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Contacts
Bulgaria, Burgas
39, Kirill & Metodiy Str.
bulgproperty.com
Phones:
+359 8888-42-452
E-mail:
bulgproperty@abv.bg
info@bulgproperty.com
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Contrary to recent rumours that the Bulgarian real estate market is not so attractive to foreign investors any more, Andrew Regan, a Scottish online freelance author, comments that the Bulgarian property boom shows no signs of abating.
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Investors are particularly interested in Bulgaria, as it is believed that EU money will be spent on improving the country's infrastructure. Bulgaria has seen a great deal of political reform since the Communist era, and the government has shown solid commitment to economic improvements, with GDP growth the highest in Eastern Europe.
Economic growth has also caused a vast escalation in land values, which have risen from just 20 euro a square meter to around 350 euro in some areas. The prospect of high profits has lured many individual and business investors from Britain, Ireland and Russia to buy ski and beach chalets, which can be purchased for a fraction of the price of similar properties in more traditional holiday areas such as France, Spain, Austria and Switzerland.
The high price of UK properties and the recent rises in interest rates have also led UK investors to widen their search for better real estate deals. Bulgaria continues to excite investors as it is an emerging market that offers property at prices that are unobtainable in other parts of the world. It is still possible to pick up property for as little as 30 000 euros, a sum which would buy little more than a garage in the UK.
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Nova Zagora
Nova Zagora (Bulgarian: Нова Загора) is a town with a population of approximately 26,000 people in the city, and approximately 48,000 in the entire municipality (which includes 33 surrounding villages). It is located in the southeastern plains of Bulgaria at
42°28′60″N, 26°1′0″E.
The first traces of life in the region date back thousands of years. Many archeological sites are located in the region, showing settlements dating back to the Stone Age and the Stone-Copper age (Eneolithic). The most prominent archeological site is in the nearby village of Karanovo. Nova Zagora is located in the so-called Thracian Plain, named for the Thracian culture that thrived in the region for centuries. The Nova Zagora Historical Museum has many historically significant artifacts dating back to this era.
The region is very fertile, growing a wide range of produce including grapes, sunflowers and cereals.
Nova Zagora is located on the main Plovdiv-Burgas railroad, as well as the Trakia Highway that runs from Sofia to Burgas. It is 35 km east of Stara Zagora and 30 km west of Sliven. The Nova Zagora Municipality is part of the Sliven administrative district.
Official estimates indicate that approximately 12 percent of the population is from this ethnic minority, but unofficial estimates are much higher. The town suffers from high levels of unemployment (estimated at 23 percent), and the population has been declining like many other small urban areas of Bulgaria.
The climate is mild, with the average winter temperature at 1.2 degrees Celsius, and the average August temperature of 23.5 degrees.The town has a variety of sports facilities, including tennis, athletics, karate and there is also a football team called Zagorets Nova Zagora
