Bulgarian Land & Property Investment FAQ

SUN - SEA - SKIING - WATER SPORTS - SCUBA DIVING OR... SIMPLY JUST RELAXING

Buy There BULGARIAN PROPERTY INVESTMENTS Specialising in Land Investments

The Bulgarian Property Market

Property prices on the coast and in the ski resorts increased by 40% in the 12 months to April 2004. Prices have continued to rise between 20% - 30% annually and are continuing upwards in 2007 now that Bulgaria has been ratified as a member of the EU.

land for Sale Bulgaria

Now is the time to invest in land acquisitions

How to Purchase Property in Bulgaria

The purchasing process starts with contacting us about the reservation of a property/land. As it is difficult to visualise properties from brochures or our website, at some point you will want to visit Bulgaria. We shall be delighted to help you arrange an inspection trip. Note that once you have chosen a property, you have to determine whether the sale includes the land or not, because according to the Bulgarian Constitution and legislation foreigners as persons can acquire only buildings but not land. Only Bulgarian citizens and legal persons (including such with a foreign owner) can obtain the ownership of Bulgarian land.

land for Sale Bulgaria

How will this affect you?

As far as houses, villas, flats and limited ownership rights (the right to use, build a house, etc.) are concerned,you can directly purchase them as a person. To buy a real estate property together with the land on the territory of Bulgaria you have to set up a commercial company. That is a fairly straightforward process taking about four weeks. Of course, there are other ways e.g.

Establishing a joint venture with existing local companies
Setting up a new venture
Acquiring a company through privatisation
Making a portfolio investment

Upon receipt of an initial contract of sale (similar to ‘Sold subject to contract’ in the UK), following the standard checks on the property made using a reputable Bulgarian solicitor you sign the Notary Act (contract of purchase) in front of a Bulgarian Notary either in Bulgaria, or at the Bulgarian Embassy in London. Please, note that the final Notary Act is not signed until the building is completed in the case of off plan developments.

BUY THERE Comments:

The Bulgarian property market is experiencing an impressive revival and there are several factors that contribute to this:

1. Mortgage lending potential - currently, mortgage loans are 5% of the total credit supply within the local banking sector. In developed credit markets, this rate is usually in the range of 15 - 20%.
2. Increased foreign direct and indirect investment in Bulgarian real estate as a result of:
(a). Bulgaria's EU membership 2007
(b). Expanding tourist industry

SEA & SUN: Great beaches, warm sea and Riviera Weather.

What services do we offer?

Buy There offer an all inclusive service from locating property through to delivery of the Title Deeds. We identify and appraise property/land for sale across Bulgaria, and act as an agent in property/land sales. We deal in off-plan properties, new-build properties, and resale properties. We sell apartments, villas, commercial real estate and plots of land.

Historic Amphitheatre at Plovdic

Our approved planned development at Byala

Increasingly we are selling lucrative plots and projects for development. Permission for water, electricity supply and sewage is obtained. Regulatory documentation is obtained from the municipality, architechs drawings approved and designs fully passed by regulatory bodies and permission to build granted.

We strongly advise against independently buying an investment property or holiday home in Bulgaria as it is a testing experience, time consuming and problematic . Apart from language difficulties (the alphabet is Cyrillic), the bureaucracy is daunting for the uninitiated. There are also considerable risks. Without proper support you could be charged inflated prices and there is the possibility of losing your deposit or indeed the full settlement amount due to credit settlement risk or legal risk. (Credit settlement risk means that you pay for the property and do not receive the Title Deeds. Legal risk means you buy the property from someone who is not the rightful owner.) 'Buy There' provide a service that is far more encompassing than a usual estate agency service while remaining extremely competitive.

HArchitechs off plan development

One of our projects for sale and development

With the current high levels of investments in Bulgaria, there will increasingly be a need for purpose built villas. The prevailing opportunities to buy into land are excellent while prices remain low. New built costs are also low, so now is the time to purchase land as its value will increase considerable as the next few years pass.

Join our 'Off Plan' developments Currently off plan projects offer enormous growth potential and are sure investments for the future. Holiday travellers are becoming more discerning and expect a good standard of accommodation which new build provides. Many of these investments include estate management and security and are excellent letting potential to add to 'buy to let' portfolios.

Bulgaria - One of the oldest European countries.

We can help you arrange a visit.

Call for Bulgaria Land/Property Sales Information

Bulgaria Information / FAQ's