Hello and welcome to the first edition of the Gazette in 2006.
I want to take this opportunity to wish all of our reader’s health and happiness in the coming year and thank you for your support and comments during 2005. I am now handing over the Editors chair to Stanislava who has taken up her new position as Editor in Chief from the 1st January 2006. I know you will join me in wishing her every success in her new job and for the future. If you have any letters or comments you wish to see in print or advertising you want to place, please contact her in Varna.
This looks to be an exciting time with Bulgaria on the verge of joining the European Union towards the end of the year with some major changes happening. This will also have an effect on property prices, as has been seen previously when other countries have joined the EU, with quite rapid increases in value taking place. Last year saw the start of this trend with average increases in value of 25-35%, and even higher in some cases. So, if you are thinking of a purchase here in Bulgaria this needs to be sooner rather than later, before the bigger price hikes come into play. The benefits of an early purchase cannot be stressed too highly as this period is when the bigger profit margins are made, it’s the old adage of your profit is made when you make your investment at the right price and comes to fruition when you sell it!
What you purchase is not relevant, a holiday home, a renovated property, a land plot, a new build, an apartment, or a renovation project, they will all make money over the coming months with more and more property investors looking towards Bulgaria and its proven record in property investment and profit margins. With properties here ranging in price from just 7,000 euro upwards, even those with limited funds available can get themselves onto that all important property ladder, and start to build their own property portfolio. If you would like any help or advice when considering a purchase do not hesitate to contact us, our staff here in Varna and in our UK office have a great deal of experience in all aspects of property purchase in Bulgaria, and what is required to make your investment work for you. They are happy to chat or answer your e-mails.
Yours Ron Whitworth – Judd
chief nuisance to the real workers
