There are several reasons why people choose to buy a property in Bulgaria.
In the UK, it is getting harder and harder to step on to the property ladder. For many, the dream of buying a house is just that; a dream. But lower house prices, alongside low-cost airlines, and the temptation of a better climate is making ownership of property in Bulgaria increasingly popular. Whether you are buying properties for sale as an investment or a holiday home or even to live all year-round, Bulgaria is an increasingly attractive option.
There are three main reasons that people choose to buy a property in Bulgaria:
- To live permanently in a new country
If you are thinking of retiring, or simply longing to live in another culture, have a lower cost of living and enjoy a pleasant climate, than Bulgaria is perfect for you.
- To have a permanent holiday base
Many enjoy the comfort and security of having a ‘home from home’ and appreciate the benefits of returning to the same place. You know where to go, what shops are available and where the best beaches are. And even better, you can visit as often as you like and invite family and friends to stay too.
- To rent to other holidaymakers
Many people choose to cover the costs of buying and running their property abroad by renting it out. There are two main ways to do this; hiring an agent to rent the property on your behalf, or handling all the rentals yourself. An agent will take a percentage fee, but will handle all the bookings, cleaning and maintenance of your property. If you manage the rentals on your own, you will need to find someone trustworthy who can clean and prepare the property for your customers and handle any issues that arise when people are staying in your property. Renting is a very effective way to cover costs, and even to make a profit, but you have to limit the times when you can use the property and be prepared for damage and wear and tear to increase.
How to buy in Bulgaria
Some people may be put off at the prospect of buying properties for sale in Bulgaria because they are worried about the language barrier, or foreign legalities. However, there are dedicated property companies based in Bulgaria who can take the stress out of buying abroad and handle the logistics for you.
Here are still some basic questions you might have:
Do UK citizens need visas and how long can we stay?If you hold a British passport, you are entitled to a 3 month’s stay in Bulgaria, which can be extended. Contact the Bulgarian Embassy in London for complete information on visas and residency permits. Visit their website www.bulgarianembassy.org.uk.
What are the costs involved in buying a property in Bulgaria?
Like buying in the UK, there are additional costs – legal costs, country tax or stamp duty, notary fees and translation fees – however these are substantially cheaper than in the UK. This information is changing all the time now that Bulgaria is entering the EU, check with the Bulgarian embassy.
Where do I start?
If you are thinking about buying properties for sale in Bulgaria then you should do as much research as you can. The internet is an accessible and useful source.
You can also telephone The Bulgarian Property Company on 00359 886 234 289 or e-mail: email@example.com We can take the headache out of buying abroad. With our extensive local knowledge, it couldn’t be simpler.