Bulgaria property news and articles

Property investment in Bulgaria can make you a whole lot of money if you do it right. Do it wrong and your money will be tied up in bricks and mortar that nobody wants. Here are the three major factors you must bear in mind to make yourself the maximum profit.

Location, location, location.

You have heard the phrase a million times before and it applies in Bulgaria the same as everywhere else. It is absolutely critical that you choose the right location for your investment to maximise your profit.

If you are buying on the coast, buy as near to the sea as you can. On a golf course, as near to the fairways as possible. In the mountains, on top of the ski lifts if possible. In the cities you need to be close to all transport links and in the hottest districts.

Buy the best you can afford.

The whole point of property investment is to make a profit when you sell. The easier and quicker you can move the property on, the more profit you stand to make. For that reason you must stand in the shoes of the next buyer when you look at any property.

The properties with the best features and in the best condition nearly always sell first. Apartments with great onsite facilities like pools, gyms, restaurants, parking, stunning views and balconies always sell faster and for more, than those without. Country houses finished to Western standards and with all amenities perform much better than renovation projects.

Keep your costs to a minimum.

Buying anywhere abroad can be time consuming and frustrating. Be careful to buy through an established agent who will assist you in all aspects of the purchase.

The agent should not only find the ideal property for you but then deal with all communication with the developer or vendor. They will save you time and money by doing all the legwork for you and can even save you thousands on the currency exchange when it comes to actually paying.

Bulgaria is a surging market that is set to explode in 2007 when Bulgaria joins the EU. The profits to made in property are staggering as prices are going up by over 30% per year. You can maximise your returns by simply following the guidelines above.

Submitted by: Mark Gardner Emerson