Full Description

the house

Build up area: 65 sq m
Garden: 700 sq m
Price: 9 000 euros

Description: Two bedroom traditional Bulgarian property built in 1950‘s with need of renovation! Comprises of two bedrooms, living room and kitchen and good sized garden with fruit trees and grape-vine!
The property has lots of character and is situated at the end of the village with beautiful views overlooking the valley and the mountain!

Why it's a good investment:

Strategically located in central Bulgaria
Coming up area with lots of long term potential
Excellent price
Climate in the area extremely mild whole year round
Various activities : fishing , spa treatments, mountain biking, hunting , cultural and historical tourism Modern towns within close proximity with vivid social life


Total costs to bring the property to Western Standards ready to move in through our discounted services!

Property £ 6 500 = 9000 euros
Full renovation £ 6 500 = 9000 euros
Furniture package £ 3 000 = 4 200 euros
Total : £ 16 000 = 23 000 euros

Independent evaluation after the renovation -£ 25 000 = 35 000 Euros
Capital appreciation in the area 17 %, the estimate of the price in 5 years would be £ 46 250, in 10 years - £ 67 500

Buying process

1. Fill in our reservation form
2. Send a reservation fee
3. Contact a lawyer to check the contracts -
4. Set up Bulgarian company * according to Bulgarian law foreign person can not own land directly and in order to buy land a limited company needs to be formed. The ownership is 100 % through the company and the process of forming a company is very straight forward usually it takes max 30 days in most cases it's much quicker
5. First payment and signing of Preliminary Contract will be made 30 days after the reservation or the inspection trip.

Additional costs connected with the purchase that you need to take under consideration :

1. 1 % of the price of the property for lawyer fees for property conveyance ( not necessary )
2. 2 % / 3% of the price of the property for municipality and notary fee paid when the deal is being finalised
3. About £ 95 ( 140 euro ) for a property tax and garbage collection annually
4. About £ 400 ( 600 euro ) company formation fee
5. Furniture economical package to move in £ 3000 ( 4 200 euro )
6. Renovation of the property to bring it to Western Standards £ 6 500 ( 9000 Euros )