General Information on Bulgaria
When purchasing a property in Bulgaria, we strongly recommend you to instruct a local lawyer to check permits, planning and paperwork. When purchasing on a new development many things must be must be checked, i.e. zoning restrictions, building regulations, access to an official road, availability of water and electricity supply, telephone lines.
In Bulgaria, if a property is being sold with land ( not an apartment ) you will need to form a company as the land owner ( much the same as a " Limited " company in the UK ). This is not as complicated as it might at first seem and is an everyday practise in Bulgaria, so your solicitor will be able to arrange this for you easily.
Economy
Bulgaria is a former communist country. The government has shown a strong commitment to economic reform and responsible fiscal planning and has now benefited from entry in to the European Union as of January 2007. This will see large sums of foreign investment and a large boost to the already stable tourism industry.
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New Developments
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