Easy Guide to Buying a Property in Bulgaria
Introduction
A former Soviet bloc state, for many years Bulgaria suffered from chronic under-investment and a very poor infrastructure.
That has all changed in recent years – Bulgaria’s admission to NATO in 2004 and to the EU in 2007 have served to kick-start the country’s economy and consequently its property market too.
Property investors and holiday home owners from all over Europe are discovering that Bulgaria has a lot to offer – from low property prices through to spectacular beaches and ski resorts.
Buying a property in Bulgaria is much easier than it once was and restrictions on foreign ownership of land are gradually being lifted now that the country has joined the EU.
It’s also getting easier and easier to get a mortgage in Bulgaria – although funding a property from the UK can still be a better option.