Bulgarian Property Investments

Bulgarian Real Estate

Bulgaria real estate prices are by far lower than most
other destinations in Europe but the estimated acceptance
of Bulgaria in the European Union provides extremely high
growth potential that will certainly boost the prices of
the Bulgaria real estate in the near future. It is best to
buy now while the buying good. Bulgarian market or real
estate is still relatively unexplored and undeveloped,
which makes it very attractive and profitable.

It will probably be shocking for you to learn just how
many strategic real estate properties are still waiting
for their owner to appear and earn a ton of money from the
natural beauty that is around. Bulgaria has one of the
most liberal foreign investment laws in the region
regarding Bulgaria real estate, as well as the foreign
investors too. Basically, foreigners can purchase only
buildings but not land in Bulgaria. Only Bulgarian
citizens and legal persons can actually obtain the
ownership of Bulgarian land.

What this means is that the most popular and preferred by
non-residential ways that you can become the real estate
owners and they are: As far as houses, villas, flats and
limited ownership rights (the right of use) are concerned,
you can directly purchase them as a person. However, if
you are thinking of buying Bulgaria real estate as well as
the land it sits on, you have to set up a company that
will be the owner of the property instead of you. Setting
up a company in Bulgaria is very easy and all that you
really need to do it is a good solicitor or barrister
(lawyer) to act on your behalf.

If you are thinking of buying Bulgarian property, you must
take some things into consideration first. The usual term
for the old owners of the Bulgarian property has to move
out of it after the sale is completed within one month.
This could be changed if the buyers require a shorter term
however the change must be negotiated first. You should
not expect the property to be empty right after signing of
the final contract.

Also, any foreign buyers who are purchasing Bulgarian
property must be aware that in Bulgaria there are such
terms as the "tax estimation price" which is for the
purposes of real estate taxation and it good to know that
it is much lower than the actual selling price. Most of
the Bulgarian property owners wish that the "tax
estimation price" was actually is written in the title
deed, and not the selling price which the buyers are
paying because it is just easier and saves many headaches
in the end. Because of this you should expect to see
differences between the price you are paying and the price
that is actually written in the title deed.

Bulgarian agents can not be held responsible for these
types of price changes. If the property buyer wishes that
the purchasing price is written in the property title deed
they must generally notify the agents in advance so that
they can negotiate on this with the seller of the
property.