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In our site you will find useful information where you can search for thousands of offers for most attractive houses and apartments in Bulgaria, or how to sale them for a profit. When buying a house in Bulgaria You are buying it to let it out immediately to generate You a regular monthly income or to use it as a holiday home and hoping to sell it at a later stage when it has risen in value for example, or to use it all year long and just to retire in this beautiful country Bulgaria. A house in Bulgaria means different things to different people - it can mean an apartment on a new complex or can mean an old town or village house in need of restoration in Sofia or in Smolyan or Plachkovci, a romantic ski chalet in Pamporovo or a farm house miles away in rural Bulgaria. Your preferred property type will depend on your budget, investment objectives and location - it will also come down to your taste.
Do You want a house you can buy on your credit card? It is not as improbable as it sounds. Despite surging markets around the world, there are still places where you can pick up something habitable for the price of the average family car. Rural Bulgaria is a good place to start. A wide range of village houses from just £10,000. But be ready to do some renovation work – and don’t expect all facilities to be fast ready. Do you keen on a sea view or something in the mountains? You could get a house in Bulgaria for as little as £50,000 – but take all those predictions of instant profit with a pinch of salt, as oversupply may keep a lid on future price rises. Italians and Russians businessmen are ready to invest millions in constructions of houses to make them hotels and old small hotels in countryside towns and villages, because the rural tourism has great potential in Bulgaria. Businessmen from England, USA and Israel also intend to invest in SPA hotels and houses in regions with mineral springs and golf potentials. Five new hotels are being built at the moment and construction licences for another eight hotels have been issued. In the coming five years the region of Razlog and Bansko will have a 200 000-bed accommodation capacity, Dnevnik daily reported. This is the balance of the construction permits the two municipalities have issued. Seven golf complexes are on their way to completion in the region. Construction of two golf complexes has already started in the Betlovo district. The others will be situated in Dobrinishte, Banya, Predela districts and the future golf zone near Razlog. Investment intentions in the region and in houses in the region count hundreds of millions of euro. Investors in the future golf complexes and house complexes in the region expect to realize great profits in future. There is another great investment made in last several months, where the investors intend to build vacation house complexes for sale in Bulgaria. Thirty plots with total area of 260 acres in the region of Bosilkovo, Davidkovo, Zagrajden, Riben dol villages have been bought by a Bulgarian-Irish company. The contractors intend to invest more than BGN 100 million in the construction of summer houses and chalets for sale, spa centre and a small oil refinery to produce essential oils of thyme, juniper, raspberry, black currant. A couple of Bulgarian companies are also interested in building of resort complexes of houses for sale in Bulgaria in the region of Zagrajden village. The construction of holiday house complexes near the villages of Riben dol, Starnitsa and Glogino has also been considered.
In many ways, Bulgaria remains one of the most desired destinations on the Balkans. It is the site of extensive Black Sea package resorts and the source of several good wines. As with many little-known destinations, however, there's a great deal to discover here: much of Bulgaria is like an open-air museum of Balkan culture, with beautifully decorated churches, fine mosques, wonderfully preserved rustic villages, rural houses and a great deal of enduring folklore. The mountainous interior makes it one of the top hiking destinations of Europe, while over on the Black Sea coast, the white-sand beaches are just magnificent. Although quite a small country, Bulgaria has a whole range of attractions within its borders and can offer an unique combination of sunny seaside, beautiful mountains, lovely countryside, numerous mineral springs, and organic farmlands. Once you are away from the noisy towns and the bustle of the large seaside resorts you will find yourself drifting back to the country's centuries old way of life. Buying out houses in deserted Bulgarian villages is the latest hit among foreigners that want to invest in Bulgaria. Estates in the Rhodope Mountains are the most sought after. Investors look for ancient houses in Bulgaria with the typical Rhodopean architecture. Eccentric rich men buy them because of the calmness, remoteness and the romantic atmosphere of the Bulgarian countryside. The interest of Britons and Scandinavians to local villages and rural Bulgarian houses has begun to grow since the autumn of 2006. Several deals have been sealed already for a couple of very attractive estates. Specialists expect a real expansion of the market segment in the spring of 2007. Local businessmen also start to buy complexes of several houses in Bulgaria for sale and begin to renovate them preserving, however, the interior and the authentic furnishing. After that they sell the houses at a substantial profit. Houses situated near the Bulgarian ski resort of Pamporovo are the most attractive.
According to the British "Independent", the interest in Bulgaria is reasonable, because of the fast and big growth of the Bulgarian economy during 2006 year - 5%, that is supposed to continue next several years. "Independent" pointed out that the prices of the houses for sale in Bulgaria are cheaper not only in comparison with other socialistic countries, but compare to these ones in Czech Republic they are one third of them. The real estate market in Bulgaria is well developed now and this growth is expected to continue until the prices in Bulgaria reach these ones in the rest European countries.
So if you decide to buy a house in Bulgaria for a vacation home or for all year living in, it is not still late, because everybody can still afford to buy a house in Bulgaria – there is a great variety of rural locations, and houses are still not expensive. Houses for sale with land or plots of land for building or resale are the preferred option for people who don’t have a lot of money but wish to buy a property abroad, for young people who cannot climb on the mortgage ladder in their countries of residence, for people who wish to move to live abroad, for people who want to try with a smaller investment, and for people who already own a house in Bulgaria. It is strongly recommended that people, who buy apartments for investment, also buy a rural house to diversify their investment as it will be an additional investment for about one tenth of the amount spent on an apartment. Rural houses with gardens are still very cheap. People who bought houses for sale a few years ago for between 5,000 and 15,000 Euros have now sold them for 25,000 Euros or even up to 70,000 Euros depending on the location and the renovations made, achieving a tremendous return on their cheap investment. This proves that investments in houses are also profitable and they can generate an excellent rate of return. The resale procedure is very simple and straight forward and there are no restrictions to taking money out of the country. The expectations for huge price increases have appeared to be absolutely correct and it is important to say that it is not oo late to invest in and buy a house in Bulgaria as rural properties and land or even not so cheap properties as apartments. The expected returns are of about 15-20% per year or even more. So, together with the option for holiday home or permanent living, buying a rural house in Bulgaria for future resale is also very tempting. It is not compulsory to make any renovations to the house except if it is dangerously falling down. It can be kept as it is and resold in a few years. The big interest in buying a house with garden and plot of land in Bulgaria is being driven by three major factors:
For 5 or 6 years now, there have been tens of thousands of foreign people who have bought houses in Bulgaria – the largest investments coming from the UK, Holland, Russia, Austria, Poland, Germany, the rest of the European countries and even the USA and Japan. There are many examples of foreign people who have already moved to live in Bulgaria and search for a rural house in Bulgaria for sale. They varied from young families with children to retired people who wish to start their new lives. All of them started with the same idea, to visit Bulgaria and buy a house in an unknown country, to see how things would work out, and to invest their spare money at the same time.
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