Bulgaria is one of the newest countries in Europe.
Previously an ex-soviet country, Bulgaria is now part of Eastern Europe and after years of trying to join the EU and bringing the country up to speed with rules, regulations and infrastructure Bulgaria finally joined the EU in 2007.
Since then Bulgaria has had targets it has been required to meet in order to complete the full transition into Europe.
So what does it now mean to you or me? Well, simply, Bulgaria joining the EU means that once the full transition has been made you will easily be able to buy or sell in Bulgaria regarding property and land and you will be able to travel there as you see fit.
At present it is already easy to purchase land and property in the EU but it still requires that a Bulgarian company must be formed first.
This is one of the last major hurdles that the EU are getting rid of.
The full transition of Bulgaria joining the EU will end in 2014, meaning that by then Bulgaria must meet all the standard EU rules and regulations that the rest of Europe have to abide by.
This will include non-Bulgarian citizens being able to buy land or property therefore meaning there will no longer be a requirement to set up a Bulgarian company to buy land.
Bulgaria joining the EU is also likely to mean and increase in land and property values over the coming years. As meeting EU regulations often incurs more costs and expenses it inevitably means these costs are passed onto the sale value meaning land and property values can quickly rise.
Bulgaria joining the EU also means improvements in infrastructure such as roads and connections to main towns and villages need to be made. Again, this can mean an increase in land and property values as places become more accessible and appealing as standards increase.
So, Bulgaria actually joined Europe in 2007 but the transition will not be fully complete until 2014, meaning there is still a small window to buy land and property at highly competitive prices with every chance that these values will steadily increase over the coming years.
Bulgaria being part of the EU should also mean that overall standards and practices increase and improve including things such as building regulations, infrastructure and legal processes which must be a good thing.
Bulgaria is the newest country in Europe and is quickly set to become the hidden gem of the EU when it comes to investment and land purchasing.
Bulgaria is quickly becoming the number one country in Europe for Land Investment and also has many opportunities for buying a Bulgaria property. |
