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Apartments in Bulgaria – new procedures for foreigners buying Bulgarian apartments

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Investing in real property is one of the oldest and safest ways of investing hard earned money. It is important that you invest at the right time and price. Now is the time to consider investing in Bulgaria as prices are at record lows. More and more people are yearning to own a piece of land in Bulgaria. This is usually by owning apartments in Bulgaria. Bulgaria is known as a great tourist destination. It is known for its historic importance and its scenic landscape.  Bulgaria also attracts many investors because there are many cheap Bulgarian apartments for sale. Apartments in Bulgaria have the potential of high returns for investors as they can be leased out to the many holiday makers in the country. Due to the increase in demand many property developers are moving towards developing properties in the form of apartments.

However despite the increase in demand for apartments in Bulgaria, a great deal of potential investors, are barely informed of the procedural law involved in buying apartments in Bulgaria. This article seeks to shed some light into the procedure of acquiring Bulgarian apartments for sale. The procedure for acquiring an apartment property in Bulgaria is a simple and straight forward one. First and foremost it is important that every foreigner should know that the Bulgarian law allows foreigners to own buildings in Bulgaria but until recently foreigners were not allowed to own Bulgarian land. However this law has changed since Bulgaria joined the EU and now in 2012 it the possible for foreigners to buy land in Bulgaria without setting up a company. This is an important new fact that makes it much easier and securer to buy apartments in Bulgaria.

Previously when a person identifies apartments for sale in Bulgaria, he or she should then proceed to seek an appointment to inspect the apartments he or she is interested in. When the potential buyer has inspected the apartment and is satisfied that it is in good condition and meets his taste and desired property, the purchaser then has to determine whether he or she wishes to purchase the property with or without land. The procedure to be followed and costs incurred differ depending on whether land is part of the sale. Read more…

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Bulgaria apartments – advice when buying

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In Bulgaria like any other country many people stay in rented apartments before they can afford to buy their own. After living for some time in rented apartments one may decide to buy their own so that they stop paying rent. Bulgarian apartments are considerably cheaper than other apartments all over Europe and many people today are investing in Bulgaria apartments for sale. There are several factors that should be considered before one can buy Bulgarian apartments, which are discussed in this article.

First one needs to decide on the area they would want to buy the apartment. This may involve a lot of research in the area or the research can still be done at home. The reason for this is to find cheap Bulgaria apartments. The price of an apartment depends on the area on which it is located.  Bulgaria apartments are found in classy areas as well as ordinary areas and one can chose the apartments they want to buy. It is advisable that one researches the market to confirm that they are getting the value for money. Advice can be sought from independent valuers and real estate agents. It is highly discouraged to seek advice just from developers or their agents because such advice would lack objectivity. Advice from an independent valuer is very important especially when one is buying unfinished apartments to make sure that the value for the money is realised.

If one wants to buy Bulgaria apartments they should visit as many places as possible to find the property that suits them. In Bulgaria there are many places to invest in apartments. One can choose from a modern city apartment in Sofia, the capital of Bulgaria or beach apartments on the Black Sea or even a ski property such as a Borovets apartment. Visiting many places equips someone with important knowledge that can be used in determining which Bulgarian apartments to buy. After identifying attractive apartments one should confirm that the desired facilities are available in the apartments. One may require a gym, a shop or a park and if they are absent, then there would be no pleasure in buying such an apartment. Read more…

If you are looking for Bulgarian real estate or off plan property in Borovets look no further than Concept Bulgaria.
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