Auction Archive

Buying property in Bulgaria

Buying property in Bulgaria The Definitive Guidewritten by Alan Tait who emigrated to Bulgaria in 2005   Background Bulgaria is a former communist country with all that implies in terms of low wages, low costs and standard of living. In a recent international survey it was placed 56th in the world for quality of life. The money is pegged to the Euro at 1.95 leva to 1 Euro so there is stability within the foreign exchanges but be wary of foreign exchange bureaux offering less, particularly in the tourist areas. However, it has a developing and growing economy, it is scheduled to join the EU in January 2007 and it is stable politically with little of the tensions evident in other countries in the region. It has a multi-party democratic system of government. It is principally Orthodox Christian with a small Muslim community, some with Bulgarian and some with Turkish origin. Is a comparatively safe place to live and to visit certainly in comparison with the UK. There are no drunken gangs pouring out of pubs at weekends. It has its own Bulgarian language which is Slavic in origin but be warned they use the Cyrillic alphabet which is totally different to the English one, however we will come to that in greater detail later in the ebook.  This E-book will cover many areas; from what to buy, how to buy, where to buy, how much you need to invest, dangers, getting construction or other work done, dealing with estate agents and notaries, company law, visas and work permits In short, a complete guide to buying as safely and profitably as possible in a foreign country. Everything will be explained in straightforward English in step by step fashion