Q: Can foreigners own real estate in Bulgaria?
A: According to the Bulgarian Constitution, foreign individual persons can buy buildings but not land. Therefore the most common method for foreigners buying property in Bulgaria is to set up a company which then owns the land and the buildings.

Q: Can you help me with setting up a company?
A: We can organize the entire process of establishing a company from start to finish.

Q: Is it profitable to buy off-plan property in Bulgaria?
A: Yes, it is profitable. Buying off-plan property in Bulgaria is more attractive because new apartments and houses are built to a higher standard with more facilities on the complexes that appeal to foreign buyers and holiday makers. Other reason to buy off-plan is because the new property will not be built for another 12-24 months and you are buying into a development at an early stage - it is cheaper and in some cases buyer can require additional extras for the interior or room disposition. The prices for similar properties for sale in Bulgaria would be significantly higher, as the past trend showed a good capital growth for properties in Bulgaria.

Q: What is the quality of construction in Bulgaria?
A: Recently, the quality of construction has increased significantly.

Q: How long does buying a property in Bulgaria take?
A: Usually it takes 2-4 weeks to buy a property in Bulgaria depending on the type of property you buy.

Q: How much do the prices of the real estate rise annually?
A: The prices of properties rise with 10 to 35 % annually.

Q: Are Bulgarian properties easy to rent out once purchased?
A: Yes, they are, but it depends on the location and attractiveness of your particular property. The most popular regions at present are those at the seaside or in the mountains.

Q: What is the local feeling towards foreigners owning property?
A: The Bulgarians are warm and friendly people in spite of difficulties in their life. Bulgarian people are very tolerant - there is no hostility between different nationalities, religions or cultures. The Bulgarians are happy to see people bringing wealth and foreign investment to their community.

Q: Is Bulgaria a member of the European Union?
A: Yes, it is. Bulgaria joined the EU on 01 January 2007.

Q: Is Bulgaria a member of NATO?
A: Yes, it is.

Q: Is the Bulgarian currency stable?
A: Yes, the Bulgarian lev is tied to Euro. The exchange rate is 1,95583 leva for 1 Euro.

Q: What is the official religion in Bulgaria?
A: 90 % of the Bulgarians are Greek Orthodox, 8 % - moderate Muslims.