EuroTalk Interactive Talk Business Bulgarian Closer
However, then the world recession hit and foreign buyers became less and less. bulgarian real estate agents that had been able to simply change the bulgarian lev sign to a Euro sign and sell half a dozen Bulgarian houses a week, were finding they were lucky to get a handful of enquiries a month. Many British that had bought several Bulgarian property investments were struggling financially back in the UK and trying to offload their Bulgarian real estate.
Now in 2009 prices for bulgarian property have on the whole dropped back to a more realistic amount and rural bulgarian properties are priced at similar levels to in 2007. This means that you can once again pick up a rural Bulgarian house in a large plot for around 5000 Euros.
Unless you are a builder yourself or a DIY expert then you are probably going to need some local assistance to source materials and do the renovations to your bulgarian house. If you opt to use a bulgarian builder to do some or all of the work, there are certain aspects you need to watch out for.
So first you need to consider the cost of renovating your bulgarian property. You will need to install a septic tank and all the waste pipes and internal plumbing so you can have a toilet inside your bulgarian house and not have to run down to the bottom of the garden to use the toilet. The wiring inside your new Bulgarian holiday home will probably be rather old and to be on the safe side (and to lower sockets from eye level to a more user friendly position) it would be best to get the Bulgarian property re-wired. New windows and doors are usually needed or at least some serious repair of the
When thinking about buying abroad it is important to consider the rules and regulations that apply in that country for overseas investors. Bulgaria has a relatively young property market and so it is essential to have the title deeds checked by a professional along with the right of the vendor to sell. One issue that must be taken into consideration is that if you want to buy anything other than an apartment in Bulgaria you need to register a bulgarian company. While this may be relatively easy it will add extra costs to the purchase price. Factoring in 5 to 10% of the price of the bulgarian p
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