Buying in Bulgaria

[vlady69]

Originally Posted by liu

and also i have heard that the cost of living there ios also very cheap, but in comparison to what?
in your opinion where is the ideal location in bulgaria to invest in property for quick profitable sales and renting?

Well the exchange rate at the moment is 2.4 BGL for 1 GBP
Here are some prices:
Petrol - 2.3 BGL / ltr.
bear - 1.5 BGL / 1 Ltr bottle
Coca Cola - 1.8 BGL / 2 ltr bottle
A meal at a normal restaurant would cost 7 - 9 BGL a person with drinks
A meal at expensive restaurant would cost 20 - 25 BGL a person with drinks
Electricity bill - 50 - 60 BGL a month
Water bill - 15 - 20 BGL a month
For a good living you will need 1 000 - 1 500 BGL a month

Hope this gives you an idea
You are welcome to contact me with any additional questions

[slinkymcvelvet]

Bulgaria is the cheapest European country so the credit crunch will draw more people there. Many areas in Bulgaria are over developed (Bansko and the coast), under developed and dodgy (Borovets) or over priced (Sofia). However, check out Pamporovo - it is the most southern mountain resort in Europe, an hour from the Greek border and 1.5 hours from the White Seas coast. It has a meditteranean climate, so great skiing and great summers. this means that if you buy a property there you get all year round rental returns. Then there is the Super Perelik Project that will link two peaks to create 217 km of ski runs, and small airport, a golf course, and will make it the most popular resort in Bulgaria. The area has a protection order on it so there is limited development allowed...which avoids overdevelopment!
Check out the Palaz - the highest development on piste. Check out a company called No More Hotels.

Also Check out this news story : The Sunday Times, 16th March 2008...
Knight Frank’s latest quarterly Global Property Index, made available
exclusively to The Sunday Times, shows that prices in many parts of the
world are still rising at a considerable rate — and, in some cases, have
even been accelerating. The list is headed by Bulgaria, where prices rose
34% last year, compared with 17.4% in 2006

[paulkay]

A Good place to invest in Bulgaria is topola

[Marthy]

hello there, i am Bulgarian and i am working as a broker in one of the biggest real estate companies in Bulgaria. So my opinion is that still a lot of foreign people prefer to buy something in Bulgaria for many reasons: firs - the price of the properties are still verry low ( espetially agricultural lands), second: only last year we have more than 100% increasing of the prices in some of the regions as a Bourgas, Yambol etc. ( so buying in Bulgaria is a good investment), alos it is quet, peacefull, offer tranquility, lovelly people and cheap government taxes. So thinck about it but If i am foreigner i look after the property market and i will find a good agent to represent me in the country and i will buy some. Cheerz.