Buying Guide for Bulgaria Property Investment
By Harry Burns, Investment Journalist
It’s probably not news to you that cutting-edge British investors are rushing to buy Bulgaria property. There’s much to indicate that Bulgaria property is an unbeatable investment. Bulgaria is rich in culture and boasts unspoilt villages, stunning vistas, and rock-bottom living costs. And with the introduction of budget airlines in 2007, around the time that Bulgaria joins the EU, property values and rental returns will only continue to grow. Whether you buy Bulgaria property in the mountains, by the sea, in a city, or in one of the villages – your return on investment is sure to exceed any other property investments you have made in the past.
And with Bulgaria property available for as little as GBP $10,000, it’s hard to contain your Bulgaria property purchase to just one. So, if you are in the market for an investment in Bulgaria property, look over our guide before you make a decision – it might help you determine what the best investment(s) are for you:
Get Back to your Rural Roots
Rural cottages in the Bulgarian villages are the perfect getaway house. If you are looking for a Bulgaria property so you and your family will have a home away from home, this is the place to put your money. And with villages dotting the countryside, you may have too many options to choose from. But once you settle on a village (or two or three) to call home you will certainly be happy with your Bulgaria property investment. British are met with open arms in these villages, so you’ll certainly feel comfortable visiting often. Or, if you let your Bulgaria property sit unattended, your new neighbors will likely look after it for you.
No matter what the purpose of your Bulgaria property purchase, your investment in a village property is unbeatable – since you can purchase one from GBP 10,000 to GBP 15,000. You can easily put some work into it and flip it for a profit. Or hang onto it for a few years and your Bulgaria property investment will pay you back many times over.
Move Close to the Sea
Investing in first-line coastal apartments on the Black Sea may make sense for your Bulgaria property investment, but it will put you out quite a bit of money. A better option may be buying a Bulgaria property that is simply close to the sea. There are dozens of villages near the sea, which give you the best of both worlds: You get the old world, small town charm of the village and you are in driving distance to the sea. What more could you want from your Bulgaria property?
Look to the Mountains
The Bulgarian mountains are a good bet for capital growth if you are looking for a Bulgaria property. The mountains near ski resorts are a prime investment if you are looking for rental income or if you want a place for to get away on holidays. Prices on the ski-slopes are lower than Switzerland or the French Alps, and whether you fly into Varna or Sofia the drive to the mountains is only a few hours. Again, a village near a ski resort may be the way to go for a Bulgaria property investment. You’ll get the bottom-of-the barrel pricing, but in a prime location.
How To Find Your Bulgaria Property
There are a few ways to go about finding property. One option is to take a trip to Bulgaria and start scouting. But beware, there are plenty of scoundrels looking to take advantage of naive investors. It’s best to hook up with an agency that has some Western business ethics. One such growing company, with a reputation for being honest and forthright, is Bulgaria-Houses (www.bulgaria-houses.com). Before heading south to find your perfect Bulgaria property, you might want to contact an agency like this one and have a talk about your investment options. You’ll likely have a better trip once you arrive.