A buyer's guide to Bulgarian real estate

Are you looking for property abroad? Are you wanting to buy, sell or invest in property abroad? If Bulgaria is on your list, then look no further than this article. This article will provide you with a guide on real estate in Bulgaria.

Bulgaria - Facts

What you need to know
Bulgaria is officially the Republic of Bulgaria located in South-east Europe. Bulgaria borders five other countries including Romania to the north, Serbia and the Republic of Macedonia to the west, and Greece and Turkey to the south. The Black Sea defines the extent of the country to the east. Tourism in Bulgaria
In 2008, Bulgaria received a total of 8,900,000 people including Greeks, Romanians and Germans accounting for more than 40% of all visitors. Significant numbers of British, Russian, Dutch, Serbian, Polish and Danish tourists also visit Bulgaria. In 2010, Lonely Planet ranked it among its top ten travel destinations for 2011. Main destinations include the capital Sofia coastal resorts Albena, Sozopol, Nesebar, Golden Sands and sunny beach and winter resorts such as Pamporova, Chepelare, Borovetz and Bansko. The rural tourist destinations of Arbanasi and Bozhentsi offer well-preserved ethnographic traditions. Therefore, you can see that Bulgaria is a popular tourist attraction receiving bigger visitors than before.

Property guide

Bulgarian property
Properties in Bulgaria are cheap enough to buy. However, the process of buying a house in Bulgaria will be slightly different to that of in the United Kingdom. There are many ways of finding real estate in Bulgaria. You can always search for Bulgarian property on the internet. There are many online real estate agencies who provide the latest property listings and the latest apartments to buy and for sale. Rural houses and town houses Alternatively, you can obtain professional advice from a realtor in your area who specialises in Bulgarian real estate. Always seek professional advice from a solicitor if you are considering to buy property in Bulgaria. The solicitor will advise you of the discrepancies in Bulgarian property law. Buying guide
An average villa close to the sea averages around £35,000 with rural properties being offered for even less. However, always view your house before buying. According to the Bulgarian constitution, foreign persons can buy buildings but not land. Therefore, the most common method for foreigners buying property in Bulgaria is to establish a company which, then owns the land and the buildings. The law is expected to change within the short to medium term as Bulgaria opens its doors fully in line with its expected entry into the European Union (2007). The most popular form of engaging in business in Bulgaria is via a Limited Liability Company (OOD).