Bulgaria is an up-and-coming country, both in general economic terms and as a tourist destination.
Natural attributes such as a warm Mediterranean climate, beautiful coastline, winter sport resorts and picturesque scenery form the basis for its growing popularity and future potential as one of Europe's leading destinations, but what makes Bulgaria especially interesting - to investors and homebuyers alike - is the fact that it offers such great value and investment opportunities.
Bulgaria can in many ways be compared to Mediterranean destinations such as Spain, Greece and Portugal, yet it is still in the early phases of development and its property prices are therefore still only about a quarter of what you would expect to pay in a country like Spain.
This makes Bulgaria a very attractive option for those people who are looking to buy an affordable holiday home or a property to rent out.
It takes more than low prices to make a good investment, but coupled with excellent growth potential of the Bulgarian Black Sea coast and ski resorts, this area offers ideal conditions for optimal returns on investment.
The attributes already mentioned, accompanied by overdevelopment and crowding in some parts of the Mediterranean, ensure that the demand for Bulgarian tourism and real estate will continue to grow well into the future.
Given this huge potential, and the current rate of growth, it is likely that property prices will continue to rise until reaching a par with established markets such as Spain and Portugal.
The process, however, will take quite a few years, and it is during this period that Bulgaria will provide one of the best investment climates in Europe.
Worries about the economical and political stability of the country have subsided, as over the past years Bulgaria has been making the transition to a stable democracy where fiscal and economic conditions continue to improve year on year.
Economic growth rates are in excess of 4% per annum, inflation and unemployment have dropped to 3, 5% and 12% respectively and the currency has been stable since being pegged to the Euro.
Both the volume traded on the SOFIX Stock Exchange and loans and mortgages issued by Bulgarian banks are growing rapidly, while the number of airlines offering easy connections from major European centres has been growing apace with tourist visits.
The indicators are therefore excellent, as the country - already a member of NATO - gets ready to join the European Union in 2007, a fact which in itself will have a strong upward effect on both demand and prices of Bulgarian real estate.
Whether looking to invest as a private individuals, as a syndicate group or as an institution, Coral Estates has the experience and market knowledge to offer sound advice, find attractive investment opportunities and help guide the process in a way that is safe, efficient and profitable.
Thanks to our specialist in-house promotional and sales team, as well as our working relationship with the leading construction firms, we also advise foreign developers, helping them find the best land sites and projects to invest in, and ensuring that projects are completed on time and within budget.
We can also co-ordinate the marketing and end-sale, realising a fast, profitable and efficient exit route.