Finding Properties in Bulgaria

People interested in Bulgarian property purchases should be sure, if they come from outside of the country and are U.S. citizens or foreign nationals of any other kind, should be sure to become familiar with the laws and regulations surrounding the acquisition and stewardship of Bulgarian properties. In this regard, it should be noted that Bulgarian property, as such, is reserved for citizens of the country and companies formed and owned by Bulgarians. By contrast, foreign citizens acquiring Bulgarian properties may be able to do so permissibly and legally, but will generally have to undertake a more complicated and involved process in order to do so. In general, foreign purchases of Bulgarian property tend to be accomplished through the route of creating companies which can be registered as being Bulgarian. Foreign buyers of property in Bulgaria will often take the approach of creating limited liability companies, which services inside the county may assist with setting up and creating. In terms of the overall damage suffered to real estate markets throughout the world as a result of the global economic recession, the market for Bulgarian properties and real estate has been noted as being relatively strong. The first 2010 quarter experienced more sales of property in Bulgaria and other forms of economic transactions in comparison with the first 2009 quarter. The market for Bulgarian property was affected by the recession for a period, so experts do not believe that a real estate bubble is forming, but point instead to buyer confidence returning to a healthy level.