Bulgaria property news and articles

As mentioned previously, the cost of building works in Bulgaria is higher than people initially expect, and prices are set to increase further. What follows is a breakdown of some of the current costs to carry out works in the VelikoTurnovo region. You will find that in other regions, such as Sofia and along the coast, prices will be higher. These prices have been provided by Best Bulgarian Properties Ltd.

Many people buy property because they want to live abroad. Some wish to escape the stresses of Britain, others to gain further skills abroad and perhaps start a business, and others to retire or take a year or two out. It is remarkable how many foreigners arrive in Bulgaria with one-year contracts and end up staying and buying a home, and often getting married or integrating into the local community.

Bulgaria has gone through a great transition since the end of Communism in 1989, known locally as ‘the Changes’. Since ‘the Changes’, people in the new democratic society have been debating what from the past they should retain, and what they should discard. Many of ‘the Changes’ were conditional for EU accession. They included a move from a state-run economy to one that respects free trade and private enterprise.

The rise of the Bulgarian property market has been one of the most remarkable real estate phenomena ofthepastfewyears.lt has come about for two reasons – the collapse of Communist regimes in Eastern Europe, and the massive growth in the overseas property market. The former has opened up a hitherto unknown country to reveal one of [...]