Cheap Houses: What You Should Know

Houses are expensive. Especially in densely populated urban areas. But there are some houses on the market that only cost a few thousand dollars.

Where can you find those dirt-cheap houses? One place we found for example is Bulgaria where you can get affordable houses, even some that are close to the beach.

Example: Cheap Houses in Bulgaria

Bulgaria is a country in the Balkans, Eastern Europe. It is bordered by Romania to the north and the Republic of Macedonia to the east. The country has a population of 7,6 million people and is one of the oldest countries in Europe.

Bulgaria offers beauty and history for all types of travellers willing to explore it. It is very affordable as well. For instance, a meal in a restaurant will cost you around 2 euros maximum, while accommodation will cost you anything from 10 euros per night for an apartment up to 50 euros per night for a hotel room with 4 stars. Bulgaria also has some remarkable festivals that are worth checking out – like the folk festival “Kukeri” during which participants dress up as masked characters with colourful outfits and dance around bonfires!

There are also many other reasons why you might want to consider property investment in Bulgaria such as:

– The country has a low crime rate

– There are plenty of opportunities for owning businesses

– Land prices are very low

4 Factors Affecting the Cost of a House

The cost of a house can vary in four main ways.

1) Location: the cost of a house will depend on where it is located. For example, a house right at the beach will cost you more than one in the middle of nowhere.

2) Size: the size of the property will also affect the price. For example, properties with a bigger backyard or more rooms might be more expensive than other homes with less space to offer.

3) Age: this factor is closely related to size and features but it also includes things like how old are the pipes? Or how new are the appliances? This is important because older homes might need lots of repairs and upgrades.

4) Amenities: another thing that affects housing prices is what kind of amenities, such as a pool or a gym, come with the property.

3 Ways to Make Your Home More Affordable

There are many simple ways to make your home more affordable. Here are 3 of them:

– Consider downsizing

– Look for a mortgage with a lower interest rate

– Consider walking away from your mortgage

– Consider to move to the Countryside

Downsizing is the most common way to make your home more affordable. The truth is that the size and space of your home can have an impact on its value. You could also look for a mortgage with a lower interest rate, which would help decrease the amount of money you spend each month. Lastly, it may be time to consider walking away from your mortgage if you have reached the end of what you can afford or if you are struggling to come up with additional funds.


Don’t look for a house that is bigger than you actually need it. Know what you can comfortably afford and then be flexible about the location as well as be ready to do some repair works yourself. Like that you will find cheap houses in no time.


Our Property under 20k team are the founders of and with the goal to search the cheapest real estate in the world and make it easy for others to find. The team is made up of landlords, real estate investors, architects and builders from several different countries.  We just love to have a good strong cup of coffee while we write our experiences in this blog.

Image by Martin Winkler on Pixabay 

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

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?