| Under Bulgarian law a foreigner cannot own land. | | | | certain to rocket in the coming year, as the country |
| If you wish to buy land or a house with a plot in | | | | moves closer to joining the EU. |
| Bulgaria then you can circumvent this law by opening a | | | | Bulgaria Ski Resorts |
| Bulgarian company. | | | | About 30 per cent of Bulgaria's territory is occupied by |
| The land (and house) can be owned by this company | | | | mountain areas. Of these, the Rhodope, Rila and Pirin |
| and a foreigner can have outright ownership of the | | | | mountain ranges all offer fantastic ski resorts between |
| Bulgarian company. | | | | October and March, one of which could be in the |
| The cost for setting up a company is relatively low | | | | running to host the 2014 Winter Olympics. |
| (under 1000 Euros). | | | | Prices of apartments in Bulgaria's ski resorts vary from |
| With new, off-plan developments it is not necessary to | | | | between 40,000 euros for one bedroom, to 75,000 for |
| own part of the land or set up a company as buildings | | | | two bedrooms. |
| can be owned by foreigners. | | | | Plovdiv |
| Bulgarian Property hotspots | | | | The country's second biggest city behind Sofia, Plovdiv |
| The Black Sea Coast | | | | has slowly started to generate a trickle of interest with |
| With a climate similar to northern Spain and golden | | | | British buyers. |
| sandy beaches aplenty, the Black Sea coast is a | | | | Property prices are still extremely cheap - a |
| popular destination with holiday makers and property | | | | two-bedroom house could cost as little as 15,000 euros |
| buyers alike. | | | | - although rental potential is still limited. |
| Property prices along the coast have increased rapidly | | | | Legal fees & costs of buying property in Bulgaria |
| over the past 12 months and continue to do so. | | | | Legal fees & costs on purchase price totals around 5 |
| However, 65,000 euros will still be enough for a | | | | Notary expenses are approximately 2 |
| one-bedroom apartment on the coastal strip of Sunny | | | | Stamp duty of 2 |
| Beach, les in less popular resorts. | | | | Time scale for the entire process is around 30/40 |
| Sofia | | | | days. |
| Bulgaria's capital is where those with an eye on | | | | These guidelines are meant for guidance only and |
| making a profit will undoubtedly find themselves drawn. | | | | describe a straightforward purchase scenario. |
| New one-bedroom apartments can be bought from | | | | However this information is not meant to replace |
| 55,000 euros, while on the city's outskirts, prices are | | | | proper legal advice, which we always insist you take. |
| closer to 20,000 euros. | | | | John Everitt is a consultant to Globespan European |
| However, the cost of Sofia apartments are almost | | | | property portal. |