Tagged: Buying

Consider Buying a 2nd House in Bulgaria

Consider Buying a 2nd House in Bulgaria

Consider Buying a 2nd House in Bulgaria Property for Foreigners There are no obstacles for foreigners to get the title for buildings, as well as real rights (right of use, right of construction). Up to now there is only one restriction: it is not allowed by law for foreigners to become owners of the land under the buildings they have bought. They are not allowed to buy agricultural land as well (this is a Constitutional prohibition). This is true for physical persons. All restrictions become irrelevant if foreigners set up or join a company incorporated under the Bulgarian legislation, which...

Buying Homes In A Foreclosure Market

Buying Homes In A Foreclosure Market

Buying Homes In A Foreclosure Market What credit crunch? That’s what many home buyers with solid credit and enough money for the down payment are saying during the current downturn in the real estate market. They are much better positioned than they were before the market turned down. And now, even the 30 year fixed mortgage rate is at a low. Home prices almost everywhere have fallen. If you want to buy a home, and you have the credit qualifications, it’s a great time to buy. So what changed? Because of the housing slowdown, mortgage rates have dropped. Since houses...

Buying property in Montenegro

Buying property in Montenegro

Buying property in Montenegro As with purchasing a property in any country, you must make yourself aware of the formalities and “peculiarities” of the foreign market. Property prices. Without an official price index, many properties are advertised with a price that is determined by what the vender wants rather than by a market value. If you find a property in a particularly popular area (or in an area like an Old Town where they can be no more development), it is most likely that market has been determined by the price paid for a similar property. If you are looking...

Top Five Tips For Successful Property Buying Abroad

Top Five Tips For Successful Property Buying Abroad

Top Five Tips For Successful Property Buying Abroad As the amount of people looking to own a home abroad continues to increase, we have a quick look at some of the best top tips for successfully buying a property abroad. Seek advice – Speak to both the locals in the area and the other ex-pats before you commit to anything, you can learn a lot from other people’s experiences. Also seek professional advice along the way from a reliable company which specialises in buying properties abroad. Shop Around – In every part of the buying process, make sure that you...