In the period of transition to market economy which started from 1989 to date, Republic of Bulgaria has passed a long and hard way. Today our country is one of the most stable ones in Eastern Europe and extremely preferred for tourism and real estate investment purposes. According to the Bulgarian legislation, foreign citizens cannot purchase land as physical persons. Therefore foreign investors register limited companies here and purchase real estates, with the purpose of making business in our country. The Bulgarian government encourages investment initiatives by way of adopting a number of preferences related to the tax and custom’s policy in the country.
The real estate market in Bulgaria developed intensively during the last years. Due to the increased demand and supply of buildings and land, the prices raised manifold in the last 15 years. Now this price rise has established itself slow and gradual, but the real estate purchase in Bulgaria is still one of the most preferred means of investment.
Even with no efforts or any fund investment to enhance the property indices, its re-sale in the condition in which it was acquired, guarantees good profit if the re-sale is made a short time after the purchase. Land purchase on the Black Sea and near developed mountain resorts and the building of recreation objects, hotels, and villa areas is an activity of all serious building companies, as the newly-built living estates correspond to all European and world quality and comfort standards.
This accounts for their demand and sale as early as “idea project” stage.
More and more frequently are registered sales of large plots of agricultural development land, as the investors take into account the rapid return from the annual rental which is a lot higher than the one in other countries.
Republic of Bulgaria is an extremely hospitable country which gathers people of different ethnical nationalities and religious affiliations who live here in perfect harmony for long years. People are kind and good –natured. The climate is really favourable with a long and hot summer and snowy winter. The prices of food, fuel, and services are far lower than those in the countries from the west. We could enumerate many other advantages of living in Bulgaria.
If you have chosen our country to be yours too – WE will help you to find and acquire the home of your dreams HERE!!!
