vallumlj

I still live at home and have a well paid job and hear about more and more people buying property abroad and making a good return.

I was thinking about buying somewhere and rented it out and selling it again in a few years.

Is it a good idea.

I no a few people that have bought in Bulgaria and are thinking of doing the same.

Where in Bulgaria would be good to buy

Brendan Hughes

Tell me, have you ever heard of the term "mafia"?

brihoppy

said it before on a similar thread, and ill say it agin now...only spent a few days in bulgaria itself, but quite a while in that general region, and unless someone could absolutely guarantee my property will rocket in value, i wouldnt touch it with an effing long shi*ty stick...

horses for courses though...

wakeboardar

ive been to bulgaria bloody awful place
very cheap beer thought just as well you need to pissed to get through the day

wakeboardar

just i thought why not move out to your own home

Richard_P

If you've got a good job get a uk home first!

EXSCOOBY

ermmmm
what the hell
black sea coast.........
the guy that posted mafia ,
WHY NOT GO BACK TO YOUR WARM COCOA
i own property all over bulgaria and i have never ever had any problems
buy now its boom time ahead

davyboy

Is that what the estate agent told you?

Petem95

Apparently rents arent as good as you'll be led to expect from the EA's.

Saying that some areas have gone up in price a fair bit due to all the hype - no doubt it'll be mainly Brits buying up the places. A mates parents have got a place out there, and apparently its pretty nice, but not exactly OMG cheap.

To be honest though theres a global asset bubble at the moment, with many assets like property stupidly overpriced. Wait for the global recession, which could well be triggered by massive hikes in oil prices/Iran throwing nukes around or getting attacked by the US. A few years into that recession will be the time to buy property, when its near the bottom of the cycle, not the top.