International Property Forum / Investment Hotspots / Bulgarian Property Forum

A house in Bulgaria

tricky — Fri, 17 Nov 2006 12:39:56 GMT

I would like to purchase a 2 bedroom house in Bulgaria and i'm thinking of a village about 15-20 km from the sea (Varna region). My budget is about 50 000 Euro. I'm not very acquainted with the buying process all i know is that i have to set up a Bulgarian company. Can someone recommend me an estate agency to help me with the company and the purchace? Any information will be helpful for me.
Thank you in advance

Rousse In Bulgaria

indesec1 — Tue, 06 Feb 2007 09:12:12 GMT

Hi

Just thought I would share my experiences in Bulgaria, to any Mods that read this I hope I don`t overstep the mark by Blatant advertising, If I do my apologies.

My Experiences really began in September 2005 when on holiday in Portugal at a Villa. My son and his girlfriend came over and during a conversation about next years holidays Bulgaria was mentioned. I listened to what were said, asked questions, Then on Xmas day over Dinner informed my family that next year I would buy in Bulgaria. They smiled, asked me to pass the cranberry sauce etc then moved on.

By the 5th of January 2006 I had bought my first property Sight unseen, and by the 10th of January My second, and on the 14th of February 2006 arrived in Bulgaria.

My intention was to buy a house for my family, primarily my children so we could holiday somewhere new when ever the mood took us.

My first house was an impulse buy in Pleven, which was never completed due to the agents trying to sell me an house with 2 owners, one in Canada that immediately wanted triple the price. My second one was in Ruse (Rousse). This was bought with more of a business reason. There are plans for Ruse (Because of its bridge) that will make the growth of this beautiful city very fast over the next 2 years.

On my second trip there was no hotel booked for me, and trying to reserve a room somewhere by telephone en-route was a little worrying. I asked how many hotels Ruse had and was informed at that time there were 8. This seemed very low, considering the new European highway will lead there, and the fact a new multi-million pound customs clearing port will be built there, This massive influx of people, Jobs, Money etc will mean very large growth and mean that many people will need the accommodation that at that time Ruse was unable to offer, So? Now all my plans and thoughts changed.

There are also other issues that made me realise from a business point of view that this was the place to be.

Ruse will begin using the Danube for container shipping, making imports cheaper and faster, Renault has just bought the largest factory there to make car parts. Coupled with the fact that Ruse is known as Little Vienna, Having been designed by an Austrian architect, Is very beautiful and safe this was now my base for a new business.

The drawbacks were Bulgarian agents. I know they are not all bad, but I was unlucky, the stunts they tried to pull were amazing, Lies, Deceits and downright stealing monies from the English, and possibly other nationalities.

So going back a little to lack of accommodations my plans began, there was an obvious lack of Hotels, so I now have one, albeit quite small, but fitted in perfectly of my 2nd plan of becoming an Independent British real estate agent. I now have a place where my clients can stay, My own offices, Staff that was carefully chosen and all the latest technologies (One agency who approached me had no car, no camera and just a mobile phone).

I have land where we are developing a campsite, Land where we are building a motel, I now have my own renovations team, a car hire company, a garden centre is in the plans, which will include landscaping and there are other projects we are considering.

I’m not mentioning all I have done for some form of praise, nor touting for business, simply to let others know that there is another choice within Bulgaria that has real potential away from the Black sea coast.

I wish everyone who tries Bulgaria the very best of luck, and if my experiences can help anyone I offer my advice and help free of charge, If you have worries or problems we will do our utmost to help, and in many cases can solve these problems for you.

I am proud of Being British, and even prouder of being English, and the fact that some people, and as said not all, blatantly overcharge for services etc means they have created an opportunity for me and my family to build a business that fills an obvious gap, Built on integrity and honesty and something that was created by me to one day give to my children.

Sorry for rattling on but I feel quite passionate about Bulgaria, and due to the fact that in one year, with only 20 weeks spent there in actual time, I wanted to sing the praises of a small city in Bulgaria that due to hard work and commitment has become a life changing experience for both me and my Children.

Best Regards

Steve

Apartment is Sofia. Is this good investment? What you think ?

cityoffountains — Fri, 09 Nov 2007 12:01:13 GMT

Do you think investment in Sofia is a good idea ?
In a new buildings or in old cheaper on ?

I bought house in Bulgaria

Keran — Wed, 28 May 2008 09:59:33 GMT

Hello everybody,
I just want to shear my happiness with you. We live in Germany. Me and my husband spent a few summers in Bulgaria, last time was in Albena. We’ve heard many people complaining, but we loved every holiday. That's why we decided to get a house. I was told by a colleague to look for a house away from the coast because they are cheaper. I was surprised how many houses and agencies and websites I found on the net, we didn't know where to start. We searched and searched, i think anyone who has gone through it knows what it's like. There were so many agencies that I started to forget which house was offered by which agent. And we had decided to move to Bulgaria eventually, so we didn't want to miss an offer. We were quite regularly in touch with the team from bulgarianhouse.com (I don't know if it's ok to say the site), they sent us offers for the money we had, so we didn't browse the site too much. That's why we decided to make arrangements with them at first. We had a few calls about the viewing trip and eventually visited Varna this February. They were very kind and helpful, made a hotel reservation, picked us from the airport, they made the drive around the houses real fun. Nothing that much at first sight, but we made a difference when we went to view with two other agents. Anyway, from all the houses we saw, we took one of those by BH. Now my husband and I will spent our holiday in our OWN house in Bulgaria and we can spend nice holiday there. My husband has a friend who is a solicitor, but honestly we didn't use much of his services. The whole purchase wasn’t long. It took just a month and half to sort everything. We completed last month and they helped us with the company and the deal, and arranged to get the windows changed. Now satisfied owners of a house, just a drive from the sea. I wish to all new buyers in Bulgaria our luck and to have our good experience. And I don’t want this to be like advertisement, just want to help to everybody who wants to get a house there.

holiday home caretaking, maintenance and airport pick up?

jonathon — Mon, 26 Mar 2007 16:45:40 GMT

I currently use http://www.hallbulgarianpropertyservices.com. they seem pretty good and they pick you up from airport, anyone know of any other caretaking services in Bulgaria?

Halls just seem pretty cheap I want to have a look see what the others change

A lovely house in Bulgaria!

Elena — Thu, 07 Feb 2008 21:12:04 GMT

Hi everyone,

I want to offer you a lovely house in Bulgaria.
The house is situated in a villiage called " Kalina", 25 km. away from the town of Kavarna( the rockmusic capital of Bulgaria).The villiage is 20 km. away from another town called "General Toshevo". The place is wonderful, nice and quite, the seaside is also very close.The house goes with a large yard - 2.5 decares, it is a a fruitgrowing region.
The foundation of the house is from a handmade stones - a very strong one.It consist of a 3 rooms ,lobby,and 2 additional rooms.The price of the house is 30 000 euro and its worth it.

Interested in renting rural house in Yambol?

jayorey — Thu, 26 Jul 2007 14:15:47 GMT

If anyones interested in renting a rural property i have just newly renovated a beautiful house in a lovely village. Its 15 minutes from Yambol town and an hour away from The blacksea coast. It sleeps 7 sharing and has 2 bedrooms , a huge bathroom, fully fitted kitchen with washing machine a livingroom with double bed settee. We can also arrange airport transfers with the property managment who will meet and greet you. We also have a 7 seater car fro rent at an extra charge. For availability and prices please see the site below for contact.

What is wrong with spain

nick griffin — Fri, 17 Nov 2006 15:21:05 GMT

I have read many of the posts on this forum and people are dashing to all corners of the globe into uncharted territory. What is wrong with buying property in the old favourites like spain and france? I read an article about new possibilities in these countries where towns are expanding their boundaries but the process has not yet been finalised. Here you can by what is non building land now which is designated for building land in the future. The article was in andalucia .com so it should be correct. Does anyone know any more about this as I would rather stick to countries with an established real estate sytem than buying in EMERGING countries with no track record and economic instability.

New release in Bulgaria

Andy Kelleher — Fri, 22 Sep 2006 18:29:41 GMT

Bulgaria has gone through a bit of a lean spell recently. Interest has waned a little since the appearance of alternative "emerging" markets, yet there are investment opportunities still available if you know where to look. On Monday (25th September), Platinum Developments will be launching the latest of their projects in Bansko - "Summit Lodge". Well located, good payment terms and expected to sell quickly, reservations at Summit Lodge can be done in "real time". Please register your interest via the forum, or by emailing info@propertyshowrooms.com with a daytime contact number for a call back on Monday.

FREE Online Magazine All About Bulgaria

DebbieL — Tue, 01 Aug 2006 12:36:06 GMT

This is a free online monthly mag all about BG, whether investor or holiday maker it has a lot of useful articles.

http://www.bulgariainfo-online.com

Cheers,
Debbie