Property in Bulgaria what is all that about?
Property in Bulgaria has caused so much activity amongst
all involved in the overseas property industry that you can
easily get dizzy from the amount of information and
property available in the region. One thing is for sure
Bulgaria as an emerging market that is set to change the
former member of the Soviet Union forever
Bulgarian facts
Bulgaria officially the Republic of Bulgaria is a country
in Southeastern Europe, It borders the Black Sea to the
east, Greece and Turkey to the south, Serbia and the
Republic of Macedonia to the west, and Romania to the
north, mostly along the Danube.
Modern Bulgaria
Bulgaria opened its doors to tourism and foreign investment
the early 1990s. Bulgaria's 8 million inhabitants live in
an area as large as England and enjoy an attractive mix of
landscapes which have made Bulgaria such a popular holiday
destination. Its sunny Black sea coast attracts holiday
makers in the summer. Its Ski resorts in Bansko, Barovets
and mount Vitosha make it an affordable place to ski in the
winter. The quiet Bulgarian villages, historic buildings
and cosmopolitan cities make it ideal place to visit all
year round. Investors tip the Capital Sofia as a sound
place to invcest in property abroad.
Property in Sofia Bulgaria
Sofia is getting richer and is definitely on its way up
both business and tourism help make the city an attractive
place to invest. Businesses are setting up in Sofia and
evidence around the city is clear with impressive modern
buildings, multi national company offices, BMW and Porsche
dealerships to name but a few. Tourists visit the city all
year round, helped by low cost airlines flying into Sofia
Airport. The impressive architecture makes Sofia a good
place to wander around; churches such as the Aleksander
Nevski Memorial Church will always attract those looking
for a relaxing city break. Property investors buying
property in Sofia do not need to rely on seasonal tenants
to fill their investment properties. The combination of
local and foreign employees and visitors to Sofia make the
city an attractive place to invest.
Buying property in Bulgaria the process
Buying property in Bulgaria means in most cases that
overseas property buyers will need to set up a limited
company. The exception to this is when a buyer purchases a
leasehold property such as an apartment. In this case you
do not own the land and therefore foreign buyers can buy
Bulgarian property without the need to set up a Bulgarian
registered company. Entry to the EU in 2007 will hopefully
see these rules change
