House for Sale in Bulgaria

2008-09-09 16:05:04

( Real Estate )



Brief Background of Bulgaria

A former Eastern bloc country, Bulgaria reeled from severe unemployment levels after the collapse of communist rule in 1989, but has gradually recovered due to an open-minded attitude about business and property ownership. Bulgaria has been experiencing rapid economic growth in recent years, joining NATO in 2004 and the European Union in 2007.

The country itself is blessed with snow-capped alpine mountains and tranquil lakes that are perfect for trekking or skiing. It also shares borders with five other countries that also make great travel itineraries. The eastern part of Bulgaria touches the Black Sea and has numerous beach areas teeming with visitors. Bulgaria acts as a crossroads between three continents as well.

Real Property in Bulgaria

Real property in Bulgaria has recently attracted the attention of foreign buyers from other continents because the properties offer great value at incredibly low prices. Through the centuries, Bulgaria has managed to preserve most of its rural landscapes and communities. Recreational sites such as fishing spots and cool hillsides are just a few meters away from the homes for sale in Bulgaria.

You will be amazed at the very low prices of real property for sale in Bulgaria, compared to what the properties have to offer. A typical house for sale in Bulgaria is as low as under fifty thousand euros and yet have at least three to four bedrooms, two baths and huge property sizes of at about a thousand square meters. And for double the price, you can already get a four or five unit apartment or motel complex, which can generate income for you aside from being an idyllic place to live.

Most of these homes for sale in Bulgaria are located in rural areas or small villages, but they are close enough to big towns. The homes do have electricity, running water, and septic tanks. There are no phone connections in most, but this can be easily arranged.

Tips for Buyers of Real Property in Bulgaria

When you look for a house for sale in Bulgaria, do so with an inquiring mind and a critical eye for details. Featured ads on the internet do not really tell you the whole story, in spite of the detailed descriptions and pictures shown for each property in Bulgaria. Be careful while negotiating with real estate agents as they may tend to prioritize selling the properties rather than taking care of your well-being as the buyer.

Attractive photographs will never substitute for the real thing, so do visit the actual site and check out the property yourself. If possible, bring a third party who is competent enough to offer independent and non-biased opinions about the house for sale in Bulgaria, and help you make a wise decision.


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