Buying Property In Bulgaria

Bulgaria is a quiet, rural country which has long been a desired holiday destination for Eastern Europeans.  Since the fall of Communism the country has opened up to the world.  Tourists now enjoy the long summers on the Black Sea as well as some of the best skiing in Europe during the winter season.

Foreign individuals are able to buy buildings but not land.  To circumvent this restriction it is common practice to create a company which owns both the land and the buildings.  We at Crystal, Ltd will guide you through the process from setting up the bank account to the legal process of setting up your limited company.  Keep in mind that if you’re purchasing an apartment you will not be required to have a limited company.  This law is expected to change in the near future as Bulgaria draws nearer to entering the European Union in 2007.

With the pending entry to the European Union the long term economic prospects are promising.  The economy has stabilized in recent years as it has moved from being state run to an open market.  The EU has invested millions of pounds in improving the infrastructure of the country and to stimulate the growth of the economy.

The Black Sea coast continues to grow and expand rapidly.  The mountains are looking to the future anticipating a bid for the 2014 Winter Olympics to be held in the Borovets area.  New as well as existing properties are promising investments for investors.

Crystal , Ltd have an extensive network of Bulgarian contacts procuring land and properties, handling lettings and maintenance, and representing us to local and national government officials for investment in large developments.  Along with this we offer contacts to builders, valuers, solicitors, accountants and banks.  We are able to guide you through every aspect of your purchase here in Bulgaria.

We recommend you visit Bulgaria before you commit to any purchase either with ourselves or any other company.  We are able to provide advice on travel information to the country as well as recommend accommodation and restaurants.  If you wish we are able to arrange ground transportation and a British contact to guide you on your trip