Buying in Bulgaria

Does anyone have any experience of buyuing property in Bulgaria. A friend of mine was telling me that now would be a great time to invest before they joint the euro and at the moment property is quite cheap there.

Cheap property is not necessarily a good investment.

Bulgaria can be a very good country to invest in but it's very high risk. Apartment prices haven't moved in at least 1 year in the big resort of Sunny Beach.

When they join the EU there will be demand for very high quality complexes and over time prices should rise again.

But if you're friend is buying in Sunny Beach my advice is don't. There's far too many apartments, far too crowded, not a great location etc etc. Try moving up north and buy a nice villa on a golf course for not much more.

Bulgaria will see values rise, question is when.

- close to joining EU despite the 'corruption' problem;
- difficult for locals in buying with rates;

Points to watch:
- probably cheaper to extract equity from Ireland;
- legal titles in Bulgaria not straight forward;
- Irish seen as parting with money too easily;
- might need local involvement;
- hard to manage;
- are you clear on tax implications?

If you search under Bulgaria you will find many discussions here already.
Property in Bulgaria
Bulgaria good or bad
Bulgaria sunny beach
to name but a few. Click 'Search' and enter Bulgaria to see many more discussions.

Last but not least, is the "value" of these foreign properties closely linked and over-dependent on cheap air travel costs and convenient routes?

Please post property speculation/investment queries in the Property Investment forum and not the Mortgages and Home Buying forum. I had to move this one.

I can't remember who it was, but someone recently here told us how they were advised to go and have a look before buying and how glad they were that they went, because the place turned out to be a dump and full of crime and beggars and that he had heard of people who had bought and consequently furbished their place only to find it burgled... Overall a very offputting story. The EU has postponed accession of Bulgary due to the huge crime rates, so I'd do a lot of research before going anywhere near this!