The beauty of the place and the hospitality shown by the locals in addition to the low price has encouraged more and more foreigners to buy property in Bulgaria. Located in Southern Europe, occupying the eastern part of the Balkan Peninsula, the country offers you few of the most spectacular landscapes.

Bulgarian property is one of the last undiscovered property secret in Europe. The property in Bulgaria has low rates of taxation.

For Western European property buyers, Bulgaria has become the new destination. There are various real estate properties for sale in Bulgaria. The property in Bulgaria involves speculative opportunities for the buyers who are brave, but smart. Such buyers can benefit a lot from their real estate investments here. It is considered as the fastest growing tourism market in Europe.

Foreign investors are allowed to purchase Bulgarian property directly through local companies. A non-residential however can only acquire buildings. There is no legal restriction on foreign participation in companies.

However, the new Foreign Investment Act (1997) has made it easier for the foreigners to acquire property. According to this act, one doesn’t require to seek prior approval of the Ministry of Finance to conclude purchases.

But buying a property in Bulgaria can be a daunting task if you are unaware of the ‘inside track’.