Tips for Bulgaria Buying Property

Bulgaria has had its fair share of both good and bad press over the past couple of years, but it is still an area which has proven very popular with Irish property investors. The obvious lure here is price, but the Irish have, in recent times, been acknowledged across Europe as property investors with an eye for an asset that will show good appreciation. Bulgaria is a politically stable country, and the introduction of a currency board in 1997 stabilized the country’s economy. However, as is the case elsewhere in Central and Eastern Europe, legislation, including that governing real estate, is volatile and subject to frequent change. A foreign investor can invest in properties in Bulgaria either directly or through …

Processes in Buying Properties in Bulgaria

Before diving deep into real estate fiasco discussion let us first highlight some important basic information’s regarding Bulgaria. As you would know Bulgaria is located in southeastern Europe. Bulgaria is situated in the east-central portion of the Balkan Peninsula, bordering the Black Sea. Covering an area of 42,823 square miles and is almost rectangular in shape. Its position makes it a natural crossroad between Europe and Asia. Bulgaria has been noted as the third most popular world destination for property investment and holiday homes behind Spain and France. So what does buying properties in Bulgaria give you? Aside from the scenic views and welcoming neighborhoods and sunny climate and broad sand beaches, Bulgaria also boasts a low cost of lifestyle …

Bulgarian accession to the EU. The green light for the serious investor?

Bulgaria has recently met all the causes and articles for accession to the EU. Full entry is scheduled for early 2007. The country will immediately benefit from worldwide acceptance and a massive investment from the European Community. Bulgaria is at present a relatively poor country. The average monthly wage is just €280. Membership of the European Community will ensure that the transportation network, domestic and commercial utilities sector, labour rates as well as the fiscal and banking systems will all be brought into line to mirror their more prosperous European neighbours. With the increasing prosperity, along will come the private and corporate investors eager to cash in on the country’s new found wealth. Over the past three to four years, …

BULGARIA – The Hype, False Urgency and Exaggerated Returns

Did you see the episode of the BBC2 program ‘How to pay off your mortgage in 2 years’. In this episode the man of the family travelled to Bansko, Bulgaria looking for an investment property. I am not sure of how much he had to spend but he was taken to view a number of properties by an agent from an ‘un-named’ agency and charged a whopping 1000 Euros for the privilege of doing so. Now this in itself should have started alarm bells ringing. Many agencies in Bulgaria, both Bulgarian and British owned charge a viewing fee. Some charge a set fee for a day’s viewing while some charge per mile you need to drive to view properties. Now …

Bulgaria – The Best Property Investment In The EU.

Investing in real estate is regarded as probably the safest and most consistent way to increase your capital. Worldwide property investment is no longer the preserve of the super rich or readily connected but with the event of the internet and a simplified banking system, is open to all of us. Massive fortunes are built and grown through property investment and the sheer size of the global market offers the chance to build a property portfolio with even if you have the smallest budget. Emerging markets and the ready availability of cheap investments, can be you’re your pension plan and a source of regular income. The key is identifying the fastest appreciating areas with affordable property that will offer consistent …

5 Tips for Overseas Vacation Home Buying Success

The dream of owning a vacation home in some sun-drenched overseas location is one the majority of us share, and because real estate proves itself time and again as a solid long term investment commodity, many more people are committing to purchasing real estate abroad as an investment that they and their family can also enjoy and benefit from. When buying a vacation home abroad there are a number of key considerations to bear in mind to avoid some of the traps and pitfalls sometimes associated with buying long distance and in an unfamiliar country. With these 5 tips for overseas vacation home buying success you can quickly cut a swathe through the research process and move towards securing the …