Property in Bulgaria
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Surge in Brits selling overseas property assets, is it time to buck the trend?
Published on 07 August 2008
As more Brits start to feel the effects of economic woes at home they’re starting to ditch some of those little luxuries that no longer seem quite so affordable or desirable, topping the list of such luxuries is the second home abroad. The overseas holiday home or ‘property investment’ is often viewed as an easily expendable asset that will provide some much needed capital through a tricky period without having a dramatically negative affect on quality of life. But what happens when too many people all have the same idea at the same time? Is it time for the smart property investor to do the opposite?
Simon Walker manager of Knight Franks International Off Plan division reports that primary overseas investment and property in the sun hotspots such as Bulgaria are seeing a marked trend change from a British investment market to a British selling market as Brits hope to cash in on their overseas assets. He says “It’s not like a wholesale thing, but there is a definite sea-change. Because there is trouble at home, people are going: ‘What can we get rid of?’
What’s Happening in Bulgaria’s Property Market?
Published on 06 June 2008
Following the boom, boom, boom years in Bulgaria’s property market when the country was being heralded as the next big thing in terms of ski and sunshine resort property investment for jet-to-let returns, all has been quiet of late on the Bulgarian real estate landscape and so it is time to ask the question – ‘what’s happening in Bulgaria’s property market?’
The fact of the matter is, the numbers of construction permits applied for and approved are down, property prices are down, levels of interest are down – and yet agents and constructors are still talking up the market! Is there any point in investing in property in Bulgaria at the moment? Let’s take a closer look.
Where to Buy a Family Home in Bulgaria
Published on 14 May 2008
In all the talk about Bulgarian property that has been ongoing for a good few years, the focus has generally always been on investment property and where to buy real estate in the nation to let to the tourism market or to buy off plan and flip for capital appreciation. Little consideration has been given to where to buy a family home in Bulgaria.
Because the country is now so easily and affordably accessible and is a member of the European Union, it is a location on the radar of the increasing number of Britons considering expatriating to live abroad to find a better life. Therefore we thought it was high time that some proper consideration was given to attractive locations for living in in Bulgaria.
Commercial Property Market Success in Bulgaria
Published on 27 March 2008
Just when all things European property related seemed to be nosediving or at least stagnating, (well, if you believe the media hype they are anyway), there’s some seriously positive information coming from the commercial property market in Bulgaria.
New project starts are continuing to to happen, industrial and logistic sector prices are climbing in Sofia, and even the Russian’s are investing heavily in commercial property projects in Bulgaria. In this article we look at commercial property market success in Bulgaria and how you can possibly get in on the wave of positive real estate appreciation.
Ten Top Tips for Buying Property in Bulgaria
Published on 06 March 2008
Bulgaria has matured to become an attractive nation in which to buy a long term property investment asset, a holiday home or a second home. Furthermore, certain parts of the nation are now attracting Britons and Europeans seeking a better quality of life which has significantly increased interest in the Bulgarian property market.
This increase in sustained interest has had a number of interesting effects on the overall situation of the market including a firming up of prices and an active resale element emerging, and so if you’ve been thinking about moving abroad or buying real estate overseas, here are our ten top tips for buying property in Bulgaria.
Bulgaria Property Buying Guide
Published on 08 February 2008
There is apparently no stopping the Bulgarian property market! Prior to EU entry the risk takers bought in, they were aware that prices would rise once EU entry was secured and how right they were. In 2007 when Bulgaria and Romania joined the EU folds prices did indeed rise and they are continuing to expand in line with demand particularly in the ever popular ski resorts such as Bansko.
If you’re been drawn to the natural appeal, accessibility, affordability and attraction of Bulgaria and you want to buy property there, then this Bulgaria property buying guide will give you the pertinent facts that you will need in order to make your buying experience a smooth and stress-free one.
Buying Resale Property in Bulgaria
Published on 02 January 2008
Buying property in Bulgaria offered a lot of potential in 2007. With full European Union accession achieved in 2007 and the spotlight most certainly on Bulgarian property investment, this country’s market transformed from one that was often characterized as “emerging,” to one investors and real estate professionals now describe as “stable” and “mature.”
The attractions for buying property in Bulgaria are many and they likely will remain so heading in to 2008. This European country has a lot to offer potential investors, retirees, expats and holidaymakers alike. With its diverse geography, incredible resort areas and stately old cities, Bulgaria remains a country of interest and in this article we’ll look at buying resale property in Bulgaria in particular.
Cash Not Welcome When Buying Property in Bulgaria
Published on 07 December 2007
If buying property in Bulgaria to enjoy the mountains, beaches and beautiful, historic cities is on your mind and you want to pay cash, you’d better act fast! To discourage a seedier element from buying property in Bulgaria, the government is poised to change the rules on cash purchases. It’s even prepared to back the measure up with some teeth – in the form of “financial police” that will monitor large purchases within the country.
According to the Sophia Echo, the proposal is just one part of a rather extensive package of changes in regard to financial transactions. The idea is to fight organised crime and also to stop some of the tax evasion that tends to go along with cash purchases. With more than 600,000 real estate deals closed in Bulgaria within the last year, tax evasion remains a big concern. About 85% of transactions included bank transfers but despite this, many did not declare actual prices for tax purposes...this is going to stop and from now on, cash is not welcome when buying property in Bulgaria!
Buying Property in Bulgaria Popular With Young Brits
Published on 29 November 2007
Bulgaria’s quaint ski resorts, Black Sea developments and unique cities are all calling to expatriates in a very big way. With very reasonable prices, a low cost of living and some of the most breathtaking landscapes in the world, buying property in Bulgaria is very hot among Brits. This goes doubly so for young Brits.
If you’re considered buying property in Bulgaria to live in full-time, to use as a holiday home or to let out to holidaymakers, there is a reasonably good chance you’ll find your neighbour is a 20- to 35-year-old Briton. In this article, we’ll explore this unique buying trend in Bulgaria and why this particular European Union country is so appealing to younger British buyers in particular.
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