Why did I choose Bulgaria to invest in?
My main motivation for investing in property was to generate long-term capital gain. This isn't exactly unusual I suppose, but not being an expert, I had to do a bit of research into whether to go down the route of buying locally, or going for a more primitive market.
Bulgaria is in the process of changing from the old communist country to a fully fledged member of the EU community, with all the advantages (and disadvantages) that this entails. If the entry goes ahead in January 2007, then this should boost the country as a whole, and the protection that the EU body provides for an investor should mean even more people identifying the country as a valid investment market. If this doesn't happen, the EU have committed to a January 2008 timescale at the latest, and would need to lose a lot of political credence if they were to delay beyond this time.
So, it would appear to be a relatively safe bet, with a lot more protection than investing in some of the other 'hotspots' around the world.
I did look at a few more places, like Poland and Romania, but Bulgaria seemed to come up trumps in terms of safe(ish) investment, potential growth and is, in fact, a lovely country steeped in Eastern European history, which should be a draw to the kind of holiday maker that wants a change from the Costa Del Sol or the south of France. (Not to knock those places, but a change is as good as a rest, right?)
I did do a bit of searching - on google of course, which found a bundle of other reasons that are probably a bit more scientific.
Friday, June 16, 2006
Why Bulgaria?
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