Why Bulgarian Property Investment?

The Bulgarian Economy is growing steadily and doesn’t seem to be changing any time soon. There is currently a strong growth in industrial production in Bulgaria. Employment and credit has resulted in high GDP growth over the last few years. The economy in Bulgaria has grown at an average yearly rate of 4.8 % over the last five years and in spite of this, inflation has been greatly reduced to the of 2.3 % in 2003.

Foreign direct investment (‘FDI’) into Bulgaria has also increased every year since then. FDI reached US$7.4 billion in 2003 from a rate of US$5.7 billion in 2002 (which is a 30% increase). The outstanding growth in the Bulgarian economy should maintain a strong property market and lead to higher Bulgarian property prices. Bulgaria Property prices are currently low; making the best time to invest. Property in the better residential areas of Sofia sells for around £67 – £82 per square foot.
Read the rest of this entry »

Tags: Bulgaria, Bulgaria property, Bulgaria Travel, Bulgaria travel notes, Investment in Bulgaria

How to find your estate agent to buy Bulgarian property!

“Imagine you’re in a supermarket by a large barrel of apples with a sign that says Pick One – 6 Cents. Some of the apples are sweet, others are sour, a few are only for cooking and the rest look too green and not quite ready for eating. You think for a second and then reach in and grab the first one that looks good – only to find that it wasn’t exactly what you expected.
For an apple, it may not matter. But that kind of decision making often happens when people choose a real estate agent to help them buy a home. On the surface, all real estate agents seem alike. They all charge about the same fee, from 3% to 6 % of the sales price ( speaking of Bulgarian Real Estate Agencies ), and most agencies offer similar services. But, in reality, differences can be huge. Consumers who don’t do their homework can wind up getting bad advice that could cost thousands. “- say one home improvement radio show.

Northern Ireland’s property buyer Gary Taylor expressed in a letter to Sofia News Agency his disappointment with Bulgarian lawyer Maria Dobreva, who, he said, had “robbed” him of EUR.
Can we trust to one, not well known person found in internet by chance or to a small real estate agent, hasn’t proofed its reliability?
Read the rest of this entry »

Tags: Bulgaria, Bulgaria property, Bulgaria Travel, Bulgaria travel notes, Estate agent in Bulgaria

Forget your lingering doubts from Bulgaria´s Communist past and you will be surprised and excited by the modern holiday attractions Bulgaria now has to offer.

Nestling on the banks of the Black Sea, with Romania to the north and Greece and Turkey to the south, and with its ancient historical connections with Russia, Bulgaria comprises an eclectic mix of all these nations, making it a rich and diverse cosmopolitan country with a strong cultural heritage.

Although not yet as visited as its Greek and Turkish neighbours, Bulgaria boasts stunningly untouched landscapes, beautiful, safe sandy beaches and a multitude of tourist attractions ranging from sports to history and culture. This, combined with great value for money and welcoming people, completes the most peoples’ formula for a perfect holiday destination.

Bulgaria has received heavy investment from the World Bank to modernize its entire infrastructure, which has vastly improved tourist facilities here – it is small wonder that tourism in Bulgaria have increased by some 50% in the past four years.
Read the rest of this entry »

Tags: Bulgaria, Bulgaria tourism, Bulgaria Travel, Bulgaria travel notes

Investing in real estate is regarded as probably the safest and most consistent way to increase your capital. Worldwide property investment is no longer the preserve of the super rich or readily connected but with the event of the internet and a simplified banking system, is open to all of us.

Massive fortunes are built and grown through property investment and the sheer size of the global market offers the chance to build a property portfolio with even if you have the smallest budget.

Emerging markets and the ready availability of cheap investments, can be you’re your pension plan and a source of regular income. The key is identifying the fastest appreciating areas with affordable property that will offer consistent growth and huge capital returns.

Currently, in the European market, Bulgaria is the current hotspot with an average growth rate of 30% with the cheapest property prices in the EU. There are several other countries in the EU, which attract foreign investment for a variety of reasons. None, however, can rival the sheer number of factors, which makes Bulgaria an irresistible, safe and compelling location for your investment capital:
Read the rest of this entry »

Tags: Bulgaria, Bulgaria property, Bulgaria Travel, Bulgaria travel notes, Property investment in Bulgaria

The following guide to car rental in Bulgaria offers information on six large rental firms. It’s worth bearing in mind that:

• Bulgarian provision for visitors is growing rapidly, and there are many local car hire firms

• The data included here refers to winter 2005-6, and seasonal variations are inevitable

• Though Bulgaria uses the cyrillic alphabet (it’s like Russian lettering), street signs in the major cities are also printed in Roman letters (ie, using our alphabet)

This guide gives a brief overview of the big international hire franchises, and introduces one or two of the smaller operators. It will be a matter of personal choice for you: staying with the big boys is probably safer and more reliable – you know what you’re getting. On the other hand, the smaller outfits are generally cheaper, and can provide many more service points – certainly inland.

WHERE TO PICK UP YOUR HIRE CAR

1. Airports

Bulgaria has three sizeable international airports, SOFIA, the capital city, VARNA and BOURGAS, which both serve the Black Sea Coast. All three are obvious and convenient pick-up points. Hertz and Europcar have rental desks at all three airports, Avis does not offer Bourgas. Moto Roads and Sixt have pick up/drop off facilities at Sofia and Bourgas.
Read the rest of this entry »

Tags: Bulgaria, Bulgaria tourism, Bulgaria Travel, Bulgaria travel notes, hiring a car in Bulgaria

If you are planning to visit and hire a car in Bulgaria, prepare yourself. Anyone who has ever driven there will agree that the Bulgarian road system is still very underdeveloped. Due to a combination of poor driving habits, old cars and badly damaged roads, driving can be extremely dangerous.

Drivers tend to be aggressive and there has been a recent increase in “road rage” led accidents. Such drivers in outdated, unsafe cars contribute to the country’s high fatality rates on the road. Further caution should be exercised at night as drivers often drive with missing headlights.

You really should know where you are going as many roads lack markings, lights and road signs. Similarly, you should be aware of the other type of aggressive drivers in flashier modern BMW’s and Mercs who can be equally as dangerous.

The use of seat belts is compulsory in Bulgaria for all passengers, except pregnant women. Children less than 12 years of age may ride in the front seat but only if seated in a child car seat. However, if you look into the cars of fellow drivers it can be seen that these laws are often broken.
Read the rest of this entry »

Tags: Bulgaria, Bulgaria tourism, Bulgaria Travel, Bulgaria travel notes, Driving in Bulgaria

Tags: Bulgaria, bulgaria skiing, Bulgaria Travel

By: Manjeet Singh

In addition to seeking out a Bulgarian property for sale for personal or family use, there are a number of people who are interested in finding a Bulgaria house for sale for investment purposes. In other words, these people want to purchase a Bulgarian property for sale, hold on to the property for a moderate amount of time (perhaps leasing it out during the period of ownership) and then they desire to sell the residence for a profit.

In point of fact, some people are able to make good money through the process of making the purchase of a Bulgarian property and then reselling the property after the passage of a reasonable period of time.

The overall Bulgarian real estate market has become increasingly attractive for investors in all sectors — industrial, commercial and residential. Indeed, when it comes to a Bulgarian property for sale, housing prices on average in the country are rising at a rate of about twenty to twenty-five percent per year. Therefore, if a person were to make the purchase of a Bulgarian property with the intention of holding for ultimate resell, he or she likely will make tidy profit in a short amount of time.
Read the rest of this entry »

Tags: Bulgaria, Bulgaria property, Bulgaria Travel, Bulgaria travel notes, Investment in Bulgaria

By: Gordon Warre

Whether for investment, second home or rental, homes in Bulgaria have found their niche in the overseas property market. The residential markets in Sofia and Varna account for the bulk of luxury homes in Bulgaria while occasional listings in other cities are the exception rather than the rule, says a market overview commissioned to local analytical outfit Industry Watch by Lux Imoti, a local real estate agency specialising in upmarket properties.

The potential for obtaining a holiday home or retirement property is outstanding, said Paul talking at an investors evening focusing on off plan developments, and retirement homes in Bulgaria.

Bulgaria continues to grow.

Bulgaria topped the table for house price growth in 2007. Bulgarian property market ‘still has potential’ There is still growth to be seen in the Bulgarian market, according to a property expert. Bulgaria is a beautiful country now emerging from dormancy. Bulgaria has worked diligently, through its government and through the private sector, to attract tourists and tourism money into that country over the course of the part five to ten years.
Read the rest of this entry »

Tags: Bulgaria, Bulgaria tourism, Bulgaria Travel, Bulgaria travel notes