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Archive for the ‘Bulgaria’ Category

Attractions of Bulgaria Property

Monday, March 14th, 2011

Most of the beach-areas of Bulgaria are internationally well-known for their extensive excellence and if you can manage to secure an alluring Bulgaria property near one of the beach-sides, it will really fetch you riches within a very short span. Similarly, all the mountain areas of Bulgaria are breathtakingly beautiful and attract lots of tourists from all parts of the world. This makes the hill-side areas of Bulgaria, really attractive in the real-estate market. You can see all kinds of sophistication that you can expect in this scientific age, in the cities of Bulgaria. A marvelous feature of almost all cities of Bulgaria is that you will be able to find plenty of conventional village areas, alongside. This allows you to lead a really balanced life and adds-up the charm of Bulgaria property.

The budget factor is no more a constraint for investing in Bulgaria property and all types of properties are available in Bulgaria and that too in really affordable rates. As far as mortgages are concerned, you can truly find extremely competitive rates in Bulgaria, when compared to UK and this feature is rightly tempting, to most of the UK buyers. The booming economy of Bulgaria and the great thrust given to tourism are other attractions, which makes Bulgaria property worth considering. Some more added advantages that push-up the value of Bulgaria property are the prevailing excellent climatic conditions of Bulgaria and the nominal cost of living standards. Sofia, the capital of Bulgaria is really a cosmopolitan area and all kinds of life comforts are easily available. Bulgaria also holds some of the top class ski resorts and this makes Bulgaria a highly favorable holiday spot, which add-up the market value of Bulgaria property. Succinctly, even if you consider all relevant points, Bulgaria property is truly worth buying.

Buying land in Bulgaria is a straight forward easy process. Anyone who is a legal citizen of Bulgaria can go through all of the normal land buying process which is finding the land, buying the land, and building on the land. This land could be residential, meaning, you want to buy the land to build a house, or agricultural, meaning you want some land to have a house or farm, or it could be a plot of land that comes with a house or it could be for commercial investment. Bulgaria is a wonderful place to own land and invest, and the legalities of the process should not discourage you from doing so. Bulgaria is a country on the move, full of history intrigue, sunshine, ski slopes and the cheapest property prices in Europe, and would be a wise investment in the field of Bulgaria property.

Bulgaria Property Market

Wednesday, June 16th, 2010

While buying property for sale in Bulgaria, and especially when it comes to brand new developments, often marketed off-plan, most British investors are “seduced” by the rent out options of 8-10% annually. The truth, however, is yet to be discovered as few Bulgaria property developments can actually boast realistically such percentages, the majority still being quite doubtfull in their proof of viablity.

The nature of the Bulgaria property market is very dynamic as the market itself is quite young and as the sellers still dictate its bias. Looking from the stand point of the developers and their agents, or simply from the stand point of the home owners, the recent leap of the prices is the major driving force when it comes to whether to sell, build or both. Combining the popular in Britain menatality of investing for renting out with the local desire for quick profits, many sellers and developpers are tempted to promise unrealistic figures. Aside from few regions along the Black Sea coast and in the mountain resorts, the rest of the country cannot offer even fraction of the easily promissed bombastic returns on investment. Looking deeper into the Bulgaria property market, even the Black sea coast developments are dubious and contingent on too many unknowns.

According to International Herald Tribune 18% of all Bulgaria Property sales had been made by Foreign Customers in 2004. Again another 23% of the total sales on the Bulgarian Property Market have been made by foreigners in the year of 2005. Baring in mind those growing figures it is no suprise investors are offered temptation after temptation playing around the probability game for not merely capital gains but in the short run – income from letting.

In a bestseller called “Hardball: How the politics is played told by one who knows the game” a famous phrase comes to mind when we talk business in general. “All politics is local” – so is the business, whether you like it or not. So is the property market in Bulgaria- it is driven primarily by local demand and supply and not by investments from overseas. According to RICS the drastic increase of the value of the Bulgaria Property market could not only be attributed to Foreign Investors. The reason is also the increased demand from Bulgaria property owners to replace their old Bulgarian property. However, in the mentality of the Bulgarians buy-to-let is a concept unknown, and what’s more, relatively unacceptable.