Bookmark and Share

Property Investment In Bulgaria

Free PDF eBook!

Enter Your First Name
and Email Address to Download

Name:
Email:
 

Bulgaria is a country which has been successful in achieving a consistent economic growth in the past few years.

Despite economic and political changes it has undergone, it is slated to become a member of the European Union which will enable to stabilize the currency and look forward to a better conducive environment for economic growth.

This reason itself has caused the foreign direct investment to grow exponentially in the past few years, crossing the $2bn mark in 2004. This foreign direct investment has leapfrogged the Gross Domestic Product which makes it very clear that Destination Bulgaria is emerging and any investment in immovable properties would only appreciate in the near future and highly probable that it would do so in the long run.

The property prices have increased by as much as 25% in the past year, which implies that rents also are on the upswing. Big investors and holiday corporate companies are invest more and more, since the rental income would increase substantially.

Small investors are already making a fast buck of about 40-50% appreciation on the property they own, by offering resale of complete/ semi-complete developments.

Furthering this boom, the Bulgarian government is working on a legislation to enable freehold ownership of land and property by foreigners. This step is being taken looking at the trend of construction quality and development and success of pioneer investors in the recent past.

Compared to other nations of Europe, the development costs in Bulgaria with respect to labor, land, taxes, utilizes etc. are cheaper. As a result of which, a supply void could be created to hike prices and gains. As more and more multi national companies are entering Bulgaria, the job market is looking up and so is the demand for rental houses and apartments.

The property acquiring process in Bulgaria is simple, since foreigners acquiring properties in Bulgaria was not allowed and is changing.



 

Real Estate Videos and More Articles

Loading...

Mortgage Advice For Residential Real Estate

... that this is a lifelong dream. While once an opportunity that seemed to be reserved for either the wealthiest or the most miserly among the general population home ownership is now something that is accessible to a larger segment of the population than ever before. This is good news for many but for some ...

Home Selling Tips

... pain. 4) Make sure you have a full Multiple Listing Service coverage this is a powerful tip to remember. Multiple Listing Service is the strongest selling tool for your home. Some people would not even advise you to check for any offers before you see you home on MLS! 5) Home showings through an open ...

Subprime Mortgages

... community well and some areas just don t have the types of jobs that prime mortgages will need to ensure their monthly payments. It can be embarrassing to go to a local bank if you live in a relatively small town so you may want to choose a subprime only lender. A good benefit of a subprime mortgage is ...

5 Tricks To Make It Big With Real Estate Investing

... said, real estate investing is an art). Here is a list of tricks that can make real estate investing profitable for you: 1) Look for public auctions, divorce settlements and foreclosures (bank/FHA/VA): Since quick settlement is the preference here (and not price), you might get a property at a price that ...

Investing To Profiting

... to someone else for higher profit. Other times, you can keep the property and rent it or lease it in order to have more substantial profits. No matter what you want to do, it will only take the right time of year to get what you want done with the property that you have. Being smart about real estate ...

 

Recommended Real Estate Products






Home |  Free eBook |  Contact Us |  Privacy Policy |  Site Map