Bulgarian Property?

19. Feb, 2010 2 Comments

I am considering buying property in Eastern Europe and looking at Bulgaria as the prices are very low and have potential to rise I feel. Can anyone give me advice / discuss experiences on buying property there. I intend to rent it out.

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2 Responses to “Bulgarian Property?”

  1. cactusca 19. Feb, 2010 at 3:52 am

    I have many properties in BG which was purchased last year,i willnot rent them but sit tight for 2 yrs and then sell them.Bg has a massive ongoing building programme.The season is very short and Rentals are competitive.The area of Summer Beach is like a bomb site right now ,and probably will be for some time.The infastructure in Bg is poor in comparison with other countries in europe.The most you could hope for per annum is a return of around say 2% on your capital nett.Property prices will increase when the new building slows down.I would be looking at 5 yrs to make a decent profit.
    The alternative is to become a property agent with zero investment make yourself a pile.They are charging Eu 60 per mtr to sell property work it out yourself.

  2. realdolb 19. Feb, 2010 at 4:22 am

    I would look at the embassy website/ goverment website.
    have to be careful you dont get ripped off, so find out where you stand with the law first and find a reputable estate agent.
    Have fun Bulgarias a great place.

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