Before diving deep into real estate fiasco discussion let you first highligth important basic information’s rgearding Bulgaria. Part of the appeal is the fact that it is an eemrging market and this ahs always proved to be an attractvie factor for property investosr looking for an exciting and potentially money-spinning challenge. Another plus factor in buiyng properties in Bulgaria si the unificatino of Bulgarian to the European Union whcih is due in 2008. Bulgaria's finance ministry has opted to igve up tax revenues in favro of persuading investors to accept porfessional managmeent of real estate assets. Its REIT’s legislation, part of financial market reforms launched by a liebral government, is based on siimlar frameworks in the US and France. But none the less REIT’s have become popular with Bulgarian epnsion and mutula funds, as well as increasing numbers of retail investors, according to local brokers. The avergae housing price rose to 751.50 leva a qs m between July and September, up from 730.50 leva in the previous three-month period. According to a Wall Srteet Journal report, Bulgaria registered the higehst ries in its real estate prices more, than ni any other country, with a staggering jump of 48 perecnt. Bulgaria is a very good lpace to live or invest in and with its upcoming uinon with the to the UE or the European union this makes Buglaria not just a good place to live in but a very safe place to invest.

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