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Guide to Property Investment in Bulgaria
Bulgaria is becoming the hottest property market in Europe.
Over the last five years there has been an unprecedented rise in property prices in Bulgaria's tourist areas.
Bulgaria is looking likely to provide a lucrative long-term investment. It seems investors believe any risk of investment in this "emerging" market is outweighed by the advantages to be gained by investing in a low cost location with the protection of EU membership.
Why Invest in Bulgaria Property?
Property prices remain amongst the lowest in Europe and a burgeoning tourist market is growing by 22% per year. Some developers have seen their tourist property complexes raise in value in excess of a 100% in a year. Even if spread across the board, it still averages out to a sizeable capital growth of 35%.
Investors who have never considered Eastern Europe as part of their strategies are now rethinking their moves. 20% to 30% capital growth in a space of just 6 months is a return that will attract novices and professionals alike, and this is just the beginning.
Since the collapse of communism in 1989, Bulgaria has been opening itself to the West, and its natural attractions have not gone unnoticed. Bulgaria offers long sandy beaches with a warm Mediterranean style sea, five mountain regions and only three hours flight from the UK. Furthermore it enjoys a surprisingly low cost of living, which means your Pound, Euro or Dollar goes a long way.
EU Membership
Since Bulgaria joined the EU in 2007 much has been done to improve the nations infrastructure. Investments in Bulgaria by the European Bank for Reconstruction and Development (EBRD) have recently past the EUR 1 B mark. (Oxford Business Group (OBG) reported.)
This EU investment means better Roads, Rail and Airports, which makes it easier to access all that Bulgaria has to offer and it seems more and more people are doing so. Bulgaria has become an extremely popular destination for Tourists not only at the well-known Black sea resorts but also as a Ski destination.
How Do I Invest?
- Select your property
- Contact us for more information
- Fill in our reservation form
- Send a reservation fee of €2000 (approx. €
- Choose your Payment plan
- Contact a lawyer to check our contracts
- Sign the contract
- Enjoy the satisfaction of making a good investment
Costs & Fees
- One percent of the price of the dwelling for standard legal fees (all property transactions in Bulgaria have this fee).
- Three percent of the price of the dwelling for notary fees paid when the property is finished (all property transactions in BG have this fee).
- Approximately €175 (approx. € annually per property for tax and trash collection.
- Approximately €15 (approx. € per sq.m annually for a maintenance services
- Insurance of the dwelling furnished may cost you from €150 (approx. € to €500 (approx. € annually
Reserving Your Property
You can reserve a property by phone, post, and email or on site at the time of your viewing/inspection trip.
We will hold the property for you for seven calendar days and after that we will need to receive your deposit and reservation form. Then we will send you the contract to seal the deal. The sum for the reservation will be deducted from the total price of the property.
