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buying property in Bulgaria

an introduction

introduction | why buy in Bulgaria | how much does it cost? | what is the process

In the current market in Bulgaria, the decision isn't what to buy when you get there, but deciding to invest there in the first place. The market is extremely dynamic and property prices are increasing at a dramatic rate. All property in all areas is increasing. It is thought that prices will continue to rise well after accession to the EU in 2007.

In addition to the prospect of joining the EU, Bulgaria has been reintroduced as a holiday hot spot. In their 2004 Summer brochure Thomson Holidays included Bulgaria for the first time. In 2005 for the first time, budget airline companies have included Bulgaria in their list of destinations and holiday makers are expected to flock there in their millions. Massive investment is being made in Tourism, including upgrading the airport in the Capital Sofia, investment in the Ski Resort area of Bansko, and across the board there is investment into the whole infrastructure of the country.

There is a sound legal system and the country is enjoying a period of sustainable growth. A land registry, just like the one in the UK exists, and although fear of the unknown is usual amongst investors, this is absolutely without grounds. Bulgaria is a thriving economy which is supported by and following close behind Western Europe.
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