More than 300 thousand Russian citizens were able to assess the investment attractiveness of Bulgarian properties, buying an apartment or private house on the beach. What is so attractive properties in Bulgaria for the Russians?
Advantages of buying property in Bulgaria?
First, property prices in Bulgaria, of course, some of the most affordable in Europe. For example, the purchase of local real estate at the beach will cost You less in average 2-3 times, than buying a holiday property in Spain, Portugal or Italy!
However, it is worth noting the fact that with the entry of Bulgaria into the EU, the price of local housing is constantly growing and, as a consequence, there is growing interest from investors. In addition, the Bulgarian legislation clearly regulates the ownership and provides guarantees to investors.
Secondly, citizens of Russia, who became the owners of Bulgarian property, can be simplified to obtain a multiple-entry visa valid for up to 3 years. Thus, buying a cheap apartment or apartment, You will receive a multiple entry visa and will be able repeatedly to visit Bulgaria.
Thirdly, thanks to the low rates of profit tax and VAT (in Eastern and Central Europe), investing in Bulgarian property is most attractive and profitable!
How to make money on your property in Bulgaria?
You can buy an apartment in Bulgaria cheap and then rent it out. Thus for You as a foreign person, tax on income from rental housing rent is only 10%!
Subsequently, when housing prices will rise, You'll be able to sell your apartment by paying again the tax is 10% (the difference between the cost of the property and the purchase price minus the 10% who are recognized as expenses) received by You, as a foreign natural person, the income from the sale of real estate.
Planning to earn in this direction, You are advised to consult with a local experienced realtors who tell you in which cities and their regions a high demand for rental flats, apartments or houses.
Earn good money and can buy commercial real estate with the purpose of development of own business (restaurant, shop, fitness room, SPA, etc.).
Alternatively, You can become a co-investor in the construction of hotels in the resort towns of Bulgaria and guaranteed profit 60 to 80%. Here the main thing not to lose in choosing the town and resort!
