Bulgaria:
A Favorite Investment Property

 

Bulgarian investment property is the top emerging market and a famous location for South Eastern Europe overseas property. The Bulgarian government has successfully made the country’s market stable by building infrastructures and pioneering improvements to increase its tourism.

The Stability of Bulgaria

In 2007, Bulgarian investment property prices increased by 30% and this made the country one of the property price growth leaders on a global scope. Politically and economically speaking, Bulgaria is a stable country. The country is also a member of European Union and NATO. To attest the present developments of the economy, in 2008 the GDP of Bulgaria has once again exceeded by 6%. Bulgaria is indeed tracking the right direction due to positive trends that are taking place in the country like low unemployment rate, increase of pensions, and constant rise of people’s income.

Over a decade now, Bulgaria’s political and economic stability has been the reason for the boom of the prices of investment properties. Such can also be attributed to the rising popularity of the country’s tourism. Bulgarian attractions are alluring, from its high mountains, minimum urbanization, the eye-catching and clean Black Sea coast, to its wealthy history. These are exactly the reasons why overseas investment property struck many foreign buyers to acquire a piece of property in this region.

Why Investors Go For Bulgarian Overseas Investment Property?

The attractiveness of Bulgarian investment properties is seen by foreign investors. It doesn’t simply appeal to them but they see potential opportunities in buying overseas property as well. Some of the factors why investors choose overseas properties are:

1. The still low prices of investment properties
2. The diverse geographical sites that are suitable to demanding and scrutinizing tastes of foreign investors
3. The mild and pleasant climate
4. The low cost of living
5. The opportunity to start a brand new life with great opportunities from an emerging and modernizing country
6. The people of Bulgarian who are very hospitable

 

Interested foreign investors can directly purchase investment properties in Bulgaria or seek the assistance of local companies. There are a number of Bulgarian real estate agencies, with strong knowledge, that can assist foreign investors in acquiring properties.

The property market of Bulgaria is fast-growing. However, foreign investments can’t still own a property right away. They need to be registered first in any Bulgarian based company so that the property can be purchased on the company name. Organizations for foreign investors are called limited liability companies. The Bulgarian law doesn’t participate in any foreign transactions within the organizations so foreign investors can take advantage of such condition.

Bulgarian real estate agencies are popular among foreign investors because they know the laws and the things that need to be done in acquiring overseas investment property. Buying apartments, houses, offices, lands, hotels, business establishments, project managements, mortgages, and loans in Bulgaria are some of the services that local real estate agencies provide. This way, foreign investors will not experience risky deals when acquiring overseas investment properties.