In Bulgaria , property sales are steadily increasing. With the introduction of the Commercial Act, foreigners can buy property in Bulgaria . This has led to an increase in property transactions involving foreign parties.

 

Foreigners purchase property in Bulgaria for many reasons. Many people in the UK want to buy a holiday home in a sunny country with good weather. Then there are investors who plan to engage in commercial activities.

 

Recently, Bulgaria is also emerging as a prime tourist destination and is being seen as a more economical alternative to Spain , Greece or Portugal . So a spurt in property transactions can be seen in areas of tourist interest, such as the Black Sea area, near mountain resorts or on the banks of the Danube . Another recent trend is to buy property in Bulgaria for agriculture. Agricultural land can also be used to build golf courses.

 

There are still some restrictions on foreigners buying land in Bulgaria . Property sales, however, continue to increase despite the restrictions on individuals owning land. You will have to set up a company to buy land. This company has to be registered first and then it can buy land. You will be the sole proprietor of the company and the land. There are certain other regulations that your company will have to comply, which we will be happy to handle for you.

 

With the adoption of the currency board, the economy has stabilized. The current government has pledged to continue the prudent economic policies of the previous government. With the proposed integration with EU just round the corner, Bulgaria seems to be in a hurry to catch up with the rest of Europe .

 

If you are looking for Bulgaria property sales deals, get in touch with us and we will get you the best deals.