Comments on: Bulgaria Property Investment How High Is The Risk?

By: Dirk N

Dirk N — Mon, 12 Oct 2009 12:48:54 +0000

well probably one of the highest in Europe. high returns imply high risks.

By: toto

toto — Mon, 12 Oct 2009 12:31:00 +0000

be very careful in Bulgaria it is a very high crime area lots of drug related problems make sure you only buy property that has security

By: Red

Red — Mon, 12 Oct 2009 12:13:34 +0000

LIke all investments there’s a risk.Property prices and political turmoils can ruin investments.I recently read that the Bulgarian govt might start to impose certain restrictions on the UK due to the government putting limits on Bulgarians/Romanians who want to work over here.Don’t know what they are gonna due.
I have a friend who has “purchased” a flat in a developent by the Black Sea ..the thing is they have to sell all the units or a large percentage b4 they can start to build.So basically your gambling with the othere being sold..
All I can suggest is you contact a authorised financial adviser for the options open to you..and do loads of research..
Good luck

By: bradleyx

bradleyx — Mon, 12 Oct 2009 11:37:30 +0000

I would say high risk. My fathers friend has done this, he is currently in Bulgaria, buying up houses for £20,00 each, ready for the price rises, when Bulgaria is officially a member of the EU..

By: fargo

fargo — Mon, 12 Oct 2009 11:21:57 +0000

You just have to be careful of which developers you go to. I have purchased in Burlgaria in Bansko which is skiing resort – alot of interest there. Are you can go to sunnybeach with reputable builders. I used a company called http://www.globalchoiceproperties.co.uk. they are very informative do not push sales and offer you all the help and advice you need. They offer properties with guaranteed rental income which takes the risk away. Have a look at their website.

By: Pope my ride!

Pope my ride! — Mon, 12 Oct 2009 11:11:06 +0000

The risk is high my friend, many licenses dont exist, and off plans are highly over valued in excess of 15%, With reference to the “mri” comment there, Without being slanderous, go to the links i have supplied, I think it says it all. Stay away!