Friday, May 18, 2007

How to Make a Fortune from a Place in the Sun

If someone were to give you £100,000 in less than four years for only a £20,000 investment now, you would probably snap their hand off, right or wrong?

This property investment opportunity offers anyone the chance to make over 100% profit per year, what savings account a rate of 100%, if your lucky your more likely to get a 6% return on investment.

The country we are talking about for making amazing profit potential from is the European Sate of Bulgaria. Bulgaria is now firmly in the European Union and is already starting to reap the benefits of this inclusion including massive investment in transport systems, motorways and its economy.

The Times recently published an article stating that Bulgaria was the new Spain for property investment and showing similar signs of the Algarve almost fifteen years ago when property was dirt cheap, if you try to buy an apartment on the Algarve you would be hard pressed to find anything under £150,000 today.

In Spain a saturation of costal properties have flooded the market for the demand of foreign investors, unfortunately for the Spanish property market most European investors have now turned to Bulgaria to purchase property resulting in a crash in Spanish property companies share prices which has directly affected the Spanish economy.

With this in mind and the amazingly cheap cost of living in Bulgaria, you can now see why Bulgarian property investment can make you a fortune if done now before prices rocket.

Currently a brand new off plan apartment on the coast of Bulgaria with sea views and near to towns and facilities will only cost you at present £20,000. Most Europeans can afford that amount for a second home or investment, so off plan property is snapped up quickly but bargains can still be found if you know where to look.

Bulgarian property has been showing extremely promising increases over the last few years which is set to continue. Last year an increase was estimated at 30% on the previous year. The next two to three years for Bulgarian property price increases has been stated by property experts to break all records.

I have personally invested and have already made a 40% increase on my investment in just under a year with the off plan purchase programme offered by many companies. I estimate to make over £100,000 in the next four years from my small initial investment.

If you would like to know more about how to locate cheap Bulgarian property and the best areas to invest in now before its too late, why not click on the link provided below or in the resource box provided with this article.

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