Land may not be what we normally write about here but with land investment showing retuns in the hundreds of percent it’s something we’re prepared to look at! And with everyone beginning to talk about Bulgaria again let’s take a closer look.

Bulgaria – What does it mean to you? An obscure Eastern European country that you’ve heard a few investment whispers about, or somewhere you’re scrambling to find the right investment land or property in without knowing really where to start?

A lot of people are beginning to pick up on the fact that Bulgarian land and property prices are set to rapidly rise again. The problem is some land and property seems ridiculously cheap while other plots of land or apartments which seem identical command higher prices. Just what is going on and where should you put your money…If anywhere?

After huge growth of over 500% in just a few short years Bulgaria was effected by the economic crisis like everywhere else and prices came back down to Earth. However, many are seeing that this is set to change again with rapid growth looking set to happen again as the country starts securing EU subsidies and a surge in tourism.

The question is where is best to buy land in Bulgaria if you’re simply looking at making a profit?

If you’re looking for land to build a property on then you can’t go far wrong with something on the Black Sea Coast with stunning rugged sea views and easy access to the International airport at Burgas. However, if you are simply looking for something that will make you money then you need to move back from the coast slightly and start looking in the “farmers belt”.

This belt of land sits around 45-60 minutes back from the tourist areas of Sunny Beach, Nessebar and St. Vlas and is very specificly sited land within the Yambol area.

This land is hard to secure as there is plenty of cheaper land in the area which often misleads investors, you need to find something specifically in the farmers belt which is getting harder and harder as forward-thinking investment companies buy up the last remaining land.

The land needs to be fertile and within the farming communities that are near enough to supply the booming tourist resorts.

As an idea, you need to be paying around 5-10 Euros per square metre for decent investment grade land in the area. Do not take the path of believing the super-cheap land will achieve you anything as the demand is all for the land in the farmers belt and anything else will be a much, much longer investment strategy.

The other benefits of investing in this area other than the fact that prices there are already beginning to rise rapidly, is the simple fact that it makes for an easy exit strategy. With so many farmers and investors struggling to get a peice of this limited land it means that there is always a potential buyer to sell to and there are no signs that demand is going to let up as farmers on this area are growing their businesses and making more and more money which in turn is attracting other locals and even expats to the area and as tourism continues to grow and put more and more demand on the farmers for products it is clear that demand is going to continue to thrive.

Other areas just outside of the farmers belt are worth looking at for those looking for a slightly cheaper investment. These will involve a slightly longer investment strategy but it is inevitable that the farmers belt will slowly beging to sprawl out into a larger area. The points to take into account here is to have land which is of a plot size of around 2000-5000 square metres as investors and buyers in this area tend to go for these sizes with anything smaller being of no interest and anything larger being too costly for many farmers and buyers.

With land investment it is important to buy with the head and not the heart. Do not worry about pretty views and it being an area you know. What you need to worry about is the level of demand for that land and how easily you will be able to sell it at a profit in the future.

A number of companies sell Bulgarian land. You need to make sure you are clear with all the charges as often what appears to be a cheap plot of land can be blighted by the fact that it has outstanding debt on it or is simply in an area not suitable for short to medium term investment. There are also additional charges that many fail to mention including around 500-1000 euros for setting up a Bulgarian company, 700-1000 euros in legal cost and around 7-12% in additional local taxes and charges. There may also be additional charges for translations and notary fees involved as well as a visit to the country to sign doccuments in most cases.

It is still a legality at present to own a Bulgarian company if you are not a Bulgarian national in order to own land or property in Bulgaria. However, this is being phased out over the next 18-24 months and will soon not be required. You will simply then be allowed to let the company dissolve and full ownership will revert to yourself. In the meantime, having the Bulgarian company does not affect your ownership of the land and it is still yours to buy and sell as you see fit as you would in many othe markets.

Bulgaria is certainly the area on the lips of many investors once again with large gains looking likely over the next 1-3 years and with longer term holds looking extremely solid. That means that whether you are a short-term investor or someone simply looking to put some money away into a long-term hold you are likely to be seeing some very easy and solid returns on the right land in Bulgaria.

As with all investments always compare investments and make sure that the investment strategy suits you.

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