If you’re looking for your next home sweet home, then perhaps it’s time to put Bulgaria at the top of your list. This underrated Balkan gem has been experiencing a bit of a real estate boom and foreign investors are starting to take notice.
In the first three months of 2017, foreign investors accounted for 88 per cent of all real estate transactions with that number expected to grow by the close of the year. This has been a record year with a volume increase of 158 per cent—the highest in all of the Central and Eastern Europe region.
On top of a booming real estate sector, Bulgaria also has a strong and stable economy with GDP growth expected to exceed 3.7 per cent not to mention historically low rates of unemployment.
The combination of a real estate boom and a strong economy means Bulgaria may not be such a hidden gem for much longer.
For those looking to seek a second citizenship, Bulgaria offers visa-free access to Schengen countries, as well as some of the lowest tax rates within the European Union. Additionally, there are no residency requirements—meaning your real estate purchase could actually be an enticing investment.
For more information on the requirements for application, schedule a free consultation with us today.