Bulgarian Off Plan Properties
Bulgarian Off Plan Properties
Off plan property investments in countries such as Bulgaria are becoming more popular over time. An off plan investment is one where the right to build is purchased, rather than the land itself. In many countries foreigners are not allowed to purchase land, but building rights are in many cases not affected by that. The money invested is used to fund the development, with further payments made as the building progresses.
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The property deed is presented when the last payment instalment is made.
These investments have become more widespread as the market in Bulgaria develops from its initial stages. A significant number of UK investors have now been attracted to the Bulgarian property market.
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