Bulgaria – The perfect place to live or invest?
There are currently well over 10,000 Brits living long term in Bulgaria with most living around the inland region of Veliko Turnovo and coastal region of Balchik.
The majority of Brits living there are retired or semi-retired and enjoy a very good lifestyle due in part to a very low cost of living in general and no tax payable for example on interest from savings in Bulgaria. However, there are things to consider when it comes to buying in Bulgaria:
REMEMBER THE 3L’s – Location Location Location
How much work does it REALLY need?
Have you been there?
Consider alternatives to traditional off-plan properties or renovation projects such as self-build for example. Walnut LLC have a unique and exclusive concept in which buyers choose their own minimum quarter acre plot of regulated land with planning permission in a good area with known neighbours for self-building. Buyers have the option of choosing their own builders or builders recommended by local project managers, so that you have total control of what is built. All new buyers on the site have their project pre-approved to stay in-keeping with the ‘feel’ of the site, and to preserve the views and landscape.
Make sure you consider all available options before buying, whether in the UK or abroad and above all ensure that you do your research. For more information contact Walnut LLC here or on 44(0)1344 486396