Hello all!

Is it risky buying property in Bulgaria, it just seems so daunting with the language barrier. is it difficult to find a good bilingual solicitor there.
I´m torn between buying an apartment in a ski resort or one in a sun resort. Which would be the better investment as regards ability to rent etc

Sorry for all the questions!

Hello all!

Is it risky buying property in Bulgaria, it just seems so daunting with the language barrier. is it difficult to find a good bilingual solicitor there.
I´m torn between buying an apartment in a ski resort or one in a sun resort. Which would be the better investment as regards ability to rent etc

Sorry for all the questions!venelina svetlinova foteva is a good bilinguial solicitor in bulgaria email is, lawoffice_paragraph@mail.bg she charged e 300euro for contract signing and sorting out with the tax authorities

Hello all!

Is it risky buying property in Bulgaria, it just seems so daunting with the language barrier. is it difficult to find a good bilingual solicitor there.
I´m torn between buying an apartment in a ski resort or one in a sun resort. Which would be the better investment as regards ability to rent etc

Sorry for all the questions!

Hi Louise

You have good questions! Yes, there is the language barrier, but this is not so bad as most of the Bulgarians speak English, especially in the areas which are good for return on investment. It is no more risky than buying anywhere in the world - just make sure you retain your common sense!

No one can say whether it is better to rent in a ski resort or on the sea. It is up to you to decide what kind of return you want; then you need to research what kind of rental you can achieve on your chosen property. You also have to take into consideration your marketing strategy as this will probably have the most major impact upon your results for renting.

The other element to take into account is the actual gain the property will make. That way you have a combination of capital appreciation and rental income.

English speaking lawyers are easy to find - but, if I can make a suggestion, don't settle for the estate agent's solicitor but rather find one of your own as they will be acting solely in your interest. We just recently had a subscriber to our magazine who we put in touch with a trustworthy lawyer as he was thinking of buying three properties here through an estate agent who wanted him to use their 'in-house' lawyer. The independent lawyer we recommended uncovered enough to stop the guy buying - which was great news as it was much better to find out any "nasties" now rather than after he signed. The potential buyer is now working with other agents, recommended again, to find properties without problems.

Hope this helps? If you have any questions or need any other unbiased help, please do let me know.

All the best


www.questbg.com

Hi we are representing bulgarijn agensy for property . I`m sure if you work with us never will have any problems.
JUST try www.sasrealestates.com
Established 1995

English speaking friendly and helpful.
UK Contact:
Plamena Stoyanova
Graham Simmons

+447886101344
plamena_79@hotmail.com

As i red previous post before mine I think the lady from questbg is right. It is realy so that most of the bulgarians , especialy profesionals in property selling, speak english and are familiar with english culture, law, etc.
So don't worry about this just pick some agent with experience in this field.
If talking from my experience you can check this one : http://pdbulgaria.com/
i have a good working experience with this company.

Best wishes and good luck

Plamen

Hi Plamen

Yes, the most important thing is for people to check out any agent.

For all the potential BG buyers on here : how long have they been in business? (If they have been in business for a long time then they must be doing things right). Can they let you contact other people who have bought with them? and so on.... the key here is to not lose your head but keep common sense and not believe all that they tell you.

Personally, I wouldn't believe one single person who recommends or says 'don't use them' on any forum - do your own research!

"Nyama problem" is an oh so frequently heard phrase but often leads to a bad result once you've signed and parted with your deposit money - take precautions and keep your wits about you!

There are plenty of good agents, you just have to make sure the one you are using is trustworthy and get yourself an independent lawyer. Then you'll be just fine.

Quest Bulgaria

Hello all!

Is it risky buying property in Bulgaria, it just seems so daunting with the language barrier. is it difficult to find a good bilingual solicitor there.
I´m torn between buying an apartment in a ski resort or one in a sun resort. Which would be the better investment as regards ability to rent etc

Sorry for all the questions!
Hi
Don't worry about the language barrier. Visit to our site : www.real-estatesbg.com
and call to UK tel. with your requirements.

Hi
Don't worry about the language barrier. Visit to our site : www.real-estatesbg.com
and call to UK tel. with your requirements.

Hey !!! Language barrier, yes, of course, and it's nice to find any agent who speaks english .... but stating 'don't worry' when you are selling something,.... come on now!

Quest Bulgaria

I agree with Chervenkov. Don't worry or No problem usualy means that there are plenty of things to worry about :) So please help people with good advices and experience, facts, etc. Do you realy think people will trust you or your agency when you say Don't worry ??

Hi Louise

I have noticed you haven’t replied to any of the messages left here. I suppose I don’t blame you as you posted your message on 15 June 2005

There are risks in investing in Bulgaria. More so then any other established countries such as France, Spain or Portugal.

In order to reduce your risks you need access to unbiased information on Bulgarian property. After all who knows what’s going to happen in the Bulgarian property market place in a few years from now.

Which areas in Bulgaria are the best to invest in? I would say the capital Sofia, followed by Varna the sea capital. If you’re on a budget then the ski resorts are favourable for rental income --The black sea coast—well if you prefer a holiday home yes, but for rental income not very favourable unless the property is situated in a first line development area.

I agree with Quest Bulgaria, find an independent lawyer for all your property matters. As a matter of fact they have a great informative magazine covering all aspects of Bulgaria. I subscribed to their magazine the first day it was released and I have never looked back. It’s packed with great information.

Highly recommended it if you’re moving or investing in Bulgaria

All the best

Surrinder Ahitan

www.bulgarian-property-advice.com

I have bought two houses in Bulgaria and am now living and working here. I believe that, even if things don't work out well for me and I have to sell up, I will make back, at the very least, my outlay.I can't see that there is any risk at all so long as you use a good agent or have trustworthy people to help you through the process. In addition, you need a good lawyer. I had one who spoke perfect English and who charged me the standard rate of 600 Euros. Her name was Sylvia Jordanova in Veliko Turnovo. Unfortunately, she did not do the process correctly, nore would she help to sort out the mess she created. This meant I had to pay jefty fines and pay someone else to complete the job propertly, not to mention DSL mailing costs! So even if you try to do it properly (and not on the cheap), you can still have problems. My agent, though trustworthy himself, recommended this young woman in good faith. I do now know a good and trustworthy lawyer and will use him if I buy another property. For agents, I can recommend bulgarianproperties.com as their company ethos is to provide 100% reliable and honest service both before, during and after sale. Take a look at the website - ALL costs are included in that price and they even mention negative points about properties on their website.

I have dealt with building works myself and had the luck to find a wonderful builder, Tzako who charges very fair prices and has done a great job for me here in Veliko Turnovo. On the other hand, my carpenter, Marin Jordanov Hristov, ID 7401233088 ran off with my money! (50% up front). If your budget will stand it, I suggest using an agent who will do everything for you.

Let me know if I can be of help.
Sandra

QUOTE For agents, I can recommend bulgarianproperties.com END QUOTE BY FIREFLY (SANDRA)

Why on earth don't you come right out and say it like you have on other forums - that you are a 'consultant' working for them and let everyone know you have an interest in selling their properties (as if it were not obvious enough) ?????

Hello Louise,

i do understand your position, you are aware before putting money in a project you don't feel safe and secure.

Purchasing properties may be risky sometimes, this is why you can potentially make good profits :)

Bulgaria is booming, the economic and political situation is stable and more and more foreigners investors are keen on this country.

to answer at your question is not hard to find a good bilingual solicitor in Bulgaria.
As i work for a bulgarian real estate i can literally tell you you will not have any problem to get a good lawyer.

Ski resort, Bansko is the best place right now.
I am sure you have heard about this incredibly beautiful place with amazing developments.
Umbelivable how many complexes you might find it over there.
Great price, capital appreciation, rental guarantee.
look www.topbulgarianproperties.com

you will see many of those, some may suit you! :)

Hello:) i just joined this forum. I am looking for some advice. I just put down a deposit on an offplan property in Kranevo, Bulgaria. I am searching for a bilingual solicitor in Bulgaria close to where i am purchasing the property. I do not want to use the developers' or agent's lawyers. I would like to know if someone is familiar with a solicitor in good standing and does good work that is not charging high prices. I have heard a lot of gruesome stories about solicitors ripping people off. I look forward to hearing some information on this.
ciao
Bella ;)

Kranevo is a good place and I am sure in Varna you can find a good lawyer who speaks english!

Hello all!

Is it risky buying property in Bulgaria, it just seems so daunting with the language barrier. is it difficult to find a good bilingual solicitor there.
I´m torn between buying an apartment in a ski resort or one in a sun resort. Which would be the better investment as regards ability to rent etc

Sorry for all the questions!


It can be risky buying a property everywhere honestly speaking.
having said that the majority of bulgarian estate agencies talk good english and some of them have agents in UK!!

i will be delighted to help you as we have bilingual solicitor who can answer any question you might have.

About investing on the coast or in a ski resort there is no a straith answer. It depends the resort you go for; taking into account luxury complex, facilities, amenities, posizione and so on. you want to rent it out therefore must be a good-attractive holiday place.
i can give you further information

just write me at
monica@topbulgarianproperties.com
or call me 00447884094461

have at look at our web www.topbulgarianproperties.com

Hi to all, I am interested in purchasing a house with land in Vidin. Does anyone know the area and its potential.
To buy a house with land, according to Bulgarian law you need to set a Co Ltd first has anyone done this and is it safe having people acting on your behalf? How long does the procedure take and when will the house be legally owned by the new owner?

Thanks if anyone can help it would be greatly appreciated
MD