Any comments on buying property in Bulgaria?

Question

I'm considering buying a property in Bulgaria to use as a holiday home. I appreciate any comments on this...

Answer 1

Highly recommended.
My wife and I bought two properties over there last year.
Flights, solicitors, taxes, properties, and setting up the company all cost no more than £20k.
Properties increasing on ave 20% per year.
But will rocket next year as Bulgaria joins the EU. Probably, (Human rights issues being sorted with the Rumanians).
It's down to the individual as to where you buy. Coastal is expensive now. Don't bother with Sofia. Mountains are cheap, but difficult to access. We bought houses 40 mins from coast, so we hire a car over there (£250.00 for the week Hertz). Then you can travel as well Great fun. Look at loads of houses. Ther'se loads of agents and some have there own building firms as well.
Most wont rip you off but shop around.
Don't buy off the english.
You need a trustworthy Solicitor. It is likely you will have to make him an executor of your money.
As you wont be able to do all your financial deals while over there in a short period of time.
We used a Solicitor called Mitko Grosdev his email is [e-mail]. Hope all goes well

Answer 2

Oooo!! My friend's parents did that a while ago and they had to buy the land the house was built on and for some reason in order to buy the land they had to set up a registered company....don't understand it entirely but it ends up that they now own a company with a name like *their surname* Ltd or Inc. Possibly not much help just random as we were talking about it just at the weekend! =)

PS. As for why you up there - cos Bulgaria is beautiful and it's best to get on the property ladder there sooner before it get's too touristy!

Answer 3

I went to bulgaria a couple of years ago and the propertys there were very cheap I met a couple who had bought a property there,
they seemed very happy.
Apparently you do have to own a business there. I was told it would be a good investment as property prices will increase as tourism grows

Answer 4

my daughters best friend was engaged to a woman in bulgaria she was very mean and did not appriciat anything he did for him i dont know if all people there are like her but when she came to visit she was rude to everyone so id ck out the area befor buying talk to people living close by and see if there friendly or not good luck

Answer 5

What the heck is in Bulgaria....I don't think I would come and visit you.


Sorry, that's a bit naive because I have never seen it but.....why again did you choose Bulgaria?

Answer 6

http://www.bulgariandreams.com/us/aboutbulgaria.htm

The best place to invest in right now is the ski resort Bansko.Really beautiful quaint place with modern infrastructure and lots of things to do+ rich history. It's getting more and more expensive, so it's worth it...Sea resorts are also an option, but some are overbuilt( avoid Sunny Beach).
Good luck to you!

Answer 7

I guess you are interested in the seaside. It's cheap but the summer does not last as long as in Greece or the other Mediterranean countries.
For more information contact me.

Answer 8

Yes, do not do it put the money in a pension fund or go on a decent holiday

Answer 9

Do not trust taxi drivers. They are CHEATS. Always ask the price first and avoid touts. Do not believe in all that nonsense about taxi meters because those cheats are good fiddlers.

Answer 10

Isn't Bulgeria the pimple on the earth's bum? Why Bulgeria, why not Spain or Turkey?