Buying property in Bulgaria?
I am only considering for the time being, but is buying a property in Bulgaria a good idea? I'm thinking of buying a house or something for around £2000-£4000, something pretty run-down and renovating it to sell on for profit through a Bulgarian estate agent. Has anyone done this? What are the pros and cons? Would it sell quickly? Any other countries it would work better in?
Reading at the other answers you would think Bulgaria is like a 3 world coutry – mafia, gangs etc everywhere.
You have to pay a visit to Bulgaria, decide on a region; think about the renovations – will you supervise them yourself or will you do it long-distance? I know people who have bought houses, renovated them and are now selling them for a lot of money.
Many people do not know that you can buy straight from the seller. If you do that, you pay the real price plus the expenses about the notary and the lawyer.
Don't forget that to be able to buy a property in Bulgaria, you have to register an Ltd company first. If you choose to buy an apartment, then that is not required.
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