apartments and villas and raising the standard and quality of recreation and living. The accession in the European Union scheduled for 2007 is another important factor to define the property investment in Bulgaria as highly beneficial one.

Being a foreign buyer, once you decide to purchase Bulgarian property, you need to be aware of few restrictions imposed by the domestic law. Still according to the Bulgarian legislation non-nationals are not entitled to possess land which however is due to be amended before the country joins the EU. What the Bulgarian law allows in these circumstances is to buy land through registering a private company on your name which will become the actual owner. For the registration of the company there will be a solicitor's fee of approximately £400 and you would also have to pre arrange a starting capital to be put as a deposit into your company's business bank account. The required deposit is usually 5000 leva / approx. £1800 /. It will be back to your availability once the sale is fully achieved and the property ownership transferred to you.