Rural Property in Bulgaria - some thoughts.

With Europe becoming increasingly accessible, thanks to low cost flights and expansion of airline routes, people are looking further afield for their property investments. Bulgaria has received much attention recently from the British press, especially with regard to the buy to let market.

There are many sunshine and ski resorts that are steadily growing in popularity thanks to heightened awareness as to the charms of Bulgaria and to improved accessibility from the UK, Ireland and mainland Europe. Consequently many investors have bought residential property along the Bulgarian Black Sea coast and in some ski resorts. These private properties have been let out which has definitely fuelled growth in the Bulgarian property market.

When thinking about buying abroad it is important to consider the rules and regulations that apply in that country for overseas investors. Bulgaria has a relatively young property market and so it will be essential to have the title deeds checked by a professional along with the right of the vendor to sell and the correct application for and acceptance of building permissions. One issue that must be taken into consideration is that if you want to buy anything other than an apartment you need to register a company in Bulgaria. While this may be relatively easy it will add extra costs to the purchase price. Factoring in 6 --10% of the price of the property should be enough to cover you for the estate agent, lawyer, stamp duty, notary, translation services, bank and court fees you will have to pay. Also don`t forget the annual property tax which is currently around 0.15% of the property value.

With major tourist spots becoming quickly established, it is worth taking a look at some of the country`s more rural spots when considering property in Bulgaria. The Bulgarian Rose valley is an area located between the Balkan range and Sredna Gora mountains. It is the home of exquisite Bulgarian rose oil and the colourful age--old Festival of Roses. The town of Kazazlak also lies in this region, surrounded by the breathtaking Balkan mountains while encompassing the fertility of the Tundzha river valley. The town of Pavel Banya and in the villages of Ovoshtnik and Yagoda, also in the region, are home to mineral hot springs. The famous Thracian Tomb also lies in this region, it was discovered in 1944 during the construction of an air defence post. This houses world famous murals which have earned it a spot on UNESCO`s World Heritage list. There therefore many reasons why this picturesque region is a very attractive spot for a holiday home.
 

TheTravelBug Website - Bulgarian Advice and Property For Sale

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