Many specialists say, that to own a property in such an attractive country as Bulgaria is surely a decisive step. You can visit it at any time or you can give a holiday to your friends as a present. And the most important fact is that your money is safe. Bulgaria is on the third place among the countries most wanted for investments in a property. From an investment point of view you can only benefit (as you know, the real investment property is the most reliable). The interest towards Bulgaria continues to be intensive, more and more people find it as the right place to direct their funds to. After becoming a full member of the EU, the reliability of Bulgarian investment properties has grown. The trend of intensive growth in the economy stays unchanged and the business sphere remains friendly – the conditions for everyone who wants to invest in Bulgaria get better. In 2007 the corporate tax became 10% - one of the lowest in the EU. This fact makes the business conditions really attractive. As you probably know, it was a common practice in the real estate market that the real purchase price differed from the price in the notary deed. By lowering the tax, the accomplishment of real deals is stimulated and this helps you, as investors. If you decide to rent the property, you will avoid many problems. Besides, the rent tax is just 10%.
Bulgaria is expected to become the Riviera on the Balkans. The improved economic conditions, political and social stability in Bulgaria make it really attractive for investments. Other important factor for making it attractive for investments in properties is the huge tourism potential in the country. Incredibly, Bulgaria is now the third most popular holiday destination after Spain and France for British holidaymakers. Together with the constantly rising prices, Bulgarian investment properties are the best investments that one can make these days with prices likely to increase with EU membership, as well as been a great retirement home. Moreover Bulgaria has one of the most liberal investment laws in the region. Since the beginning of this year an opportunity to sell one property per year without having to pay the tax on the difference in the prices is given to everybody. The only thing required is to present a document that you are a tax payer in a country member of the European Economic Community (EEC). For foreign citizens this opportunity may be used in buying apartments as they do not come with land. And as you know, if you invest in Bulgarian plots or property with land, you will have to register a Bulgarian company. If the law changes in some time, as it is discussed, you will have the chance to use this opportunity for any kind of property. This is a golden opportunity for you to invest in property in Bulgaria and to gain your full benefits. If you have bought an apartment at lower price, now you can resell it without having to pay unreal high taxes.
Investors were mostly interested in two-bedroom apartments. Nearly 200 such apartments are offered for sale in Bansko. Prices have reached 919 euro per sq m even when sell a crop standing. The price of luxurious property exceeds 1000 euro/sq m. Sunny Beach is the leading summer resort when it comes to increase in property prices. Supply there is also high, compared to the offers in other coastal resorts. Property agents said that the vacation property market in 2007 would not witness major developments, as a number of investors are expected to get involved with the construction of spa centers. Last year prices rose by about 35 per cent, and in the lead-up to EU accession in 2007 annual rises of 25 per cent are predicted. The increase in foreign investment is set to continue because of Bulgaria’s expected EU membership perspective and the constantly expanding tourist industry. All the above mentioned factors show that investing in a property in Bulgaria is a golden opportunity for you and it would be a pity to miss it. You will hardly find a combination of such conditions and location elsewhere.
Here are some of our top suggestions that perfectly combine conditions for holiday and for the right Bulgarian investment properties - our site primepropertybulgaria.co.uk is the best place you can find it! |
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