Buying a Property in Bulgaria: How to Buy an Investment by Jonathan White

By Jonathan White

Bulgaria is attracting expanding curiosity from estate dealers around the globe - thinking about its estate funding power, excellent stretches of golden sands, ancient cities and breathtakingly unspoilt surroundings. With its low estate costs Bulgaria offers many differing kinds of lodging to fit all tastes - no matter if it is a mountain retreat in a ski hotel, a beach residence, a interval state condominium, or a contemporary city-based condominium. And it comes with a low-cost of residing too. And with Bulgaria's accession to the european, estate during this kingdom is determined to develop into an excellent higher investment.In this e-book, Jonathan White will give you all of the info you must assist you make a valid funding: the professionals and cons of shopping for in Bulgaria; the ten simple steps to purchasing a estate in Bulgaria; the right way to finance your buy; renovating and furnishing your place; knowing tax and assurance; letting your house to supply an source of revenue; deciding to buy land for entertainment and funding; easy methods to make the most of developing a Bulgarian corporation and, even more, together with worthy web pages, contacts, sensible tips, pattern contracts and a whole color picture gallery.

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At the end of the day, you have to take the responsibility for the choices you make – and that means doing your homework. But, if you are feeling more adventurous and would like to approach local estate agents instead, then read on … 38 / BUYING A PROPERTY IN BULGARIA Using a Bulgarian estate agent Bulgaria enjoys a healthy number of estate agents, and to be fair, they tend to provide a good standard of service. It is a very competitive market though and you are almost spoilt for choice. Therefore, making the decision of which agent to use can be quite daunting.

Well, a few reasons I would suggest are: 1. To research any local estate agents that you come across 2. To research properties available in Bulgaria on the internet 3. To check fluctuations in currency, if you are planning to buy soon 4. g. ) The connection speed in internet cafes is generally not that good (at least if you compare it to other parts of Western Europe) but it is functional and in the absence of choice, you have to take what you can get I’m afraid! OPENING A BANK ACCOUNT If you are seriously intending to buy property in Bulgaria, it’s a good idea to open a bank account early on in your visit.

Now, whilst the majority of us are used to flat fees for bank transfers, in Bulgaria some of the banks charge you a percentage of the amount you are receiving. That is, they do not charge you a fixed fee. So, if you are transferring quite a large sum for the final payment on your property, some banks may quite happily take a percentage of that from you. I bet you didn’t factor that into your purchase costs? I also bet that the agent you used didn’t tell you about the potential bank charges either!

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