Property For Sale in Bulgaria: The Investment of a Lifetime

By Harry Burns, Investment Journalist

According to The Times (United Kingdom), property for sale in Bulgaria is among the least expensive in Europe, but it is catching up with the rest of Europe’s prices. In 2004 property for sale in Bulgaria rose by about 35 percent, and in the lead-up to Bulgarian joining the EU annual rises of 25 percent are predicted.

Property for sale in Bulgaria is available for less than GBP 20,000, especially when you are looking for rural houses that need renovation. The cost of living is low, the climate is excellent, there is a wealth of quaint villages, and you can’t find more beautiful beaches.

If you are seeking a property for sale in Bulgaria you need to be aware of the markets you are getting into. Each country, Bulgaria included, has its own laws about buying and selling of properties.

Foreigners looking for property for sale in Bulgaria should know that you can buy buildings but not land. If you want to purchase the property for sale in Bulgaria you must register a company, which will hold the land. This costs from GBP 300 to 500. This and other laws are constantly changing – and even more laws are slated to change as Bulgaria becomes part of the EU – so make sure you talk to someone knowledgeable before you invest in a property for sale in Bulgaria.

Look for property for sale in Bulgaria in a variety of locales: ski properties, the Black Sea Riviera, and in the villages that dot the countryside. Wherever you choose property for sale in Bulgaria you are sure to be happy with your return on investment.

Look around for real estate company who you are comfortable with, but make sure they are knowledgeable about property for sale in Bulgaria. Bulgaria Houses (www.bulgaria-houses.com) is one company that has a good reputation for knowing the market.