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Foreigners buying property in Bulgaria

 
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john



Joined: 11 Oct 2007
Posts: 2
PostPosted: Sun Oct 28, 2007 11:29 am    Post subject: Foreigners buying property in Bulgaria Reply with quote
There's an article on BBC World, Expats risking it all in Bulgaria, which (slightly sensationally), suggests foreigners are getting carried away buying property in Bulgaria (and other East European destinations), in the hope of making big returns. The article isn't very coherent, but the general gist is that potential buyers shouldn't take any risks out in Bulgaria that they would not take at home when buying property.

Worth checking out before you put all your chips on that downtown Sofia apartment, in any case!
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Krsto



Joined: 18 Oct 2007
Posts: 10
Location: Novi Sad Serbia
PostPosted: Tue Nov 06, 2007 9:35 pm    Post subject: Re: Foreigners buying property in Bulgaria Reply with quote
john wrote:
There's an article on BBC World, Expats risking it all in Bulgaria, which (slightly sensationally), suggests foreigners are getting carried away buying property in Bulgaria (and other East European destinations), in the hope of making big returns. The article isn't very coherent, but the general gist is that potential buyers shouldn't take any risks out in Bulgaria that they would not take at home when buying property.

Worth checking out before you put all your chips on that downtown Sofia apartment, in any case!

Not sure if this the case in Bulgaria but the state of the Land Registries in Serbia means you are always taking a risk with anything apart from new property where of course you run up against the common scam of one property being sold to more than one customer.
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