Purchasing Property Overseas: Bulgaria's Eastern Promise

Purchasing Property Overseas: Bulgaria's Eastern Promise
Buying a property in Bulgaria? This useful guide contains an insight into the Bulgarian property market and the process followed to successfully purchasing ...

Purchasing Property Overseas: Bulgaria's Eastern Promise
People seeking overseas property can be broken down into two broad categories. Firstly, there are those who are buying purely for investment purposes. This group tend to buy in emerging markets, where big profits can be made, and they often buy without viewing properties first.Then there are those who are seeking a holiday home; or perhaps somewhere to retire. This group tends to visit many places and properties before deciding on one, and will obviously look for a property in an area which they want to visit frequently. Rather than thinking of property price values, they tend to be more interested in local services, amenities and recreational activities in the area. Both buying groups are also likely to have an interest in the potential rental market, as they will be able to supplement their income by renting out their property when they are not there. Property investors tend to search out emerging, rather than established property markets as these are likely to yield the highest capital appreciation, and one area of the world that has really caught investor's eyes recently is Eastern Europe. Its combination of excellent value property and high quality developments close to major recreational areas, such as top-class ski resorts or beaches, are an ongoing pull for people looking to invest. The type of property available ranges from studio apartments in glitzy ski resorts, such as Bulgaria's premier snow zone - Bansko, to luxury multi-bedroom flats by the Black Sea. Over the past several years, Bulgaria has made impressive progress towards long-term stability and sustained growth. As a result of sound macro-economic policies and deep structural reforms, the average growth has reached close to five percent per year in the period 2000-2005. This has led to numerous real estate agents popping up both in the UK and in Bulgaria. Hype and over inflated capital appreciation figures have been rife.Skiing in Bansko, BulgariaBy: Mal Keenan | 07/09/2006 | TravelHave you considered Skiing in the new ski resort of Bansko, Bulgaria. Compare prices and current deals on offer from local estate agents in Bansko.Property in Bulgaria - Guide to Buying Property in BulgariaBy: Les Calvert | 20/11/2007 | Real EstateBuying a property in Bulgaria? This group is formed from representatives of America's largest mortgage service's. It looks like Mallorca is one of the most popular destinations and people who come here must decide if they will like to rent an apartment or a villa. Do you have trouble finding a reliable real estate agent and you are afraid that they will charge you too much? Well, now you have a solution and it is even simpler than you imagine.