Pros and Cons of Buying Property in Bulgaria

The Pros

Property is cheaper than in many other parts of Europe, with houses in some rural locations as low as 7000 Euros.
Good potential for capital growth, with expected accession to the European Union in 2007.
Diverse range of properties in cities, mountain ski resorts, coastal areas and countryside.
Between 200 and 2004, land prices alone tripled in some areas
Recognised as an emerging property market, with potentially high rewards for the bold and the brave!
Improving infrastructure with funds form the EU.
Beautiful countryside and coastal areas – offering great locations for properties in unspoiled landscapes.
Increased exposure of the Bulgarian real estate market in the British media (e.g. ‘ A Place in the Sun’, ‘I Want That House’).
Flying time is only two and a half to three hours from the UK – making it perfect for weekend city breaks.

The Cons

You can not own a property with land as a foreign individual; you have to set up a Bulgarian company.
Getting to Bulgaria is still more expensive than some other parts of Europe .
You may have to make a quick decision to avoid losing the property, with the increased interest in the region.
Financing options may be more limited than if you were to buy in Spain or France for example.
Alleged concerns over a two-tier pricing structure.
Roads, pavements and other areas of infrastructure are not currently up to Western standards in some areas.
Water mains are not available in all areas – you need to check that it is available before you buy or build a well.
The summer months are not as long as they are in some other European destinations such as Spain – lasting from May until September.
The buying process can seem daunting at first.

About us