Property Investment Case Study: Bulgaria (TPI-BU-001)
Introduction:
No data available
Location:
Southeastern Europe, bordering the Black Sea, between Romania and Turkey
Economy:
Bulgaria, a former communist country striving to enter the European Union, has experienced macroeconomic stability and strong growth since a major economic downturn in 1996 led to the fall of the then socialist government. As a result, the government became committed to economic reform and responsible fiscal planning. Minerals, including coal, copper, and zinc, play an important role in industry. In 1997, macroeconomic stability was reinforced by the imposition of a fixed exchange rate of the lev against the German D-mark and the negotiation of an IMF standby agreement. Low inflation and steady progress on structural reforms improved the business environment; Bulgaria has averaged 4% growth since 2000 and has begun to attract significant amounts of foreign direct investment. Corruption in the public administration, a weak judiciary, and the presence of organized crime remain the largest challenges for Bulgaria.
Property Market:
No data available
Examples:
Attractions:
No data available
Transport Infrastructure:
No data available
Local Mortgage:
No data available
Inflation:
5%
Economic Growth:
5.5%
Sunshine Days:
No data available
Annual Rainfall:
No data available
Temperatures:
Winter: No data available
Summer: No data available
Property Price Inflation:
No data available
Local Currency:
No data available
Cost of Living Index:
No data available
Income Tax:
No data available
Property Tax:
No data available
Capital Gains Tax:
No data available
Buying and Selling Costs:
No data available
Rental Yields:
No data available
Report Compiled By:
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Download Case Study TPI-BU-001
Report ref: TPI-BU-001
Date created: 04-03-2006
