According to a report by the Bulgarian National Statistical Institute, of How many Irish and British Owners invested in Bulgaria, a total of 12,540 properties were purchased by Irish and British investors in Bulgaria between 2003 and 2009.
Peak Years for How many Irish and British Owners invested in Bulgaria
The peak years for Irish and British investment in Bulgaria was 2006, 2007 and 2008.
Why did they Buy
The reasons for the high level of Irish and British investment in Bulgaria during this period are complex. However, some of the factors that may have contributed include:
The relatively low prices of property in Bulgaria compared to other European countries.
The strong economic growth that Bulgaria was experiencing at the time.
The relaxed visa requirements for British and Irish citizens.
The proximity of Bulgaria to the United Kingdom and Ireland.
The global financial crisis of 2008 led to a decline in investment from Ireland and Britain in Bulgaria.
Our research shows that the actually number of How many Irish and British Owners invested in Bulgaria during these years is more likely to be over 30,000.
We are proud to be the longest serving agency on the Black Sea Coast, Bansko and Sofia exclusively representing Irish and British Investors.
If you would like to discuss your Bulgarian Property, How many Irish and British Owners invested in Bulgaria or to meet with one of our Agents while in Bulgaria. Please contact us in our Dublin or Manchester Offices and we will be happy to assist.
Most Popular Areas for Irish and British investors in Bulgaria
Many areas of the Black Sea Coast where we can see How many Irish and British Owners invested in Bulgaria are Sunny Beach, Nessebar, St. Vlas, Kosharitsa, Golden Sands and Pomorie were the main focus of Irish and British Investors.
Another area which received very strong interest during the years between 2003 and 2009 was Bansko. This Ski area was particularly popular among British Investors and remains very active in the current market.