The Bulgarian Property Market 2012
The ongoing economic recovery and growth since the end of 2010 has brought optimism and helped the real estate market to start gradual recovery from the crisis, which was evident in the first half of 2011.
This statement is based on the fact that the volume of the property bargains has increased lately, slowing the pace of lowering the prices and meanwhile interest rates on mortgage loans are now to be found at lower levels.
More and more foreign property investors are turning their backs on some of the major property markets in Europe and heading to eastern countries like Bulgaria and Romania.
Another reason for increasing the interest in buying Bulgarian properties is that from 2012 the conditions for foreigners who want to buy property are much less complicated.
From January 1, 2012 with the removal of the temporary prohibition, the purchase of Bulgarian property with adjoining land by citizens of the European Community became possible. This opportunity can benefit all citizens of the European Union together with Norway, Iceland, Liechtenstein and the Swiss Confederation. Previous to this regulated land was purchased only on the name of a legal entity. Foreign physical persons were not allowed to own land or property with land. The new changes now give the opportunity to all European citizens who had purchased property through a company to transfer the property to themselves as individuals. Those who intend to purchase property can now easily do so. From a financial point of view, this will save a lot of additional costs that were obligatory for the owners of companies. After two years from 2012 it is expected that the prohibition for purchasing an agricultural land in Bulgaria by the European citizens will expire.
People who decide to buy property in Bulgaria have to look for professionals who can advise them adequately and provide the required information and services. We from Best Bulgarian Properties have an extensive database of properties in Bulgaria. We do our best to cover our clients` requirements in order to find the best property for them. Due to our help and individual attitude to every customer, a lot of people have already found their new homes or started a new business, or have some good secure investments in Bulgaria.
We work in all aspects of property purchasing, in order to provide you with the most reliable and professional services. Best Bulgarian Properties will arrange all the paper work and will transfer the property to your name and we will oversee the issue of the Notary Deed of the property. We carry out the property sale from the beginning to the end including all the formalities in conducting the sale. We provide individual property viewing trips arranging everything from accommodation to transportation and entertainment. Our representatives will take you and show you properties that match your criteria. You only need to be present in Bulgaria to receive the keys and the Notary Deed of the property with your name. We will sort out all of the necessary matters and go through all of the steps in completing the property purchase for you. Best Bulgarian Properties provides you with property services even after you have purchased your Bulgarian property .We also undertake Bulgarian property management and rental services including looking after and taking care of your property while you are away.