Showing posts with label Property. Show all posts
Showing posts with label Property. Show all posts

Friday, April 22, 2011

Why Buy Property in Portugal?

Buyers considering buying property in France and Spain need to also take a good look at Portugal. The real estate market in Portugal has been quietly booming and remains a good strong place to invest in property abroad. For those who are seeking Golf property Portugal is second to none. The future is bright for Portuguese real estate as the economy grows and direct inward investment in the property market increases. So why else buy property in Portugal?





Portuguese investment property.





Portugal remains of consistent interest to overseas property investors, those seeking a home for retirement and second home buyer's .Despite strong competition from areas such as France and Spain along with emerging markets such as Bulgaria and Croatia .Portugal is particularly attractive for buyers from the UK. The country's south coast is one of the most popular with luxury resorts; Algarve area is a firm favourite and provides steady performance for buy-to-let investors.





Portugal is truly accessible.





Portugal ideal for investment as it is very easy to get to & good communications are top class. All investors know that the best overseas property destinations are the ones that are accessible. Portugal is one such region it has a National Airline called 'TAP Air Portugal' whose numerous flights fly to Portugal from most cities in Europe. Portugal benefits from several airports. The main airports are Lisbon Faro and Porto





Growing economy.





A strong stable economy backed by EU investment is giving Portugal a property market that has been quietly growing Portugal an ideal place to invest in property. Some locations in Portugal are producing wealth for property owners from capital growth and rental yields said to be up to 10%.The ever strengthening economy is backed by EU funding and strong inward investment from tourism and international investors. Portuguese property prices have risen modestly in the past 18 months and the Algarve tends to have the largest capital increases. Portugal has a good infrastructure which has been progressively modernized.





Tax made easy in Portugal.





Portugal still remains a place where the tax planners can thrive. It is still possible to buy property in Portugal using offshore companies. This can help secure significant tax advantages those investing in Portugal, resident or not, can very often legally circumvent capital and transfer taxes





Sunny Climate.





Summers are hot and dry throughout Portugal, particularly in the Algarve, which experiences very little rain. Portugal benefits from cool sea breezes in the long hot summers. Winters vary depending in which region you in however Golfers still make for the Portuguese shores all year round.





Top location The Algarve Portugal.





With over 30 top golf courses The Algarve is attracting the big spending Golfing community. The Algarve benefits from sand beaches, scuba diving, waterskiing, sailing, tennis centres, equestrian centres, casinos, Michelin star restaurants, marinas Good health care, private clinics and lots more! Keeping your cool buying abroad





My tips for buying overseas.





Don't rush. Get familiar with the location and the type of properties you're considering. Research the residency rules for non nationals. Know the people and the lifestyle. Get advice from a reliable source. Select a reputable local lawyer. Use respected real estate agents. Don't let yourself be pressured by a pushy salesman. Independent advice is the best advice. Consider your exit plans

Tuesday, January 11, 2011

France- The Safest Place In The World To Buy Property

It has recently been announced that 30,000 homes are due to be torn down in Spain this year as they have been classed as illegal developments with insufficient or incorrect documentation or simply without planning permission. This sort of thing may come as no surprise to many of you who have been reading the papers over the last few years where cases such as these have been well documented. This is in addition to other problems in Spain such as the "land grab" scenario by local authorities in Valencia where hundreds of home owners have ended up losing their homes which many have their life savings locked up in. Now it seems that this type of thing is now happening in other newly "fashionable" cheap countries which promoted cheap investments with seemingly incredible projected capital growth prospects such as Bulgaria. The OPP magazine recently discovered that 200 developments in Bulgaria have now been torn down in just the 1st 6 months of 2006 for very similar reasons to the properties in Spain- namely insufficient planning permission. This type of rogue developing and false selling is not only a financial disaster for the poor individuals who spent vast amounts of money on their properties in these countries but is also incredibly emotionally draining for them, many of whom have based their pension plans on the capital growth of these properties or are in fact already retired and may be planning to live there.

Unlike any other country in the world the French have a fascination with paperwork, contracts and the rule of the law and although this can be seen as a hassle at the time to comply with all their regulations and complete all the necessary paperwork it does in fact protect the purchaser to the extent not found any where else. Vast numbers of developments being torn down by mis-selling and illegal construction activity by developers in France is simply unheard of and therefore makes it the safest place to buy property. It is therefore an excellent location to invest as it provides very reasonable capital growth with a steady rental and resale market. Some Bulgarian developers have been boasting capital growth of 20% per annum in some areas but with no way of verifying their statistics can these figures really be relied upon and will the property actually still be there in a couple of years? On the other hand capital growth in France was over 10% in 2005 which coupled with its very low deposits and ease of mortgage application makes it a highly rewarding and yet sensible place to invest.

Of course there is still the choice of where in France is the best place to purchase and from whom. For property hunters who can often be bombarded by developments from every location it is hard to distinguish which are the savvy investments and which are not so savvy. Leapfrog properties works with only the most reputable and established developers in France and has nearly 150 developments to choose from placing it in a unique position where its consultants can give totally unbiased advice on where and what to buy. They can advise on which are the areas currently performing the best but also on where future growth is predicted and whereabouts in France the best deals are to be had.

Wednesday, December 29, 2010

Global Property Hotspots

Property can make you big money but how do you know which are the best places to buy? Our global property guide picks out the top property hotspots.

We buy property for many different reasons - traditionally, of course, we tended to buy houses to act as homes. They were purely places where we'd live - we often expected to spend our entire lives in one house.

Times have changed. Property is now seen as a great investment - we can buy property with the expectation of it rising in value. Many of us can now dream of owning our own property portfolio, whether at home or abroad. Indeed, we can also dream of buying a second home or a holiday home overseas.

In this article we take a look at some property hotspots - locations where the housing market has performed strongly and that would also allow you to enjoy a great lifestyle.

Our first choice might surprise some. We think that Bulgaria offers some great potential returns on investment, with house prices having almost doubled in some areas in the last five years. Many speculators are looking to the Black Sea resorts to buy excellent properties, while the ski resorts (such as Bansko) offer some great rental returns.

As Bulgaria's economy has been developing, it's links with the rest of Europe have also improved. Bulgaria was recently given admission to the European Union and also benefits from some vastly improved transport links, including cheap flights to some leading western European cities.

Our second choice as a property hotspot is maybe less surprising - the United Kingdom. The UK's property market continues to defy many experts, with property prices rising at an annual rate of approximately 10%. Although London prices are now extremely high (possibly too high for many US investors given the relative strength of the dollar) there are plenty of investment opportunities close to the capital.

Some leading areas are Basingstoke, Woking, Winchester, Salisbury, Oxford and the commuter towns of Essex.

With a highly developed and regulated property market (relatively speaking), the UK does offer some great investment opportunities for overseas investors.

For those wishing to take a bigger risk with their property investment (in the hope of seeing higher returns), the developing market of Brazil offers some opportunities. Though the housing market is in its relatively early stages, Brazil does have some great benefits, including a very appealing climate and some low-level entry prices. It may offer a particular gap in the investment market for American investors, given their close proximity to Brazil when compared to Europeans.

We hope we've given you a taster of some of the world's leading property opportunities. Good luck with your future investments.

Tuesday, December 14, 2010

Where is the Best Place to Buy Investment Property? - The Best Locations Revealed!

If you are interested in buying investment property, then you are probably interested in earning as much as you can from your investment. This article answers the question, "where is the best place to buy investment property?"

There are so many places that are touted as being the next property hot spot or the next big thing that is going to take the property World by storm, that it can be confusing for the property investor to diffuse all the junk from the real facts.

Over the last 5 years, places such as Bulgaria, Dubai and Romania have emerged as solid places to buy property, that have experienced good capital growth.

Some of the best bargains in recent years have come from countries that have not yet found economic stability. They have been in the middle of a transition or some other huge change. Many have seen governments overthrown or leaders die. Events such as these can often herald the start of a new era in the countries development.

India has been a solid place to invest for years and still continues to be so. If you are thinking about investing in Indian real estate, you will have to decide on whether to go for somewhere like Goa or Delhi, both have strengths and weaknesses. The only way you can make the decision is by being clear on what your goals are and why you want to invest in the first place.

Slovak, Poland, and Czech Republic and are also getting increasing interest from property investors; however, with many of the people from these countries choosing to move abroad you have to ask yourself whether buying there is a good long-term decision. If people continue to emigrate at the rate they have been, in 6 years time are you going to be having problems finding tenants?

If you are still wondering where the best place to buy investment property is then property in Morocco might be what you are looking for. This isn't just because it is economically sound it is also because the king is actively investing, promoting and developing the country and he is actively seeking more investment from foreigners where as certain other countries discourage it.

Somewhere like Spain has lost some of its appeal, largely because of the price; however, Morocco is just a few miles away from Spain and enjoys the same type of weather and the prices of property are a fraction of what they are in Spain.

The one thing that is crucial to you deciding where to buy investment property is first to come up with reasons why you want to buy it, and to establish what your criteria for buying it will be; for example, is capital growth the most important thing or rental yield?

Without first finding the answers to these questions you might never really find the best place for you to buy property since what is someone else's property hot spot, might not be a hot spot for you.

Sunday, October 10, 2010

Places in Croatia Where You Can Buy Property

Croatia is a beautiful country and it is also a destination that is slowly becoming popular as one of the real estate hotspots. So where can you buy real estate properties in this country? Here are some suggestions:

• Dubrovnik- If you wish to own a property in a place where you will find the rugged beauty of the country then this is a destination that you can consider. Located in the Dalmatian coast, this place is often referred to as the 'cocktail of sun, scenery and culture'. The summers are dry and warm and as such, Dubrovnik makes a perfect place where you can buy a second home.
• Istria: It is the southern most country of Croatia and it is also the biggest Adriatic peninsula. Beautiful beaches are found in plenty in this region and this is one of the most important reasons why tourists come to Istria when they are visiting the country. It is also a place where you can consider buying a real estate property in.
• Dalmatia Islands: There are more than one thousand islands in the Dalmatia region and most of these are untouched. One can get to these islands by ferry or domestic flight from Split. If you are thinking about investing in Croatia, then the islands you should consider investing are Vis, Hvar and Brac.
• Zagreb: It is the capital city of Croatia and it has been acting as the political and cultural location for the country ever since the Middle Ages. In the 19th century, this city developed drastically and there are many buildings here dating back to the Austro-Hungarian Empire that are being preserved. If a property is what you are planning to buy in this country, then you can consider investing in its capital city.
• Middle Dalmatia: Home to the largest national park in the country, Middle Dalmatia is another region where you can consider buying a property in. It is a region that is popular for its waterfalls and it is also a popular tourist destination.
• Split: Last but not the least; Split is another city where you can buy a second home in. This is the second biggest city in the country with an old town and a modern harbor.

These are some of the locations in Croatia that will be good for investment purpose so if you have decided to invest your money in the real estate property in this country, you can consider these locations.

Friday, August 27, 2010

Bulgarian Property - Market Update 26 Jan 2006

UK Investors Snap up Properties in Bulgarian Resorts

The Times in London writes that Bulgaria is now one of the top destinations for ski properties due to factors such as the low property prices and inexpensive ski passes.

"During the summer this sparsely populated, largely rural country offers a wealth of activities such as hiking, fishing and mountain biking, as well as the fabulous beaches of the Black Sea coast. The numerous historic towns, unspoilt villages, castles and churches are also waiting to be explored."

Properties in the popular ski resorts can earn up to 12% rental return according to property investment firm Assetz. This return is potentially double that of coastal properties due to their all year-round attraction.

The number of UK holidaymaker visiting Bulgaria increased by a staggering 36% in the past year. This has lead to an influx of travel companies as the country is now establishing itself as a true holiday hotspot.

UK Househunters "Tempted" by Bulgaria, Turkey

Rather than buying a farmhouse in France or an apartment on the Costa Del Sol, the Daily Telegraph reports that British investors are now tempted to buy properties in Bulgaria and Turkey.

A key factor in determining the new location in which to invest is price and investors have been experiencing enormous returns. For example, a large one-bedroom flat in Ravda, 10 minutes from the Black Sea resort of Sunny Beach purchased two and a half years ago for just under 20,000 pounds fully furnished, would now cost 45,000 pounds.

Marc Todd of Dosop, an international property company based in West London, raises the corcern that some of overdevelopment in the big resorts such as Sunny Beach and suggests that there is a large supply of less desireable properties coming on the market.

This has led to the announcement that construction permits for new developments in Black Sea coastal areas will be issued only of the required infrastructure has been built.

Low-Cost Wizz Air Launches New Routes from Sofia, Burgas

On May 1 2006 low cost carrier Wizz Air will launch flights from Sofia and the coastal city of Burgas to London. They have also announced that flights from Burgas to Budapest will commence on June 15 2006.

A promotional offer has begun with ticket prices set at up to EUR 26.99 (airport fees included). The offer is open to bookings made from February 1 -14, 2006.

Wizz Air has also recently announced the launch of services from Split (Croatia) and Ljubljana (Slovenia) and increased frequency of the Zagreb-London (Luton) flights.

Wizz Air, the first no-frills carrier to enter the Bulgarian market, has carried 17,000 passengers since it started flights from the Bulgarian capital at the end of September 2005.

Wednesday, July 7, 2010

2007 Real Estate Property Investment Prediction Series

2006 has been an exciting year for real estate speculation in many of the world's emerging nations with a good few pleasing surprises emerging from some of the more established countries in the world as well.

Furthermore, as more people become aware of the attraction of real estate as an investment commodity and as an alternative to pension planning for example, so an increasing number of property investors have been born in 2006.

So, in 2006 profits have been made by many investors and these people have reaped the financial rewards of their efforts - but still, don't we all wish that we could see into the future and be able to second guess governments and policy makers' decisions that could affect the economy of a nation or its overall attraction for a property investor?

What if we'd all had a crystal ball that foretold London winning the 2012 Olympic Games Bid - prior to the decision we could all have bought properties in the run down areas of the city that are now benefiting from millions and millions of pounds worth of regeneration investment and we could have made ourselves property millionaires overnight!

Well, the good news is that the forthcoming 25 part 2007 Real Estate Property Investment Prediction Series will offer property investors and potential real estate speculators insight into the likely 2007 residential and commercial property market movements in Australia, Bahrain, Belize, Bulgaria, Canada, Costa Rica, Croatia, Czech Republic, Dubai, Egypt, Estonia, Ghana, Latvia, Malaysia, Malta, Mexico, Montenegro, Morocco, New Zealand, Northern Cyprus, Poland, Romania, Thailand, Turkey and Ukraine.

Each of the single nation focused reports in the 25 part series will cover everything from developments affecting the foreign freehold ownership of real estate in each given country, it will highlight relevant recent, current and future expected or forecast political, economic and social developments likely to affect the attraction of a country's residential and commercial property markets and specific advice will then be given relating to factors likely to create property investment hotspots on a country by country basis.

Finally, each of the 25 reports in the 2007 Real Estate Property Investment Prediction Series to be published throughout December will give speculators, investors and interested readers an overview of the property investment potential of each country meaning that each report is applicable even for an investor at the initial stages of their research into the viability of a given country for their own personal real estate property investment objectives.

Friday, July 2, 2010

Skiing Brits Find Eastern Property Promise In Bulgaria

Bulgaria is cementing its lead as an investment property hotspot for skiers and snowboarders looking to own a slice of the slopes. The country's recent accession in the EU, together with the low prices and plentiful property facilitated by the building boom, are leading many British skiers and snowboarders to leapfrog their traditional favourite ski spots in France, Switzerland and Austria, in favour of Bulgaria's more modestly priced mountains.

The boom in property development in Bulgaria's best resorts have meant that brand new ski apartments can be snapped up for less than £30K. These low prices, combined with the preventive costs of getting on to the British property ladder, means that many young buyers are choosing Bulgaria for either investment property, a holiday home or a way of generating some extra income through rental returns.

As Bulgaria's premier ski resort, with the best snow record and longest ski season (mid December to mid may), Bansko has become the most popular location for British property investors to purchase. Previously perceived by some as being a budget ski destination, the $40 million investment in Bansko mean that in terms of size and facilities, the resort is now competing with other more established favourites in Western Europe.

However, it's not just Bansko that's big with the Brits; other prominent ski areas such as Borovetz and Pamporovo are also attracting interest. Borovets is Bulgaria's oldest ski resort which dates back to 1896 and offers pistes up to 2600m above sea level. Pamporovo's claim to fame comes in the form of its weather, and it's said to be the sunniest ski resort in Bulgaria.

There are also around a dozen other less well known ski areas in the country, such as Vitosha, Semkovo and Uzana, which are currently more geared towards local weekend skiers rather than the international snow sports market, but these are likely to grow in size in the coming years. The new development around Razlog is getting property investors excited as it will be combining a ski area with an 18 hole PGA golf course just 4km from Bansko, and is likely to attract a lot of interest from British buyers.

Though other European nationals have showed interest in buying property in Bulgaria, the British are leading the charge with an estimated 40,000 Britons now owning property in the country. And it's not just snow seekers who are looking to buy; the Black Sea beach resorts are also attracting adventurous Brits searching for a Bulgarian property investment with a healthy dose of sun and sea; the most popular places to buy are around the Varna area, in towns such as Kavarna and Albena Beach.

As Bulgaria's economy and infrastructure continues to develop, it's likely that it will grow even more popular with the property buying Brits - after all, when you can buy a plush ski apartment, town penthouse or beach villa in Bulgaria for the same price as a conservatory in Britain, it's not surprising that many are heading to the country in search of eastern property promise.

Sunday, June 20, 2010

Bulgarian Property - Market Update 17 March 2006

Brits moving permanently to Bulgaria

It has been reported that many Brits are falling for Bulgaria 's charms with a growing number choosing to move there permanently. In recent years investment has been the main driving force behind the number of Brits buying property in the country but many have decided to buy and live outside the Sunny Beach area and a few miles inland as well as other village areas around the country.

There are a number of factors for those choosing to move but the low cost of living and the seemingly peaceful surrounds are the most likely reasons so many Brits are making the move. Many have also been able to rent out there properties back in the UK , and live very comfortably off the rental income in Bulgaria .

As more companies relocate to Bulgaria to take advantage of the low wages and to strategically place themselves for the countries' expected accession to the EU in 2007, many British employees are expected to relocate with their employers. Tourist areas have seen recent year-on-year growth of between 25% up to as much as 100% however those opting to live in to move permanently prefer to be based inland.

Many Brits are buying around the Veliko Turnovo region with home prices starting as low as GBP 10,000. There are still cheaper homes available however many will require additional funds to provide for renovations. The move is been made by both retirees who find they can make their pension stretch a lot further and younger people looking for new business opportunities and finding it difficult to get on the property ladder in the UK.

EU Final word on Bulgaria to be known soon

Oli Rehn, European Enlargement Commissioner is soon expected to present his report on Bulgaria Romania's accession to the EU in January 2007. It is generally believed that the planned memberships will go ahead however the accession treaty does contain a safeguard clause allowing membership to be postponed by one year if further reforms in each country are deemed necessary.

Saturday, May 22, 2010

Overseas Property and the Truth About Renting Your Holiday Home

Overseas property

The excitement of owning an overseas property can turn usually cautious individuals into ones that are prepared to sacrifice their common sense. Risks that they would not entertain in their own country are being made every day by some overseas property buyers. The thought of losing the home of their dreams and confusion about the buying process has some buyers signing contracts in a language they do not even understand. Some are not taking advice from qualified solicitors or other independent professionals. Others throw their complete trust into real estate agents who have a vested interest in selling them a home. They also believe wildly exaggerated forecasts on rental returns to help them feel secure about the purchase of their holiday homes.

The truth about renting

The rental income you can achieve on letting your holiday home is all about location and the type of property. Long term rentals can be heaven sent, having a person willing to rent on a long term basis will reduce the likelyhood of having a bad tenant. It will also serve to reduce your stress in finding new people willing to rent your home. Best of all long term rentals are great for your financial planning. Short term rentals can be higher especially in holiday seasons. The perfect holiday home would be a property that was attractive to both types of tenants. Many city apartments are good examples of this and present a win win situation to the overseas property buyer. Areas in France, Spain and Portugal for example really lend themselves to both rental markets. Recently Bulgaria has attracted overseas property buyers who can let to both summer holidaymakers and to the winter skiing fraternity.

Do your own research act like a tenant

It is important to do your own research when assessing the rental value of a property abroad. Put yourself in the position of a tenant or holidaymaker. Conduct local research matching your requirements to the property you own or intend to buy. Rental markets like house prices have peaks and troughs and will have periods in the year when demand may outstrip supply. Know when these periods occur for your rental property. Holiday homes are particularly vulnerable to off and high peak pricing. You will need to compare like for like to get it just right for your property.

Furnishing your property abroad

Many buyers forget about the cost of buying furniture and do not even consider the local laws regarding furniture, electrical items, fire safety and gas appliance safety. In your own country these areas have strict regulation and it is probably the same in the region you intend to buy. Owners need to know what the exact situation is regarding local regulations to avoid disastrous mistakes.

Have a budget

Owners need to have budget for unexpected costs for repairs and general maintenance. An advertising budget should be set along with a marketing strategy to let your home fast. Good marketing could save you thousands in lost revenue from your overseas property.

Decide when you are going to use your holiday home

Many buyers intend to let the home to holidaymakers and also spend time in the property themselves. This creates a conflict as the best time to visit your holiday home abroad may be the time you can make the most money from your overseas property investment. This will be for you to decide.

Renting a holiday home can be the best thing you ever did. Overseas property buyers are winning not only on owning a holiday home they can use, but also the fact that efficient renting can pay for their investment.

Copyright 2006 Nicholas Marr

Tuesday, May 18, 2010

Is Bulgaria the Best Property Investment in Europe?

A couple of decades ago, French property was the top choice for people investing their money; old farmhouses, rustic mountain chalets and slick inner-city pads could be picked up for a reasonable price and the market was growing. As the prices rose, the opportunities for buying low and selling high became fewer and further between, and investors began looking to Spain where the boom in package holidays to the Mediterranean coast meant apartments were being built everywhere and rental potential was high.

Now the Spanish property market has also matured and investors have had to look further afield to find places where money could be made. One of the biggest influencing factors to have occurred over the last decade is the expansion of the EU. This has meant that many countries that previously were a minefield of legal barriers and red tape are now much more open to foreign investors.

The fact that several of the new EU states have already, or soon will be adopting the Euro, has also facilitated property investment, as well as sending out a signal to investors saying that these countries are stable places to invest. The eastern expansion has mean that many exciting opportunities for investors have appeared, and there has been a lot of interest in Slovakia, Poland and the Czech Republic; but by far the most attractive country for property buyers has been Bulgaria.

Perhaps one of the greatest attractions for property investors in Bulgaria is the huge choice of real estate to invest in. Those looking for an inner city purchase will find Bulgaria's vibrant capital Sofia, an ideal place to invest, but it has been the ski resorts and beach destinations that have been the biggest draw.

Bansko is Bulgaria's leading ski resort, with the longest slopes in the country and the best snowfall records. The development of state-of-the-art lift systems, combined with a rustic old town with meandering cobbled streets have raised Bansko's profile and put it on the international ski map, making it a very popular choice with investors and meaning most new developments sell out long before completion. Beach-side developments along the Black Sea coast are in similar demand, due to the golden sands, clean and safe water and excellent value property.

However, nothing lasts forever and like France, Spain and countless other property hotspots, Bulgaria's time will come and go; but for now, this Balkan country is being touted as the best property investment in Europe, so get in there while you still can.

Sunday, May 16, 2010

Property in Bulgaria - Huge Investment Potential

Bulgaria is a truly magnificent country, located in Eastern Europe with an amazing coastline that stretches over 340km along the Black Sea, with a backdrop of one of the world's most magnificent mountain ranges and the beautiful and historic capital city of Sofia.

Today Bulgaria not only offers one of Europe's most attractive and unspoilt holiday destinations it is also host to what will be one of the most dynamic and as of yet relatively untapped property and real estate markets.

Bulgaria has been invited into the EU and it is almost certain that full membership will start in 2007 creating yet another huge surge in the Bulgarian property market. If you're looking for an excellent investment or a home in the sun then Bulgaria may be a perfect choice for you.

Getting to Bulgaria

If you live in the UK travel to Bulgaria over the past few years has become ever easier. Currently there are a range of direct flights from UK airports flying directly to Sofia in 2.5 hrs. The flights are run by the low cost operators and are priced extremely competitively.

Foreign Ownership of Bulgarian Property

The current property laws may at first seem a little confusing with a ban on foreign ownership of land but an OK to own buildings! Before you start to worry about needing helium filled balloons to hang you property from avoiding the need for any land, there is a solution.

The solution to current property laws in Bulgaria

It is possible to by land via Bulgarian company incorporation. Currently incorporation costs approximately 650.00 GBP. Also other points to note are as Bulgaria prepares to become a full EU member in 2007 it will begin to harmonise its property laws with the EU and also if you decide to by a new property off plan then you will not require company incorporation.

Property prices in Bulgaria

Older properties and especially those in need of restoration seem to have quite a varied pricing structure and if this is what you want then the best bet is to fly over, get your haggling skills up to scratch and you should get a bargain. New off plan costs currently start at around 20,000.00 GBP for a small studio apartment to 120,000.00 for a large luxury 3 bed apartment with best views, facilities and build standards. Chances are that prices will rise significantly between now and 2007, therefore if you're serious about Bulgaria there's no time to loose if you want the best from your investment.

Be quick but don't rush

Acting quickly to get the best property investments is one thing, not taking the time to get full legal advice and understanding of every aspect of the contracts you sign is another. I would always advise you to be careful when purchasing abroad, make sure that you fully understand contract details, payment details and land ownership. If contracts are produced in a language that you don't understand then insist on getting them translated before signing. Buying overseas can be an exciting and profitable experience by taking your time to understand the buying process you will ensure that your property purchase in Bulgaria is a happy and enjoyable experience.