I am thinking of investing in Property in Bulgaria, any advise.

Hi tony1311,
Google --- type Bulgarian property.Lots of useful information.
rgds aj

Bulgaria is not the friendliest place. Think hard about it. Remember that dogs with a tail in Sofia are regarded as tourists.

Foreigners cannot buy land in Bulgaria, but companies can.

Therefore, if you want to buy a house with a garden, etc., you will need to set up a company to do so.

Went to the Property Investor Show at Earls Court yesterday and they had lots of agents offering property in Bulgaria who will also set up the company for you. They were charging 5% commission to do so and you also have to pay 3% tax (stamp duty) to the government. However, the properties were so cheap, from 20k up, that an extra 10% in costs is not a killer.

Hope that helps.

Regards.
Mark.

i say go for it then tell us all if it was a good idea 6 months from now.

There seems to be some anti-Bulgarian property sentiment, which seems a shame. I have looked at Slovenia and the language barrier is the most interesting challenge, though most under 40s speak English to some degree. Unlike Croatia, Slovenia has joined the EU now and enquiries are said to have more than quadrupled recently. The country has everything from coast to cities and lakes and mountains, along with a really lovely population. If anyone is interested, you can p-m me for more details at sharecrazy by clicking on profile on one of my posts(I post as eyecatcher). I can give you more info as my p-m facility does not work here for some reason, despite efforts to activate it.

Laws are changing to make it easier for foreigners to buy and prices seem to be on the up. I can recommend good lawyers and translators who have been working with me, for example.