Bulgaria Real Estate

In 2007 more than a half of the direct foreign investments were in Bulgaria real estate. The Bulgaria real estate sector for the last past two years counted a fast growth with a huge margin. The growth in Bulgaria real estate in 2007 was significant, where the investments in Bulgaria real estate sector increased 24% for 2007 comparatively.

If you are new to investing in Bulgaria real estate you may not know what a registered company is. A registered company is basically a business in Bulgaria that will own the title of your land. Many lawyers and or Bulgaria real estate agents will be able to help you with this part. The costs of registering a company may vary depending on what type of company you register. The usual cost are, a 5000 BGL deposit that is your companies liability, the cost of the company registration processing through a solicitor which can cost from 400 EUR all the way to 1000 EUR, and a state fee. You will also be required to submit annual accounts when you are through with the registration, so you may want to hire a local accountant, whose costs will vary. The entire process of registration usually takes about two weeks.

This strong international demand for property stock in Bulgaria real estate spiked the media's interest and once the media became interested and began promoting the perceived financial benefits of investing in Bulgaria real estate, property investor interest surged even more. Meeting this demand for investment property in Bulgaria real estate, keen property developer activity was evident, and also only few restrictions were in place. With only few regulations and restrictions in place to prevent over development, certain areas such as Sunny Beach in Bulgaria are now developed very well, and Bulgaria real estate property prices in these areas are very high. Luckily the Prices are in rest of has been not that expensive. Within next few years we all expect the prices to go up in Bulgaria real estate.