Bulgaria is the new property hotspot in Europe. Both investors and those seeking a haven abroad are beginning to realise the potential and hidden treasures of this enchanting country. Bulgarian property offers incredibly good value for money in an environment that is both diverse and beautiful. The Bulgarian people are welcoming and friendly towards foreigners, there is ample opportunity for both investment and those wishing to make Bulgaria a more permanent home. (see About Bulgaria for more information)
Q:
How easy is it to buy property in Bulgaria?
A:
If you are buying an apartment it is a relatively simple transaction. If the apartment you are buying is off plan™ you will normally be asked to leave a percentage of the purchase price as a deposit with the remainder being paid in stages until the apartment is completed. If you choose to buy a property with land or a plot of land to build on, under Bulgarian law foreigners are required to set up a company which will entitle them to acquire full land ownership rights (see Purchase Guides for more information). Once again this is simple process which Rila Properties Ltd will guide you through.
Q:
What is the investment potential of Bulgaria
A:
With EU membership scheduled for 2007 and the EU currently investing millions of pounds upgrading the countries infrastructure and refurbishing the historical architecture and tourist resorts, the forecast for property price growth is excellent. Unlike countries such as France and Spain the Bulgarian property market is only just starting to take off giving investors an ideal opportunity to maximise their returns. The property market of the two most recent new members of the EU (Czech Republic and Poland) have risen by 250% in the five years leading up to them joining.
Q:
How easy is it to rent out my property?
A:
Rila Properties Ltd offers advice and services with regard to renting out a property that you have bought through us. We will advertise your property on our website and through our office in Varna. We offer a fullProperty Managementservice.
Q:
How do we travel to Bulgaria and where do we stay?
A:
During the summer there are direct flights to both Varna and Bourgas on the Black Sea coast. There are direct flights all year round to Sofia from where you can get either a train or bus onwards to the Black Sea coast. Rila Properties Ltd will be happy to investigate flight times and costs on your behalf. We also have contacts at hotels in a number of resorts and will be happy to organise a room on your behalf alternatively see the links section for hotels.
