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One of the perfect property investment opportunity is to buy real estate in Bulgaria

When buying a property abroad one has to take into account many other things than just price and location: cost of life, country climate, local climate, roads, law system, health system, shops, tourist attractions and places, bank system, methods of payment etc.
One may be buying a holiday home to use for a week or two, others may decide to retire and move to Bulgaria permanently because of the much cheaper cost of life.
The most famous towns in Bulgaria are: Sofia, Varna, Veliko Tarnovo and Bourgas. There are many tourist resorts as well: Sunny Beach, Golden Sands, Bansko, Pamporovo, Borovets, Arbanassi.

The prices of the Bulgarian properties start from 6, 000 Euros for rural house, which almost 100% will need a renovation to reach the western standards. Villa on the Black Sea will cost about 150 000 Euros, and comes with 1000 sq m. The main advantage there is not just the very cheap prices, but the land, which normally comes with the house - 1000 sq m!
According to the Bulgarian Constitution, foreign individuals can buy buildings but not land. Therefore the most common method for foreigners buying property in Bulgaria is to set up a limited company which then owns the land and the buildings (normally cost 500 euros).

The law is expected to change soon as Bulgaria is to enter the European Union in 2007. This historic restriction is one of the reasons why property in Bulgaria is so competitively priced compared to Western and Central Europe.
Bulgarian real estate agencies charge normally from 3% to 10% for their services provided. The common practice is the viewing trips to be free, in case the customer decides to buy a property; otherwise he will be charged a certain amount to cover the car expenses.