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FREQUENTLY ASKED QUESTIONS

USEFUL INFORMATION


  WHY BULGARIA?
  WHAT ARE THE PROPERTY PRICES LIKE IN BULGARIA?
  WHAT IS AVAILABLE ON THE MARKET?
  WHAT IS THE WEATHER LIKE?
  ARE THERE ANY RESTRICTIONS FOR FOREIGNERS?
  HOW DO WE TRAVEL TO BULGARIA?
  DO WE NEED A VISA TO TRAVEL TO BULGARIA AND HOW LONG CAN WE STAY?
  TOURISM IN BULGARIA?
  WHAT ARE THE LONG-TERM ECONOMIC PROSPECTS?
  WHAT'S NEXT?
 

Why Bulgaria?
Bulgaria is a country in SE Europe, about the size of England but with a population of only around 8 million. For years Bulgaria has been a favourite holiday destination for Eastern Europeans, but in the recent years it has opened its doors to the rest of the world. Its mountains, beaches and old fashioned rural tranquillity offer a glimpse of Europe which has long since disappeared under the noise of traffic and concrete.


What are property prices like in Bulgaria?

Property prices in Bulgaria offer excellent value for money compared to other holiday destinations in Europe. They also offer a good investment considering the long-term prospects for the country. An average seaside villa can be purchased for around 55,000 EUR, with rural properties being offered for even less. Whatever your budget, Bulgaria offers considerably better value for money than any other European holiday destinations. 


What is available on the market?

The majority of our clients are looking for holiday/second homes often with a view to retirement in later years. We are able to source a variety of properties within different price bands including seaside villas, country homes as well as commercial properties. Whatever you require we will endeavor to locate suitable properties for you to view.

 

What's the weather like?
Weather in Bulgaria makes the country an ideal destination for both - Summer holiday or Winter breaks. If you're looking for guaranteed sun and the atmosphere of the Mediterranean, but without the crowds, then make Black Sea your next destination with about 290 days of sunshine in the year. For those who love mountains - it is here in winter that some of the best skiing in Europe can be enjoyed, with excellent lift facilities and ski runs. Generally summers are longer and warmer (and guaranteed) whilst the winters are shorter but can be more severe. The coastal line has a mild climate and rarely sees snow in winter. For 5 months (May - September) average temperatures are 25 degrees Celsius and often above in the peak summer period.


Are there any restrictions for foreigners?

According to the Bulgarian Act on Foreign Investment, foreigners can buy buildings but not land. Therefore the most common method for foreigners /and recommended by the Law/ is to set up a company which then owns the property. We can organize the entire process from start to finish. This restriction will be valid until 2014 and after that the foreign citizens will be able to purchase land on their personal names.



How do we travel to Bulgaria?

Direct international flights are available to the capital Sofia, Varna and Burgas all year round. Direct charter flights to the Black Sea (Varna/Burgas) are available during the spring/summer months. Charter flights to airport Plovdiv also are available from October to March /for tourists for Rhodope mountain and Pamporovo ski resort/.


Do we need a visa to travel to Bulgaria and how long we can stay?

No visas need for citizens of the European Union. For other nationalities - must call in the Bulgarian embassies in their countries.



Tourism in Bulgaria?

As a traditional holiday destination Bulgaria has a variety of attractions to offer visitors including some of the most unspoilt countryside in Europe in contrast to other more famous European destinations. Information can be found in the Internet.


What are the long-term economic prospects?

Following the changes in 1989 throughout Eastern Europe, Bulgaria has been going through a transformation from a state-controlled economy to an open market economy. Recently the main economic indicators have stabilized. Bulgaria joined the European Union in 2007. After that the European Union was invested millions of pounds in upgrading the country's infrastructure - roads, airports and so forth - as well as schemes such as the Beautiful Bulgaria Project targeted at refurbishing the historical architecture and tourist resorts. At the same time, new private investment will bring Bulgaria in line with its European neighbours in the near future. 


What's next?

Keep checking our property pages as they are updated regularly and see if anything interests you. The best thing we find with clients is for them simply to come out and let us show them around. Once here, we find that our clients' priorities and expectations change in light of what they see on the ground. It is easier to cater for these changes when you are in Bulgaria and we are confident that we can find you exactly what you are looking for.

e-mail for direct contact: optima_n@abv.bg

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