Bulgarian property?

Question

I am considering buying property in Eastern Europe and looking at Bulgaria as the prices are very low and have potential to rise I feel. Can anyone give me advice / discuss experiences on buying property there. I intend to rent it out.

Answer 1

I have many properties in BG which was purchased last year,i willnot rent them but sit tight for 2 yrs and then sell them.Bg has a massive ongoing building programme.The season is very short and Rentals are competitive.The area of Summer Beach is like a bomb site right now ,and probably will be for some time.The infastructure in Bg is poor in comparison with other countries in europe.The most you could hope for per annum is a return of around say 2% on your capital nett.Property prices will increase when the new building slows down.I would be looking at 5 yrs to make a decent profit.

The alternative is to become a property agent with zero investment make yourself a pile.They are charging Eu 60 per mtr to sell property work it out yourself.

Answer 2

Rural houses in Bulgaria are a real bargain. BULGARIAN PROPERTIES offer thousands of rural houses for sale around Bulgaria. Usually the rural houses are solid ones, made of concrete, bricks, stone foundations and metal reinforcements in the concrete. Of course it is not rare to see houses which are lower standard, especially the ones built in the beginning of the 20th century. The houses from the end of the 19th century were built of adobe and in most cases now require restoration.

Rural properties in Bulgaria offer something very important – they are a kind of a trip back in time, when life was slower and the important things were to communicate with your family and friends, nature, to prepare home made food and other things that are more or less forgotten in today's busy life. However, they have been preserved in Bulgarian villages and there you can enjoy timelessness and authentic Bulgarian customs and traditions.

The unique charm of the old Bulgarian houses in the rural areas attracts many tourists. Usually, the rural houses come with big gardens of 1000-4000 sq.m. which are included in the asking prices. The most common type of rural house in Bulgaria is detached house. ........Property Management Bendigo

Answer 3

I would look at the embassy website/ goverment website.

have to be careful you dont get ripped off, so find out where you stand with the law first and find a reputable estate agent.

Have fun Bulgarias a great place.