Invest in Bulgaria

Why Bulgaria?

To invest in Sofia (Bulgaria) is a safe and solid opportunity for any investor, due to the strong revaluation in prices in the last three years, approximately an annual 30% and particularly the last general data is 32% increase from January to September 2007. The forecast in the future is the ongoing increase, because of the developmental delay with respect to other surrounding countries, as Bulgaria joined the European Union last January 2007.

Bulgaria, according to the Bulgarian Institute of Statistics is the second country worldwide with an increase in property prices in the second quarter of 2007, about 30 per cent. According to the renowned newspaper “The Economist” the access of Bulgaria to the EU, has caused a real estate “boom” from the Black Sea up to Sofia.

A key factor to attract the highest foreing direct investment (FDI) is the decrease in the Corporate Income Tax in 10% which entered into force on 1st January 2007, as well as the strong reduction in the Personal Income Tax (IRPF), which becomes a 10% fixed rate as from January 2008, and above all the VAT exemption for real estates of more than five years old which is basically our product, and makes the real property transactions easier due to the low tax rates thereof.

On 1st January 2007 the integration of Bulgaria in the European Union came true, improving the expectations and the economy business environment, contributing to the ongoing growing trend which is enabling the approach in the income tax with the EU, which nowadays is on 38% in GDP. As a result of said integration, between 2007 and 2013 Bulgaria is to collect more than 11.500 million Euros fund from the EU, which shall be a powerful driving force for the economy.

It is to be highlighted the strong growth in GDP that for the last three years has surpassed the 6.1 per cent with estimates for 2008 close to 6.2 per cent. From 2003 there is a budget surplus which rose to 3.6 GDP in 2006 and a strong increase in foreing direct investment (FDI), as well as the enhancement in the credit rating of the main rating agencies.

To sum up, and as it is shown in the Economic Departmenf report of the Embassy of Spain, the Government keeps a careful and flexible tax policy, which has been reflected in a budget surplus in the last years. At the same time the reduction in the tax pressure is undertaken, there is an increase in the social expenditure concerning the EU accession funds.

Sofia the capital is a city of 1.5 million inhabitants and it is worth mentioning that the 70 per cent of the population is between 15 and 60 years old, with a high demographic prospective. The salaries are still low, approximately 400 Euros but with an increasing trend mainly in the capital Sofia, where these are growing fast in some industries, much more than in the rest of the Bulgarian cities.

Besides all the aforementioned, we have to add up that the psychological tradition of the Bulgarian citizen is to have the ownership of a housing and the poor decades in the building industry, the real estate potential is expected an exponential growth and particularly Sofia is expected to be parallel as the other European capitals, what means an estimated growth in prices round 150-200% in the next five years over the current prices.

Invest with us

There are many companies able to manage your investments in Bulgaria, but we are the unique company which meets the following requirements which differentiate us from the others and encourage to trust in our company.

About us

A Spanish company specialized in the real estate industry of the city center which is present in Sofia for 3 years, with office and real estate of their own, and with a wide experience in the sector.

Because of safety in investments

Our real estates are located in the city center of the city of Sofia and in the best places of the skying areas and the Black Sea. The direct purchase on behalf of the owner favours and secures the best conditions of the buying.

Trust

Due to his comparative experience in the real estate sector, which is an evidence if you pay a visit to our offices in Sofia or Valencia, where we shall be pleased to assist you personally.

Solvency

We are neither intermediaries, nor a consultation company. We own the best real estate in the center of Sofia, which equals to solvency and a clear commitment in the country. In addition to the ownership of the properties we manage, we collaborate with the most important real estate agencies.

We take care of your investments

From the purchase date our lawyers are in charge of all the legal and tax matters of your investments. Later on, we keep the maintenance of the investments, until the investor decides to dispose of the real estate acquired, whereby you shall be sent notice of the evolution in prices and the prospective offers received.