Real Estate Blog Bulgaria October Archive

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Bulgarian Properties for sale and rent - buy houses in Bulgaria, apartments and flats, land, offices, rural property, hotels

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John Bedford

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Targovishte

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Offering a one-stop service for buying your apartment, house, land, office, hotel or business in Bulgaria. We provide a live, easily searchable database of the thousands of properties for sale and rent in all areas of the country. Browse our website or today for details on...

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Property Market in Bulgaria Enters New Phase, Specialists Reccomend Long Term Investment

A growing number of foreign investors are entering the Bulgarian property market.

In addition to investors from the UK and Ireland, many Russians, Scandinavians, Austrians and Americans are also showing interest in the Bulgarian market, investor.bg reported.

Market growth is expected to slow in response to increasing demand and competition in the sector over the past few years.

The high annual growth rates of 20 per cent seen in recent years are finished.

This is a common process for all markets, UK broker agency Off Plan International sales director Simon Walker said.

Walker said that property seekers should focus on long-term plans for a five- to ten-year period to increase their investment returns.

It is also important for investors to make thorough market research before they invest in property in Bulgaria.

Holiday property is highly profitable only three or four months per year, a fact that investors should keep mind when investing in the Bulgarian property market, Walker said.

Investing in property in towns and cities, especially Sofia, is less risky, he said.

Resorts like Sunny Beach and Bansko are already nearing the point of over-development, and property prices will soon decrease.

Are there any limitations for obtaining a property by foreign investors in Bulgaria?

According to the Bulgarian legislation foreign real persons cannot buy land in Bulgaria. They can own an apartment or a house, but not the land they are built on. This is often inconvenient, but fortunately there is a way to avoid the problem by registering a Bulgarian company.

The companies registered in Bulgaria are legal entities. After becoming an owner and a manager of a Bulgarian company, you have the right to manage the assets of the firm, which includes real estates too. Then you will be able to buy any property – land for cultivation, houses with plots, building plots within regulation, as well as apartments and all kinds of buildings, for more information look here.