Buying Bulgarian property at auction
Bulgarian property auctions are rare. Private owners do not usually sell their homes by this method. However, it is sometimes possible to find property in Bulgaria - typically traditional-style villas in village locations - on the auction website Ebay. Some of the Ebay sellers are UK-based while others appear to be small Bulgarian property companies
Checking the reputation and legitimacy of the seller may be difficult, but you should always be extemely cautious about placing a bid for Bulgarian property if you have not had an independent survey carried out and made local enquiries about its ownership.
Most of the villas being auctioned on Ebay are in need of quite extensive renovation and their remote locations would severely limit their rental and resale potential
Where conventional Bulgarian property auctions are held in Bulgaria, the properties tend to have been repossessed by the state, government bodies or banks and other financial institutions due to non-payment of debt. These auctions are ad hoc and are advertised locally in newspapers.
