Find your prime Bulgarian property with us!

Bulgarian property is, like anywhere else, extremely diverse and it is possible to buy whatever type you wish.

If you look through the newspapers or in magazines you could be forgiven for thinking that property is restricted to apartments. However while it is true that there are many thousands of apartments to choose from, there are lots of other different types of Bulgarian property on the market: apartments, off-plan properties, villas, rural houses, town houses, downtown properties, cottages, hotels, parcels, industrial land, land for constructions, agricultural land, guaranteed rental properties.

The capital city Sofia has the biggest demand for property, closely followed by Varna - the biggest city on the Black Sea Coast. We have to mention also a few other bigger cities and regional centers in the country like the cities of Veliko Tarnovo, Plovdiv, Stara Zagora and Bourgas. This demand in Bulgaria’s biggest cities is being driven as well as by local buyers and by foreign buyers. This is because of several reasons:

• Demand for luxury residential properties for long-term rent both by local tenants and increased number of foreigners coming to work in Bulgaria

• Highest capital growth and profit from re-sales of properties purchased 2-3 years ago

• Limited availability of plots for development, especially in the central parts and the prestigious residential areas.

Good opportunities to consider, for a prime Bulgarian property, are the smaller beach resorts at the Southern Black Sea coast like Lozenets and Tsarevo which have great potential both as holiday destinations and as investment opportunities, but still remain undiscovered by the majority of the foreign property investors. These areas indicate much lower property prices than the popular international resorts like Sunny Beach and Golden Sands, but it is now time to buy in the smaller resorts on the Southern coast, as the first signs for future growth have appeared.

Among the most wanted and searchable prime Bulgarian property are the ski resorts: Bansko’s property prices are stable at the moment and no serious increase has been indicated during the last few months. There is a good variety of offers in this resort and buyers will benefit from great standards of the proposed developments and complexes for sale. This is the best developed market out of all the ski resorts in the country and it seems that the competition between the local developers is now working for the benefit of the buyer.

Pamporovo - another popular ski resort in the Rhodope Mountains has serious indications for future growth with demand by smaller or bigger investors. Mostly due to the fact that the local project for development of a new and bigger skiing area and resort (the project is called Perelik) is fast approaching. The contract for the development of the new skiing area and resort was signed this year, which grants a green light for the project. There are number of interesting development projects in Pamporovo at the moment with more high quality ones in the pipe-line.

It is recommended to the property buyers to diversify their investments by purchasing one or more Bulgarian property in countryside as well. These properties feature great value for the price and they are selling for between 8,000 to 80,000 Euros. In practice, every re-sale in the future accumulates good profit. All our buyers who have re-sold their rural properties so far have generated profit and managed to sell their rural houses bought 2-3 years ago at 70 % to 100 % higher prices. The prices continue to grow, although with lower rate than the capital and city properties.

It has been indicated increased interest and more rural Bulgaria properties sold during the last 3 months. The reasons for this fact can be found mostly in the lower prices and great value, high potential for capital growth and of course the beautiful nature of the Bulgarian villages.

Bulgarian property has the fastest growing asset in our country. Last year the property prices in Bulgaria have gone up with more than 25 % in general. Some real estates have gone up with 50 % for one year, especially the ones in Sofia, in the Black Sea beach resorts (Sunny Beach) and in the ski resorts (Borovets, Bansko).

The improved economic conditions, political and social stability in Bulgaria over the last 3 years brought to a real boom of the prices of property in Bulgaria. Other important factor for the rising property market is the huge tourism potential in our country. There are great natural attractions - high mountains, beautiful and clean Black Sea coast, preserved rural areas, minimum urbanization, thousands years of history, etc. Nowadays Bulgaria is considered as the fastest growing tourism market in Europe. This is something that foreign buyers of Bulgarian property appreciate the most. Together with the constantly rising prices, buying Bulgarian property is one of the best investments that one can make these days.

Further Bulgaria is yet a member of the EC dated 01^st of January 2007. Now is the right time to invest in Bulgarian property. Nowadays, Bulgarian laws are improving and changing in accordance with the laws in the countries of the European Union. Bulgaria has one of the most liberal foreign investment laws in the region.

Foreign investors can purchase Bulgarian property directly or through a local company. Only Bulgarian-resident individuals and entities can own land, while non-residents personally may acquire only buildings. Therefore if foreign citizens want to invest in Bulgarian property- just for land, not for apartments, they must register a Bulgaria based company (something that we fully assist with). As soon as the company is registered any properties / Bulgarian property may be purchased to the company name.

The law does not limit the extent or amount of foreign participation in companies. Foreign individuals and companies can open unlimited number of accounts in any Bulgarian banks, in any hard currency or the local Bulgarian Levs. There is very serious talking that soon the main law in Bulgaria, the Constitution will be changed very soon, so that all foreigners who wish to acquire Bulgarian property will be able to do so personally, so registering a local company will not be needed. However we strongly advise not to wait until the law is changed, as it is expected that this will give even a stronger push to the property prices and they will suddenly go up.

Here are some of our top suggestions that perfectly combine conditions for holiday and for the right Bulgarian investment properties - our site primepropertybulgaria.co.uk is the best place you can find it!