Bulgarian Property FAQs
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Bulgarian Property FAQs
At Mortgages.co.uk, we receive numerous enquiries about property in Bulgaria . These Frequently Asked Questions should answer your initial concerns about the property buying process in Bulgaria .
Can foreign nationals, such as English people, own a house in Bulgaria ?
This is the most common question Mortgages.co.uk is asked, and the answer is yes. Foreign nationals, including people in the UK , may own as much Bulgarian property as they want, with no restriction. However, in order to actually buy land in Bulgaria , the law currently states that the buyer must incorporate a business in Bulgaria , and the land must be regarded as an asset of this company.
Is Bulgaria a normal place for foreign nationals to buy property?
Bulgaria is a stunning, vibrant country with attraction in both the rural and urban areas. This makes it one of the fastest growing holiday destinations in the world. In terms of investment, land and property prices are on the increase due to the enormous boost in tourism in recent years. Many investors are also choosing buy to let purchases. Bulgaria truly is one of the best investment opportunities worldwide.
Is Bulgaria a stable country?
The Bulgarian Socialist Party has improved the country so much that EU entry was achieved in 2007. The GDP was 6.1 per cent in 2006 – Bulgaria is a thriving economy. Inflation is low, and privatization is underway.
Is there much left for foreign investors?
Absolutely. Although property prices have increased, enormous amounts of real estate remains at attractive prices. An investment in the right location could net high capital returns. EU membership could ensure rising property prices.
Is Bulgaria accessible?
Peak and off-peak season flights to Bulgaria are available at everything from budget to luxury, from numerous major airports around the UK . Flights generally arrive at Sofia (SOF), Varna (VAR), Ploudiv (PDV) and Burgas (BOJ.) Flying time is short, at just 2.5-3 hours.
Do I need a visa to enter Bulgaria ?
Visitors do not need a visa for a holiday or brief stay. Depending on where you are coming from, it is possible to stay for between 30-90 days in a six month period.
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