Buying Property
in Bulgaria?
Great info about buying Bulgarian property!
Buying property in
Bulgaria is currently hugely popular. This is because properties are
relatively inexpensive and transport links to/from the UK are
getting better and cheaper. Bulgaria offers superb beach holiday
facilities with a great summer climate, good quality winter ski
resorts and great culture, architecture and history.
Actually, it
has a Mediterranean feel even though its on the eastern part of the
Balkan peninsula. Buying property in Bulgaria is a good move at the
moment as it becomes a full member of the EU in 2007, which is
likely to push Bulgaria property prices much higher and also, the EU is
investing millions of pounds for infrastructure improvements. Bulgaria is about the size of England but its
population is considerably less, around 8 million. Larger scale
development has only recently taken place and rural tranquillity can
still be found. It has the mass-market appeal which other countries had
previously, being about 3 hours flying time away, hot summers, a
great coastline, low cost of living and low property prices.
Buying Property in
Bulgaria - Any Drawbacks?
Most
purchases are made of the coast of the Black Sea, but this coastline
is not that long compared with the size of the country. Therefore,
this is likely to result in over-crowding and over-inflated prices
along this strip.
The Bulgarian language is Slavonic and difficult
for English speakers to quickly pick up. Also, flights to Bulgaria
are not that cheap but the arrival of low-cost airlines in the
future would change this.
In the past, Bulgarian economic problems have
held back the country and although foreign buyers are generally
welcomed, some resent this activity as some house prices are already
out of reach for average earners and foreign investors can only make
their situation worse.
Some properties are the product of the communist
era and are not aesthetically pleasing or of good quality, so be
sure a of good survey if looking to buy one of these, or bear this
in mind if your are looking to buy a property near such a building.
Finding Property in
Bulgaria
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