PROPERTY IN BULGARIA - REAL ESTATE IN BULGARIA

Real Estate in Bulgaria has increased quite considerably in value over the last few years, Bulgaria is probably the most stable country in South East Europe and has the fastest growing property market, interest from investors has grown, with many people acquiring real estate in Bulgaria as a second home or holiday let; real estate in Bulgaria is generally purchased with cash, property in Bulgaria is inexpensive compared to many other countries, the cost of Bulgarian property in the Coastal regions and Mountain regions tend to be more expensive than in the small villages and towns, however prices will rise in the future as more and more investors choose to purchase Bulgarian property, the Bulgarian government offers financial incentives in order to encourage foreign investors to purchase real estate in Bulgaria, tourism is very important to the economy of Bulgaria and massive improvements in infrastructure are already underway in a bid to increase foreign investment further, Bulgarians are very hospitable people and welcome foreigners to their country, many nationalities live in harmony in Bulgaria.

Although there are many new properties around Bulgaria, real estate in Bulgaria has some lovely old property in the villages and mountains, investors who buy-to-let may wish to consider purchasing a rural Bulgarian property to provide year round accommodation for visitors who wish to take advantage of the many outdoor pursuits that are available, rural property in Bulgaria has much to offer the investor, the stunning scenery alone makes any Bulgarian property a good investment, renovating property in Bulgaria does have its pitfalls, a property in Bulgaria in need of renovating can be purchased for less than 10,000€, problems may arise if the property in Bulgaria doesn't have the basic infrastructure of running water and electricity, it can be quite costly to renovate property in Bulgaria and some agents selling Bulgarian property in need of renovating do provide a renovating service which is well worth looking into, when purchasing Bulgarian property it is always wise to employ the services of a solicitor to oversee the legalities.

Real estate in Bulgaria is very much in demand from foreign investors who have realized the potential of owning property in Bulgaria, many new properties are being developed and offer good size accommodation with excellent views, Bulgarian property is built to high standards and with attention to detail, foreign visitors who wish to purchase property in Bulgaria tend to purchase an apartment as this is quite a simple procedure, purchasing property in Bulgaria such as a house is a little more complicated, individual investors cannot purchase the land the house is built on, in order to get round this law investors are required to set up a Limited Company, investors can then buy the property in Bulgaria including the land, although the Limited Company will own the Bulgarian property, when Bulgaria joins the European Union this law will change and investors will no longer need to set up a Limited Company in order to purchase their dream property in Bulgaria.