Issues to consider when buying a property in Bulgaria.

The Property may be cheap, so cheap that "Even My Cabbie's' Got One'! So ran the headline in the financial times property special at the end of last year.

Sure enough the property is cheap but getting there is not. Bulgaria isn't yet serviced by budget airlines, so you can't take advantage of cheap flights to get to your cheap property. In fact, flying over a few times a year, along with the family could prove prohibitively expensive. The cost of flights is a seriuos consideration for the low-budget investor.

Nor does Bulgaria have a completely open property market when it comes to foreign investment. Buying a property in Bulgaria involves eastablishing a limited company. This is more of an inconvenience than anything else since it is not very expensive to set up the company. There are efforts in motion to change this but it hasn't happened yet!

Just a couple of issues to consider when buying in Bulgaria!