Buy property in Bulgaria

Bulgarian property for sale in Bulgaria, property for sale in Tenerife, Portugal, Turkey and Cyprus,and Spanish property for sale in Costa Blanca South, Costa Blanca North, Costa del Azahar, Costa Almeria, Costa de la Luz, Costa Tropical and Costa del Sol

Frequently Asked Questions

What is the currency in Bulgaria?
The currency in Bulgaria is leva,which are divided into 100 stotinki. To assist, the prices for all property for sale in Bulgaria are generally indicated in Euros.

What is the time difference in Bulgaria
Bulgaria is 2 hours ahead of UK.

Why is Bulgaria becoming so popular to buy property?
Many people are realising the investment potential of Bulgaria, and also as tourism is increasing year on year, more and more people are becoming aware of the beauty of the country, the wonderful countryside, the lovely beaches,and the low cost of property to buy.
Bulgaria is expected to become a part of the EU in January 2007, and is already a member of NATO, which in turn makes the country more attractive to tourism.

Once I buy my property in Bulgaria, will I be able to rent it out?
Yes, most agents are able to assist you by either marketing themselves, or introducting you to a management company that will look after all aspects of renting your property. Several of the properties for sale in Bulgaria have the offer of a guaranteed 10% rental income.
These properties are available in both coastal and ski resorts. So whether the property you choose to buy in Bulgaria has the benefit of the guaranteed rental scheme or not, you should still be able to rent out your new property.

What is meant by 'guaranteed rental income'?
The percentage amount of the guaranteed rental income is dependant on which development you buy your property in Bulgaria. This will also vary between agents. Many companies offer a guaranteed rental income, just talk to your agent and tell them that you require this, and they will guide you to the correct property.

Who would be expected to rent my property?
Bulgaria's tourism industry has been gowing over the last couple of years, and is now well established. Several large Tour Operators offer package holidays, and as more airlines start to fly into Bulgaria this will open up the market even further. With the offer of sunshine on the coast, and guaranteed winter snowfall in the ski resorts, the Country can only really become more popular.

Will the market not become saturated with rental properties?
As there are only so many properties than can be built frontline, or within walking distance of the beach, or the ski lifts, these will obviously rent out well. There is only so much coast in Bulgaria, likewise only so many mountain resorts so people that buy property or properties (as many clients go for one property in each type of resort) now should be able to expect rentals for years to come.

Is it better to buy property in Bulgaria 'off plan' or wait until construction is complete?
This is really a question of choice, there are advantages to buying off plan and to waiting until construction has been completed. If you speak with your agent they will give you advice specific to your personal circumstances.

Am I able to arrange a mortage to buy property in Bulgaria?
This is becoming easier, and again take advice from your agent.