Bulgarian education is popular with students from the EU and the former Soviet block thanks to low living and tuition costs. Its reputation has been enhanced by EU accession, which obliges other EU states to recognise the diplomas issued by Bulgarian universities.
Countries with lower property prices sell more to
Buyers often wonder whether real estate agents are necessary when buying property. At Tranio, we truly believe they are. Read on to find out why.
Russian and CIS property transactions abroad are declining but demand for commercial property is picking up the slack.
Russia’s recession has hurt foreign investments, but it has not affected their buying habits as buyers continue to seek out luxury residential property abroad.
In Bulgaria, immigration is governed by the law “On Foreign Citizens” (Закон за чужденците в Република България) which defines the rules for visas and residence permits.
Taxes in Bulgaria are relatively low in comparison to other European countries.
It costs about €500–700 per year to maintain property in Bulgaria. These charges include taxes, utility bills, insurance and maintenance services but not mortgage or repair expenses.
Buying property in Bulgaria is quite straightforward. Individuals must present their passport and a legal entity should submit its constituent documents.
Property along the coast and in mountain resorts is attractive to buyers of all nationalities. Russians tend to buy homes near the coast, whereas, let's say, the Brits prefer rural or mountainous areas.