Situated in Southeastern Europe, located along the Black Sea linking Eastern and Western Europe, is a picturesque country that has existed for more than 13 centuries. Separated from the popular tourist countries in Europe, Bulgaria is often over looked by travelers; however it has a lot to offer anyone who does come to visit. A country as diverse as Bulgaria is an investment paradise at the present due to its quickly developing economy and unlimited options for tourists.
Bulgaria is such an attractive investment opportunity because it has something for everybody’s tastes and offers the investor and vacation homebuyer plenty of choices. Dozens of new developments are springing up along the beautiful Black Sea coastline and sunbathers from all over the world flock to Bulgaria for affordable beach getaways. Further inland, Bulgaria’s main ski resorts have become some of the most fashionable in Europe and in the world. Top quality ski chalets, hotels, and complexes are being built to facilitate the new influx of skiers, all at amazingly affordable prices. A ski chalet in the centre of Bulgaria’s ski resorts can be bought for a quarter of the price of a similar chalet in France or Italy. Finally, the natural beauty of Bulgaria’s mountain ranges and valleys has made it an appealing location for walking, cycling and adventure trips. From the cosmopolitan appeal of the Sofia, the countries capital, to the small villages of the Rhodope Mountains, Bulgaria has something to offer everyone at some of the most inexpensive prices in Europe.
Bulgaria has one of the most liberal foreign investment laws in the region regarding Bulgaria real estate and foreign investors; therefore buying real estate as a foreigner in Bulgaria is extremely easy. The one thing foreigners should be aware of about buying real estate in Bulgaria is that there are such terms as “tax estimation price” and “purchase price”. The “tax estimation price” is for the purposes of real estate taxation and is much lower than the actual selling (purchase) price. Most of the Bulgarian property owners wish that the “tax estimation price” is written in the title deed, and not the selling (asking) price which the buyers are paying, so due to this practice there might be discrepancies between the price you are paying and the price written in the title deed. This is for tax benefit purposes and actually benefits you in the end.
Bulgaria real estate prices are by far lower than other destinations in Europe but the estimated acceptance of Bulgaria in the European Union provides unprecedented growth potential that will certainly boost the prices of the Bulgaria real estate in the near future. According to US real estate agents, buying real estate in Bulgaria in the near future is one of the most profitable investments in the world right now.