Bulgaria Property Investment Potential
No one can really predict the future, and when it comes to investment there are many factors that influence the success or failure of an opportunity.
Clearly, to invest in any country, one would hope for a stable economy and a government that is not likely to be ousted by a violent rebel group within a matter of days of being elected.
Whilst Bulgaria has had a turbulent past, it has been a democratic republic since 1990. Therefore, now in its second decade of democracy since leaving communism behind, it has started to mature and develop its infrastructure.
With funding from the EU, Bulgaria is well set to develop further over the next few years, building a strong foundation for the influx of foreign investment. Looking at the stock markets across the world, in 2003 Bulgaria beat them all in terms of percentage improvement - ranking a huge 160 per cent, compared to just 16 per cent in the United Kingdom. Speculation is also rampant on the subject of low-cost flights to the Black Sea Coast - usually a clear sign of ensuing economic prosperity related to an increase in tourism.
Some other reasons why Bulgaria should be considered for its investment potential are listed here:
- Among the lowest costs of doing business in Europe
- Robust legal framework focused on attracting and protecting foreign investment
- Fast improving business climate: among the lowest taxes in Europe : significant reduction in regulatory obstacles and start-up costs
- Institutional support for major foreign investment projects
- Modern telecom infrastructure, three mobile phone operators
- Superb academic and vocational training
- Excellent labour quality / labour cost ratio
