Bulgaria’s accession to the EU was confirmed on the 26th September 2006, and subject to the country meeting terms and conditions, it will become a member in January 2007.

This is fantastic news for the country which was under the communist regime until 1990. Experts have predicted this will lead to a property boom similar to that in Spain, with an increase in prices and rental yields, along with the safeguard of EU regulations.

The EU has already invested €240 million for improvements to the infrastructure and economy, and a further €4.4 billion has been set aside in the EU budget to be used between 2007-2009.

Prices are predicted to rise steadily over the next few years, as the country becomes more attractive to tourists and businesses. Demand for rental properties in the resorts as well as the capital Sofia, where the main government offices and embassies are located, will increase as will rental yields.