A bit about Bulgaria

• Good choice of areas from mountainous ski resorts to Year round Sun
• Good mix of ages with both young and old choosing Bulgaria
• Very keen to be part of western Europe (due EU membership 2007)
• Good mix of climates
• Current good exchange rates
• Great value property for an emerging market

Property prices:

Prices vary considerably from area to area, however as an example

• New Coastal Apartments from 20,000 pounds
• Re-sale houses from 10,000 pounds

Please contact us for a selection of properties in your chosen area or click here

Property purchase costs and procedure.

• Allow 10% - 12% of purchase price to cover costs
• Initial reservation deposit of around 10% required
• If buying a new development stage payments may be required
• From offer to completion usually takes around six to eight weeks
• When buying a house a Limited Company must be formed in order to own the land as a non-resident (this will change in 2007 with full EU membership)

Can I take a mortgage?

• Mortgages available from both UK and Bulgarian banks
• Equity release schemes from UK property
• Up to 70% loans available
• Maximum loan term for non residents 15 years

Getting there:

• Wide choice of departure airports
• Wide choice of arrival airports
• Good choice of airlines
• 5 - 7 hour flights
• Competitive market keeping flight prices low on major routs

What about Jobs?

• Work permit required

Can I take my Pet?

• Pets can enter the Bulgaria without quarantine, however will require certain health certificates

Transferring money

• Best rates available through money transfer specialists.

Driving licenses.

EC license must be accompanied by Bulgarian translation otherwise an International Driving Permit is required. Minimum driving age 18

What about schools?

• Private English schools are available

Some Key points

• Always use a lawyer represented in Bulgaria when purchasing property.
• Growing economy with currency tied to EURO
• Attractive Return on Investment rates in the real estate sector - on average 18%.
• Machine readable passport regulations