Buying property in Bulgaria remains a simple procedure, especially when the deal is made to an individual, although mortgage lending conditions for foreigners have become much stricter. Despite this, demand for houses and apartments at seaside and ski resorts remains high, and the number of deals stays at pre crisis levels and in some places even grows. The article also explains why Russians find it easy to navigate Bulgaria and why it is better to trust verified real estate agents when buying to avoid dishonest sellers.
The process of completing purchase and sale transactions in Bulgaria is not complicated, especially if the property is being purchased by an individual. However, the lending conditions for real estate transactions have become stricter. Today, Bulgarian banks are not as willing to grant loans to foreigners as they were 3-4 years ago, and interest rates on mortgage programs in a number of banks have become much less attractive. Nevertheless, at the current property prices, this has not become a serious obstacle for large and even medium-sized investors: the sale of houses in Bulgaria, both at seaside and ski resorts, is hugely popular, and the number of transactions concluded in this sector remains at the pre-crisis level, and in some regions there is even a trend toward growth.Thanks to the similarity of the languages and the friendliness of the local population, it is not too difficult for Russians to find their way around Bulgaria, so many prefer not to use the services of real estate agencies. Fraud when buying Bulgarian luxury houses and apartments is not as widespread as in Spain, but any novice investor may encounter unscrupulous sellers. Finding a professional real estate company in Bulgaria is not difficult, and commission fees are almost everywhere fixed, so it is better to entrust the solution of this serious matter to those whose integrity and business qualities leave no doubt in the mind of the potential buyer.