Britons living in Bulgaria. Guide to Bulgaria, Sofia and Varna

COMFORT.BG - Portal for Furniture, Construction and Architecture


As the country takes on the rights and obligations of EU membership, it is expected to boost the number of Britons. Bulgaria and Romania have "gone through a remarkable transformation", said European Commission President Jose Manuel Barroso announcing their EU accession. For an emerging market, it's quite a well established emerging market." Some of the buyers were agents, while others were individuals, he said. For Britons, among the many areas of life which will undoubtedly be changed by this, is the property market. It was a risk before, but not now." However, she said living in Bulgaria had not been without problems. Many of those who had bought there had "taken a risk hoping for extremely high returns" on their investment. Mr Owen said accession gave a "greater confidence" for the business and consumer world, but that it was just the next stage in a long development for both countries. Mrs Goodall said many of the magazine's readers lived in Ireland. She believes the numerous reasons why Britons will seek a second home in Bulgaria include high UK property prices and worries over affording retirement. The two countries, which were the poorest of the former Soviet satellite states of Central and Eastern Europe, made changes such as tackling organised crime and corruption, and introducing farming reforms. Thousands of Britons have already bought homes in these countries - but will many more now join them?