Articles

Bulgarian property is becoming more and more popular among citizens of Israel. Many people consider purchasing a flat in Bulgaria to move from Israel upon retirement. Cottages, village houses, townhouses and apartments near the sea, in mountains and large cities are suitable for permanent living, short-time vacations and as an investment. There are many Israeli citizens among our agency clients. These are mainly people who used to live in previous USSR republics and then moved to Israel. Still, there are many customers who were born in Israel. There are several reasons why it is Bulgarian real estate which is so much demanded by the Israelis. 

You can buy property in Bulgaria for permanent living, summer vacation. Apartments, houses near the sea are an excellent investment. They can be offered for a long-time and short-time rental. When doing it, many local real estate owners control the rental process themselves, while foreigners more frequently hire property management companies. Let’s try and figure out what is more profitable – to run rental yourself or to hire a professional and to sign an agreement with a company which will manage the renting and maintenance process.

Every day specialists of our agency hear the question whether it is possible to get an automatic temporary residence permit buying property in Bulgaria. A similar opportunity is available in many countries. Bulgaria is among them, but to obtain such a visa, certain conditions must be met.

Buying real estate in Bulgaria, be it a beautiful complex with a swimming pool or an imposing living building in the city downtown, is an important step requiring serious financial investments. Before purchasing an apartment, it is necessary to analyze the acquired property price as well as the maintenance costs that the owner will have to bear in future. The expenses depend on whether the apartment was purchased in a complex or in an ordinary residential building. Quality of services provided by the management company has an impact as well.

The property maintenance costs in Bulgaria are not as high as in other European countries. Low prices for real estate, along with affordable service and housing rates, make Bulgaria very attractive for buying a house or an apartment.

Each construction process goes through several stages. First, it is the development and coordination of the project and the related issues, then - the direct implementation of construction work. The successful completion of each stage ends with a specific document signing.