Member since 16 March 2019 Marharyta. As a leading independent property and land investment specialists Investment Property Partners offer expert advice and support to clients across our specialist areas of expertise helping them to achieve their investment objectives. Tips for buying property in Bulgaria. However, it may be that the worst of the economic crisis has passed and property prices have now begun to stabilise, and in the most desirable locations there are green-shoots of growth beginning to emerge… so this may be a good time to look again especially if you are considering buying property in Bulgaria. Find overseas properties to buy in Bulgaria with the UK's largest data-driven property portal. It is currently Sun Dec 20, 2020 2:35 am Absolutely – foreigners are allowed to invest in Bulgarian properties, but with a few restrictions. The country offers every type of location too, from beach and mountain resorts, to rustic villages and vibrant cities, … The owner then de-lists the property from the market. Foreigners cannot buy land, for instance. Properties in Bulgarian capital Sofia have attracted lots of attention which pushed the building of many new apartment developments in the city. But since the breakup of the Soviet Union, Bulgaria has come into its own. Wags. © Copyright 2006-2020 VIP Bulgarian Properties All Rights Reserved, | Apartments | Houses | Agricultural Land | Development Land | Offices | Farms |. Is Buying Property in Bulgaria Only for the Brave? Property for sale in Bulgaria. Sure, there are certain complications related to buying overseas property in Bulgaria in 2019, but there are ways to go around that. Investment Property Partners overseas property buyers guide covers a number of important issues that you will need to consider if you are considering buying property in Bulgaria either as an investment or as a holiday home abroad. It is today a free market democracy with a stable government, prosperous economy and where the Rule of Law prevails. Is it a good idea to buy overseas property in Bulgaria in 2019? Procedure for buying a property in Bulgaria. Advice when buying property in Bulgaria. Sofia, Bulgaria’s capital, saw an overall house price increase of 6.2% y-o-y in Q1 2020.Prices for new dwellings rose by 5.1% while existing dwellings saw a price increase of 7%. Bulgarian law allows foreigners to buy property in the country. 6 posts Marharyta. In exchange for a property investment of $595,000 (£448k), non-EU citizens are offered a residency permit and the opportunity to live and work in the EU. Renovated and furnished house, 30 km away from the town of Yambol . Almost anywhere else in Europe would cost you significantly more, upwards of 25 to 50 per cent more for a similar property. You could buy a lovely beachside cottage for just 50,000 EUR! ... within the EU as well as the common working and retiring conditions have also been a significant factor for choosing Bulgaria for buying … That is just … If you are considering investing in overseas property or simply searching for a holiday home abroad then buying property in Bulgaria is certainly worthy of further consideration. Create alert List Grid. If you are considering buying off-plan in Bulgaria there are a number of points to consider. Guide to Buying Property in Bulgaria 2019, Value of Energy Efficient Homes Continues to Rise, Working Overseas Remotely Is Now Appealing To Investors, How to Get Cash for Your Overseas Property from Worldwide Investors, How to Sell UK Property in London to Overseas Buyers and Investors, How to Sell Property in the UAE Fast In 2020. This means that those property developers and builders brave enough to invest in Bulgarian development land have been able to make significant profits without charging buyers the earth. Since 1 st January 2012 EU and EEA citizens are allowed to buy land in Bulgaria, following the expiry of the 5 year prohibition included in the Treaty of Accession of Bulgaria to the EU. We do not have a slogan to impress you with, we will try to impress you with our work and efforts! What that also means is that there is a real interest in Bulgaria these days as an overseas property destination. Savvy investors from China, Russia, Ireland and the UK look at that very closely. Buying the real estate in Bulgaria won’t automatically make you obtain a residence permit (Non-EU citizens) although if you are a physical person investing more than 600.000 levs (around 300.000 EUR) in property, you can apply for residency by investment On the other side of the coin however, the new-build market is somewhat saturated, there has been so much cheaply-priced property built that it is not currently easy to sell it on and make a profit… the same applies if you decide to rent out your investment property on a buy-to-let basis. Russians, Scandinavians, Irish, and the British – everyone wants to buy a second home here. At present, there is an alternative option when buying landed property - to form a Bulgarian registered company, with the buyer as sole owner and director (the buyer could choose to add other directors, e.g., his spouse). Last visit was: Sun Dec 20, 2020 2:35 am. There are usually two property taxes to be paid: property tax and garbage collection, which are paid at the local municipality. If you are a buyer from an EU state or the European Economic Area (EEA) you can also buy house with a garden or a plot of land in your own name. The real estate market in Bulgaria in the current 2019 has been really dynamic. Financing your Bulgarian Property – Mortgages & Property Finance Yes, but with some restrictions depending where you come from. Bulgarian properties for sale. Updated 25.06.2019. Foreigner cannot acquire the ownership of land when buying an apartment or studio flat or an off-plan development it seldom comes with land so this will not affect you. Buying power is relative, a coffee in Bulgaria costs 30 cent, it would be €3 here,” says Cullen. What an offer – Plot of building land for sale, with a total size of 1950 sq.m for 3900 EUR ! The Process of Buying Overseas Property in Bulgaria. Tips for buying Property in Bulgaria. VIP Bulgarian Properties is a leading real estate agency in Bulgaria. The Bulgarian overseas property market is also attractive because of the relatively low home prices here, and a potential for a double digit growth year after year. Overseas Property Investment Solutions All Bulgaria’s major cities saw strong to moderate house price rises during the year to Q1 2020. Few European holiday destinations can match Bulgaria for affordable property and low living costs. Also, when buying a house or cottage with a garden or plot of land, they will need to register with a Bulgarian company who will buy the property on their behalf. What about Property Values in Bulgaria? If however, you are seriously considering buying property in Bulgaria and do choose to go ahead with an acquisition there, you should budget around 22 to 25 per cent for the costs fees etc., and note that some builders and developers include VAT in the property sale price. However, if you have the cash – and the nerve – to invest in Bulgarian property now, that day in the sun could come some time later. It’s Essential that you get Local Help & Expertise Having said that, any investors willing to buy property in Bulgaria now and take that gamble while prices are low could find it paying off hugely at some future date when there is a sustained upturn in the global and Bulgarian economies. That is why Bulgaria has emerged as one of the top tourist destinations in Eastern/Central Europe. A variety of taxes and fees are payable when you buy a property in Bulgaria, most of which vary according to the price but which may also depend on whether the property has land attached, whether you’re buying through an agent (as opposed to buying direct from the vendor), whether you’ve employed a lawyer and surveyor and whether you employ a translator. For independent advice you would be wise to engage the services of a UK based solicitor who has experience of Bulgarian property transactions to look after your interests at every stage of the acquisition process. Buying off-plan property inevitably involves higher risk than buying re-sale property. 3 Bedroom Bungalow for sale in Zagortsi, Sredets, Burgas, 2-storey brick house for sale, 35 km away from Varna and the sea. Bulgaria is situated in the south eastern part of Europe and is a member of the European Union. It is bordered by the Black Sea to the east which offers some great coastal resorts, Greece and Turkey to the south, Serbia and Macedonia to the west, and Romania to the north. Bulgaria is back in our Top 10 Places to Buy Abroad index 2019, which pleases Polina Stoykova, managing director of Bulgarian Properties, who believes the country’s property industry has learnt from the financial crash. How to Buy Property in Bulgaria. Sunny Beach ranks 6th among the most affordable destinations for buying properties in Bulgaria from Americans According of a National Association of Realtors, Sunny beach is ranked 6th in the world for the ten most affordable beach resorts to buy property from American citizens. Nobody knew much about it then. But that was then and the picture now is very different… the boom years have quickly come and quickly gone… for many investors looking to buy holiday homes or property in Bulgaria it is currently very much a case of wait and see. In the last few years the number of new-build properties being constructed has tailed off considerably – because there has been very little or no demand. Citizens of EU states may own property and land in Bulgaria at the same terms and conditions as Bulgarians. We have been working for you for over 17 years now. All non-EU natural or legal persons can buy apartments in Bulgaria on their own names, provided that the apartments don’t come with ideal parts of the land on which the apartments were built. Bulgarian law allows non-EU citizens to buy property in Bulgaria with some limitations. Also, Bulgaria is naturally beautiful, with many beachside resorts along the Black Sea Coast, mountains and ski resorts, archaeological excavations that date back to more than 5,000 years and busy and bustling cities full of young and ambitious people and a vibrant nightlife. But the property will belong to them and them alone. What about Capital Gains Tax on Property Sales? Also, when buying a house or cottage with a garden or plot of land, they will need to register with a Bulgarian company who will buy the property on their behalf. The Bulgarian Property Boom Newly built 3 bedroom house 55 km away from Burgas, for only 15 990 Euro! VIP Bulgarian Properties 1st October 2019 Bulgarian Property Buyers Guide, Buying Property in Bulgaria If you are considering investing in overseas property or simply searching for a holiday home abroad then buying property in Bulgaria is certainly worthy of further consideration. There is something about Bulgaria, an air of mystery and wonder, an enigma, an unsolved puzzle. Non-residents are usually able to secure a mortgage of up to 75 per cent Loan to Value (LTV) through a UK-based broker against a property in Bulgaria, although you should check the current situation with your appointed broker or advisor as these figures can shift rapidly. New member. Things to Keep in Mind When Selling Overseas Property in Bulgaria in 2019 . Sofia is Europe’s 15 th largest city with 1.25 million people and 607,000 homes, but just 3% of these were sold in 2012. Local house price variations. Search for real estate and find the latest listings of Bulgaria Property for sale. Selling in Bulgaria for over 10 Years. Property developers and speculative builders, like potential investors, are still holding back until things settle down and the green shoots of growth become visible again. Land prices are very low in many parts of rural Bulgaria and building materials and labour are also remarkably inexpensive. They can buy apartments. Historically, the Bulgarian economy has not been particularly strong, there are significant levels of unemployment and rental levels reflect these facts. If you dig around, you can find plenty of property purchase guides for Bulgaria. The advantage is that properties in Bulgaria cost a fraction of comparable properties in France and Italy, and other popular overseas property hotspots in Europe. This country was behind the Iron Curtain of Communism for almost 50 years. Network of Agents throughout Bulgaria, Russia, Europe, and the World Bringing us Buyers Every Day. Property in Bulgaria is pretty illiquid. You will be asked to sign a contract where in you will need to pay a deposit of about 2000 EUR. Well, it is because we are not property agents and we don’t actually want to sell you property. The Euro Resale's Network was designed by some of Europes leading sales agents. Tel. This will have the details related to the property, read them carefully. How does one go about buying overseas property in Bulgaria? Of course, the owners will have to pay their water, electricity and heat bills monthly. Large and nice rural house 22 miles to the sea, For sale, a ready to move in house in the village of Ravnets, Buying Property in Bulgaria – Bulgarian Property Buyers Guide, The Price of Agricultural Land in Bulgaria has Risen by 5%, The Villages Around the Resorts in Bulgaria Attract with Cheap Properties, British Are Once Again Interested In Buying Bulgarian Properties, Cheap studio apartment with SEA VIEWS for sale in SUNSET KOSHARITSA, 1-bedroom furnished apartment with sea view in a complex on the first sea line. The State of the Overseas Property Market in Bulgaria in 2019. How to buy property in Bulgaria: Bulgarian law allows non-EU citizens to buy property in Bulgaria with some limitations. From years of experience to find the best way of getting your property found and most importantly sold. Copyright © 2019, Euro Resales LTD, All Rights Reserved. Residential property prices in Bulgaria officially increased by around 100 per cent between 2003 and 2008… and in some parts of Bulgaria they more than quadrupled! Are Foreigners Allowed to Buy Property in Bulgaria? Renovated and furnished house, 39 km away from the town of Bourgas ! Once you find a property, start negotiations with the owner. If you go for an older property you will find they are even cheaper. We aim to cover all angles to give you the best chance of a sale. The agency was founded in 2002 by Bulgarian property experts Nic Stoyanov and Orlin Orestov. Not so in Bulgaria. Recent changes have made it easier for foreigners to buy but using a good independent lawyer is essential. Repayment and interest-only mortgages are generally available, with the minimum term of 25 years. The Process of Buying Property in Bulgaria Sign up for email alerts Be the first to know about new properties matching your search criteria. In Bulgaria property taxes are the same no matter of the nationality of the property owner so this fear is irrelevant for owners of Bulgarian properties. 6 posts Did anyone buy a property with " Bulgarian properties" company, if they are reliable ? Huge Database of Buyers waiting to see your Property. Bulgarian Properties on and close to Black Sea coast, houses in ski resorts, houses in and around Sofia, in mountains, rural properties in Bulgarian countryside, smallholding, etc.. 02.2015 - Bulgarian Properties iPhone app now available to download from the App Store 21 June 2019 20:07:42 #1. Sure, there are certain complications related to buying overseas property in Bulgaria in 2019, but there are ways to go around that. Buying Property in Bulgaria - Useful General Information on Bulgarian Property Purchase ... UK Embassy in Bulgaria, 31/01/2019 Ambassador Emma Hopkins has a message for UK nationals in Bulgaria. Sell Your Property in Bulgaria. Talk to an overseas property specialist for the details on this. This update to the 2016 Our House video shows progress with Colin and Brian's houses, the story of Davey's bungalow and a new look at Svishtov and Oresh. :+359 893 33 34 03 (WhatsApp or Viber). View our range of houses, villas and apartments for sale in Bulgaria. 26,000+ Houses for sale in Bulgaria - 12.2020. Since our establishment in 2007 we have been working hard in two main directions – offering a large selection of properties and provide all accompanying purchase services. “The market then was very young, but now we can forecast trends better. We look after your interests in Bulgaria and we do everything to make you happy. Since its creation it has focused on property sales and rentals throughout Bulgaria, including the capital Sofia, all major cities (Varna, Burgas, Plovdiv, Stara Zagora, Veliko Tarnovo and Vidin), the main resorts (ski/mountain, beach, golf and Spa), as well as rural areas. 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