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Bulgaria Property Group
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A Travel Guide to The
Bulgarian Black Sea Coast
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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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