| 1. Bulgaria is a new member state of the European Union |
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Since joining Europe on 1 January 2007 Bulgaria is a rapidly developing country. The country gets plenty of European subsidies for investors particularly attractive. Bulgaria is one of the fastest growing holiday destinations. The value of real estate there is as yet greatly undervalued and compared to similar destinations. Unlike most other European folks, real estate prices also remained central to the financial crisis to rise by 10 to 15% per year. | ||
| 2. Bulgaria is an extremely beautiful country | |||
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Located in Southeastern Europe, Bulgaria is bordered
by Greece and Turkey to the south, Romania to the
north and Macedonia and Serbia to the West. Its
eastern boundary is formed by the beautiful coast of
the Black Sea. A land of remarkably beautiful,
unspoiled and incredibly varied nature. Bulgaria is also the center of several ancient cultures, as witnessed by the huge number of architectural treasures. Only Greece and Italy have a greater number of historical monuments. In Bulgaria you will find remnants of ancient Greek culture and Roman amphitheatres and Byzantine churches. In Bulgaria there are 160 monasteries, 36 cultural centers and 40,000 recognized archaeological monuments. Seven locations are listed on the Unesco List of World Heritage. |
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| 3. Low labor costs and living costs | |||
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Bulgaria currently has the lowest labor costs in the EU. The minimum wage is 90 euros. This ensures that you are currently in Bulgaria great value for your money. Renovations are still very affordable. The cost of living is one of the lowest in Europe. You can enjoy life for a price far below the Western European standard is. Especially the prices of alcohol, tobacco and meat are significantly lower. A meal in a restaurant in Bulgaria costs about 1/4 of the price you would pay at home. A good bottle of wine at a restaurant costs 5 to 7 euros, a beer costs 0.5 euros for 1/2 liter! The low wages in Bulgaria also ensure that the maintenance of a holiday house is cheaper than in most other European holiday destinations. |
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| 4. Low taxes and registration costs | |||
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The corporate tax in Bulgaria is
only 10%. This takes the leading position
of Ireland Bulgaria as the cheapest country for
businesses and a lot of investment attracted.
The registration fee for real estate are among the lowest in Europe: the total acquisition costs (registration fees + notary fees) amount to just under 3% in Bulgaria. |
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