Bulgarian Property Investments
Many British have already seen the potential that Bulgaria has to offer, and bought Bulgarian properties.
People you would'nt have expected to even be interested in Bulgarian property, are looking, or have even bought a little cottage out in the mountains as an investment, a holiday home, or just because they liked it and could easily afford a 2nd home!
Ask around your friends... I'm sure that you will be surprised.
Facts about Bulgaria
How much do you know about Bulgaria?
If you would like to know which time zone Bulgaria is in, or which countries it borders, or even about Bulgarian culture, it's all here for you.
Another way of learning more about the country is through the news. In 2006 we started collating news items that were specific to the property market in Bulgaria. This was a very successful excercise.
This year, 2007, we have introduced a partner website which focusses on property opportunities in the profit-rich Province of Dobrich. This site will carry all of the latest news from now on.
Who is buying Bulgarian Property, and where?
British people have purchased apartments on the popular Black Sea Coast and in the ski resorts of Bansko. These areas are highly sought after as they offer an opportunity to capitalise on the fast growing tourism.
Foreign nationals have also bought houses in the unspoilt rural villages. Property here is still relatively cheap still, and where high profits are almost certain to be achieved.
Land, as always, is at a premium close to the cities and coastal resorts. There is also alot of agricultural land for sale at this time, but you will need to check the local planning strategies to understand whether planning permissions are likely to be granted should you buy it.
Financial Information
The national currency of Bulgaria is the LEV, however, major purchases, Bulgarian properties, etc, are usually purchased in Euros. Read more about Bulgarian currency and the mechanisms to transfer money across to buy Bulgarian properties.
Buying property in Bulgaria
Foreign nationals are not just buying Bulgarian property. Many who have gone through the process of registering Bulgarian Limited Companies start a wide range of businesses in the country.
These companies span everything from cleaning services, estate agencies, building firms, supermarkets to the development of leisure facilities. The major investors, and EU, are pouring millions of Euros into the further enhancement of under-developed areas.
The bottom line is that the EU and foreign nationals are both investing heavily in Bulgaria's future, and with this investment, is coming property related opportunities.