Properties in Bulgaria - Properties in Dolna Banya 

Buying Bulgarian properties that are off plan really entails reserving a plot on a new development site prior to completion of the property and generally before construction has even begun. The developer usually wants to sell of as many borevet properties quickly as possible so they can raise capital for construction and minimize the risk to themselves financially with the money they have borrowed from the bank.

Buying Bulgarian Properties that are marketed by estate agents at this early stage are will more often than not result in a discount of around 10 to 15% below market value. The reason for this is there isn’t an actual property to show potential buyers, except and artists impressions or digitally mastered images and a floor plan of the finished development.

Usually at the primary stages of the development a pattern emerges amongst the Bulgarian property investors; the investors that come first usually buy the most sought after property. Going first are the luxury penthouses, after that the corner units and lastly the ground floor apartments with private gardens – which therefore has an overall effect by increasing the price of the rest of the properties within the development.

Developers frequently pay attractive commissions so Estate agents find selling off plan developments very profitable. The benefit for you if you are Bulgarian properties is undoubtedly the risk free high-return with your investment by selling on buying your property contract before completion. This is what significant number of foreigners buying Bulgarian off-plan property has done making huge profits. In addition to this approximately 30% of foreign buyers looking to purchase a Bulgarian holiday home want to purchase an off plan property.

Even though the idea of committing hundreds of thousands of Euros on the basis of plans and specifications will is daunting to the buyers who would rather see a finished property before handing over their money, a large minority are happy to do this. If you use a recognized and trusted company like Bulgaria Portfolios to help you with buying Bulgarian properties, the advantages outweigh the disadvantages.