A Guide to Buying Property in Bulgaria
Bulagria, a former Communist country, suffered under Soviet rule and consequently endured years of under investment in property and the general infrastructure of the country.
Things are now different and Bulagria became a member of the European Union in 2007.
To a large extent, Bulgaria is still trying to catch up with the rest of Europe, but property prices have risen sharply in the last 8 years and because of the increasing popularity of the country, there have been a number of excellent property investment opportunities.
The Bulgaria Property Buying Process
Because the ownership laws are evolving, bureaucracy is painfully slow at times and official documentation can take an age to arrive.
There also seems to be a two tier property buying system, one price for nationals and another for overseas purchasers. having said that with overseas purchaser's prices starting from as little as £6,000 for a two bed appartment in some areas of Bulgaria, it can represent a fantastic investment opportunity.
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