I've heard you can buy bulgarian property from around 2-3 thousand pounds an anybody help or recommend anybody
2006-10-26 22:21:02 · 7 answers · asked by Barry 2 in Business & Finance ➔ Renting & Real Estate
Yes you can Switch Homes are a British registered estate agency with 5,500 properties accross Bulkgaria with prices from 4,000 EUROS to 18 million EUROS. If you would like a free Buyers Guide to Bulgaria simply email me at pscott@switch-homes.co.uk and I will arrange for on FREE OF CHARGE to be sent to you. Peter
2006-10-26 23:31:49 · answer #1 · answered by talktopeter 1 · 0⤊ 0⤋
It is true, you can indeed buy property at this price, but the property is more likely to be a partial or complete ruin that either need completely demolishing or major renovations.
Just type "cheap properties in Bulgaria" into a search engine and that will bring up loads of sites for you to look at.
If you are going to purchase a property abroad, make sure you look into the country's property laws and procedures before parting with any money. It's always worthwhile to get a surveyor to do a thorough report on the property - even if you are not obliged to do so under Bulgarian law.
If memory serves me correctly, in order to purchase property in Bulgaria, you have to set up a business - regardless of whether or not you choose to trade, and you need a business bank account.
Hope this helps!
2006-10-26 22:31:58 · answer #2 · answered by Witchywoo 4 · 0⤊ 0⤋
My advice is don't! People have gone to Bulgaria, Romania and Hungary and bought up buy to let and forced up prices. People are selling babies - because after they have paid their inflated rent they have no money left for food. If you go ahead - why not buy a few babies while you are over there for childless couples and you'll make cash both ways. Invest your money elsewhere in stocks, currencies, gold. Not property - it causes misery to homeless people and poor people. Why do you think people from East European countries want to come here to make money? People like you are forcing them out of their own countries - you have seen how property prices have affected the homeless in the UK. No maybe you didn't.... perhaps you closed your eyes - or you were busy calculating the profits on your own home.
2006-10-26 22:34:13 · answer #3 · answered by Mike10613 6 · 0⤊ 0⤋
I went to Bulgaria this year, they are not that cheap. However you can get from around 8K. I suggest you visit Bulgaria its cheap to go and there are UK Agents over there with lots of properties for sale. Its a lovely country and some of the properties are in great locations. However expect to do them up as a lot of them are run down shacks!
2006-10-26 22:31:07 · answer #4 · answered by Annie M 6 · 0⤊ 0⤋
£2-3K will get you very little - unless you want to live next to a pig farm. If you want something even half decent then you'll need to add at least a 0 to the end of your estimate - look at
www.scanlock.co.uk
for an idea of whats out there and for what price.
Good luck.
2006-10-26 22:31:55 · answer #5 · answered by energysaveruk 2 · 0⤊ 0⤋
Dear Barry, DONT.
2006-10-26 22:31:31 · answer #6 · answered by adybaby 1 · 0⤊ 0⤋
My Advice is Don't do it
2006-10-26 22:28:25 · answer #7 · answered by Pobept 6 · 0⤊ 0⤋