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Bulgaria Property
Complete property services in Bulgaria
- Sim Property delivers a full range of Bulgarian property services, from
rentals &
property management to
resales.
- We actively cover Sofia, Bansko, Sunny Beach and beyond with our own offices & staff.
- Contact us for more about our full range of Bulgarian property services.
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Bulgarian property boomed before EU entry in 2007, since then prices have fallen heavily.
Taxes are generally low and mortgage finance had been ahead of its time compared to its neighbours.
Rentals and property sales in Sofia are still a little weak though we have a full Buglarian property management service there to take care of all the details.
Bulgaria property market overview
The Bulgarian property market was billed as one of the best property investment opportunities in the world over the last 5 years.
The coastal and ski resorts, in particular, became heavily oversold and are now suffering greatly.
Sofia suffered to a lesser extent. The huge boom in Bulgarian property has naturally been followed by a bust.
In the short term the outlook is tough, but medium term Bulgaria, we expect, will again perform well.
Read more about our views on the
Bulgaria,
Sofia,
Varna,
Coast and
Ski property markets.
Bulgaria Property Investments
We are not currently actively sourcing property investments in Bulgaria as the market is oversupplied and short term future
growth is uncertain.
There are, however, some very cheap property available in Bulgaria, which for cash buyers could make an excellent buying opportunity.
Read more about our Bulgaria Investment opportunities.
Bulgaria Property Prices
In the lead up to EU entry (ie 2004-2007) property prices in Bulgaria boomed and were some of the highest in the world.
Since 2007 the Bulgarian property market has come crashing down, with prices falls of over 30% per annum.
By the end of 2009 prices have somewhat stabilised but remain weak.
Read more about Bulgaria property prices.
Bulgaria Property Tax
Bulgaria has a fairly low tax regime with many of the main taxes at only 10%.
When it comes to buying property the taxes are relatively low at 2% though VAT on new builds is 20%.
Read more about Bulgaria property tax.
Bulgaria Mortgages
Bulgarian banks have toughened up their lending criteria in the wake of global financial crisis.
Typically 70-80% LTV is obtainable, 20-30 year terms with current rates from 7-8%+.
Theoretically it is possible to obtain a Bulgarian mortgage if you are self employed.
Read more about Bulgaria mortgages.
Bulgarian Rentals
Rentals in the Bulgarian ski and coastal resorts require very good marketing.
Rentals in Sofia remain slightly weak due to the large supply on the market.
We have a full lettings service in Bulgaria to help.
Read more about our lettings services and rentals in Bulgaria.
Bulgaria Property Buyers Guide & Costs
Buying a property in Bulgaria is generally very straightforward.
All final contracts are signed in front of a notary.
Costs are low compared to other European countries.
Read more about buying property in Bulgaria.
Bulgaria Property Management
We take the hassle out of property ownership with our fully hands-off Bulgarian property management service for our clients.
We look after every detail to do with your Bulgarian property - except pay your mortgage!
Read more about our Bulgaria Property Management services.
Bulgaria Property Resales
We have a full resale program for properties in Bulgaria where we aim to achieve fast and efficient resales.
Read more about Bulgaria property resales.
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