Buying cheap Bulgarian properties
A free guide to real opportunities to make money for normal people with a very tight budget.
Everybody wants to cash in on the real estate boom. It seems that all over the world there are fantastic opportunities for would be property investors to make a killing. But wait right there, are they real opportunities? If they are, can you afford it? If your budget is one thousand pounds ($2000) or more, read on ……….
In this free guide to buying cheap property in Bulgaria, I will explain the process of, locating a property that fits your budget, how to go about purchasing the property, and what to do with it once you have it.
Buying cheap Property in Bulgaria is surprisingly easy and safe. The system for buying and selling property in Bulgaria is straight forward. You will need to find a contact in Bulgaria specialising in this area of investment, such as an estate agent, Bulgarian property consultant etc. He or she will have specialised local knowledge in local area, for instance, www.thebulgarianpropertyfinder.co.uk is an established company specialising in the south east of Bulgaria.
The south east is by far and away the fastest growing, in terms of numbers of foreign people living here. The result being, that their friends and family come to visit and finish up purchasing, this is pushing the prices up year on year, so in answer to your next question regarding the best place to invest, this is it! The south east.
As you probably know, Bulgarian houses are normally well below UK standards, clients do get fed up with being taken around properties that are not what they are used to, the result being, that after a few days of viewing such properties, a property that is any where near in reasonable condition, will be the property that they purchase, your property!!
This is where the property developer (you) comes in. After buying a very cheap property in Bulgaria, you will want to renovate it to a very basic standard. Putting an inside toilet into a property in Bulgaria increases the value exponentially.
The system is then to re sell the property, the consultant will do this for you also.
Once you get started, the process is simple to repeat with the help of a knowledgeable consultant.
A good consultant should cost you nothing!
Don’t worry if that sounds too good to be true, good consultants are always busy, they can afford not to price themselves out of the market just by being good at what they do.
Once you have found a property that fits your requirements your consultant will go with you to a lawyer. If all the documents are in order, the whole process of buying your property in Bulgaria can be transacted in one day.
However, the process normally takes thirty days, this is the normal contracted time from your deposit and pre contract, to the final payment and completion of the deal. Foreign people are not allowed, according to the constitution of Bulgaria, to buy land.
The government of Bulgaria is very keen to attract inward investment, recently this has been in the form of foreigners buying property in Bulgaria. So how is this possible? The formation of a legal entity is required to facilitate the buying of property in Bulgaria. This comes in the form of a limited company.
Your lawyer will do all this for you all you need do is think of a name for the company.
If you want to find out more about buying property in Bulgaria, telephone The Bulgarian Property finder on 00359 886 234 289 or e-mail: firstname.lastname@example.org or take a look at the web site www.thebulgarianpropertyfinder.co.uk