CANBUL INTERNATIONAL INVESTMENTS Ltd.

ABOUT BULGARIA

HISTORY

Bulgaria is one of the first states in Europe with long historical past and traditions. Even in the earliest stage of human civilization these territories have been inhabited with developed communities – evidence of that can be found in the Magura cave.
In the antiquity, the Thracian civilization left its heritage, which can be seen in the breathtaking treasures found in some places of Bulgaria, not long ago. Founded in the 7th century, Bulgaria has gone through many historical hardships, including and a five-century servitude to the Ottoman Empire. In the 19th century, Bulgaria copes for its so longed freedom and takes the way of the economic prosperity. After the Second World War, Bulgaria falls under USSR sphere of influence and for about 5 decades professes the communist ideas. Fortunately, in 1989 the communist regime is overthrow and the Bulgarians began to build market economy and consensus democracy.

GEOGRAPHY

Bulgaria, located in Southeast Europe, on the geographical hub of the Balkan Peninsula, is one of the most diverse nations in Europe. Its overall area is 111,000 km2 at a median elevation of 470m. The Danube river forms the natural boundary to the north with Romania; the country borders Greece and Turkey to the south, Macedonia and Serbia to the west, and the Black Sea to the east.
The country's environment is varied and picturesque, and is comprised of large plains, rolling hills, seashore, and high mountains dominated by the Stara Planina (the Balkan), Rila, Pirin and the Rodope ranges.
Bulgaria's climate is temperate continental, milder in the south due to the impact of the Mediterranean. The Black Sea exerts its influence over the eastern regions where summers and winters are moderate compared to the rest of Bulgaria. The four seasons are distinctly differentiated.
Sofia is the capital city of Bulgaria. The other large cities are Plovdiv (Bulgaria's second largest), Varna and Bourgas on the Black Sea, Rousse and Vidin on the Danube, and Blagoevgrad in the southwestern area of the country. The town of Veliko Turnovo is the ancient Capital of Bulgaria.

BULGARIA ON THE ESTATE MARKET

With the Bulgaria up coming membership to the European Union in January 2007, the country attracted high levels of foreign direct investment in its tourist sector and therefore in the real estate market.

This success can be put in two key factors

First , Bulgaria speaks to the visitor like no other country in Europe. It maintains a magical Old World village charm combined with majestic mountains, white sandy beaches, and a temperate-continental climate.
World-class ski and sea resorts are now attracting record numbers of tourists. The number of foreign visitors in 2003, exceeded 4 million (17.9% increase compared to 2002). In the first two months of 2004, Bulgaria was visited by more than 400 thousand foreigners, representing an increase of over 25% on the same period in 2003.According to the United Nations Conference on Trade and Development (UNCTD) annual report, in 2005 Bulgaria ranked ninth in the world in foreign direct investment effectiveness. Foreign direct investments in Bulgaria in 2005 were 2.223 billion Euros. Foreign investments in Bulgaria in 2007 could reach 3.5 billion Euros.

Second , sometimes Bulgaria is presented as the “new Spain”, the idea being that the Black Sea and the ski resorts such as Bansko offer the same investment potential as the Spanish property market of a decade ago. Bulgaria is also attracting prospective holiday buyers who are put off by today's relatively high prices of Spain, France and Italy. Foreign investors are now flocking to the Bulgarian Black Sea coast and ski resorts.

PROPERTY HOTSPOTS

1. Sea resorts

The region between Bourgas and Varna and around them is the tourist paradise on the Bulgarian Black Sea. Many modern resorts as Albena, Sunny Beach, Golden Sands and the presence of all necessary amenities, guarantee the fast return of the investment and profit income in several years. Buying a property on the sea is really profitable and sound investment. You can enjoy the long sandy beaches and the hot summer with no worry about hotel charges and preliminary reservations.

2. Mountain resorts

Three of Bulgaria's most popular ski resorts, Bansko, Borovets and Pamporovo offer excellent winter skiing and a variety of activities in the summer months. Borovets, The resorts are all within easy distance of the capital Sofia, and its travel network. Furthermore, the international communities in these towns are growing and the increasing popularity of the resorts makes property here a sound investment. Borovets boasts top international ski slopes and the accompanying facilities

3. Spa resorts

Having numerous hot mineral springs, the spa tourism in Bulgaria is at the start of its development. Due to the law prices compared with the ski and sea resorts, the spa tourism is expected to attract more and more visitors in the future. Consequently, investing in a spa region is sound deposit with short-term return. Most popular spa regions are: Hisar, Pavel Bania, Bankia, Sapareva Bania, Varshec, Kostenec and so on.

4. Historical towns and villages and rural areas

If you want to enjoy peace and tranquillity and learn something more about the history Bulgaria is the right place. Many historical towns and villages are offering endless interesting monuments, museums and archaeological excavations. If you want to enjoy the retirement or just want to get rid of urban stress, then buying a rural property will be suitable and further rural properties are in incredibly law prices.

5. Sofia and the vicinity

Buying property in Sofia ensures you all the amenities and conveniences of all hotspots, written above. This is due to the following factors:
First, Sofia is the capital of Bulgaria and this offers all modern conveniences that can be found in big European cities. Second, the vicinity of Sofia combines rural peace and beauty with immediate proximity to the capital, ski resorts, spa resorts, and other places of entertainment.