Property in Bulgaria - Own Your Dream Property

Bulgaria

It is good to own a property anywhere in the world. It calls for owning something that you can possess and cherish it. Bulgaria is a land of tranquility that is tucked away in the eastern part of Europe. It offers a plethora of natural health and wealth that remains the main attraction for property Bulgaria. It portrays as “a great getaway” in the heart of Europe. The natural beauty, eco-friendly ambience gives a truly unique, quiet and tranquil gateway for owning a holiday home, a business conference or even a retirement retreat.

A property in Bulgaria offers total value for money as it is laden with spectacular landscapes, scenery and natural beauty. It has been a British colony earlier thus the country carries an open-minded culture due to the colonial influence. The people are warm-hearted and very welcoming. This influences the people from the rest of the Europe and UK to own property in Bulgaria.

Why Invest?

Apart from the scenic beauty and value for money, buying a property in Bulgaria can be a profitable investment. Bulgaria is a member of the EU. The property prices are not as sky-rocketing as in other more populous parts of Europe. A seaside villa is easily available at £50,000 where as rural properties are available even for less.

Many people in Europe and UK opt for holiday homes or vacation destinations. This promises Bulgaria to be the next best holiday destination. Even if you do not go and personally live in Bulgaria, you can always make a purchase for other people seeking holiday home on rent. Most of the foreign nationals that seek to own property in Bulgaria look at it from an investment purposes. The main reason behind such investments is that not only it lets you own a dream property but also gives you return on investments by converting it into holiday resort or offering it to the holiday-makers.

Property Bulgaria is a great summer holiday destination and is also favored as winter resorts. Summer are warm and prolonged where are winters are comparatively short. Bulgaria thanks its weather to the Black Sea coast.

Apart from weather holiday destination, Bulgaria is all set to uplift all its historical architecture and tourist resorts. It is currently experiencing Beautiful Bulgaria Project which intends to make Bulgaria a great tourist attraction in the east side of Europe.

Big Gains for Foreign Nationals…

As per current scenario, the Bulgarian law restricts the foreign nationals to own the land. They can purchase the building but not land. However, this restriction is stipulated to be removed for EU citizens seven years after Bulgaria joins the EU. This restriction has been one of the main reasons that have kept Bulgarian property most competitive as compared to those in rest of the Europe.

The Bulgarian economy has changed since 1989 to from a state owned to open market economy. Moreover, British and Irish citizens do not need a visa to stay in Bulgaria for 30 days which makes its all the more easy for natives of these countries to stay long and visit frequently. A visa intended for a longer stay can also be easily obtained.

For all other EU nationals, Bulgaria confirms to be offer a free transit by obtaining a Schengen visa. Thus a property Bulgaria remains to be a promising venture and a profitable investment.