Tourism Potential
In recent years Bulgaria was labeled by international investors as the new hot-spot. Whether you are a small, private investor or commercial developer, there are few countries that can offer you the capital returns that Bulgaria does. It is therefore not surprising that the country was labeled by UK Channel 4 as one of the “20 best places to buy in the world”!
Of course Bulgaria is a beautiful country with an excellent capacity of attracting tourist throughout the year – the long sandy beaches, a number of first-class ski resorts and a countryside with splendid scenery can leave few to wander how come they have never visited the country before.
Well, it would be misleading to assume that no one knew about Bulgaria – in fact traditionally the country has attracted millions of tourists throughout the year, mainly from Russia, the Czech Republic, Poland, Germany, Holland and other eastern and northern European countries. However in the past 2 years the tourism industry has seen an unusual boom, to be precise more than 4 million tourists have visited the country for the purpose of “recreation and leisure” – this is an increase of 13.5% form the previous year, an impressive figure taking into account that most countries have seen a decrease in the number of tourist visitors.
Apart from the nationals of the countries which have traditional links with Bulgaria, visitors from other locations have emerged, among others British tourists, the number of which has increased by more than 60% in 2004. This tourism potential of the country attracts investors, who will be guaranteed excellent rental yields, the present level of which are on average between 6% to 10%, for their properties.
Factors to be considered:
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The diverse geography and climate have provided an excellent environment for the development of both ski and beach holiday resorts;
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The Black Sea international airports in Varna and Burgas are about 3 hours flight from the U.K;
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There are 220km of sandy beaches on the coast
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Many major international holiday companies have placed Bulgaria on their books – the demand for holidays is steadily increasing.