If you are seriously considering buying property in Bulgaria then it is essential that you get good local help and assistance from knowledgeable locals… as you have to be particularly careful in your property dealings to avoid getting stung. 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 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. 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. 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. 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. If you go for an older property you will find they are even cheaper. Properties in Bulgarian capital Sofia have attracted lots of attention which pushed the building of many new apartment developments in the city. What about Capital Gains Tax on Property Sales? 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. :+359 893 33 34 03 (WhatsApp or Viber). OK Bulgaria - UK based and operated Estate Agency. 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. Reply. Tips for buying Property in Bulgaria. Bulgarian law allows non-EU citizens to buy property in Bulgaria with some limitations. 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%. New member. 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. Is Buying Property in Bulgaria Only for the Brave? It would seem that for now the easy money has been earned as far as investment potential and capital appreciation are concerned. The Process of Buying Overseas Property in Bulgaria. How to buy property in Bulgaria: Bulgarian law allows non-EU citizens to buy property in Bulgaria with some limitations. After buying a property in Bulgaria its owner must start paying annual property taxes. The company has accumulated rich experience and gained an impeccable reputation. 6 posts Did anyone buy a property with " Bulgarian properties" company, if they are reliable ? If you dig around, you can find plenty of property purchase guides for Bulgaria. You could buy a lovely beachside cottage for just 50,000 EUR! 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. Property for sale in Bulgaria. Local house price variations. Russians, Scandinavians, Irish, and the British – everyone wants to buy a second home here. Talk to an overseas property specialist for the details on this. From years of experience to find the best way of getting your property found and most importantly sold. Property in Bulgaria is pretty illiquid. There is something about Bulgaria, an air of mystery and wonder, an enigma, an unsolved puzzle. Are Foreigners Allowed to Buy Property in Bulgaria? Renovated and furnished house, 30 km away from the town of Yambol . Bulgarian law allows foreigners to buy property in the country. Buying off-plan property inevitably involves higher risk than buying re-sale property. That is why Bulgaria has emerged as one of the top tourist destinations in Eastern/Central Europe. Procedure for buying a property in Bulgaria. Advice when buying property in Bulgaria. Save. Despite EU promises of greater transparency and a crack-down on corruption in general, there is still a lot that needs to be done, so you are advised to get as much local professional help as you can. Bulgaria has similar requirements. The cheap Bulgarian property market attracts many investors from all over the world. All Bulgaria’s major cities saw strong to moderate house price rises during the year to Q1 2020. What that also means is that there is a real interest in Bulgaria these days as an overseas property destination. Stay up to date with news and promotions by signing up for our weekly newsletter. Bulgaria’s boom was brokered on new build property – mostly apartments – that were 25 to 50 per cent cheaper than those to be found pretty much anywhere else in Europe. Few European holiday destinations can match Bulgaria for affordable property and low living costs. 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. 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. This is a legal document that certifies that you are the new owner of the property. 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! Bulgarian properties for sale. 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. Buying property in bulgaria Marharyta. 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. 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. They can buy apartments. 1 - 20 of 685 Save your search Get instant alerts. Once you find a property, start negotiations with the owner. There are usually two property taxes to be paid: property tax and garbage collection, which are paid at the local municipality. How does one go about buying overseas property in Bulgaria? Selling in Bulgaria for over 10 Years. 21 June 2019 20:07:42. 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. 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. 21 June 2019 20:07:42 #1. Citizens of EU states may own property and land in Bulgaria at the same terms and conditions as Bulgarians. The Euro Resale's Network was designed by some of Europes leading sales agents. Of course, the owners will have to pay their water, electricity and heat bills monthly. The relatively low cost of purchasing property in Bulgaria has always been the same in this former Communist nation built primarily on agriculture and farming activities. This country was behind the Iron Curtain of Communism for almost 50 years. The Process of Buying Property in Bulgaria Member since 16 March 2019 Marharyta. We look after your interests in Bulgaria and we do everything to make you happy. 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. Overseas Property Investment Solutions If you are an investor searching for overseas property investment opportunities or a second home in Bulgaria please contact us today to discuss how VIP Bulgarian Properties can help you. But the property will belong to them and them alone. Find Property for sale 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. Cheap house prices, quick and easy access to cheap finance and eager British and Russian buyers eyeing the opportunity of making a quick and substantial profit, set the ball in motion and those who bought and sold before the crisis were substantially rewarded with capital value increases of up to 35 to 40 per cent. 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. Almost anywhere else in Europe would cost you significantly more, upwards of 25 to 50 per cent more for a similar property. First things first – You should know where to find properties 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. 26,000+ Houses for sale in Bulgaria - 12.2020. Find overseas properties to buy in Bulgaria with the UK's largest data-driven property portal. Bulgarian Property & Prospects for Capital Appreciation Not so in Bulgaria. 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. Yes, but with some restrictions depending where you come from. Basically all foreigners can buy property provided it doesn’t come with land. Create alert List Grid. ... within the EU as well as the common working and retiring conditions have also been a significant factor for choosing Bulgaria for buying … Financing your Bulgarian Property – Mortgages & Property Finance Tel. 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. 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. With Bulgaria also paving the way for a successful accession to the European Union everything in the garden at that time looked rosy, but the downward trend began in 2008… the number of sale transactions in one year tumbling by around 35 per cent, and house prices by over 20 per cent and more in some cases. Talk to an overseas estate agent who specializes in Bulgarian properties for more on this. Well, it is because we are not property agents and we don’t actually want to sell you property. 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. The Bulgarian Property Boom It is today a free market democracy with a stable government, prosperous economy and where the Rule of Law prevails. Like. Wags. 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 If you are a UK resident and registered for tax here you should also allow for Capital Gains Tax at the prevailing rate, payable to HMRC. Sure, there are certain complications related to buying overseas property in Bulgaria in 2019, but there are ways to go around that. What an offer – Plot of building land for sale, with a total size of 1950 sq.m for 3900 EUR ! View our range of houses, villas and apartments for sale in Bulgaria. If you are looking at buying property in Bulgaria then there are good opportunities are to be had if you are looking buying one or two bedroom apartments on the Black Sea coast or in the ski resorts of Banso and Borovets, which are about an hour from the capital of Sofia… and it is only a little more expensive in the historic Bulgarian cities of Plovdiv or Varna. Search for real estate and find the latest listings of Bulgaria Property for sale. Historically, if you are buying property in Bulgaria you will find that property title is relatively sound. 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. Is it a good idea to buy overseas property in Bulgaria in 2019? 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