An Introduction
To Bulgarian Off-Plan Property

Buying Bulgarian off-plan property or any other off-plan property means

Drawing Stage

Properties that are marketed by estate agents at this early stage are usually discounted by around 10-15% below market value because there is nothing to show potential purchasers, except a floor plan and artist's impressions of the finished development.

Usually at this stage of marketing, a pattern emerges among investors; those that arrive first tend to buy the most sought after property – first the penthouses, then the corner units, and finally the ground floors units with private gardens – which then has the effect of increasing the price of other units within the development.

Buyer's Market

Estate agents love to sell off-plan properties as developers often pay attractive commissions. But what's in it for the buyer? Why is buying off-plan property in Bulgaria so popular? There is no doubt that a significant proportion of foreigners buying Bulgarian off-plan property are experienced speculators looking to make a risk-free, high-return investment by selling on the purchase contract before completion.

Even so, around 30% of foreigners looking for a holiday home in Bulgaria plan to buy a Bulgarian off-plan property. Though the idea of committing hundreds of thousands of euros on the basis of plans and specifications will unnerve buyers who would rather see a finished property before handing over the euro, a large minority are more than happy to do so. For them, it would seem the advantages outweigh the disadvantages for a Bulgarian property off-plan.

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