Investment Report Buying property in Bulgaria off plan

The Government's remarkable reform programmer, conducted over the past years, has dramatically transformed the economic outlook of Bulgaria in a positive way. Bulgaria has now established the necessary conditions for high economic growth with sustainable macroeconomic stability and increased competitiveness. The country offers a unique, profitable, competitive location for new investment. 

For buyers

Inflow of Foreign Investment Due to the favorable economic, investment and business environment, many foreign companies are present on the Bulgarian market. Famous multinational companies such as: ABB, Allianz, American Standard, Danone, Heidelberg Zement, Interbrew, Kraft Foods, Liebherr, Lukoil Petrol, OMV, Shell, Solvay, Umicore, etc. have substantial subsidiaries in Bulgaria.

 -Good time to invest in Bulgaria 2004-2007 year
 -Bulgaria freehold
· Consistent political and macroeconomic stability
· GDP growth prospects of over 4% per year
· Competitive tax regime - corporate profit tax and VAT among the lowest in Central and Eastern Europe
· Clear-cut priorities for EU and NATO Accession, supported by the active position of the Government
· Stable and predictable business environment
· Sharply decreasing corruption
· Transparent and rapid privatization process - by virtue of the Law on Privatization and Post-Privatisation Control (March 2002) the state-owned stakes in some 1,600 enterprises are declared open for privatisation
· Strategic geographic location, natural gateway to the large markets of CIS, Asia and North Africa. Attractive infrastructure projects in transport, telecommunications and energy
· Excellent education, especially in IT and foreign languages
· Excellent labour quality / labour cost ratio, significantly lower labour cost than the Europe average
· Significant potential for Hi-tech and R&D related ventures
· Full national treatment of foreign investment
· Institutional support for priority investment projects
· Effective free trade agreements with most countries in the region leading to liberalized access to a regional market of over 550 million consumers - EU, EFTA, CEFTA, Turkey, Macedonia, Croatia, Israel and Estonia free trade agreements

Investing in Bulgarian land

Investing in land in Bulgaria is a highly tangible, secure and prestigious opportunity that Imoti BG Ltd. can guide you through - professionally and carefully.

Land has long been viewed as a solid and tangible investment. The value of residential land has increased on average, across Bulgaria, by 7% over the past 4 years. And Bulgaria has yet to see the spiraling land prices of the new EU member countries.

 

 

For resort areas such as Sunny Beach, Golden Sands, St Constantine and Elena, Nessebar and Sozopol, the typical cost of land plots has increased from £60,702 to £675,825 per acre over the last 3 years. According to the Bulgarian land market indicators analysis this is certainly a trend that will only continue to increase. Minimum price for such locations will likely be around £1080510 per acre mark by the year 2007.

 

Beach front land plots within easy reach of town and communication links are still available to developers, although many hold agricultural or forest status. It is, however, possible to change the designation of the land to allow development. The procedure for the transfer of designation takes approximately 3-6 months, and, importantly, the right team of experts on board. Whilst this might at first appear to be a daunting undertaking, in actuality it is a viable investment project, given the right team and compliance with various legal procedures.

By choosing Imoti BG Ltd. for your Bulgarian land purchase, you will be secure in the knowledge that you are getting a highly informed, honest, and experienced level of client services and expertise.