Bulgaria Property Prices continue strong growth in 2017

The Sofia Glove has reported that Bulgaria property prices rose between 6% and 8% during the 2017 year.

In an interview with Kaloyan Boganov he indicated the growth of Bulgaria property prices is mainly in large cities. In smaller towns, the figures are smaller. He pointed to factors such as historically low interest rates and an increase in demand as the reasons for the growth.

Also mentioned were the well documented fact that salaries in Bulgaria are increasing. Bulgaria is much like every other country in the world in seeing the masses flocking from rural areas to large cities. The effect of this is of course that we see city prices increasing and rural areas lagging far behind. Continue reading Bulgaria Property Prices continue strong growth in 2017

Do I need to register a company in order to buy property in Bulgaria?

Since 1st January 2014 EU or EEA citizens can buy property in Bulgaria without restrictions.

Non-EU or EEA citizens cannot buy properties in Bulgaria that includes land, for example a house in a plot of land, or an apartment with ideal parts of the land the block was built on, Continue reading Do I need to register a company in order to buy property in Bulgaria?

How do I register a Bulgarian company?

To register a Bulgarian company is a straight-forward affair.

You first need to register a new company with the Commercial Register

http://brra.bg/

There are many companies that will help you set up a company in Bulgaria in a speedy and inexpensive way. Continue reading How do I register a Bulgarian company?

Can foreigners buy property in Bulgaria?

Yes, but with some restrictions depending where you come from.

Basically all foreigners can buy property provided it doesn’t come with land.

Since 1st January 2012 EU and EEA citizens are allowed to buy land in Bulgaria, following the expiry of the 5 year prohibition included in the Treaty of Accession of Bulgaria to the EU. Continue reading Can foreigners buy property in Bulgaria?