Buying Property in
Bulgaria
Many People dream of leaving the UK for
a variety of reasons, however, number one? Is there anyone who hasn't
had enough of the rain and cold by the time they're five? Show me!! Are
they of Eskimo decent? But of course, it isn't simply a matter of
selling up and taking the plunge. Or is it? Of courses, it takes
courage to leave behind what you know, after all, for all its faults,
the UK is what we know. As the old saying goes, better the Devil you
know! Over the last five years or so, people from the UK have been
spreading their wings and looking for a new life, most often,
throughout the countries of the European Union. Spain, France and
Bulgaria have certainly been Hot Spots for ex pats over recent years.
For some, it has been the right choice, for others, not so right. Many
are trying to sell up and go back to the UK, disillusioned and
disheartened. So why is it? Some are happy and others not?
Of course, there are many reasons why someone may not be content
overseas. Unfortunately, people tend to think, moving to another
country is easy, it's not. There are many issues to consider, it's not
like going on holiday. You must be prepared to adjust to changes in
food, language, culture and even legalities, especially in more rural
areas. What might seem obvious to you, may not be the logic of others.
What might seem even ridiculous to you, may be the way it is to them.
You must also be prepared to take the tortoise angle, not the hare. One
of the biggest mistakes when people move abroad? Always in too much of
a hurry! Curiously, isn't that why so many people look for a life
elsewhere? To escape the 24/7 of the UK? However, it's a habit people
find hard break, irrespective of whether they think they want to. When
it comes to buying a house abroad, don't just concentrate on doing it
quickly, concentrate on doing it right.
Spain and France have been favoured by the English for years, recently,
Bulgaria was added to the popular destinations list. And there are many
ready made Holiday Resorts available. However, what people often
forget, you're still in a foreign country! You will still have to deal
with the language, the culture and the laws. This is where the issue of
expectation comes in. If you intend to move to a different country, you
should EXPECT changes, and not just the weather! If you can do that,
you will be well on your way to blissful contentment!
The next thing you should expect? You might not choose the right
destination for YOU the first time. After all, just because the holiday
was great, it doesn’t mean you’ll enjoy living there. I might enjoy a
day trip to Blackpool, but wouldn't want to live there. No disrespect
intended, this is relative to anywhere. For instance, you might move
from London, to Torquay. There are people who love Torquay or London,
but it doesn't mean either will be the right choice for everyone. You
know the old saying, “one man’s meat is another man’s poison”!
In the same breath, people have moved to Spain, France and Bulgaria and
hate it, others love it. Be prepared to change your plans and your
location, because ‘it’ happens. But is it so bad? No! It’s a learning
curve, and it’s life. When we truly live, we learn. Although it may not
always seem so at the time, change is good for you! If you’re sitting
on a property and seek change, there are solutions and Property
Exchange is one of them. One young lady who understands all these
issues, and might be able to help, is Rachel.. Today, she’s a wiser and
a stronger person from her experiences, and wants to share them with
YOU. Her story is available online and it’s full of great advice, with
regards to living and buying property in Bulgaria. Like many people
who’ve decided to live abroad, this girl has certainly had her fair
share of ups and downs. But she’s stayed positive and has gained much,
as well as lost. If that seems like a similar story to you, it’s
definitely worth a look. If you’re thinking of buying property in
Bulgaria, it should be compulsory reading!
Around five years ago this plucky girl from Cumbria decided to change
her life and move to Bulgaria. She was enchanted by the scenery, the
friendliness of the people and the skiing! As you might know, the hype
for Bulgaria was huge, and she, like many others, dived in. Mainly,
over investing and handing over money when, instinctively, she knew it
was a bad idea. But it certainly wasn’t just her, and it certainly
wasn’t just Bulgaria. Bad deals and over investing has caused serious
problems within many of the EU countries. Way too many new properties
were built, extortionate commissions were paid, therefore agents being
guilty of helping to artificially ‘bump up’ prices. It stands to
reason, something had to give, and it has. In the UK, the housing
market has crashed, along with the economy, and the same is happening
throughout Europe. But what happens now? Is there a solution?
Absolutely!
Where ever your property is in the EU, you’ll have seen it’s value
plummet.. However, EVERYONE has seen the value of their property
plummet. We may not like it, but for sure, we’re ALL in the same boat.
Unfortunately, due to over borrowing, some are also finding themselves
with negative equity. Again, unfortunately, some have over invested and
now find they need to shift property fast, to regain financial
stability. Many are considering Property Exchange, which is a great way
to get around a slowing market, many are also prepared to sell, or
exchange, at a big loss. Although this might be a tough call for them,
for those now thinking of moving into the foreign market, this can be
EXTREMELY advantageous. After all, it isn’t just about the money. These
people have invested a lot of time and effort into renovation projects,
even building businesses. Time and effort which they will probably gain
no financial reward for. Right now, it’s an investors market, and
Bulgaria is still relatively inexpensive, in comparison to many EU ‘Hot
Spots’. So why Bulgaria? Well, why not!? One language is as difficult
as another, one culture is as different as another, and Bulgaria has
the sun, and the scenery to keep a lot of people content.
Rachel built a business in Bulgaria and has learned most things the
hard way. Now she’s dedicated to helping people to invest, and also
helping those who are willing to consider Property Exchange. Rachel has
spent around two and half years living in central Bulgaria, near Stara
Zagora and has quite an extensive personal portfolio of property (now
for sale). A large home with ample gardens can still be got for the
same price as a two bed semi back home. There are many bargains
to be had, with a renovation or investment home going for the same
price as a good second hand car. Stara Zagora is situated amongst the
beautiful Balkan Mountains. Summers are long and HOT, and during
winter, usually October through May, the climate becomes crisp, at
times, even snow. So you can still enjoy a snug night in by the fire!
There’s a nature reserve and two large reservoirs in the area, perfect
for those who love water sports or fishing. The coast and ski resorts
are just two hours away, and there’s plenty of fabulous, therapeutic,
Mineral Spas around to enjoy. In summer time, you can indulge in all
the fresh, local, produce available, vegetables, eggs, home made Rakia
(the local fire water!), a crate of strawberries will only set you back
a few Euros. Hop in the car and within a few hours you could be
sipping cocktails on the beach, or doing 60km an hour down the
mountain. Bulgaria has a lot to offer and it could, very well be, the
offer you’ve been looking for.
If you seek change, why not exchange? If you have property in the UK,
France, even Spain, and simply can not sell, why not try Bulgaria? If
you’re an investor, looking for bargains, take a look. You may be
pleasantly surprised at what’s available!
For more information and advice on Bulgarian Property Exchange or
Investment: http://www.thetravelbug.org
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