It is obviously too early to say that Bulgaria has already had its very short day as far as residential property investment is concerned, but it is still considered a risky business investing there at the moment. VIP Bulgarian Properties 1st October 2019 Bulgarian Property Buyers Guide, Buying Property in Bulgaria If you are considering investing in overseas property or simply searching for a holiday home abroad then buying property in Bulgaria is certainly worthy of further consideration. But the property will belong to them and them alone. However, it may be that the worst of the economic crisis has passed and property prices have now begun to stabilise, and in the most desirable locations there are green-shoots of growth beginning to emerge… so this may be a good time to look again especially if you are considering buying property in Bulgaria. New member. The relatively low cost of purchasing property in Bulgaria has always been the same in this former Communist nation built primarily on agriculture and farming activities. But since the breakup of the Soviet Union, Bulgaria has come into its own. The State of the Overseas Property Market in Bulgaria in 2019. But that was then and the picture now is very different… the boom years have quickly come and quickly gone… for many investors looking to buy holiday homes or property in Bulgaria it is currently very much a case of wait and see. 21 June 2019 20:07:42. Overseas Property Investment Solutions Newly built 3 bedroom house 55 km away from Burgas, for only 15 990 Euro! Bulgarian law allows non-EU citizens to buy property in Bulgaria with some limitations. There are usually two property taxes to be paid: property tax and garbage collection, which are paid at the local municipality. Recent changes have made it easier for foreigners to buy but using a good independent lawyer is essential. If you are considering investing in overseas property or simply searching for a holiday home abroad then buying property in Bulgaria is certainly worthy of further consideration. Like. We have been working for you for over 17 years now. Save. Yes, but with some restrictions depending where you come from. Any capital gains realised by non-resident individuals from the sale of Bulgarian property are currently taxed at 10 per cent… although you should check these figures with the local Bulgarian tax authorities. How to Buy Property in Bulgaria. Member since 16 March 2019 Marharyta. Nobody knew much about it then. 21 June 2019 20:07:42 #1. Non-residents are usually able to secure a mortgage of up to 75 per cent Loan to Value (LTV) through a UK-based broker against a property in Bulgaria, although you should check the current situation with your appointed broker or advisor as these figures can shift rapidly. Wags. Last year, the nation made close to $10 billion in revenue from tourism, thanks to the unprecedented interest in Bulgaria. All non-EU natural or legal persons can buy apartments in Bulgaria on their own names, provided that the apartments don’t come with ideal parts of the land on which the apartments were built. If you are seriously considering buying property in Bulgaria then it is essential that you get good local help and assistance from knowledgeable locals… as you have to be particularly careful in your property dealings to avoid getting stung. It’s Essential that you get Local Help & Expertise But the property will belong to them and them alone. View our range of houses, villas and apartments for sale in Bulgaria. If you are an investor searching for overseas property investment opportunities or a second home in Bulgaria please contact us today to discuss how VIP Bulgarian Properties can help you. Bulgaria’s boom was brokered on new build property – mostly apartments – that were 25 to 50 per cent cheaper than those to be found pretty much anywhere else in Europe. It is not so easy to find quality properties there with modern amenities and access to 24x7 water and electricity, and things that get ignored such as garbage collection. :+359 893 33 34 03 (WhatsApp or Viber). The Euro Resale's Network was designed by some of Europes leading sales agents. For independent advice you would be wise to engage the services of a UK based solicitor who has experience of Bulgarian property transactions to look after your interests at every stage of the acquisition process. All Bulgaria’s major cities saw strong to moderate house price rises during the year to Q1 2020. Investment Property Partners overseas property buyers guide covers a number of important issues that you will need to consider if you are considering buying property in Bulgaria either as an investment or as a holiday home abroad. Last visit was: Sun Dec 20, 2020 2:35 am. Having said that, any investors willing to buy property in Bulgaria now and take that gamble while prices are low could find it paying off hugely at some future date when there is a sustained upturn in the global and Bulgarian economies. Bulgaria - more bang for your buck in 2019? Network of Agents throughout Bulgaria, Russia, Europe, and the World Bringing us Buyers Every Day. Sunny Beach ranks 6th among the most affordable destinations for buying properties in Bulgaria from Americans According of a National Association of Realtors, Sunny beach is ranked 6th in the world for the ten most affordable beach resorts to buy property from American citizens. Property developers and speculative builders, like potential investors, are still holding back until things settle down and the green shoots of growth become visible again. We do not have a slogan to impress you with, we will try to impress you with our work and efforts! Stay up to date with news and promotions by signing up for our weekly newsletter. If you are looking at buying property in Bulgaria then there are good opportunities are to be had if you are looking buying one or two bedroom apartments on the Black Sea coast or in the ski resorts of Banso and Borovets, which are about an hour from the capital of Sofia… and it is only a little more expensive in the historic Bulgarian cities of Plovdiv or Varna. Find overseas properties to buy in Bulgaria with the UK's largest data-driven property portal. Updated 25.06.2019. You could buy a lovely beachside cottage for just 50,000 EUR! Advice when buying property in Bulgaria. ... within the EU as well as the common working and retiring conditions have also been a significant factor for choosing Bulgaria for buying … Buying property in bulgaria Marharyta. The company has accumulated rich experience and gained an impeccable reputation. Properties in Bulgarian capital Sofia have attracted lots of attention which pushed the building of many new apartment developments in the city. In Bulgaria property taxes are the same no matter of the nationality of the property owner so this fear is irrelevant for owners of Bulgarian properties. Bulgarian Properties on and close to Black Sea coast, houses in ski resorts, houses in and around Sofia, in mountains, rural properties in Bulgarian countryside, smallholding, etc.. 02.2015 - Bulgarian Properties iPhone app now available to download from the App Store Guide to Buying Property in Bulgaria 2019, Value of Energy Efficient Homes Continues to Rise, Working Overseas Remotely Is Now Appealing To Investors, How to Get Cash for Your Overseas Property from Worldwide Investors, How to Sell UK Property in London to Overseas Buyers and Investors, How to Sell Property in the UAE Fast In 2020. A variety of taxes and fees are payable when you buy a property in Bulgaria, most of which vary according to the price but which may also depend on whether the property has land attached, whether you’re buying through an agent (as opposed to buying direct from the vendor), whether you’ve employed a lawyer and surveyor and whether you employ a translator. Of course, the owners will have to pay their water, electricity and heat bills monthly. It is natural for the villages near the big resorts to attract the interest of the buyers with... Bulgaria returns to the top 10 of the overseas property buying sites in 2019 in the UK... 2-storey furnished house 100 m2, just 32 km away from Varna and the sea. In the last few years the number of new-build properties being constructed has tailed off considerably – because there has been very little or no demand. Find Property for sale in Bulgaria. However, if you have the cash – and the nerve – to invest in Bulgarian property now, that day in the sun could come some time later. The Bulgarian Property Boom Sure, there are certain complications related to buying overseas property in Bulgaria in 2019, but there are ways to go around that. Talk to an overseas property specialist for the details on this. In the UK, buying and selling property happens pretty sharpish. Bulgarian properties for sale. 6 posts Marharyta. On the other side of the coin however, the new-build market is somewhat saturated, there has been so much cheaply-priced property built that it is not currently easy to sell it on and make a profit… the same applies if you decide to rent out your investment property on a buy-to-let basis. VIP Bulgarian Properties is a leading real estate agency in Bulgaria. Since our establishment in 2007 we have been working hard in two main directions – offering a large selection of properties and provide all accompanying purchase services. Bulgaria is back in our Top 10 Places to Buy Abroad index 2019, which pleases Polina Stoykova, managing director of Bulgarian Properties, who believes the country’s property industry has learnt from the financial crash. Historically, if you are buying property in Bulgaria you will find that property title is relatively sound. Basically all foreigners can buy property provided it doesn’t come with land. Buying off-plan property inevitably involves higher risk than buying re-sale property. That is why Bulgaria has emerged as one of the top tourist destinations in Eastern/Central Europe. Property for sale in Bulgaria. From years of experience to find the best way of getting your property found and most importantly sold. Local house price variations. Create alert List Grid. OK Bulgaria - UK based and operated Estate Agency. Is Buying Property in Bulgaria Only for the Brave? All non-EU natural or legal persons can buy apartments in Bulgaria on their own names, provided that the apartments don’t come with ideal parts of the land on which the apartments were built. Sofia is Europe’s 15 th largest city with 1.25 million people and 607,000 homes, but just 3% of these were sold in 2012. What that also means is that there is a real interest in Bulgaria these days as an overseas property destination. The Process of Buying Property in Bulgaria How does one go about buying overseas property in Bulgaria? Just when Bulgaria seemed to be catching on as a property market of considerable note the global financial downturn of recent times reached out to prick its burgeoning property balloon to such an extent that some investment specialists say that the term boom and bust has never been more appropriate… it seems only a few years ago that the boom began, which makes the bust even more dramatic. Historically, the Bulgarian economy has not been particularly strong, there are significant levels of unemployment and rental levels reflect these facts. If you are considering buying off-plan in Bulgaria there are a number of points to consider. If you dig around, you can find plenty of property purchase guides for Bulgaria. We look after your interests in Bulgaria and we do everything to make you happy. Is it a good idea to buy overseas property in Bulgaria in 2019? Financing your Bulgarian Property – Mortgages & Property Finance Once the full payment is made, the Notary Deed is drawn up in the presence of both buyer and seller. Be aware that it is not easy to earn a suitable rental return if you decide to buy property in Bulgaria with buy-to-let as your primary objective. It is bordered by the Black Sea to the east which offers some great coastal resorts, Greece and Turkey to the south, Serbia and Macedonia to the west, and Romania to the north. How to buy property in Bulgaria: Bulgarian law allows non-EU citizens to buy property in Bulgaria with some limitations. Also, when buying a house or cottage with a garden or plot of land, they will need to register with a Bulgarian company who will buy the property on their behalf. Land prices are very low in many parts of rural Bulgaria and building materials and labour are also remarkably inexpensive. The real estate market in Bulgaria in the current 2019 has been really dynamic. Sofia, Bulgaria’s capital, saw an overall house price increase of 6.2% y-o-y in Q1 2020.Prices for new dwellings rose by 5.1% while existing dwellings saw a price increase of 7%. Renovated and furnished house, 30 km away from the town of Yambol . Absolutely – foreigners are allowed to invest in Bulgarian properties, but with a few restrictions. Property Purchase Costs, Fees & VAT The Bulgarian overseas property market is also attractive because of the relatively low home prices here, and a potential for a double digit growth year after year. Sign up for email alerts Be the first to know about new properties matching your search criteria. 3 Bedroom Bungalow for sale in Zagortsi, Sredets, Burgas, 2-storey brick house for sale, 35 km away from Varna and the sea. Tel. There is something about Bulgaria, an air of mystery and wonder, an enigma, an unsolved puzzle. 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