If you have an ample amount of savings, it is always advisable to invest some of it in buying prime properties here and abroad. Property purchase is a stable investment in today’s marketplace, especially as it appears that real estate prices have hit or near the bottom with excellent financing rates. It is a well documented fact that on average, the value of a property doubles every seven years. So, if you have the funds, why think about Bulgaria? Bulgaria is known for its rich culture, history and exciting tourist attractions by the sea and hillside. It is a perfect location for a retreat or vacation getaway for family and friends.
Create Your Dream Haven – Bulgaria Property Investment
There are many possibilities if you want to invest in real estate in Bulgaria.
Whether you are seeking a rustic country house, a villa close to town or a rest house by the beach, there are a range of properties that will suite all styles and price ranges. With this, you can build a dream haven and make it into an income-generating business as well while you are away. The scenic sights of this country will simply enthral you.
Now is a great time to invest in Bulgaria properties for the country is at present experiencing rapid growth and the unemployment rate is falling. Tourism in Bulgaria is also becoming more popular as people have now realized how beautiful this country is. House prices are increasing as real estate development has picked up. Bulgaria is well-known to be one of the best emerging markets of south Eastern Europe and that trend is expected to continue as natural and economic factors heavily contribute to its significant growth potential.
Price Range and Locations for Property in Bulgaria
There are many premier locations you can choose from as an investment in Bulgaria. Rustic country houses form the cheaper end of the price scale. One primary area of for rural investment is in and around Stara Zagora. Situated close to the Balkan Mountain Range, rustic homes are selling at prices a little over 7,000 euros, but you will have work involved to renovate the home to the living standard required. Developed locations, such as the vavation homes along the Black Sea Coast and part of West Bulgaria, are the most expensive properties in Bulgaria.
Please understand, however, that according to the Bulgarian Constitution, foreign individuals can buy buildings, but not land. Therefore, the most common method for foreigners for purchasing property in Bulgaria where they also wish to own the land is to set up a company which owns the land and the buildings.
