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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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Location: The town of Sozopol has population of about 7,000 people and is situated 31km south of Bourgas. The town lies on a small rocky peninsula in the farthest southern part of the Bourgas Bay.
A one hundred-metre long strip of land connects it to the mainland. From 1925 on, the town has expanded in the direction of the Harmanite Area (the so-called "new town"). History: The earliest settlements in the area belonged to the Thracian tribes of Nipsei and Skirimian. In the 7th century BC Greek colonisers settled there and called the town after their god of Apollo, Apolonia. To the honour of Apollo, the construction of a thirteen-metre high bronze statute of the god was carried out by a sculptor named Kalamis. Apolonia developed mainly as a trading centre for honey, wax, corn, wine, olive oil, olives, textiles, jewellery, and pottery. Apolonia was frequently in economic and political disputes, including occasional wars, with the Doric inhabitants of Messembria (present-day Nessebar). Apolonia was included in the territory of the Macedonian State at the time of Alexander the Great. It was frequently subject to, but warded off, invasions of Nomads. The town fell under Roman domination in the 1st century BC after it was severely ruined by the armies of Marcus Lucul. The latter sent the famous statute of Apollo to Rome as a symbol of his victory. Yet Romans quickly restored the ruins, built new temples. Already in the 6th century BC Apolonia minted coins of its own. The high level of cultural development of the town at that time is testified by items found in its necropolis - ceramics, vases made of Egyptian glass, silver and golden decorations. The upturn of the town was so great, that Sozopol managed to establish its own colony, Anhialo (present-day Pomorie). Roman domination secured three centuries of peace before the next invasion of barbarian tribes. It was only in the 5th century that the town was included in the territory of Byzantium. During the reign of Khan Kroum it was within the borders of Bulgaria and like all other sea towns it frequently changed hands between Bulgaria and Byzantium. It was severely devastated in the middle of the 14th century during an attack of the Genoa fleet. Later it was conquered and sold to the Romans by the knights of Amadeus of Savoy. After a long siege the town fell under Turkish rule in 1453. Only wooden houses have been built there ever since; the oldest of these can be still seen in the old quarter of the town. A small fishermen"s settlement at the time of the Liberation, Sozopol gradually became the biggest fishing centre of the Bulgarian Black Sea coast, which also developed a tourism industry. The famous Tsar"s Beach is located to the north of the town. Raiski Zaliv (Paradise Bay) is nestled among rocks to the south of the town, while further southwards are the Kavatsite beach and camping site. The Harmanite Beach is immediately to the south of the so-called "new town". An ancient necropolis was found here in 1993 and excavations are still going on. Places of Interest: The sights of Sozopol are many, but none of them can be separated from the rest since all of them impact the visitors as an attractive ensemble. Among these are two ancient churches from the Renaissance period - St. Zosim Church and The Holy Virgin Church. The houses of Dimitur Laskaridis, who used to be a fish trader (built in the 17th century, and now hosting an art gallery), Ana Trendafilova, Kourtidis, Una Psarianova (now redesigned into a restaurant, Stenata Restaurant), Grandmother Koukoulissa Hadzhinikolova (today housing the office of Sturshel Newspaper), Metropoliev (a medical centre at present), Kreanoolu, are only a few of the more than 45 architectural monuments of Sozopol. The ancient atmosphere of the town is further fed by cobbled streets and high fences in front of which the old women sit and chat, knit laces and sell jams. Interestingly, one can still hear Greek speech among natives, particularly in the old town. Interesting places to visit are the Archaeological Museum and the Art Gallery. Moreover, at the beginning of September each year the town hosts the big Apolonia International Art Festival, which attracts artists and art lovers from all over the country and abroad. The isle of St. Ivan is situated just 2km away from the old town in northern direction. St. Ivan is the biggest Black Sea isle in Bulgarian territorial waters. The isle shelters a sonar lighthouse, which together with the lighthouse on the Emine cape shows the way to the Bourgas Bay. Once upon a time, the isle hosted a monastery called the Holy Virgin, which was later renamed into St. Ivan Prodromos. Outside Sozopol, there are a number of fjord-like formations to the south. The coast here is particularly high and jagged by the incoming waves. There are numerous secluded caves as well. Some 20km to the south is the mouth of the Ropotamo River, which is declared a natural reserve. The Duni Resort is situated 12 km north of Primorsko and was completed in 1987 as a Bulgarian-Austrian project. It offers lots of hotels, villas and bungalows. The Alepou Beach and Arkoutino Beach just next to the resort in southern direction are wild and beautiful places where the sea is traditionally rough. Cape Maslen is situated just after the mouth of the Roporamo River. Its rocky profile and steep slope down to the sea offer a great view to tourists on top of it. Beneath the cape, one can see small and quiet coves among the fiords, covered with pebbles and seashells. Further southwards is the Perla Camping located in one of the most beautiful bays along the Black Sea coast. Here the beach gradually turns into a green grove. Nearby is the marsh of Stomoplo. Two natural reserves cover this area - Vodna Lilia (water lily) and Velyov Vir. Via Pontica - the way of migrating birds flying to the south passes through here. Every year at the end of the summer thousands of storks, pelicans, and about 30 species of birds of prey gather in the area before they head southwards to spend the winter. Accommodation: While there are private lodgings in both the old and the new part of the town, the latter is constantly expanding and offers a bigger choice in terms of prices and quality alike. Private hotels have been also increasing in number in recent years (particularly in the new town), with the Radik Hotel and the Groudov Hotel being among the more popular known ones. It is worth noting though that at the time of the Apolonia festival the town is flooded by people (held traditionally in the first 10 days of September), and prior booking is recommended.
