The investment options for those examining the property market in Bulgaria just got more attractive with the release onto the London Stock Exchange’s Alternative Investment Market of the first property investment fund from Bulgaria Land Development.
The fund and company, which are based in the Isle of Man, released shares representing 92% of Bulgaria Land Development’s capital, and on the day of release the shares netted the company twenty five million pounds proving decisively that interest in Bulgaria property investment remains intense.
The property fund will invest in residential and tourist accommodation in the ski and sun resorts in Bulgaria as well as in agricultural land and potentially in commercial and residential real estate projects in Bulgaria’s main city locations such as Sofia and Varna.
The largest shareholder in the company is CLS Holdings, which is a substantial European based real estate company, they have a 16% stake but the investment fund and its shares are available to anyone interested in Bulgaria property investment but without the capital or desire to commit directly to the real estate market.
For all those who prefer direct investment into property assets the news from Exclusive Properties International, who are agents for some of the most innovative and exciting property developments currently under construction across Bulgaria today, is that the market is heating up and property prices are moving rapidly upwards.
Those who are still contemplating a move into direct property purchase in Bulgaria should consider their options closely and keep a careful eye on the fast moving property prices particularly in the winter sports resorts in Bulgaria. Resorts such as Bansko (pictured) are now so hotly in demand that the difference between off plan prices between build phases on the same construction projects can be as much as 25%.
General industry advice is still to buy off plan property in Bulgaria for the best deals currently available, and many buyers who are doing this are expecting to be able to resell their investments upon completion to return a quick profit. For details of Exclusive Properties International’s current listings in Bulgaria click here.
