGARIAN PROPERTY SALES - FREQUENTLY ASKED QUESTIONS
| Where is Bulgaria? | |||||
| Why should I choose Bulgaria? | |||||
| What is the cuisine? | |||||
| How is the economy and political situation? | |||||
| How is the real estate market? | |||||
| How do I fly to Bulgaria? | |||||
| How is the climate? | |||||
| Do I need a passport and visa? | |||||
| Are credit cards commonly accepted? | |||||
Where do I find other resources: |
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| Where is Bulgaria? | |||||
Bulgaria is located in South Eastern Europe and borders the Black Sea between Romania and Turkey. The total population is about 7,8 million people with the highest concentrations living in the major cities or towns of Sofia (the capital), Plovdiv, Pleven, Stara, Zagora, Sliven, Varna and Burgas (the last two being cities at the Black Sea coast which boasts 378 km (220 miles) of sandy coastline. |
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| Why should I choose Bulgaria? | |||||
Environment Bulgaria offers an astonishing array of landscapes, flora and fauna, recreational activities and wildlife. You will discover the magnificent beaches – the numerous ski resorts – the characteristic villages and fascinating architecture – the natural spas and treatment centres – and not to forget: the delicious food!
Facilities
History
People
Value for Money
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| What is the cuisine? | |||||
Bulgaria is a renowned producer and exporter of wine to more than 70 countries in the world. On the territory of Bulgaria there are 12 wineries producing a variety of excellent wines. Bulgarian food is close to traditional European cuisine. A traditional Bulgarian menu includes bread, yogurt and fresh milk, cheese, tomatoes, paprika, potatoes, onions, beans and fruits, grappa and red or white wine. Food specialities include:
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| How is the economy and political situation? | |||||
Bulgaria is a former communist country now striving to enter NATO in November 2003 and the European Union, which is expected to be granted in 2007. Since 1996, the country has experienced macroeconomic stability and positive growth rates (due in part, to the introduction of a currency board in 1997) and it exists under what is now a stable parliamentary democracy, with a majority in parliament and public consensus on key social and economic priorities. Bulgaria demonstrates economic growth at 4.5% (one of the highest in Europe), annual inflation at 3.8% and strong growth figures in the tourism industry (up 10% in 2002 compared to 2001). It boasts low rates of taxation across the board and has one of the lowest cost centres in Europe, though the workforce is highly skilled and qualified. The currency is the Bulgarian Lev (1 Euro = 1.98 Lev) which is already pegged to the Euro. |
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| How is the real estate market? | |||||
Real estate prices grew by 4.37% between Oct'2002 and Mar'2003. In its April 2003 issue, the independent
property related newsletter "Hot Property Alert" was
quoted as saying that “Bulgarian real estate has
enormous potential”. The Times was also recently
quoted as saying that “if Bulgaria joins the EU
there is the possibility that property prices could take
off, rewarding early buyers”. Bulgaria was also
recently featured on the UK Channel 4’s ‘A
Place in the Sun’ Other respected newspapers have also run articles recently about the property bargains to be had in Bulgaria such as The Financial Times – “Time to probe Balkan Bargains” and the Sunday Telegraph with – “New kids on the Eastern Bloc”. The Times again – “Bargain hunters look to the East”. |
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| How do I fly to Bulgaria? | |||||
| Traveling to Bulgaria is easy! International airports are located in Sofia, Varna, Plovdiv and Burgas and connect Bulgaria to the rest of the world. Travelling time from London to Sofia is 2 hours 30 minutes. | |||||
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| How is the climate? | |||||
The country benefits from a temperate continental climate with clearly marked four seasons. A mild Mediterranean influence is felt in the more southerly regions and the Black Sea coast with average summer temperatures of 80+ degrees (fahrenheit) and an average of 1700 sunshine hours from May to October. Winters can be cold in other parts of the country, hence its popularity as a destination for skiers. |
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| Do I need a passport and visa? | |||||
| Tourists to Bulgaria from many countries do not need a visa - a valid passport is required only | |||||
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| Are credit cards commonly accepted? | |||||
| Visa, MasterCard, American Express, Diners Club, Access and Airplus are all commonly accepted. They can be used for payment of all standard services in hotels, restaurants, night clubs, shops, car rentals, travel agencies, etc. | |||||
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