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Buying in Bulgaria

Discussion forum for expats moving to or living in Bulgaria.

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Buying in Bulgaria

Post Posted: Fri Sep 02, 2005 9:19 pm

I want to invest in Bulgaria, done loads of researcch going over in October when it's a bit quieter, I have a friend who's Bulgarian and willing to form a partnership with me do you think this is better than going it alone, any advice welcome.
Thanks Kirsty

 

Kirsty
Newbie
Newbie
 
 
  
Re: Buying in Bulgaria

Post Posted: Sun Sep 11, 2005 3:04 am

Depends what you are investing in, if it is a service for Bulgarians then a BG partner is surley a must to have an insight to customer requirements.
If property is your intention and you are selling to Brits then you would need to be 'hands on' as you would better know what is sought after.


_________________

\'HAPPY TO HELP\'

 

WOODMAN
Regular Poster
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Re: Buying in Bulgaria

Post Posted: Tue Sep 13, 2005 2:16 pm

Hi Kirsty,
if you are planning to buy a sea view property you can contact me.
Free viewing trip.
delyan_dimitrov @ abv.bg
d_dimitrov @ address.bg

 

delito
Newbie
Newbie
 
 
  
Re: Buying in Bulgaria

Post Posted: Tue Sep 13, 2005 3:27 pm

Hi Kirsty,

If u want to buy without the rip-off fee's of agents contact us we have bought many properties in Bg without agents and saved alot of money.

Glyn & Minka

 

ultra-bg
Regular Poster
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Re: Buying in Bulgaria

Post Posted: Tue Sep 13, 2005 9:27 pm

I think rather than going immediately into 'partnership' with anyone, it maybe might be best to take a route of 'let's work together for a few months and see how we get on'. This would be far preferable to giving someone shares or part control of your business if it is your idea and your money. Even if they put up half, we have seen disagreements and arguments happen with many similar situations, leading to disappointment and loss all round.

I notice that here a couple of people have come on to say they have something to sell or are willing to help you buy for 'nothing' - be careful and use your common sense - if someone in England said this to a foreigner, what would you tell them? Hmmmm! Most agents who are reputable and have long standing do not need to put up this kind of post on a forum anywhere as they have made their successful business without having to resort to this kind of subterfuge selling.

Before you decide what you are going to purchase or whether to take in a partner, why not come over here for yourself and just take a look around (sorry, perhaps you have done this already !? if so, apologies). You don't necessarily have to meet anyone or any agents, just see for yourself and get the 'feel' of the place. After that you will be well placed to make a decision about what you might like to do.

You don't say if you are considering moving here permanently or not, but I think your idea of coming over in October is excellent; that way you will experience the country and what it's like first hand.

All best wishes and please do let us know how you go on


_________________

www.questbulgaria.com

 

QuestBulgaria
Frequent Poster
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Re: Buying in Bulgaria

Post Posted: Wed Sep 14, 2005 11:41 am

Who said something for nothing ? we have done our homework over the last few years in Bg and know all or most of the pitfalls into buying and selling of land or property in Bg. We have proved it can be done and our proof is an apartment in Sofia also 3 beautiful houses of national importance one of which is the most famous house in Geravna and a large plot of land in the Balkan Range and they were all bought without agents saving us over 15,000 euros, all you need is a good lawyer and be prepared to walk, talk and do your homework.........Reputable agents don't make us laugh Smile


_________________

Ultra Bg Building On A Reputation

ultra-bg.tripod.com/amteco-build

 

ultra-bg
Regular Poster
Regular Poster
 
 
  
Re: Buying in Bulgaria

Post Posted: Wed Sep 14, 2005 11:50 pm

Hello there

I think that's great that you have done so well in Bulgaria - well done you! Always nice to hear a success story.

Perhaps the thing I'm trying to say is that not everyone is comfortable going out on their own in bg and trusting locals, even ex-pats who have suddenly decided that after buying a property they know all the legal issues, and can can give 'advice' to other Brits, become an estate agent, and so on..

We lived in France for 10 years and saw this happen there; most of these types of people who set up on the back of buying a property, went out of business quite quickly, but not before they had taken their 'cut' from lots of unsuspecting purchasers. The only people who can really advise on legal issues here are independent, reliable lawyers, accountants, currency exchange firms, bankers and so on... in essence, expert and individual advice. It just isn't possible for any one individual to be an expert in everything.

As you know, we are an independent publisher in Bulgaria servicing the english-speaking market interested in buying here and we meet agents, constructors, lawyers, builders (!?), buyers, investors, and so on... every day. We interview them, talk to them and then report our findings in unbiased and informative editorial in our monthly magazine. We are not linked to any real estate business whatsoever, or indeed any other entity, we are not trying to sell houses, translation services, building services, etc., so have a great knowledge of what goes on without being in any way involved - this makes our reporting reliable.

I am sure you are really well intentioned and it's nice to see your posts, but I think it might be a good idea if you want people to contact you to maybe give a bit more substance to interested purchasers.. as an example, to give your qualifications for being able to provide assistance on 'all or most of the pitfalls' of buying and selling in bg. You are perhaps a practicing bg lawyer, quantity surveyor, expert engineer..... so that would be great to say to others! I think we can all remember what it was like when we were back in Britain wondering if we were doing the right thing, so this kind of in-depth information about you would be of assistance.

In fact, as an off-thread answer, we would welcome a contribution from you to our magazine. Of course it would have to be informative and unbiased and publication would be at editor's discretion. I know the readers be interested.

Just going back to the original thread, some people feel happier with estate agencies - and I think that this is fair and reasonable (after all in the UK, we often use agents), they have their place and do provide a service (whether you like them or not - lol).

What I am trying to say to everyone interested in buying here is "don't lose your head" but treat agencies and all those who offer services in bg as you would those in Britain. Just be careful, that's all

And finally, sorry, but I really have to say this, I think it is not at all nice to say something in bold and bright red like "reputable agents don't make us laugh". There are many agents over here in bg who have been in business dealing with overseas purchasers for some 15 years or more. Any reputable agent has longevity like this, otherwise they would not stay in business for this length of time. It is absolute proof that they have been doing good business over more than a decade.

I hope very much that you continue to do well and that all the people who are interested in purchasing property in this wonderful country do well too.

All best wishes

 

QuestBulgaria
Frequent Poster
Frequent Poster
 
 
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