Balham Hill, United Kingdom (PressExposure) August 20, 2008 -- "A decade ago, the idea of buying a holiday home in Bulgaria would have been laughable. Ten years on, and now a member of the European Union, it is one of the fastest-growing property markets in Europe," reads an article in the British magazine "This is Money". Analysts at estate agent Knight Frank consistently put Bulgaria in the world's top five areas for growth - with price hikes of 20.5% recorded over the past year alone. Another British mortgage broker estimates that Bulgaria will account for 25% of overseas business by 2020.
THE PROPERTY MARKET IN BULGARIA
There's no denying the effect the EU's expansion is having on countries like Bulgaria. Property prices here have been rising by more than 30 per cent per annum - one of the highest rates in the world. Rates are around three times higher than in countries like Italy or France. The cost of living remains low, but has started balancing out now the country has joined the EU, reflecting a new but fully fledged market economy. Bulgaria has some of the cheapest Property in Egypt. New investment developments are indicative of the directions the tourist industry is taking: skiing, and beach holidays. Bulgaria is certainly the cheapest country in Europe for new ski accommodation.
THOMPSON & BALKAN RUN REGULAR CHEAP FLIGHTS TO PLOVDIV
Thompson and Balkan Airlines both opened regular cheap flights to and from the international airport in Plovdiv.
EASY JET ANNOUNCES EXPANSION INTO BULGARIA
EasyJet, Europe's leading low-fares airline, today announced the addition of seven new routes this Autumn, including new connections to currently served destinations and the addition of Bulgaria to its network.