So much has been written and said about the current prospects for the investment property market in Bulgaria now that the nation has joined the European Union; opinion ranges from those who believe the hike in property prices prior to EU accession represented the majority of the positive adjustment due in Bulgaria, to those who are certain that property prices could now mirror those of other recent EU entrants where prices doubled following accession.



Some emerging hotspots are Veliko Tarnovo, which is a stunningly beautiful town with amazing architecture and great tourism interest; located in the north of Bulgaria, it is a definitely one of richest cultural locations in Bulgaria.

The city of Stara Zagora occupies a strategic and important location in the country and is one of the most important economic hubs in Bulgaria. Located in central southern Bulgaria, Stara Zagora is a central hub for regional, national and cross border transportation. Varna, attracts hunfreds of thousands of visitors per year and is widely regarded as a primaty economic hub in Bulgaria. Varna is not only a beach resort, it is a place that is able to rival the great cities of Sofia and Plovdiv, with its array of fantastic cultural attractions, historical buildings, museums and art galleries. In 2005, there was a 70% increase in the number of tourists visiting Bulgaria, with the vast majority visiting the Black Sea region, and Varna in particular.

Varna and its surrounding region are currently undergoing a major transformation.Many of the investment projects are set to make this part of Bulgaria not only an even more exciting and prosperous place to visit, but also to reside in. Gary Player, the world-renowned golfer and the sport's first great international ambassador, has designed 2 high-class, seaside golf courses on the Black Sea named the Black Sea Rama. A total of ?30 million has been invested in these facilities, one located near Varna and the other near Balchik.

These developments are gargantuan, containing villas, apartments, shops and marinas. Black Sea Golf Resorts and Sofiabased 3G are investors in the project. Gary Player says that the 2 new courses meet the world's highest standards. Construction on the very first Black Sea site started in June 2004. Furthermore, a tourist complex costing ?10 million has been built near the popular Bulgarian Black Sea resort of Primorsko.

Along the Ropotamo river, there will be a golf course stretching for over 800 acres. French investors who have designed the complex are also planning to build a hotel, golf academy and a number of boutiques, restaurants and nightclubs. The hotel will provide accommodation for another 1,000 people.

The Mayor's office has also recently announced that a Consortium is to invest over ?15 million into building an F1 racing circuit in Kavarna, near the city of Varna.

The final new emerging investment property hotspot in Bulgaria is Blagoevgrad which is a city and a province in south-western Bulgaria. The city is the administration centre for the province and it is also the economic and cultural centre of south-western Bulgaria acting as a transportation hub for Bulgaria to connect to Greece, Serbia and Macedonia