UK Landlord Forum / Life

Hi, became a member, would looking for potential investors for profitable real estate project in Bulgaria.
Should  I have any chances through this Forum ?

Cheers !
Diamon

What's the property market like in Bulgaria? I always hear Brit's talk about property in Bulgaria!

Hi,

Last figures say about 40 000 Brits own a property in BG from the ruined country house to the posh flat for
200 000.
Recent years there were poured couple of blns into the BG property market by many investment funds.

hey diamon,

has the value in property risen?

You could find a country house earlier for 1000,- E, now they cost at least 10 000,-E. I speak for a periode of 3-4 years. Flats were 300-350,- E m2, now they are 600,- E up to 1000,- E in the cities. Holidays flats no one under 1000,- E.

hey diamon,

mind posting some pics up of houses in BG? Just curious, as i've never been.

Buying a property in Bulgaria is an attractive option for the property investors. Property investment is particularly popular, as the prices are significantly cheaper and large profits can be made in the future.

http://www.zimbio.com/Property+Investment/articles/2/Property+Investment

I have some contacts who have worked extensively in the Bulgarian off plan property market and the general feeling is that the place is a complete shit hole. Unless you really like the place, avoid.

Thx for that oldskool, homework is the key for anyone wanting to buy accross the sea.  People will tell you anything to get you to buy overseas, it gets on my freakin nerves that people do this,janskar but it gets on my nerves even more when people fall for it.
As said before on these boards if you are going to buy overseas go out there and rent for 6+ mths first to get to know the culture etc, so many expats fail to do this thus and there adventure ends in missery, but the people they buy from have long gone, aaaggggggg.
I could say to people like janskar that the st marys area in southampton is a great place to invest in etc etc etc, if you dont know the area research first
Badger

As an update to this topic the Bulgarian property market has gone up and up and up and then down, down, down.....Back in 2005 to 2007 prices were rising at silly rates, up to 37% a year and the amount of development that was going on was unsustainable and bound to cause many problems. Fast forward to the end of 2008 when the world slipped into recession and in 2009 the knock on effect was that the Bulgarian property market was a dead duck! In some places like Sunny Beach and Bansko where there had been a massive amount of building work and supply outstripped demand, prices plummeted by 40%.

However, with the drop in prices, investors have started to come back to Bulgaria. There tends to be those that are looking to buy very cheap property for well under 10,000 Euros (off ebay say) and just sit on it for years as an investment or those looking for a life style change.

I would agree with an earlier poster, that it is advisable to rent first for at least 12 months (so you are there for the long hot summers and cold winters) to see if Bulgaria really is the place for you if considering relocating there.

Real estate prices in Bulgaria have increased by 145% over the last three years. The value of real estate Bulgarian authorized a five times since the country joined the EU in 2007. Bulgaria is internationally appreciated for its development, legal reform, political and economic.

Quote from: jenny.smith on July 21, 2010, 07:33:24 AM
Real estate prices in Bulgaria have increased by 145% over the last three years. The value of real estate Bulgarian authorized a five times since the country joined the EU in 2007. Bulgaria is internationally appreciated for its development, legal reform, political and economic.

Haha Jenny please, how about you post some legitimate links to back up those claims. The place is covered in unfinished properties where developers have done a runner with people's deposits. Other lucky owners in some apartment blocks have arrived at their dream homes to find them routinely rented out to locals without their knowledge and some of these local are prostitutes (maybe the can negotiate a discount). Unless you know the country well and have a very good and reliable independant local lawyer don't even think about buying in Bulgaria.
Just do a little research and you'll find plenty of horror stories.

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