European Property News - Real Estate Developments in Europe - Property for sale - Market Conditions - Industry Articles

Submit News (It's Free!)
TopPropertyNews.com
Headlines:
 
Latest News Articles:

Latest Online News:

A Different B2B - British to Bulgaria (property sales)


31 August 2010 - holprop.com news

Before 2009, it was estimated that more than 58,000 expats were living permanently in Bulgaria. The number was expected to increase dramatically in 2009, and virtually every village has a group of expats, mostly British. With a temperate climate, mountains and beaches, there is certainly ample reason to enjoy the relaxed lifestyle and all of the natural beauty. Beginning with the introduction of the currency board in 1997, Bulgaria began a course of improvement to become a politically stable country with an economy improving and developing quickly. British expats say that some prices are comparable or even higher than in Britain, but the cost of living is lower on average, as food, clothing, furniture and other staples are as much as 65% lower in cost than in Britain. Low property taxes are also a draw.

While there is a lifestyle for most everyone, from urban chic to rustic rural homes, virtually everyone in Bulgaria has access to telephone services, mobile phone coverage, high speed Internet and cable TV. There are train and bus services to transport people from the smaller villages to the more urban centers with more amenities like shopping centers, hospitals and schools. Investment in Bulgarian real estate is growing, as there are preferential conditions and guarantees offered to foreign investors. Bulgarian property prices are still lower than most other European tourism destinations as well. The Bulgarian Constitution and legislation guarantee that either foreign persons or companies can invest in Bulgarian real estate personally or as a local legal entity.

While a person can purchase a home, villa or flat, including limited ownership rights, they cannot own land. However, setting up a company based in Bulgaria to own the property allows the ownership of the land as well. Using a Bulgarian attorney, setting up a company is not expensive and quite easy to do. There are other ways, such as a joint venture with a local company, or acquiring an existing company.

The Bulgarian government has taken the stance that foreign investment is good for the future of the country. In trying to attract foreign investment in the economy, the rules for real estate investment have been made quite favorable. With more expat residents every year, it would seem to be worth an investigation into the merits of investment in the Bulgarian economy, and in Bulgarian real estate especially.


By www.holprop.com (September 1, 2010)
Bulgaria Property | Bulgaria Holiday rentals | Bulgaria Lettings

 

 

Syndicate:
RSS Feed

Holprop.com :
Other Articles »
Rating : by 0 users
Rate or leave comment

Comments:

Related Articles :

  • What Looked Great in 2007 Pales by 2010 for Bulgaria Real Estate. (11 January 2010)
    The anticipation leading up to the entry of Bulgaria into the European Union in 2007, and the actual event, led to speculation by global real estate investors that Bulgaria would be a market producing excellent investment yields for years into the future. Bulgaria real estate markets thrived between 2003 and 2007. Well, the future is here, and things didn't quite work out as planned. Kicking in at about the same time, the global financial crisis painted a decidedly different picture for real ...

  • "Under the Tuscan Sun" - The Movie That Spurs Investment (15 April 2010)
    The 2003 movie, "Under the Tuscan Sun" was all about a San Francisco writer, Frances Mayes, whose marriage ends, and she decides to tour Tuscany to get out of her writer's block. She falls in love with Tuscany, and buys a falling-down villa, hiring locals to rehabilitate it to its former glory. It's a great story, one you should watch if you haven't already, or if you're considering doing rehab investing in Italy. While UK investors have been less involved in the real estate markets of Ital...

  • Bargains to be Found as Bulgarian Property Prices Fall (13 January 2011)
    A part of the EU since 2007, Bulgaria balances old and new in an environment where ornate medieval churches, beautiful mosques and villages that have changed little over the centuries co-exist with the contemporary infrastructure of its cities and impressive sea and mountain resorts. From the snowy peaks of the Balkans and popular hiking trails to the inviting white sands on the Black Sea coast, this small country has a lot to offer. Health conscious and ecologically aware visitors are drawn to ...

  • Bulgaria – Still A Great Place To Invest (30 May 2011)
    One country more than any other, took it’s moment to step out of the shadow from the iron curtain during the last property boom and regain it’s own identity. Bulgaria offers rich character fused by thousands of years of both east and west influences, combined with a new found confidence in it’s own value as a beautiful country that can offer skiing, climbing, countryside and horse riding, alongside first class beach holidays, great food, wine and a rich seasonal climate, all he...


















  • Search News Articles :
    Disclaimer:
    The news articles on www.TopPropertyNews.com are provided for information purposes only and for redistribution to the public. www.TopPropertyNews.com does not accept any responsibility or liability for the content, all content is provided by the publisher or author.