There are several reasons why you may want to consider purchasing a home in Bulgaria, including the great currency exchange rate, the availability of quality property, and the overall affordability of homes in the country. Here's some more information on why a home in Bulgaria may be the right choice for you, no matter what you're reasons are for purchasing a house there. One of the reasons why potential home buyers have been looking at Bulgaria as a place for house purchase is the growing tourism the country has experienced in the last few years. There is also a considerably low taxation rate in Bulgaria, so home buyers won't have to worry about paying hundreds or even thousands of dollars for property taxes that may not be worth it. There are also a number of wonderful areas that you'll want to visit or consider purchasing once you're in Bulgaria.
It's definitely recommended that you visit the country first to get a first-hand look at the real estate there, even if you're purchasing from another country. While the Internet and photos will indeed help, making a major purchase like this requires careful consideration, and Bulgaria is a wonderful place to vacation while you're doing business. Many of the homes in Bulgaria that are for sale are along the Black Sea coast, which is a wonderful tourist area filled with beaches, resorts, and beautiful homes and commercial properties. And, while it is perfectly fine for a foreigner to own a house or building in Bulgaria, foreigners are not allowed to own land there, unless the foreign individual or company registers a company in Bulgaria that already owns the land.
So, if you are considering purchasing land for your home in Bulgaria, you'll definitely want to talk the specifics of this procedure over with your real estate agent before your new house is built.
Surrinder Ahitan's website Bulgarian Property Advice provides detailed information and advice on the most lucrative areas to invest in Bulgaria. You will learn how to get around, get a flavor of the language, history, culture and more.
