Today, Bulgaria is considered an attractive country where it is worth investing in the real estate market. And there are many reasons for this. Business in Bulgaria is thriving and developing rapidly. It is distinguished by socio-economic stability and the reliability of the banking system. At the same time, the state's economic growth has a beneficial effect on Bulgaria's real estate market.
The attention of foreign investors to real estate leads to the fact that the infrastructure of resorts and large cities in Bulgaria is developing noticeably. Thanks to this, the country has already completed the construction of many large-scale industrial facilities, including logistics centers, manufacturing plants, etc.
Advantages of investing in Bulgarian real estate
A significant share of investments in Bulgarian real estate falls directly on the most significant Black Sea resorts. The return on purchasing real estate is considered the highest in such settlements. The main reasons why you should invest in real estate in Bulgaria are:
- competitive prices for real estate;
- large selection of real estate types;
- the possibility of obtaining high returns from the purchase of apartments, apartments, and private households;
- stable growth of the real estate market and economic development of the country.
Investing in real estate in Bulgaria is a profitable decision as the country has a lot to offer investors. The favorable location of housing, beautiful nature, moderate climatic conditions, and rich cultural and historical heritage attract the attention of investors. Despite its small territory, Bulgaria has all the requirements for a comfortable winter and summer holiday, which puts Bulgarian real estate in demand in the purchase and rental market.
Legal aspects of investing in real estate in Bulgaria
Foreign citizens can easily purchase Bulgarian real estate. But there are certain subtleties in this matter that a potential buyer needs to know about. For example, citizens of states that are not members of the EU or EEA cannot register land ownership for their real estate. To purchase land, you must have citizenship in Bulgaria or another EU country. Residents of the European Union and the European Economic Area have been able to buy land in this country since 2012.
In addition, according to current legislation, a potential buyer must declare the purpose of purchasing real estate in Bulgaria. Today, there are four ways to invest in Bulgarian real estate:
- for subsequent short-term rental;
- to objects whose prices are rising;
- purchasing your summer residence;
- commercial development.
The process of purchasing real estate for foreign citizens is comfortable and straightforward. Our company's specialists will take care of all the hassle. Investors are pleasantly surprised by the low tax rates on acquiring, owning, and renting real estate. Individuals seeking high income from purchased real estate can quickly achieve this.
Geographical advantages of owning property in Bulgaria
Bulgaria has many beautiful beaches, majestic mountains, cozy cities, and a rich culture. Bulgarian real estate is impressive, with various apartments and country houses in the city and luxurious villas on the Black Sea coast. Therefore, every investor will be able to find the most suitable option for themselves in coastal areas, near ski resorts, or away from the bustle of the city. In addition, buying property in Bulgaria gives foreign citizens access to Europe, which makes the opportunity to invest even more attractive.
Tourism and real estate rental: income prospects
Tourism is considered an essential sector of Bulgaria's national economy and a top priority for the country's leadership. Large sums are allocated for the repair of old roads, the construction of new highways, and the development of resort infrastructure. Therefore, buying real estate for yourself or renting it out has excellent prospects for receiving a stable income.
Risks and restrictions when buying real estate in Bulgaria
Foreign citizens buying real estate in Bulgaria is a profitable investment project with some difficulties. Before investing your funds in Bulgarian real estate, you should assess all possible risks and familiarize yourself with the country's current legislation regarding purchase and sale.
How to successfully invest with the help of the company “BolgariaDom”?
You can avoid any risks associated with investing in real estate in Bulgaria with the help of a reliable broker and real estate agency. The “BolgariaDom” company provides professional services in real estate, allowing our clients to invest their money successfully and diversify their investment portfolios.
Buying Bulgarian real estate with the help of our company is profitable, convenient, and safe.