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Bulgarian Real Estate Market Is Ripe For The Picking. |
By:
surrinder Ahitan |
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Little more needs to be said about the Bulgarian real estate
market than "perfect" for buyers. Current prices on Bulgarian
real estate have awakened a new crop of investors lining up to
take advantage of current market trends.
Low prices combined with a very low cost of living have made the
Bulgarian property market a sea of investment dreams. Out of
country investors are wasting little time in snapping up
properties that can show capital gains once the market turns
around.
With three bedroom-detached homes with a sea view listing for a
mere 100,000 Euro it is no surprise these homes are flooding the
market. With this in mind, people from all over the world are
purchasing these properties either as private homes or for
development and rental purposes.
Recent changes in the constitution rule that people from
foreign countries can own buildings in Bulgaria but not land.
There is a way to thwart this rule by setting up a company in
the country that will own the land while you own the building or
buildings that comprise the property.
The political and economic situations have undergone recent
overhauls. The climate has become stable, which is very good for
Bulgarian real estate investors, as the former communist country
seeks entrance the European Union. This is expected to occur in
2007 as the country continues to experience positive economic
growth with the stabilizing political situation.
As with all real estate markets, the Bulgarian real estate
market can change at any time. This speaks to the speed in which
investors and private home seekers should use when looking for
properties. The time may come when a sellers market rules and
demand far exceeds supply which will drive prices to the highest
extreme. Check with local property agents for the latest
listings of homes and properties throughout Bulgaria.
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Article Source: http://www.friendsofvista.org/articles/article44260.html |
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