Quick Links Use our quick links to find what you're looking for. An introduction to Bulgaria Attractions in Bulgaria Travelling to Bulgaria Property Hotspots The Buying Process Mortgages in Bulgaria Contact Us about Bulgaria Off Plan Property in Bulgaria Find out more about Bulgaria and Bulgarian property ... Bulgaria has been linking East and West in Europe for more than 13 centuries is situated in Southeastern Europe, and occupies the northeastern part of the Balkan Peninsula. Bulgaria has something for everyone and off plan property Bulgaria is still growing steadily . A warm climate brings in seasonal tourism, along with a wide range of cultural and historical interests for sightseeing. Bulgaria has a temperate climate, with cold damp winters and hot dry summers. Spring from April to mid-June, is an excellent time to visit. Summer (mid-June to early September) is ideal for hiking and festivals, but is the peak season for travellers from. Temperatures can be very high during this period, the beaches on the Black Sea coast can get insanely crowded, and accommodation and camping grounds in coastal resorts tend to fill up. September is perhaps one of the best months to see Bulgaria. The ski season begins in mid-December and can last until April. Bulgaria now offers some of the best investment opportunities and, with strong economic growth and EU membership; Bulgaria is a wise choice for property investment. Investment wise, high growth figures are very achievable while land and property prices are on the increase. Over the past two years, prices have risen by over 50% in some areas and with the enormous boost to tourism currently underway; buy-to-let purchases are also proving highly lucrative. Back to top ... Attractions Bulgaria boasts a rich variety of natural beauty, from stunning Black Sea beaches, to beautiful mountains with ski resorts and it is no wonder that Bulgaria is the fastest growing holiday destination in the world. Spectacular mountains occupy about half the country's territory and the swathe of golden beaches along the 370km long Black Sea bring in hordes of tourists from around the world. Tourists can visit and stay in towns and villages that strive to preserve the authentic Bulgarian spirit and hospitality. Bulgaria is very proud of its rich and colourful folklore traditions, folk dances, music, national costumes play an important part in the life of Bulgarians. The capital Sofia is a rapidly growing city with a rich cultural heritage and it is a bustling capital with luxury shopping centres and modern recreational facilities. Sofia has a new business park attracting multinational corporations and their staff, creating a new demand for quality accommodation. Back to top ... Travelling to and from Bulgaria Bulgaria is ideally situated in South-eastern Europe and is easily accessed by direct flights from most European airports. Budget airlines have been running peak season flights to the Black Sea hubs of Burgas and Varna from most UK airports for a few years and British Airways has just jointed them and begun direct flights to Varna. Flights arrive at one of four international airports: Sofia, the largest of the airports, Varna, Plovdiv for charter flights to the ski resort of Pomparovo, and Burgas for domestic flights and for summer charter flights to the Black Sea resorts. Back to top ... Bulgarian Property Hotspots The present boom in Bulgarian property consists mainly of high quality new developments in the ski resorts like Bansko and the seaside resorts along the Black Sea Coast. Property in Bulgaria caters for all tastes, whether in terms of location or property style, with unbeatable prices. The mountain resort of Pamporovo is a good place to invest in off plan property Bulgaria. As one of Bulgaria's most famous ski resorts, the area boasts magnificent scenic views, sizeable properties and excellent value for money. Back to top ... The Buying Process in Bulgaria Off plan property in Bulgaria can be a very different experience for each person depending on personal circumstances, such as using Bulgarian banks for a loan/mortgage or taking a mortgage out on your UK property. The structure of Bulgarian mortgages are slightly different to that of the UK with a maximum limit of borrowing being 75% of the property value, and then you are personally assessed for your capabilities on repaying the loan based on some factors that are very different to the UK. A mortgage can be applied for over the phone and takes 1 - 2 weeks, for the whole mortgage process to go through it usually takes in the region of 3 months. Bulgarian mortgages are calculated on your net pay versus your outgoings and commitments such as any present mortgage repayments, bank loans, credit cards and other costs. All payments including your new Bulgarian mortgage must not total more than 40% of your net income. Financing a Bulgarian Purchase Currency: Euro Current Interest Rate: 7.5%, variable Term: 5 years – 15 years Minimum Amount: 40.000 euros – No maximum Status: Full status only Borrowers All UK and Irish residents are entitled to a mortgage provided they are over 21 years of age or under 70 upon maturity of the loan. Mortgages are also available to companies against the personal guarantee of the company's UK beneficial owners. Other terms may apply for company loans. Loan Security Any agreement is subject to pledge over company's assets (for company loans) and personal guarantees of beneficial owners (for company loans). Back to top ... Getting Finance / Mortgages in Bulgaria Bulgarian rules state that only Bulgarian nationals are legally allowed to own land although a foreign person may have full rights on an edifice, which means that you may own the title of an edifice without owning the underlying land. As in the UK, it is strongly advised that you seek legal advice before signing a purchase agreement or paying a deposit on your new overseas Bulgarian home. To purchase Bulgarian property, you must use an independent solicitor that meets the banks minimum requirements, and have knowledge of Bulgarian law so that they can act as an agent in the process. Be sure to establish your solicitor’s cost and services before starting with your banks mortgage application. DSD Bank (OTP Group) up 70% of loan value. Piraeus Bank up to 75%. Bulbank (UniCredit Group) up to 65%. First Investment Bank 70% to 80%. Ibank up to 70%. United Bulgarian Bank up to 60%. Back to top ...

Quick Links

Use our quick links to find what you're looking for.

An introduction to Bulgaria

Attractions in Bulgaria

Travelling to Bulgaria

Property Hotspots

The Buying Process

Mortgages in Bulgaria

Off Plan Property in Bulgaria

Find out more about Bulgaria and Bulgarian property ...

Bulgaria has been linking East and West in Europe for more than 13 centuries is situated in Southeastern Europe, and occupies the northeastern part of the Balkan Peninsula.

Bulgaria has something for everyone and off plan property Bulgaria is still growing steadily . A warm climate brings in seasonal tourism, along with a wide range of cultural and historical interests for sightseeing. Bulgaria has a temperate climate, with cold damp winters and hot dry summers. Spring from April to mid-June, is an excellent time to visit. Summer (mid-June to early September) is ideal for hiking and festivals, but is the peak season for travellers from. Temperatures can be very high during this period, the beaches on the Black Sea coast can get insanely crowded, and accommodation and camping grounds in coastal resorts tend to fill up. September is perhaps one of the best months to see Bulgaria. The ski season begins in mid-December and can last until April.

Bulgaria now offers some of the best investment opportunities and, with strong economic growth and EU membership; Bulgaria is a wise choice for property investment. Investment wise, high growth figures are very achievable while land and property prices are on the increase. Over the past two years, prices have risen by over 50% in some areas and with the enormous boost to tourism currently underway; buy-to-let purchases are also proving highly lucrative.

Attractions

Bulgaria boasts a rich variety of natural beauty, from stunning Black Sea beaches, to beautiful mountains with ski resorts and it is no wonder that Bulgaria is the fastest growing holiday destination in the world.

Spectacular mountains occupy about half the country's territory and the swathe of golden beaches along the 370km long Black Sea bring in hordes of tourists from around the world.

Tourists can visit and stay in towns and villages that strive to preserve the authentic Bulgarian spirit and hospitality. Bulgaria is very proud of its rich and colourful folklore traditions, folk dances, music, national costumes play an important part in the life of Bulgarians.

The capital Sofia is a rapidly growing city with a rich cultural heritage and it is a bustling capital with luxury shopping centres and modern recreational facilities. Sofia has a new business park attracting multinational corporations and their staff, creating a new demand for quality accommodation.

Travelling to and from Bulgaria

Bulgaria is ideally situated in South-eastern Europe and is easily accessed by direct flights from most European airports.

Budget airlines have been running peak season flights to the Black Sea hubs of Burgas and Varna from most UK airports for a few years and British Airways has just jointed them and begun direct flights to Varna.

Flights arrive at one of four international airports: Sofia, the largest of the airports, Varna, Plovdiv for charter flights to the ski resort of Pomparovo, and Burgas for domestic flights and for summer charter flights to the Black Sea resorts.

Bulgarian Property Hotspots

The present boom in Bulgarian property consists mainly of high quality new developments in the ski resorts like Bansko and the seaside resorts along the Black Sea Coast. Property in Bulgaria caters for all tastes, whether in terms of location or property style, with unbeatable prices.

The mountain resort of Pamporovo is a good place to invest in off plan property Bulgaria. As one of Bulgaria's most famous ski resorts, the area boasts magnificent scenic views, sizeable properties and excellent value for money.

The Buying Process in Bulgaria

Off plan property in Bulgaria can be a very different experience for each person depending on personal circumstances, such as using Bulgarian banks for a loan/mortgage or taking a mortgage out on your UK property. The structure of Bulgarian mortgages are slightly different to that of the UK with a maximum limit of borrowing being 75% of the property value, and then you are personally assessed for your capabilities on repaying the loan based on some factors that are very different to the UK.

A mortgage can be applied for over the phone and takes 1 - 2 weeks, for the whole mortgage process to go through it usually takes in the region of 3 months.

Bulgarian mortgages are calculated on your net pay versus your outgoings and commitments such as any present mortgage repayments, bank loans, credit cards and other costs. All payments including your new Bulgarian mortgage must not total more than 40% of your net income.

Financing a Bulgarian Purchase

Currency: Euro
Current Interest Rate: 7.5%, variable
Term: 5 years – 15 years
Minimum Amount: 40.000 euros – No maximum
Status: Full status only

Borrowers

All UK and Irish residents are entitled to a mortgage provided they are over 21 years of age or under 70 upon maturity of the loan.

Mortgages are also available to companies against the personal guarantee of the company's UK beneficial owners. Other terms may apply for company loans.

Loan Security

Any agreement is subject to pledge over company's assets (for company loans) and personal guarantees of beneficial owners (for company loans).

Getting Finance / Mortgages in Bulgaria

Bulgarian rules state that only Bulgarian nationals are legally allowed to own land although a foreign person may have full rights on an edifice, which means that you may own the title of an edifice without owning the underlying land.

As in the UK, it is strongly advised that you seek legal advice before signing a purchase agreement or paying a deposit on your new overseas Bulgarian home. To purchase Bulgarian property, you must use an independent solicitor that meets the banks minimum requirements, and have knowledge of Bulgarian law so that they can act as an agent in the process. Be sure to establish your solicitor’s cost and services before starting with your banks mortgage application.

DSD Bank (OTP Group) up 70% of loan value.
Piraeus Bank up to 75%.
Bulbank (UniCredit Group) up to 65%.
First Investment Bank 70% to 80%.
Ibank up to 70%.
United Bulgarian Bank up to 60%.

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