Relocating to Bulgaria

With Bulgaria's EU membership,the number of foreigners relocating to Bulgaria is likely to increase,Bulgaria has high ,but decreasing, unemployment and some of the lowest wages in Europe, around €200 per month and a minimum wage of 90 euro per month.This alone will attract foreign companies to base themselves in Bulgaria, resulting in many more employees being relocated to Bulgaria.Prices on the Black Sea coast have risen significantly in the last few years, many property agents reporting a year-on-year rises of 25 per cent in most resorts and even 100 per cent in certain hot-spots although this is all very relatively,but while investors are attracted to the coastline at the Black Sea, people moving permanently to Bulgaria often prefer to be based inland where houses in rural Bulgaria are still cheap and easy to come by.

Buying Cheap Rural Houses in Bulgaria

Recently many people opt for rural property and houses for sale in small villages.Many buyers from West Europe are planning to retire in Bulgaria where the cost of living is so much cheaper and some are now simply letting their property back home as they can live well in Bulgaria on the rental income. Halfway between Sofia and the Black Sea Coast,is Veliko Turnovo, the former capital of Bulgaria, one of the country's most ancient cities and attracts people who come here for architecture and a cosmopolitan lifestyle. The old city itself is situated on four hills and on the banks of the Yantra River. Here, property prices are lower than the Black Sea coast, typically starting from Euro12000 for a rural traditional Bulgarian house, although it is still possible to find cheaper homes, but renovation costs can add a further euro 12,000.Many foreigners are buying in these regions, in surrounding villages such as Kapinovo, Mindia, Pchelishte, Ressen and Hotnitsa. To the west, villages such as Gostilitsa and Kereka have lovely south-facing views over the Stara Planina Mountains and attract buyers who find that they can still pick up traditional stone and wooden houses for under euro10,000. About 120 km of Sofia you'll find Karlovo in the famous Valley of the Roses, and some very charming villages such like Kliment,Karavelovo,Vujanovo where property can be bought for euro 5000. There are also the first time buyers who cant get on the property ladder back home,who renovate their Bulgarian property here and cash in on the equity released when they sell their Bulgarian property

Bulgarian Property Investment Areas

Property Investment has been the incentive for most buyers in Bulgaria, with off-plan apartments and developments in Sofia, ski resorts in Bansko,Pamporovo and Black Sea resorts such as Sunny Beach and Golden Sands forming the bulk of the Bulgarian property sale. A new trend is emerging in the Bulgarian property sale as a growing number of Irish,British and Germans encounter the charms of this diverse country and opt to move there permanently. Sunny Beach on the Black Sea Coast has so far drawn the most buyers and investors, and signs of development are everywhere in this buzzing Black Sea resort. But when you head further along the coast, or just a few miles inland, you find a totally different Bulgaria where property prices are still low and houses can be bought for as little as 5000 euro. Other areas to purchase Bulgarian property as an investment are Bansko,Kamchia,Bourgas,Sandanski,Borovetz,Plovdiv and the Black Sea coast.