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With Bulgaria earmarked to enter the EU in early 2007 the local property market is booming. Savvy UK investors are racing to snap up property in Sunny Beach with the increasing likelihood of EU entry and the ensuing tourism boom
Bulgaria�s long coast line stretches down the Black Sea coast from Romania to Turkey. The most northern notable Beach resort is Kavarna however investment is concentrated around Sunny Beach and Varna which both have easy access to airports.
�Using the Internet to find property for sale in Bulgaria is by far the most popular method as the real estate market in Bulgaria is relatively new and most UK investors prefer the comfort of buying through established UK agents and developers.
�In early 2005 Bulgaria property prices were commonly under �30,000. Over the last 12 months demand has seen this average move much higher with fewer cheap properties in Bulgaria being found. The vast amount of property in Bulgaria today is being sold �off plan� which commonly incorporates three separate payments during various stages of completion. There are still studio and one bedroom apartments to be found with ocean views due for completion this summer beach season. This is making viewing trip additional attractive as they are combined with family holidays.
�The cost of living in Bulgaria is extremely low compared with the UK and especially London. Restaurant meals can be purchased for the equivalent of a few pounds so Bulgaria is expected to become a popular budget holiday location as more and more airlines establish direct flights. BA now flies direct from Gatwick from only �149 return including taxes, although most investors are eagerly waiting the entry of easyJet and Ryanair.
�Good luck with your hunt for your special place in the Sun and remember to keep Bulgarian Property high on your list of options.