by Les Calvert

Buying a property in Bulgaria? This useful guide contains an insight into the Bulgarian property market and the process followed to successfully purchasing a property in Bulgaria.

Guide to Buying Property in Bulgaria

Overview

Successfully looking for Real Estate in Bulgaria

As it emerges from years of semi-isolation behind the infamous Iron Curtain, Bulgaria is becoming a more and more attractive place for foreign nationals to make investments of different types in the real estate market. (With that said, and as will be discussed thoroughly later, a foreign national cannot presently directly own real estate in Bulgaria. The prohibition against direct ownership should be changed within the coming decade. And, in the interim, there are ways in which a foreign national can take title to real estate in a more indirect manner — which will also be discussed in detail shortly.)
Read the rest of this entry »

The Spanish property market is cooling in many areas such as the Costa del Sol so you need to buy sensibly and make sure that you are buying good value properties in areas that have still to see the large capital growth over the coming years. I believe that in Spain such areas as Costa Almeria, Murcia, and parts of the Costa de la Luz continue to offer great value but you must still be aware of the factors that will influence your return and your ability to sell the property on.

In Bulgaria there are some fantastic gains to be made but again I would exercise a degree of caution. Having just returned from Bulgaria last week, it concerned me just how many people are piling into areas like Sunny Beach which, frankly, look to me massively overdeveloped already. When combined with fairly low build qualities and a fairly downmarket feel, I wonder to whom all these investors (many of whom are buying off plan for the first time) are going to sell to in 18 months or so. The same applies to Bansko, which I have been told is already at capacity as far as numbers of people the resort is able to cope with on a day to day basis.
Read the rest of this entry »

By: Mathew Petrenko

Realty abroad might be a very attractive investment opportunity. Costs of houses, real estate Bulgaria are rising rapidly. According to figures, the previous year, the price on realty in Bulgaria has risen by 25 percent. Therefore, this is worth investing. In case if you are interested in obtaining a permanent residence permit outside of your country, beach Bulgaria is a very good choice! There is no country in Europe that would allow active and healthy leisure activities both on sunny beaches at the Black sea and at ski resorts. The most attractive realty for sale in Bulgaria is located in the coast area regions, near the ski resorts and in the capital of the country.

Realty in Bulgaria are constructed really rapidly: the common construction time of a typical apartment-type resort complex is about a year. The exact cost of an apartment is unchangeable at the stage of signing the agreement. It is unchanged throughout the building period. Typically, when you buy some piece of realty in Bulgaria (a house or an apartment), you get a complex of add-on services, including corporate body registration, if necessary. When the transaction is effected by an individual person, as a rule only a passport is sufficient and no other documentation are necessary. If it is a corporate body buying real estate in Bulgaria, you will need only the constitutive documents.
Read the rest of this entry »

By: Clint Jhonson

Bulgaria is a picturesque small country which has existed for more than 13 centuries in Europe. It is one of the countries which link the East and West cultures of the world. Bulgaria descends from ancient civilizations and great people that constitute the turbulent history of this Balkan country. Bulgaria occupies the Northern part of the Balkan Peninsula. Bulgaria has been an allied member of the EU since 1992 and in 2007 Bulgaria entered the European Union. There are many reforms which aim is to bring the country to its economical growth. This is why the real estate investment is very attractive. The stable growth of the economy represents a good perspective for a good investment.

The properties which are old properties and need to be restored are generally of another pricing scale and if you consider you want an old mansion and you are ready to invest in such a home in Bulgaria you will not have to pay out so much money as in Europe. The prices vary from $30,000.00 for a small studio to $140,000.00 for a big luxury apartment in a very good part of the city or at the seaside with a great view and all conveniences and building standards. It is for sure that the prices will rise and in two years or so the property in Bulgaria will achieve the European prices regarding real estate market. That is why if you are thinking seriously about real estate investment in Bulgaria you should not hesitate too much otherwise you will not be able to get the returns you expect from your investment. But this doesn’t mean you should invest randomly in whatever is available. Study the market, see the offers, talk to experienced investors and with the real estate agents, find additional information about the Bulgarian market and you will be ready to make the right investment.
Read the rest of this entry »

By: Craig38 McFadden38

The real estate market in Bulgaria has been surging, as Bulgaria has now become a part of the European Union. It is estimated that you can make profits as high as 30% for the investments you make every year. To make such profits you also need to make the right moves and take the help of the right agency and ensure your hard earned money goes into the right places.

To make decent profits you also need to know what to look for when going in for the deal. Once you are clear of this you are well on your way to making huge profits. The first aspect to take into account is to purchase the best properties within your budgeted limits. It does well to remember that the only reason you are going into the investment is to make huge profits. In order for a deal to become profitable you must be able to sell it off faster and easier when compared to other properties. Hence the most important criteria are that the property should not only attract you but also appear attractive to prospective buyers in future.
Read the rest of this entry »

By: Nickolay Dobrev

While buying property for sale in Bulgaria, and especially when it comes to brand new developments, often marketed off-plan, most British investors are “seduced” by the rent out options of 8-10% annually. The truth, however, is yet to be discovered as few Bulgaria property developments can actually boast realistically such percentages, the majority still being quite doubtfull in their proof of viablity. The following text is the first of series of articles exploring the possibilities for renting out in a market where buy-to-let has been unknown till very recently.

The nature of the Bulgaria property market is very dynamic as the market itself is quite young (roughly 15 years old in its present shape) and as the sellers still dictate its bias. Looking from the stand point of the developers and their agents, or simply from the stand point of the home owners, the recent leap of the prices is the major driving force when it comes to whether to sell, build or both. Combining the popular in Britain menatality of investing for renting out with the local desire for quick profits, many sellers and developpers are tempted to promise unrealistic figures. Aside from few regions along the Black Sea coast and in the mountain resorts, the rest of the country cannot offer even fraction of the easily promissed bombastic returns on investment. Looking deeper into the Bulgaria property market, even the Black sea coast developments are dubious and contingent on too many unknowns.
Read the rest of this entry »

By Guy Marlow

Many people wish to travel Bulgaria in this day and age although these same people knew nothing about this wonderful country five years ago, so what is it that makes holiday makers and travelers want to travel Bulgaria so much.

Bulgaria may only be a small country hidden away in south east Europe on the border where east meets west but it is also a country that is steeped in history, culture, wonderful landscapes and amazing people.
Read the rest of this entry »

By : surrinder Ahitan

If you are interested in houses in Bulgaria, you are entering a buyers’ market. At this point in time, there literally is a real estate boom within the country through which the market is flush with houses for sale in Bulgaria.

When it comes to houses in Bulgaria that are on the market at the present time, many people want to purchase property in an urban area. In this regard, when it comes to Bulgaria home sale options in the larger cities in the country, there are a number of viable options available to people on the hunt for houses in Bulgaria.

Over the course of the past decade, a number of the more historic, grand properties in cities in Bulgaria have been subjected to serious and significant renovation. As these splendid residences are being restored to their traditional splendor, they are also being updated with the latest and more modern accoutrements available today.
While the prices associated with these historic houses for sale in Bulgaria are climbing, a person interested in owning and renovating such a residence can obtain such a property for a reasonable price at the present time.
Read the rest of this entry »

By : surrinder Ahitan

In addition to seeking out a Bulgarian property for sale for personal or family use, there are a number of people who are interested in finding a Bulgaria house for sale for investment purposes. In other words, these people want to purchase a Bulgarian property for sale, hold on to the property for a moderate amount of time (perhaps leasing it out during the period of ownership) and then they desire to sell the residence for a profit.

In point of fact, some people are able to make good money through the process of making the purchase of a Bulgarian property and then reselling the property after the passage of a reasonable period of time.
Read the rest of this entry »

Why Bulgarian Property Investment?

The Bulgarian Economy is growing steadily and doesn’t seem to be changing any time soon. There is currently a strong growth in industrial production in Bulgaria. Employment and credit has resulted in high GDP growth over the last few years. The economy in Bulgaria has grown at an average yearly rate of 4.8 % over the last five years and in spite of this, inflation has been greatly reduced to the of 2.3 % in 2003.

Foreign direct investment (‘FDI’) into Bulgaria has also increased every year since then. FDI reached US$7.4 billion in 2003 from a rate of US$5.7 billion in 2002 (which is a 30% increase). The outstanding growth in the Bulgarian economy should maintain a strong property market and lead to higher Bulgarian property prices. Bulgaria Property prices are currently low; making the best time to invest. Property in the better residential areas of Sofia sells for around £67 – £82 per square foot.
Read the rest of this entry »