TANGRA CASAS S.L.

FACTS & Figures

The Bulgarian economy is growing with fast rates since the beginning of 2000, and up to now the property prices have increased 2 to 3 times, while usually, a property value can double within the timeframe of 9-10 years. In September 2002 a sales index for real estates on the Bulgarian market (REMI) was introduced, making Bulgaria the first country in the Central and Eastern Europe to introduce such national index for real estate sector. This index is considered to be a solid indicator of property investment activity and development in the country. There are several main factors that contribute to the advance of the Bulgarian real estate market, which include the stable political situation, the improvement of the infrastructure, the increasing popularity of the sea and ski resorts, the low cost of living and the influx of foreign investment. Also, the real estate related services and bank services, including mortgages conditions, are constantly improving in order to meet the high criteria of the EU countries. Generally, the demand for properties in Bulgaria is high and stimulates the construction of new residential complexes and commercial buildings.

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