The Ethics of Second Homes

The possibility of owning a second home raises concerns for the ethical and green investor, and there are good, sound moral and business reasons for understandingthe wider social and environmental impacts of home ownership in Bulgaria.
There are three main areas of concern which crop up most frequently:

•  Do foreign buyers push up prices to levels the locals cannot afford?

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•  Am I contributing to development pressures in areas like the Black Sea coast and the national parks where the ski resorts are located?

• Will frequent trips increase my carbon footprint and, if so, how can I minimise it?

The answer to these questions depends on what you buy and where. It is possible for the discerning buyer to ensure that the social and environmental impact of their home overseas is more positive, and to reduce or minimise any potential negative impact. For example, consider a couple who buy an old abandoned farmhouse in the Stara Planina mountains, renovate it, and perhaps stay there full-time and travel back to the UK once or twice a year. The house they buy is not likely to besought after by a local family; nowadays most Bulgarians prefer more modern houses or move into towns, leaving many old houses in rural areas abandoned. During the renovation works the couple will have created some jobs, and spent some moneyinthelocaleconomy.lt is possible to take a train back to the UK and not even fly at all. Overall, this fictional couple may well have contributed to protecting traditional architecture and made a positive contribution to the country.

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