Investing in real estate is an affordable way to save money and make a profit. And Bulgaria in this sense is an extremely attractive country. This is determined by several factors.
A reliable banking system and a stable socio-political situation attracts foreign capital, promotes economic growth and the development of the real estate market. According to some data, the quarterly growth in real estate prices is 1.9%.
Ease and simplicity of the procedure for purchasing real estate for foreigners. In Bulgaria, there are practically no restrictions on the purchase of real estate for citizens of other countries. To purchase an apartment you only need a passport. Moreover, when purchasing real estate worth 300,000 euros or more, Bulgaria offers to obtain a residence permit.
Restrictions for foreigners apply only to the purchase of land.
Bulgaria has the lowest property taxes in Europe. For example, income tax is only 10% - this does not exist anywhere else in the European Union. Notary services and translation services when completing a transaction account for only about 5% of the total cost of housing.
Bulgarian developers offer favorable conditions for the purchase of real estate at the construction stage and in already completed properties: interest-free installments or installments with a minimum increase in price for a period of 1 to 10 years, flexible payment schedules and regular promotional offers. During the construction phase, the down payment when purchasing an apartment can be only 10%. This allows you to invest with a minimal budget.
Property prices in Bulgaria are rising, but remain affordable compared to prices in other EU countries. Now renovated apartments on the coast can be purchased from 900 euros per m2.
In addition, Bulgaria's accession to the Schengen area has already affected the real estate market by increasing prices.
Due to the socio-political situation, there is an increase in consumer demand from residents of Israel, Ukraine and the European Union, which also contributes to rising real estate prices.
Bulgaria offers unique investment opportunities for profit with minimal risks for investors. We, in turn, offer assistance in choosing an investment property that suits your goals and budget.