BULGARIAN PROPERTIES offer new service: Properties with Skype Viewings

Thu, 17 May 2012 00:00:00 GMT

We are extremely pleased to offer you our latest service - Properties with Skype Viewings!BULGARIAN PROPERTIES is the first real estate company to offer skype video viewings which, in combination with the numerous properties we feature with video clips, positions our property marketing among the most innovative in the field of real estate. We work with the latest technologies as we believe we need to constantly improve our services and offer a creative approach to the real estate business.Our team is furnished with the necessary ecquipment in order to provide viewings of properties through video connection on Skype. This will save you time and money travelling to the properties you like and will help you either choose the right property for you from a distance, or at least narrow your search so that you can visit personally only the properties you like most. Usually, a skype viewing will

EU citizens can now buy properties in Bulgaria with no need to register a company

Polina Stoykova, Chief Operations Manager of BULGARIAN PROPERTIES — Thu, 10 May 2012 00:00:00 GMT

It is widely known that when buying a house with a garden or a plot of land in Bulgaria a foreign buyer needs to register a Bulgarian company because land cannot be sold to foreign persons. The good news is that this rule has changed and EU physical and legal persons are now allowed to buy properties that come with land in their own names.The Treaty of Accession of Bulgaria to the EU allowed Bulgaria to keep the prohibition for EU physical and legal persons to buy land in Bulgaria for up to 5 years for regulated land and up to 7 years for forests and agricultural land after its accession to the EU. The 5-year term has now finished and since 1.01.2012 all EU persons are allowed to buy land in Bulgaria. This applies to houses with gardens, all plots that are within the zoning of the settlements, apartments coming with ideal parts of the land, offices and other commercial properties. For

Residential property prices with lowest drop in 1Q 2012 since the beginning of the crisis

Polina Stoykova, Chief Operations Manager of BULGARIAN PROPERTIES — Tue, 24 Apr 2012 00:00:00 GMT

According to the data of the Bulgarian National Statistical Institute (NSI) about prices of apartments in the regional cities in 1Q 2012 they have remained similar to those in the last quarter of 2011. This confirms the data BULGARIAN PROPERTIES published recently in their analysis of the Bulgarian real estate market in 1Q 2012. The average nominal decrease of prices in the country on a quarterly basis is 0.4% and this is the smallest drop in home prices in Bulgaria since the beginning of the crisis. The biggest price drop is registered in the towns of Vratsa (-4.42%) and Vidin (-3.23%). Home prices in some of the regional cities have increased slightly in the last quarter, like in Sofia (+0.83%), Blagoevgrad (+2.8%), Pleven (+2.15%) and Rousse (+2.46%). There are also towns where home prices have remained the same. This data is the result of an ongoing slowdown in residential property

Analysis of the Bulgarian Real Estate Market - 1Q 2012

Polina Stoykova, Chief Operations Manager of BULGARIAN PROPERTIES — Tue, 17 Apr 2012 00:00:00 GMT

In the first quarter of 2012 the number of sales remained similar to the same period in 2011, which is positive news on the background of an uncertain economic recovery. At present the real estate market in Bulgaria is calm, prices have reached a balance and have remained more or less the same in the last six months while property supply is high-quality and diverse. The market at the moment provides very good conditions for striking a bargain deal. More and more property sellers and buyers are managing to overcome the crisis mindset that had overtaken the market in the last few years and they are adapting to the new reality. Highlights:• Property prices remain similar to those in 4Q 2011• The number of real estate deals remains close to that in 1Q 2011 • Strong interest in beach properties even during the winter• More interest in properties in ski resorts compared to winter

Holiday homes in Bulgaria 2012

Polina Stoykova, Chief Operations Manager of BULGARIAN PROPERTIES — Wed, 14 Mar 2012 00:00:00 GMT

Holiday homes in beach and ski resorts in Bulgaria were hit by the crisis earliest and probably the hardest. As a result they lost about 50% of their value compared to their peak value in 2008. At present the markets in Sunny Beach and Bansko are similar in terms of supply and prices, but for now Bansko lags behind in terms of interest from Russian buyers, who are the main players on the Bulgarian holiday home market. With BULGARIAN PROPERTIES index value for Sunny Beach and Bansko of 100 in November 2008, in February 2012 the index values were 56 and 43 respectively.Bansko, Borovets and Pamporovo 2011 was not a very successful year for holiday homes in the ski resorts. Property prices there fell considerably and since the beginning of 2012 the segment has been more dynamic and there has been more interest in buying properties. According to BULGARIAN PROPERTIES’ data the average asking

Annual analysis of the Bulgarian real estate market: optimism and more deals on the background of a continuing property price drop

Polina Stoykova, Chief Operations Manager of BULGARIAN PROPERTIES — Thu, 02 Feb 2012 00:00:00 GMT

The economic recovery and the economic growth that started at the end of 2010 brought optimism and helped the Bulgarian real estate market make the first tentative steps towards a recovery from the crisis in the first half of 2011. This was backed up by the slowdown of the price decrease, the increase in the number of property deals and the lower interest rates under mortgage loans. According to data of BULGARIAN PROPERTIES the property price drop based on actual concluded deals continued well into 2011 and this drop was an average of 8% year-on-year. To compare, the average property price drop the company reported in 2010 was 8.3% and in 2009 – 36%. 2011 in numbers:• 8% average decrease of prices of residential properties* in the country compared to 2010 • 15% increase in the number of concluded deals with properties around the country compared to 2010• 10% decrease of prices of

Apartment prices in regional cities with minimal change in 4Q 2011

Wed, 25 Jan 2012 00:00:00 GMT

The latest data of the Bulgarian National Statistical Institute (NSI) for prices of apartments in the regional cities in the country in 4Q 2011 shows that prices have remained similar to those in 3Q 2011. The average price decrease is 1.5%, as property prices in the towns of Montana (-8.27%) and Pernik (-6.91%) have dropped the most. What is typical for the second half of 2011 is the slowdown in the pace of decrease of apartment prices around the country to an average of 1-1.5% on a quarterly basis. On an annual basis (compared to 4Q 2010) prices of apartments in the regional cities dropped by an average of 6.2% which is almost the same as the annual drop reported in 3Q 2011. The real decrease of prices of apartments after inflation (calculated with the Harmonized Index of Consumer Prices HICP) is 2% compared to the previous quarter and 8.5% year-on-year (compared to the same quarter in

Overview of the Bulgarian real estate market in 2011 and forecast for 2012

Polina Stoykova, Chief Operations Manager of BULGARIAN PROPERTIES — Tue, 10 Jan 2012 00:00:00 GMT

The end of the third quarter of 2011 marked 3 years since the beginning of the global financial and economic crisis. Regretfully, 3 years after the beginning of the crisis there are still no convincing signals showing the recovery of the economy and real estate market not only in Bulgaria but in most countries around the world. After the optimism and the forecasted economic growth which marked the end of 2010 and the beginning of 2011, in the last few months the sovereign debt crisis in Europe and the lowered credit ratings of a number of countries and big European and global banks led to a slowdown in the pace of economic recovery. 2011 was loaded with great expectations for the property market’s coming out of the crisis, but unfortunately not all of them came true as this depends not only the pace of recovery of Bulgaria’s economy and the internal processes in the country but it is

IMPORTANT: Deadline for re-registering your company in Bulgaria is 31.12.2011. Failure to complete this procedure will result in loss of properties

BULGARIAN PROPERTIES — Mon, 14 Nov 2011 00:00:00 GMT

This information is for anyone who bought property in Bulgaria before 2008 by setting up a company. Please, be advised that you could be in danger of losing your property if they haven't re-registered your company by the end of the year.The Law on the Trade Register applicable to the activities of all Bulgarian companies, which came into force on 1.01.2008, states that all existing companies must be registered in the new online register by 31.12.2011. If this is not done, they will be removed from the register of companies in Bulgaria resulting in loss of their assets (including properties). After 31.12.2011 the companies that are not re-registered as per the requirements of the Trade Register will be blocked and will not be allowed to perform any activities, including selling their properties. Many company-owners have followed the government guidelines and have re-registered their

The property market in Bulgaria in 3Q 2011: Three years after the beginning of the credit crunch

Polina Stoykova, Chief Operations Manager of BULGARIAN PROPERTIES — Fri, 04 Nov 2011 00:00:00 GMT

Exactly 3 years after the beginning of the global financial and economic crisis the key highlights on the Bulgarian real estate market in 3Q 2011 are as follows:• Property prices continued falling this year but at a slower pace compared to previous years • Demand is focused mainly on the cheapest and most attractive properties in all market segments. Buyers look for bargain offers both from Bulgarians and foreigners• Since the beginning of the crisis prices of apartments in Sofia fell by 40%, in Bansko – by 55% and in Sunny Beach – by 50%• The main buyers are still Bulgarians and Russians• Most deals are with apartments in Sofia for up to 50,000 Euro; for holiday homes deals are concluded with properties between 15,000 and 40,000 Euro• Rural houses which are of good quality and ready to live in attract the buyers’ interest, as deals are concluded at prices between

Drop of apartment prices in regional cities slows down to 0.8% in 3Q 2011

Polina Stoykova, Chief Operations Manager of BULGARIAN PROPERTIES — Wed, 26 Oct 2011 00:00:00 GMT

The latest data for apartment prices in the regional cities in Bulgaria, announced by the National Statistical Institute (NSI), shows that property prices continue to fall in the 3Q 2011, but that the drop is slowing down compared to previous periods.Average prices of apartments in the regional cities in Bulgaria have dropped by 0.84% compared to the previous quarter and by 6.1% compared to the third quarter of 2010. This makes the last quarter one of the periods with the least drop in apartment prices since the beginning of the crisis. According to NSI data the average price of an apartment in the regional cities in the country is 460 EUR/sq.m.The real decrease of prices of apartments after inflation (calculated with the Harmonized Index of Consumer Prices HICP) is 0.95% compared to the previous quarter and 8.92% year-on-year (compared to the same quarter in 2010). For Sofia the nominal

NSI population and housing census data: Number of homes in Bulgaria increased by 5.4% in the last decade

Polina Stoykova, Chief Operations Manager of BULGARIAN PROPERTIES — Wed, 19 Oct 2011 00:00:00 GMT

At the beginning of the last quarter the Bulgarian National Statistical Institute (NSI) published the final data of the population and housing census that took place in early 2011. This is an overview of the data showing the interrelations between the demographic trends, the real estate market and the quality of the housing stock. The main highlights of the analysis of the data are as follows:- population decline in Bulgaria- increase in the housing stock- improvement in the quality of the properties and the public utility access in the homes - the property market’s return to fundamental demographic factorsPopulation and housing stockAccording to census data the population in Bulgaria has declined by 7% while the number of homes in the country has increased by 5.4% compared to the 2001 census – from 3,688,802 homes in 2001 to 3,887,076 in 2011. Even here there is a discrepancy

Apartments in Bulgaria’s Biggest Ski Resort – Bansko – 50% Cheaper Compared to 2008

Polina Stoykova, Chief Operations Manager of BULGARIAN PROPERTIES — Wed, 14 Sep 2011 00:00:00 GMT

With the ending of the summer season the focus of property buyers is now turning to the ski resorts in Bulgaria. However, it is not only the upcoming winter season that increases the interest in Bulgaria’s winter resorts and in Bansko in particular but also the extremely attractive prices of properties there.BULGARIAN PROPERTIES’ index of listing prices of apartments in Bulgaria’s biggest ski resort – Bansko – shows that at present prices of apartments there are 50% lower compared to their peak values in 2008. According to the data which BULGARIAN PROPERTIES announced a month ago the situation in Bulgaria’s largest beach resort – Sunny Beach – is similar.With index value for Bansko of 100 in November 2008 in August 2011 it is already 51.31 which shows an almost 50% decrease in the listing prices compared to their highest value in 2008. The drop in Bansko property prices

Prices of Sunny Beach Apartments 50% Lower Compared to Peak Values in 2008

Polina Stoykova, Chief Operations Manager, BULGARIAN PROPERTIES — Mon, 08 Aug 2011 00:00:00 GMT

BULGARIAN PROPERTIES’ index of the listing prices of apartments in Bulgaria’s biggest seaside resort – Sunny Beach – shows that at present prices of holiday apartments there are 50% lower compared to their peak values in 2008. With index value of 100 in December 2008 in July 2011 it is already 51.29 which shows an almost 50% decrease in the listing prices compared to their highest value in 2008. The drop in apartment prices based on actually concluded deals is similar – 54%. In the last few months there is a trend of price stabilization and an increase in the number of deals with apartments in Sunny Beach which shows that the local market has reached a balance point in the present market and economic conditions. In the first seven months of 2011 apartments in Sunny Beach – shows that at present prices of holiday apartments were offered at an average price of 768 EUR/sq.m. or

Nominal Annual Drop of Apartment Prices in Bulgaria by 6.4% in 2Q 2011 and Increase in Property Sales by 48%

Polina Stoykova, Chief Operations Manager, BULGARIAN PROPERTIES — Mon, 01 Aug 2011 00:00:00 GMT

1. Price statistics according to NSI dataOn 22.07.2011 the Bulgarian National Statistical Institute (NSI) announced its data for 2Q 2011 for the prices of apartments in the regional cities around the country. Statistics shows that the decrease in the prices continues but now it is still slowing down as in most cities it is about 5%. This is also what the data of BULGARIAN PROPERITIES show which we announced in the beginning of July in our 2Q 2011 market analysis.Average prices of apartments in Bulgaria have dropped nominally by 1.6% compared to the previous quarter and by 6.4% compared to the second quarter of 2010. The real decrease of prices of apartments after inflation is 1.9% compared to the previous quarter and 9.5% year-on-year (compared to the same quarter in 2010). For Sofia the nominal decrease in prices is 2.07% compared to the previous quarter and 5.94% year-on-year. After

Analysis of the Bulgarian Property Market 2Q 2011

Polina Stoykova, Chief Operations Manager, BULGARIAN PROPERTIES — Wed, 13 Jul 2011 00:00:00 GMT

In contrast to 2010, when property prices dropped by about 10%, in 2011 we are witnessing an average decrease of 5% in the prices of different property types. The good news in the last few months is the increase in the number of concluded deals which is the first long-awaited positive signal for the beginning of the recovery of the Bulgarian property market.In the first half of 2011 the most dynamic markets were those in the capital Sofia and along the Southern Black Sea coast. The market in Sofia is driven solely by Bulgarian buyers and the seaside market – almost entirely by Russian buyers. According to BULGARIAN PROPERTIES' data sales in these two areas make up 40% of the total number of sales in the country, which makes them the trend-setters on the residential market and in the holiday home segment. Highlights of the last quarter:• An increase in the number of concluded deals in

We have a new layout of our property listings and you are welcome to see it!

Head Office of BULGARIAN PROPERTIES — Wed, 06 Jul 2011 00:00:00 GMT

BULGARIAN PROPERTIES are pleased to present the new layout of our property listings. We have aimed at designing much more intuitive and ever more informing property listings, allowing you to make an extensive virtual tour of the property of your choice.Browse through our hot offersorSearch properties according to your criteriaWe have added new features to the many we already offer, like a map that is easier to use, a field for subscription to our weekly newsletter through which one can follow the market trends around the country, as well as a new better way of presenting the photos of the property.The new layout allows the viewers to spot and access the information they need more easily, like the price of the property and the estate agent. Of course, we have kept all the features that make every offer unique, like the statistics of the offer, the property and area features and all those

Housing Price Determinants and the Price Cycle in Bulgaria

Polina Stoykova, Chief Operations Manager of BULGARIAN PROPERTIES — Tue, 14 Jun 2011 00:00:00 GMT

Polina Stoykova, Chief Operations Manager and Head of the Research Department of BULGARIAN PROPERTIES presented a paper at the Summer Conference of the International Academy of Business and Economics in Barcelona, Spain on 3rd June. This paper is published in the current issue of the Journal of International Business and Economics.The title of the paper is: 'Housing Price Determinants and the Price Cycle: Are the Fundamentals Valid, What is Specific and What Steers the Cycle?' It is the first paper focusing on the real estate market in Bulgaria and comes as a result of months of close observation of the Bulgarian property market, collection and interpretation of market data, all supported by BULGARIAN PROPERTIES and its Market Research Department.Download a brief presentation of the article from hereHere is an abstract of the paper: The past decade was very dynamic for the real estate

NSI data: Nominal Prices of Apartments in Bulgaria Fall by 2.34% 1Q 2011. Real Price Drop after Inflation Is 3.93%

Polina Stoykova, Chief Operations Manager, BULGARIAN PROPERTIES — Thu, 28 Apr 2011 00:00:00 GMT

On 21.04.2011 the Bulgarian National Statistical Institute (NSI) announced its data for 1Q 2011 for the prices of apartments in the regional cities around the country. Statistics shows that the decrease in the prices continues but now it has slowed down significantly. Average prices of apartments in Bulgaria have dropped nominally by 2.34% compared to the previous quarter and by 5.62% compared to the first quarter of 2010. The real decrease of prices of apartments after inflation is 3.93% compared to the previous quarter and 9.68% year-on-year (compared to the same quarter in 2010). For Sofia the nominal decrease in prices is 4.42% compared to the previous quarter and 3.95% year-on-year. After inflation prices of apartments in Sofia decreased by 5.97% compared to the previous quarter and by 8.09% compared to the same period last year.The data for apartment prices in the big cities around

Analysis of the Bulgarian Property Market 1Q 2011

Polina Stoykova, Chief Operations Manager, BULGARIAN PROPERTIES — Mon, 18 Apr 2011 00:00:00 GMT

The stabilization on the Bulgarian property market which started in the middle of 2010 continued in the first quarter of 2011. The increase in sales is still small – only 3% compared to 1Q of 2010, but the first positive signal comes from the market in Sofia, where according to the data of BULGARIAN PROPERTIES property sales doubled compared to the same period last year.Highlights:• Increase in the overall number of sales by 3% compared to 1Q 2010• Retention of property prices in the capital Sofia, similar to those from the second half of 2010• Decrease in average prices in Bansko by 10% and even more in the other ski resorts in Bulgaria and lack of interest in properties in the ski resorts• Retention of property prices along the southern Bulgarian Black Sea coast and an increase in the number of concluded deals compared to the same period last year, the main buyers being

Demographic Trends and the Property Market in Bulgaria

Polina Stoykova, Chief Operations Manager, BULGARIAN PROPERTIES — Tue, 12 Apr 2011 00:00:00 GMT

On April 5th 2011 the Bulgarian National Statistical Institute (NSI) announced the express data of the national census which took place in February 2011. The demographic factors, including the growth in population, the internal migration, the age of the population, etc. are considered fundamental factors in defining the trends on the real estate markets and property price fluctuations in the long run. This data is a good basis for analyzing the Bulgarian property market so that it can be seen what influence they have on the real estate sector in the country. Recently BULGARIAN PROPERTIES published its overview of the Bulgarian property market for the decade 2000-2010 and now the census data will help us see the interrelations between the demographic trends and the Bulgarian real estate market. The NSI express data show that 73% of the population in Bulgaria lives in cities and 27% - in

10Y Review of the Bulgarian Residential Real Estate Market 2000-2010

Polina Stoykova, Chief Operations Manager, BULGARIAN PROPERTIES — Wed, 23 Mar 2011 00:00:00 GMT

With the end of the first decade of the new century, during which we witnessed the beginning of a modern real estate market in Bulgaria, we from BULGARIAN PROPERTIES decided to turn back and make an overview and to strike a balance of the existing data of the properties in Bulgaria in the last ten years. We witnessed a very dynamic ten years in the Bulgarian property sector which brought about drastic increase in prices and in the number of deals, as well as more dynamism to the building sector followed by a plummeting in the last two years.We used the data of the National Statistical Institute (NSI) as a basis for our research, it being the most comprehensive existing statistics of property prices. This information is relative only to residential properties – apartments in regional cities around the country. Even though it doesn’t include holiday properties, rural houses, plots of

The property market in Sofia is more dynamic. Increase in the number of apartment deals in Sofia in Jan. 2011

Polina Stoykova, Chief Operations Manager, BULGARIAN PROPERTIES — Wed, 09 Feb 2011 00:00:00 GMT

The first month of 2011 was very dynamic and successful in term of deals with apartments in the capital Sofia. On the background of the number of sales around the country equaling those in January 2010, the number of deals in Sofia increased twofold compared to the same month in 2010. If we compare the data of the sales in Sofia in January with previous years according to our company there has never been such a strong January for apartment deals in the capital. Usually the number of sales decreases in the first couple of months of the year, but this didn’t happen in 2011. There is also a considerable increase in the number of deals on a monthly basis compared to December 2010 and so January 2011 is one of the strongest months on the property market in Sofia in the last two and a half years. This is a very good sign for the real estate market in Bulgaria in general as the trends in

Investing in Agricultural Land – Prices, Possibilities and Latest Trends

Polina Stoykova, Chief Operations Manager of BULGARIAN PROPERTIES — Fri, 04 Feb 2011 00:00:00 GMT

There has been an active discussion lately that investing in agricultural land is one of the best options the Bulgarian real market offers. This is why we have prepared this information material about the prices, trends, regulations and opportunities that the agricultural land market in Bulgaria offers.According to the data of BULGARIAN PROPERTIES prices of agricultural land dropped by 30% on average in 2009 and demand in most of 2009 decreased by about 50% compared to the peak points in 2008. If in 2008 the average price of sold agricultural land was about 179 Euro per 1,000 sq.m. in 2009 it was sold for about 128 Euro per 1,000 sq.m. The active players on the market withdrew and the number of concluded deals plummeted. The exceptions to the common trend are the big and consolidated plots – there was no actual decrease in their price as their supply is limited and the demand is

Annual Report on the Bulgarian Real Estate Market 2010/2011

Polina Stoykova, Chief Operations Manager, BULGARIAN PROPERTIES — Wed, 26 Jan 2011 00:00:00 GMT

The end of 2010 was also the end of the first decade of the existence of a real property sector in Bulgaria. It was a dynamic decade during which we witnessed a property boom followed by a significant fall in prices and number of deals. The good news is that 2010 brought stabilization to the sector and the Bulgarian real estate market is entering a phase of stabilization and maturity in the new decade. 2010 – stabilization of the prices and an increase in the number of realized deals.2011 – continuing stabilization of prices, more convincing increase in the number of deals and a small increase in property prices in the last quarter of the year.This is how the main trends for the past year and our expectations for this year can be described. According to BULGARIAN PROPERTIES data based on actual concluded deals in 2010 the decrease in property prices slowed down and it was 8.3% on

The Bulgarian Property Market – 2010/2011 – Trends and Perspectives

Polina Stoykova, Chief Operations Manager, BULGARIAN PROPERTIES — Thu, 09 Dec 2010 00:00:00 GMT

The end of 2010 is already near – the year which many of us expected to be more successful, the year which would turn the decrease in property prices into an increase. It is true that 2010 also brought the so-expected stabilization on the Bulgarian real estate market and as a whole it was more successful than 2009. However, it didn’t manage to convincingly end the drop in real estate prices. According to BULGARIAN PROPERTIES data the additional discounts in the asking prices of properties this year were about 5%. The drop in property prices on the basis of concluded deals also slowed down and the average percentage for the country in 2010 is expected to be about 10% year-on-year, as this percentage varies for the different market segments between 2 and 15%. This trend is backed up by the National Statistical Institute data according to which the decrease in apartment prices around

BULGARIAN PROPERTIES' Analysis of the Property Market 3Q 2010: Stabilization

Polina Stoykova, Chief Operations Manager, BULGARIAN PROPERTIES — Mon, 18 Oct 2010 00:00:00 GMT

I. GENERAL MARKET TRENDS Two months before the end of 2010 we can summarize that this year is turning out to be а zero point for the Bulgarian property market as there has been no significant change in the number of deals, in the prices of sold properties or in the listed properties compared to 2009. Of course, this year is very important for the market – the reaching of a balance and stability is an important moment, especially after the years of property boom followed by a significant decrease of property prices in 2009. From this point of view 2010 was like a breath of fresh air for the players on the market who had time to get used to the new market realities, to think, to make decisions and to develop action strategies. After the contradictory signals the real estate market gave in the second quarter of the year the number of deals returned to the balance levels from the

BULGARIAN PROPERTIES Launch A Website of a New Generation!

BULGARIAN PROPERTIES Head Office — Thu, 02 Sep 2010 00:00:00 GMT

Dear friends,We are glad to present to you our new website www.BulgarianProperties.com, which we launched on September 1st 2010. Being a leader in the field of internet marketing, BULGARIAN PROPERTIES now sets the start of a new stage of the development of the Bulgarian property market in the internet with this new website. It contains full and detailed presentation of all the properties and gives comprehensive information to all our clients. Together with the already familiar features like property search as per different criteria, e-services for free weekly newsletters and customized property alerts, with the new BULGARIAN PROPERTIES website you will also have the chance to use a number of new features:• Detailed descriptions of the properties, photos, plans, features of the area in which the property is located and possibility to download an info pack for each property. We know that

Analysis of the Bulgarian Real Estate Market 2Q 2010: The Market Gives Diverse Signals, Discounts on Properties Decrease

Polina Stoykova, Chief Operations Manager, BULGARIAN PROPERTIES — Mon, 12 Jul 2010 00:00:00 GMT

I. GENERAL MARKET TRENDS In the second quarter of 2010 the Bulgarian property market gave very diverse signals. After 6 months of a similar number of deals the month of March witnessed an increase in the deals and there was optimism that this is the beginning of the end of the crisis. The increase in the number of deals continued all through April as BULGARIAN PROPERTIES registered record sales since the beginning of the crisis. However, after that about 10% of the buyers who had signed preliminary agreements for purchasing a property decided to back out of the deal due to lack of finances and an increased insecurity about their financial situation. May was a very slow month with a 60% drop in the number of deals around the country compared to April. In June sales returned to levels close to those from March and April but also close to June 2009 which was one of the best months for the

Holiday Homes in Summer and Winter Resorts in Bulgaria – Buy when Everybody Is Selling! Prices from just 300 EUR/sq.m.

Polina Stoykova, Chief Operations Manager, BULGARIAN PROPERTIES — Mon, 14 Jun 2010 00:00:00 GMT

It is the holiday home sector that the crisis hit the most – in the last year prices there dropped significantly (sometimes by as much as 50%) and the demand decreased greatly. The first half of 2010 was more successful for holiday properties compared to the same period in 2009 as the discounted prices once again attract the interest of buyers of various nationalities. Of course, we are far from reaching the number of deals we concluded before the crisis but still there are deals – now they are concluded at prices between 350 and 700 Euro/sq.m. These prices are in the lower price segment for the resorts along the seaside and in the ski resort of Bansko. During the winter season we managed to realize three times more deals in Bansko than in 2009 – the most difficult year on the Bulgarian property market. Since March we have been witnessing an increased interest on the part of

Rural properties in Bulgaria – prices, trends and perspectives in 2010

Polina Stoykova, Chief Operations Manager, BULGARIAN PROPERTIES — Mon, 03 May 2010 00:00:00 GMT

Rural properties were probably most affected by the crisis as their prices fell by 53% in a year. In the first quarter of 2010 the number of realized deals with rural properties remained the same as that in 2009 but the average price of the rural properties sold in 2010 is 9,640 Euro while in the beginning of 2009 it was 19,980 – a decrease of 52% (the average price of sold rural properties for the whole of 2009 was 14,300 Euro).Average prices* of sold rural properties as per region and percent of decrease compared to 2009:• Regions of Varna and Dobrich – 10,700 Euro -28%• Region of Stara Zagora – 8,530 Euro -37%• Region of Vidin – 5,900 Euro -16%• Region of Montana – 4,500 Euro -6%• Region of Pleven – 5,500 Euro +15%*The average prices for 2009 and 2010 are based on actual concluded deals with clients of BULGARIAN PROPERTIES.At present in the villages around Sofia

Analysis of the Real Estate Market in Bulgaria for 1Q 2010

Polina Stoykova, Chief Operations Manager, BULGARIAN PROPERTIES — Mon, 12 Apr 2010 00:00:00 GMT

I. GENERAL MARKET TRENDSThe first quarter of 2010 was relatively successful for the real estate market in Bulgaria as the average activity on the market was about 40% higher compared to the same period in 2009 – the most difficult period on the property market in Bulgaria. Property sales in January and February 2010 remained the same as those in the second half of 2009. March brought higher activity on the market and the number of deals reached a record high since the beginning of the crisis and a growth of 50% compared to the average monthly levels in the last 10 months. The more dynamic market in March was mainly connected to properties in regions around the country some of which had registered almost no deals in the last few months. The activity on the market of city properties in Sofia and Varna remains unchanged compared to the last six months and property prices based on actual

Number of Properties with Decreased Prices Increase Threefold in Half a Year

Polina Stoykova, Chief Operations Manager, BULGARIAN PROPERTIES — Thu, 11 Feb 2010 00:00:00 GMT

According to the data of BULGARIAN PROPERTIES a total of 18% of the active offers on the company’s site are with discounted prices. For comparison, an analysis from June 2009 shows the properties in this section made up only 5% of the company’s active offers. This means that for a little more than half a year we have a threefold growth of the number of discounted properties. A large part of the new offers should also be added to this section as they are published at a lower price as the market demands it. The conclusion to be made from this trend is that the market is gradually regulating itself in search of the point of balance between the offer prices and the actual market prices. In our weekly newsletter with newly published properties we also send our clients those offers whose prices have been discounted during the week. Since the beginning of the year the number of the

Annual Report on the Bulgarian Real Estate Market 2009/2010

Polina Stoykova, Chief Operations Manager, BULGARIAN PROPERTIES — Fri, 22 Jan 2010 00:00:00 GMT

2009 – decrease in property prices, postponement of purchases and search for bargain deals. 2010 – in anticipation of reaching the market bottom, price stabilization and increase in the number of realized deals. These are the general market trends in 2009 and the beginning of 2010.2009 in numbers*:• 36% decrease in the average property prices in the country compared to 2008;• 40% decrease in the number of realized sales compared to 2008;• 23% decrease in the average prices of apartments in Sofia and 55% annual decrease in the number of deals in the capital;• 22.5% decrease in the average prices of apartments in Varna;• 41% decrease in the average prices of apartments in Bansko compared to 2008;• 40% decrease in the prices of apartments in Sunny Beach and the other southern Black Sea resorts; • 53.5% decrease in the average prices of sold rural properties.*The data is

The Bulgarian Property Market in 2009 - Latest Figures, Overview and Future Trends

Polina Stoykova, Chief Operations Manager, BULGARIAN PROPERTIES — Thu, 10 Dec 2009 00:00:00 GMT

The end of a very tough year is coming and here is our overview of what has happened to the Bulgarian property market in 2009 and what we can expect for next year.1. Latest figuresThe month of November was more dynamic than we expected and there were some interesting trends. Firstly, the total number of deals BULGARIAN PROPERTIES realized in the country is only 15% less compared to October. This result differs from previous years when the number of new deals in October was always much higher compared to November. The other interesting outcome on the market is the type of deals concluded in the big cities – they are mainly in the high price segment of 100,000 Euro and more. For example, in November in Sofia were purchased mainly apartments with an area of over 100 sq.m. at prices between 100,000 and 250,000 Euro, at an average price of 1,100 Euro/sq.m. This trend is quite the opposite

Sofia Property Prices Continue to Fall - November 2009

Polina Stoykova, Chief Operations Manager, BULGARIAN PROPERTIES — Tue, 17 Nov 2009 00:00:00 GMT

It has already been a year since the Bulgarian real estate market was officially hit by the crisis. October 2008 was the last active month before the crisis brought half a year of decrease in the number of deals on the real estate market followed by a decrease in prices. Here are the latest data of BULGARIAN PROPERTIES* about the current state of the market a year after the beginning of the crisis:• 35% decrease in the number of concluded deals in the country in October 2009 compared to October 2008. • 40% decrease in the number of deals for the first ten months of 2009 compared to the same period in 2008. • 38.5% decrease in the average price of concluded deals with residential properties in Sofia in 2009 compared to 2008. • 30% decrease in the rental prices of commercial properties (offices and shops) in Sofia and Varna. • Over 50% decrease in the prices of Bansko apartments.

Bulgarian Business Properties Analysis – Offices and Shops Sales and Rentals 2009

Polina Stoykova, BULGARIAN PROPERTIES — Wed, 07 Oct 2009 00:00:00 GMT

I. Offices and Shops in the capital of Sofia1. Sales of offices – the market of sales of offices in the capital Sofia has been very quiet since the beginning of 2009, the supply varies greatly but there is no demand. In this segment sellers are still not flexible enough in terms of prices which can be seen from the small percent of price discounts – only 15% of the offers are sold at lower prices as the discounts are up to 10%. Nevertheless, BULGARIAN PROPERTIES has a limited number of offers whose owners are willing to make big price reductions. However, even after price discounts the offices are rarely sold for less than 1,500 Euro/sq.m. Currently, BULGARIAN PROPERTIES offer a wide choice of offices with prices between 2,000 to 2,700 Euro/sq.m. for offices in class A buildings or in the capital’s ideal center. Offices in new buildings in the wide center area, along Bulgaria Blvd.

Properties in Ski Resorts in Bulgaria Offered at Attractive Prices

BULGARIAN PROPERTIES — Wed, 23 Sep 2009 00:00:00 GMT

In the last few months buyers have been showing increased interest in holiday properties in the big ski resorts in Bulgaria. However, the greatest interest is in the ski resort of Bansko and it is the place with the most concluded deals with holiday properties. The main reason for that is the decrease in the price of this type of properties which were the first to be hit by the crisis, as with some properties the price discount is as high as fifty percent and prices returned to their levels from 2005. At present, this type of properties is more accessible to buyers – not only to foreigners, but to Bulgarians as well. Another reason for the market segment to become more dynamic is the approaching of the winter season which inevitably increases the interest in mountain resorts and holiday homes. The statistics of BULGARIAN PROPERTIES shows that buyer enquiries are mainly for ski

The Crisis Didn’t Bypass Rural Properties in Bulgaria: Their Prices Decreased by 53% in 2009. Demand Is Slowly Rising

Polina Stoykova, BULGARIAN PROPERTIES — Wed, 16 Sep 2009 00:00:00 GMT

This is what the data of BULGARIAN PROPERTIES show based on actual concluded deals with rural properties in 2009 compared to 2008. The beginning of 2009 saw a decrease in rural property prices, which was the first in the last few years. In the last few years rural property prices increased steadily as in 2008 the average price rose by 24% compared to 2007 despite the decrease in sales by 43.5%. BULGARIAN PROPERTIES’ 2009 analyses showed as early as March 2009 that the average price of rural properties decreased by 40% compared to the average price in 2008 and the drop in sales continued till the end of April 2009 and reached 55% compared to the same period of 2008. May 2009 brought change to the property market which became more dynamic due to the decreased prices which reflected on the rural property segment as well. From May till the end of August the average price of the concluded

A Place in the Sun Magazine: “We Can’t Afford to Buy in the UK, so We’re Looking in Bulgaria”

Mon, 17 Aug 2009 00:00:00 GMT

In its August issue British property magazine A Place in the Sun tells the story of Charlie Horton and Toni Walker from Wiltshire who want to buy property in Bulgaria. Charlie and Toni have a budget of 5,000-7,000 GBP and their plan is to buy two rural properties, or a house with an outbuilding they can renovate. Their plan is to spend half the year in Bulgaria and the other half in the UK, so that Charlie can keep an eye on his business interests, which, they're hoping, will bring in enough cash for them to live on in Bulgaria, where the cost of living is low.According to the magazine Charlie and Toni have ambitious plans to start a new life in Bulgaria, and the panel of experts were happy to give them some words of wisdom to help them on their way:Polina Stoykova is Chief Operations Manager at estate agency Bulgarian Properties (www.bulgarianproperties.com)Buying a rural property in

BULGARIAN PROPERTIES' Exclusive Project Nominated for Best Project 2009

Wed, 17 Jun 2009 00:00:00 GMT

VOTE FOR PORTO PARADISOBULGARIAN PROPERTIES presents to your attention the Porto Paradiso project which has been nominated in an international luxury holiday and city projects competition, in the Best Project 2009 category. Porto Paradiso is the most exclusive seaside project in Bulgaria with its first-line beachfront position and only minutes away from the Marina of the elite resort of Sveti Vlas. Porto Paradiso is a classical Mediterranean-style building with vaults, wall piers and cornices and a wealth of details on the faзade, as special attention is paid even to the smallest details.Porto Paradiso satisfies all the necessary characteristics of the competition like distinctive architecture, quality construction, ecological technologies, good infrastructure and five-star management and deserves to win the Best Project 2009 award. VOTE FOR PORTO PARADISO and you will vote for quality

Properties in Bulgaria - Average Price Decreases and Discounts in 2009

Polina Stoykova, Chief Operations Manager, BULGARIAN PROPERTIES — Mon, 08 Jun 2009 00:00:00 GMT

This analysis shows Bulgarian property price decreases since the beginning of 2009 based on property offer prices in comparison to the prices of real deals. All data comes from the offers on BULGARIAN PROPERTIES' website as well as the company property deals.After the almost half-a-year hibernation of the Bulgarian real estate market, in the middle of March BULGARIAN PROPERTIES registered the first signs signaling its awakening and the turn of the sale decrease trend on a monthly basis. The decrease in property prices all around the country is also a fact. It started furtively, lower prices were reached only after bargains with serious buyers but in the last couple of months sellers have become bolder in lowering the prices of their properties. Property prices in Sofia have decreased by 13.23% in 2009. Prices of furnished apartments in Bansko start from 495 Euro/sq.m. and those in the

BULGARIAN PROPERTIES' Advice to Property Buyers in a Time of Crisis

Mon, 18 May 2009 00:00:00 GMT

1. Take maximum advantage of the crisis. A crisis in the real estate sector happens relatively rare. Even though the demand has now decreased, there will always be a demand for properties in Bulgaria as an emerging market and top tourist destination. Besides, properties have always been a reliable haven for investors who do not want to take any risks and this is also valid during economic crisis. Therefore, do not hesitate to buy a property if you have found a suitable one. Act now because you might not have another chance like that. 2. Choose the right moment. Prices do not decrease overnight. This is a process which usually takes a few months. Buy when prices reach the bottom. It is hard to tell when exactly they will reach their minimum level, therefore turn to your real estate consultant for advice. 3. Estimate whether you can afford it. When property prices fall you will feel much

BULGARIAN PROPERTIES’ Advice for Successful Buying and Selling of Properties in Bulgaria

BULGARIAN PROPERTIES, Head Office — Thu, 30 Apr 2009 00:00:00 GMT

I. Advice to the buyersDo you want to buy a property abroad and prefer Bulgaria? Do you have free funds which you want to invest in a second home to use during the holidays or when retired?If the answer to these questions is YES, then you should know that now is the time to find and buy the right property. Property prices have not been so low in the last 13 years and now there are much more quality properties and variety of choice than back in 1996.Here are the most important aspects which should guide you when choosing a property: 1. Most of all, the property is an investment, so be pragmatic. Don’t forget that most probably one day you will decide to sell the property you are buying today. It is very important that you like it with your heart but more importantly – in time this same property should also be liked by the other buyers. 2. The features of the property. Don’t let one

Rural Properties – The Alternative Holiday Homes in Bulgaria

Polina Stoykova, Chief Operations Manager, BULGARIAN PROPERTIES — Thu, 16 Apr 2009 00:00:00 GMT

1. Average prices of completed deals with rural properties in 2009When speaking of average prices of realized rural property sales we do it with the condition that they are to be seen as an indicator for comparison to the average prices of realized rural property deals from previous periods and for analyzing the market trends and not for averaging the price levels of rural properties in a certain area. Rural properties have diverse qualities and each region offers houses with unique characteristics, location, size, etc. and, naturally, with corresponding higher prices. Also, each area has its typical parameters regarding the built-up area and the size of the yard. For example, the villages around Sofia up to the ski resort of Borovets, around the seaside and other attractive regions have smaller yards and bigger built-up areas while the properties in the more unpopular areas around

1Q Market Analysis: Diverse Property Offers, Numerous Viewings and for the First Time in 5 Months – а Change in the Deal Decrease Trend

Polina Stoykova, Chief Operations Manager, BULGARIAN PROPERTIES — Mon, 06 Apr 2009 00:00:00 GMT

I. GENERAL MARKET TRENDS 1. Increase in the supply of all property typesSince the beginning of the year the supply has been extremely diverse. Every day dozens of apartments in Sofia, Varna, Bourgas, Plovdiv and Stara Zagora appear on the market for sale and rent. The same is also true for office and commercial properties – never has there been such variety of quality offices and shops for sale and rent at attractive prices in top locations. A number of attractive holiday homes and rural properties are also put on the market. However, a great part of the sellers still want high prices for their properties hoping a buyer to appear and in most cases they are left disappointed and their offers remain on the market for a long time. 2. The number of the viewings has increased since the beginning of the yearThere is a fourfold increase in the number of the viewings from the beginning of

Education in Bulgaria

BULGARIAN PROPERTIES — Mon, 23 Mar 2009 00:00:00 GMT

As part of our “Moving to Bulgaria” series, we are pleased to add Education to the growing library of key areas that are particularly important to those thinking of moving here. Here, we explore how the Bulgarian educational system operates; how students access and progress through it; and how it compares with - and differs from - the education with which expats and their children may be more familiar ... Structure and Background:The Bulgarian constitution states that: everyone, including citizens from EU and EEA countries who are living and working in the country, shall have the right to free education in state and municipal schools. This means that the only costs for which parents are asked to pay for their children’s schooling in Bulgaria are textbooks, stationery and school field trips. Bulgaria’s school year starts on September 15 (or the following Monday if this date falls

BULGARIAN PROPERTIES SEMINAR: THE BEST PROPERTY BARGAINS IN BULGARIA

Mon, 16 Mar 2009 00:00:00 GMT

PRICES ARE FALLING. SOON YOU WILL HAVE THE OPPORTUNITY TO BUY YOUR DREAM PROPERTY AT AN UNBELIEVABLE PRICE! The global trend of property price decrease which we have been witnessing in the last few months did not bypass Bulgaria. The result is that very attractive offers at unbelievably low prices started appearing on the market. BULGARIAN PROPERTIES organize a seminar at which the company will present its best offers from around the country. The event will take place on Saturday, May 9th 2009 in the ski resort of Bansko, in the luxury holiday development Belvedere Holiday Club. Only at the seminar will we present for the first time extremely lucrative offers which have not been yet presented to potential buyers as we will offer special discounts to those present at the seminar. The participants in the seminar will also be given the opportunity to join the Bulgarian Properties Club and

Bulgaria – Stable Economy and Banking Sector

Velimira Dimitrova, BULGARIAN PROPERTIES — Mon, 09 Mar 2009 00:00:00 GMT

It is not that the global economic crisis has not affected Bulgaria. But in a time when it is reigning in Europe Bulgaria’s economy remains stable and secure. There are many facts to back up that statement and we are going to provide some of them. According to experts the Bulgarian currency is stable and so is the banking sector; the financial wealth of the Bulgarian households though slowing down reached 8 percent in the last quarter of 2008. The Currency BoardRecently, experts from the Bulgarian National Bank announced that the Bulgarian Lev (BGN) is the most stable currency in Eastern Europe due to the Bulgarian economy being the most flexible and competitive in the region. A Citibank analysis reads that the currency board is solidly based to weather adverse shocks, with substantial buffers built up in the fiscal reserve account (around 15.0% of GDP) and large foreign reserves.

After Another Year of Price Growth the Rural Properties in Bulgaria Now Cost Less

Polina Stoykova, BULGARIAN PROPERTIES — Fri, 27 Feb 2009 00:00:00 GMT

What happened on the Bulgarian rural property market in 2008? Are the prices of rural property decreasing and is there a demand for such properties? This is what the BULGARIAN PROPERTIES' data shows:I. Average prices of rural properties in 2008* and price increase from 2007*:Villages around Sofia - 29,500 EUR +38%Stara Zagora Region - 13,460 EUR -3.8%Plovdiv Region - 17,300 EUR +24%Varna Region - 31,300 EUR -43%Bourgas Region - 28,800 EUR -7%Vidin Region - 12,500 EUR +19%Veliko Tarnovo - 14,200 EUR 0%Yambol Region - 16,300 EUR +20%Kardjali Region - 27,100 EUR +70%Montana Region - 7,850 EUR +26%* The average prices for 2007 and 2008 are based on real property deals with clients of BULGARIAN PROPERTIES. The average prices serve as market indicators for measuring the market trends. There are cheaper and more

Real Estate – Possibilities in a Time of Crisis

Velimira Dimitrova, BULGARIAN PROPERTIES — Tue, 24 Feb 2009 00:00:00 GMT

The first anti-crisis conference in the real estate sector in Bulgaria - BalREAct - Reaction to Crisis was held on 20th February 2009 in the Kempinski Hotel Zografski, Sofia. The main topics which the participants discussed were the state of the legal framework regulating the property sector, investment encouragement and partnerships, the residential policy and the prices and quality on the real estate market. The conference allowed the professionals in the branch, the financial experts, the representatives of the state and local authorities and the media to discuss the current economic situation in the country as well as the mechanisms for coming out of the crisis. The participants in BalREAct were unanimous that the sector needs investment incentive policies, as well as improvement of the competitive power and the quality of the product. They also agreed that 2009 is the year of the

Property Insurance in Bulgaria. Insurance Prices.

Polina Stoykova, BULGARIAN PROPERTIES — Mon, 16 Feb 2009 00:00:00 GMT

Although our Bulgarian clients are still considering whether the property insurance is a necessity or an additional extra, our foreign clients require this service in almost 100% of the cases. That is why one of the first departments in the company BULGARIAN PROPERTIES was the Insurance department. Our insurance experts help you find the best insurance product for your needs and takes care of the renewal of the insurance policies and provide assistance in case of an occurrence of an insured event. Besides insurance of immovable property, we also offer all other types of insurance. The result of the work of our insurance department is that on February 16th 2009, for a third year in a row, it was announced number one broker in the country in the Property Insurance category by one of the biggest insurance companies in Bulgaria - Allianz. BULGARIAN PROPERTIES' insurance expert Galya

Tenants and Landlords Replace Buyers and Sellers

Polina Stoykova, BULGARIAN PROPERTIES — Mon, 09 Feb 2009 00:00:00 GMT

In contrast to the slowing down of the property purchases, the rental market marks a stable growth and an ever-increasing interest which is best seen in the capital Sofia and in Varna. This trend started in October 2008 and continues well into the new year. On the one hand, this is due to the fact that more and more people prefer or are forced to rent properties instead of buying them with mortgage loans – due to the more difficult process of financing, the shifting interest rates and the uncertainty regarding the servicing of the loan. The increasing unemployment also contributes to this trend. On the other hand, the increased rental deals are also dictated by the decreasing property purchasing deals which made buyers and sellers turn into tenants and landlords waiting to see what direction the market will take in 2009. The DemandWhat our rental specialists in Sofia and Varna note is

TO SELL OR NOT TO SELL?

Polina Stoykova, BULGARIAN PROPERTIES — Mon, 02 Feb 2009 00:00:00 GMT

Many owners ask themselves: Is this the RIGHT TIME to SELL my property in Bulgaria?If we look from a purely pragmatic perspective, the answer is NO. The market is now flooded with many properties for sale, which increase the supply while the demand is either decreasing, or the buyers are waiting to see what will happen.However, the various sellers have various needs. Some of them need to sell in order to cover their financial liabilities or to avoid future money loss for keeping the properties. In such cases they cannot afford to possess properties in Bulgaria or elsewhere and the answer is to SELL as fast as possible.So, generally our advice is:1. Keep your properties if you can afford this;2. Otherwise try to sell at the best price you can get.BULGARIAN PROPERTIES can help sell your propertyWe would be glad to help you sell your property providing a full service - advertising the

Annual Report on the Bulgarian Property Market 2008/2009

Polina Stoykova, Chief Operations Manager, BULGARIAN PROPERTIES — Mon, 26 Jan 2009 00:00:00 GMT

The analysis is based on empirical data from real completed property deals of BULGARIAN PROPERTIES in 2008 compared to the ones in 2007. The National Statistics Institute's figures support our market overview.2008 – less deals at increased property prices with 26%. 2009 – the time for property buys at reasonable prices. This is how the market can be described in general.Contact the author of the analysisPRICE VARIATION AND AVERAGE PROPERTY PRICES IN 2008 2008 was the year of the great expectations that the credit crunch, which later grew into financial, will not affect Bulgaria and if it affects the country, it will not be to a great extent. That is why in the first nine months of the year there were almost no disturbances on the property market and good deals were concluded. However, the last three months of the year turned out to be critical for the real estate market and for the

BULGARIAN PROPERTIES' Advice: Choose Aheloy Palace for Your Beachfront Holiday Property

BULGARIAN PROPERTIES Head Office — Mon, 19 Jan 2009 00:00:00 GMT

The Bulgarian Black Sea coast is one of the most attractive spots for holidaymakers from all over the world. They are attracted by what the area offers and the fact is that there is something for everyone. 220 kilometers of sandy beaches with over 1700 hours of sunshine from May to October. A wide choice of sights to visit thanks to Bulgaria’s rich cultural heritage. Pampering spa procedures or a trip to the golf course for a refreshing swing of the club. Numerous water sports to choose from or long walks among the beautiful nature. One of the best places to relax and pamper yourself is the jewel of the Bulgarian Black Sea coast: the Aheloy Palace development – the most preferred and best sold complex in the Sunny Beach area for 2008. We at BULGARIAN PROPERTIES consider this to be one of the best investments on the market at present because: • Aheloy Palace has a desirable

Winter Money Saving Time with BULGARIAN PROPERTIES

BULGARIAN PROPERTIES Head Office — Mon, 12 Jan 2009 00:00:00 GMT

This winter BULGARIAN PROPERTIES give you the opportunity to SAVE 600 EUROS on COMPANY FORMATION FEE between 15th January and 31st March 2009.Because the new year is the time for new beginnings and initiatives. Because early in the year people like to start things they couldn't do last year. So, all of you who want to have properties in Bulgaria and couldn't manage to do this earlier, it is the right time to choose. BULGARIAN PROPERTIES think that in 2009 the real estate market in Bulgaria will be a buyers' market with interesting offers and reasonable prices. Click here to read moreWHO IS ELIGIBLE FOR THIS PROMOTION?It is valid for all our clients who start a property purchase process with us between 15th January and 31st March 2009 and company formation is needed.If you wish to organise a viewing trip or need any kind of help, please send us your enquiry.MORE DETAILSThe company we

Four years in Bulgaria - and it keeps getting better…

Adrian Musgrave — Mon, 05 Jan 2009 00:00:00 GMT

While there is a wealth of detailed advice about finding and buying the right property in the right location in Bulgaria, there is very little information about what life here is actually like. So, after four years of permanent residence, Adrian and Toni Musgrave share their experiences across a number of key issues for expats and explain why the country is now their ideal lifestyle choice. If you have any questions, you can contact Adrian and ToniIt is estimated that around 58,000 foreigners now live in Bulgaria, where all the major towns and cities have a sizeable ex-pat community and virtually every village in Bulgaria has its cohort of resident British families. This number is set to increase quite dramatically through 2009 as more and more people adopt the country as their new home. With rising costs of living, falling house prices, lack of mortgage lending and increasing social and

Holiday Greetings from BULGARIAN PROPERTIES

Wed, 17 Dec 2008 00:00:00 GMT

All the staff at BULGARIAN PROPERTIES wish you a wonderful holiday season full of joy and happiness!We hope the year 2009 will bring us all good health, prosperity and success!Yours sincerely,BULGARIAN PROPERTIESwww.BulgarianProperties.com

ON FOCUS: VARNA – a Modern European City with Reasonable Real Estate Prices

Polina Stoykova, BULGARIAN PROPERTIES — Mon, 15 Dec 2008 00:00:00 GMT

Once again Bulgaria’s Sea Capital – Varna – brings joy to its citizens and guests with the marvelous Christmas decorations, cheerful mood and modern European atmosphere. It is not by accident that Varna has once again been announced the Best City to Live In in Bulgaria offering the best standard and quality of living in the country. Apart from the town’s many advantages of economic, social and cultural nature Varna also combines in itself the rhythm of the big city with the pleasant emotions and ambiance of the holiday resort making it an excellent place for investing in residential property which is at the same time a holiday getaway. What is the situation on Varna’s real estate market?Generally speaking, the market is now dictated by the taste and preferences of the buyer and there are plenty of lucrative offers for purchase and rent. If a year ago the prices increased almost

Bulgaria’s Biggest Ski Resorts Ready for Season 2008/2009

Velimira Dimitrova, BULGARIAN PROPERTIES — Mon, 01 Dec 2008 00:00:00 GMT

BANSKO Season 2008/2009 was officially opened on November 29th and Bansko once again proved that it is one of the best ski resorts in Europe. Famous skiers and a unique show welcomed the winter sport fans in Bansko. Everyone present had the opportunity to enjoy the perfect slopes in the star company of Olympic and world champions Hanni and Andreas Wenzel, the world champion downhill skier Harti Weirather, the Italian ski legend Gustavo Thoeni and the resort’s most famous fan – the five-time Ski World Cup winner Marc Ghirardelli. Bansko is the only resort in Bulgaria to offer 65 km of ski slopes. So that the winter sport fans can ski anywhere the concessionaires have bought 25 additional artificial snow machines increasing their number to 75. A new feature this winter will be the skating rink in front of the Strazhite hotel. The snowboard fans will be able to show their abilities in

Autumn 2008 – The Rental Season

Polina Stoykova, BULGARIAN PROPERTIES — Mon, 17 Nov 2008 00:00:00 GMT

The rental market in Bulgaria, in contrast to the sales market where the pace has slowed down, marks a stable growth and increasing interest in the last few months, especially in the bigger cities around the country. The last two months - October and November, have witnessed a peak on the rental market. This, on the one hand, is due to the starting of the new school year and on the other – to the fact that more and more people prefer to rent an apartment than to take a mortgage loan. Forecasts show that the interest towards rents will continue to increase in the next couple of years. This year we at BULGARIAN PROPERTIES have managed to develop a new unit in our company which deals with property rentals. We offer long-term rents of apartments, houses and trade areas in the bigger cities and in the resorts around the country, as well as short-term rents through our partner companies. If

Vidin - Hidden Potential and Possibilities

Velimira Dimitrova, BULGARIAN PROPERTIES — Fri, 07 Nov 2008 00:00:00 GMT

In the last few years Vidin is turning from a town positioned at end of the list of the fast developing Bulgarian towns and cities into a place attracting more and more investments. The reason for that is not only the reviving economy in the town but also the beginning of the long-awaited construction of Danube Bridge 2 which started this year and is expected to finish in 2010. The excellent economical and infrastructural development of the town, as well as the ever increasing investor interest towards purchasing real estate in the area turn Vidin into one of the main areas of focus in the country. That is why in the beginning of October BULGARIAN PROPERTIES opened its own office in the town of Vidin with the following contact details: Bulgarian Properties Ltd.Vidin Office2, Dunavska Str.Vidin 3700, BulgariaTel.: +359 94 600 348Mobile: +359 885 919 003E-mail: Please send your enquiryWe

Property Demand in Sofia: Residential Properties in Southern Quarters Still Most Sought

Polina Stoykova, BULGARIAN PROPERTIES — Wed, 22 Oct 2008 00:00:00 GMT

Autumn traditionally is the season in which the demand for real estate increases which is a fact even now, in the midst of a global financial crisis. What is typical at this moment is the slower conclusion of deals, the more thorough research on the part of the buyers and the higher requirements on their part regarding the quality of the property and the services offered by the real estate agents. Here is what the data of BULGARIAN PROPERTIES show regarding the demand of real estate in the capital Sofia for the period 15.09 - 15.10.2008 based on actual demand by potential clients. 82.4% of the potential clients are interested in residential properties in Sofia and the other 17.6% are looking for offices and commercial areas as the trend is this percentage to increase in the next couple of years. • 29% of the potential clients are looking for a property in the southern quarters of Sofia

Special Discounts for BULGARIAN PROPERTIES Clients during BalPEx

Velimira Dimitrova, BULGARIAN PROPERTIES — Fri, 03 Oct 2008 00:00:00 GMT

Once again autumn is here and it is time for the fall edition of the Balkan Property Exhibition (BalPEx) which is to be held from October 10th until October 12th at the Inter Expo Center in Bulgaria’s capital Sofia. The autumn BalPEx traditionally stresses on residential and holiday property offers oriented both to end-clients and corporate clients. BULGARIAN PROPERTIES is a silver sponsor of the event and will attract the visitors with a number of interesting offers around Bulgaria.BalPEx offers a perfect event to choose among the latest products and services in the real estate industry: sales or rental of houses and summer villas, apartments and apartment complexes, hotels and hotel complexes, business properties including offices and commercial spaces, agricultural land; private properties; financial, insurance, planning and design services; property management, brokerage,

FREE PERSONALIZED VIEWINGS

Head Office, BULGARIAN PROPERTIES — Mon, 29 Sep 2008 00:00:00 GMT

Autumn is the time when people go back to their initiatives and work hard for achieving their aims. It is a very productive period of the year, which leads to its successful end and is an ideal time for new challenges and, of course, Christmas presents. This is why BULGARIAN PROPERTIES now invite you for a FREE VIEWING TRIP to Bulgaria at a time convenient for you between 1st October and 31st December 2008. If you purchase a property with us, we will cover your viewing trip costs for a fixed amount of 300 Euros. You need to pay for all your expenditures - flight tickets, hotels, transportation, etc. and if you decide to buy a property with us, we will pay you back 300 Euros in the form of a reduction in our prices. We won't ask you to present any invoices as we will not consider expenditures of more than 300 Euros - this rate is fixed. We recommend you to use our services for viewing

Bulgaria on the Golfing Map

Velimira Dimitrova, BULGARIAN PROPERTIES — Fri, 19 Sep 2008 00:00:00 GMT

Bulgaria has the ambition to turn into a leading golf destination in Europe. And this could very possibly happen as even the legendary golfer Gary Player exclaimed: “In my golf career I have not seen anything as good as this golf course” having in mind the Thracian Cliffs golf course located right on the coastline near the Black Sea town of Kavarna. Currently there are quite a few golf courses being built in Bulgaria, including a 50-million-euro development near Pravets, and experts believe that strong investment interest will eventually lead to up to the construction of up to forty more resorts in the near future. However, at the moment there are five golf courses which are functioning. Two of them are near the capital Sofia, one is in the town of Sliven and two are with a unique location on the Black Sea coast. The courses around Sofia include that near the town of Ihtiman (the

Analysis of Bulgaria’s 2008 Property Market

Mihail Chobanov, BULGARIAN PROPERTIES — Mon, 08 Sep 2008 00:00:00 GMT

BULGARIAN PROPERTIES CEO Mihail Chobanov analyzes Bulgaria’s 2008 property market.Behind the numbersThis year the Gross National Product in the country is expected to once again exceed 6% which is proof of the ongoing positive development of the economy. The unemployment rate is about 5%, the pensions increase, people’s incomes rise constantly. All these positive trends are proof that Bulgaria is going in the right direction. Of course, there are negative trends as well. There is high inflation rate as the main reasons for that are external like the rising prices of oil on the international markets, etc. Another reason for the high inflation is the rising income and the continuously increasing prices. However, Bulgaria is still the EU country with the lowest prices of services and real estate. The prices of services and of labor in Bulgaria have the potential to increase until they

BULGARIAN PROPERTIES in the media: Bulgaria’s 2008 Real Estate Market Is Calmer and Segmented

Velimira Dimitrova, BULGARIAN PROPERTIES — Tue, 02 Sep 2008 00:00:00 GMT

From October 10th to 12th 2008 Bulgaria’s capital Sofia will host the 4th Balkan Real Estate Exhibition BalPEx. Traditionally, before the exhibition a press conference is held which is something of an hors d’oeuvre to the event itself as some of the most topical real estate market issues are discussed there. The press conference held on September 1st 2008 at the Hilton Hotel Sofia was attended by representatives of the leading property agencies in the country including BULGARIAN PROPERTIES – a silver sponsor of the exhibition. BULGARIAN PROPERTIES CEO Mihail Chobanov was among the participants in the press conference whose main topic was The 2008 Real Estate Market in Bulgaria – Great Demand, Great Supply, Great Misunderstanding. To the media Mihail Chobanov outlined the following trends:Real estate has always been considered one of the most profitable types of assets and

The Best Kept Secret: SPA Tourism in Bulgaria (Part II)

Velimira Dimitrova, BULGARIAN PROPERTIES — Thu, 24 Jul 2008 00:00:00 GMT

Bulgaria has all types of mineral waters known on our planet. The over 600 hydro-mineral sources have a capacity of 270 million liters per day as most of them are hot or cold, springing from a great depth which guarantees their pureness. Bulgaria is a yet undiscovered SPA gem. Whether traveling around northern or southern Bulgaria, along the Black Sea coast or in the inner part of the country you will be sure to find an amazingly big number of spa nooks. We will go around Bulgaria in search of some of those SPA spots as this time we will take you somewhat off the beaten track to places that are yet to be conquered by the globe-trotters. Let’s start with a small town located in the heart of Bulgaria called Banya, also known as Karlovski Mineral Baths. It is set in the foot of Sredna Gora Mountain and is famed for its healing mineral springs. There are more than 10 mineral springs in the

Bulgaria’s Residential Property Market - 2008

Polina Stoykova, BULGARIAN PROPERTIES — Thu, 10 Jul 2008 00:00:00 GMT

OVERVIEWThe residential market has been one of the most dynamic real estate segments in Bulgaria. Intensive construction of new residential properties has lead to a continuous increase of the residential inventory, especially in the big cities like Varna, Burgas, Russe, Plovdiv, Stara Zagora, Veliko Tarnovo and, of course, the capital Sofia. Despite the huge increase of construction projects, the residential stock in the cities still consists mostly of one- and two-bedroom apartments in old buildings. On the other hand, demand for new quality housing is increasing together with the growing population of the cities, the increasing purchasing power of the locals, the rising foreign property investments and the expanding credit opportunities. Till the end of 2007, the prices of high-quality and low-quality residential properties, such as panel blocks, seemed to increase with a similar pace

The Best Kept Secret: SPA Tourism in Bulgaria (Part I)

Velimira Dimitrova, BULGARIAN PROPERTIES — Mon, 30 Jun 2008 00:00:00 GMT

There is not doubt that SPA tourism always attracts those looking for a combination of pampering, relaxation and additional energy. But there is one place in Europe that boasts a wealth of mineral springs and which is yet to be discovered. Yes, it’s Bulgaria. We are going to take you on a short tour around some the best places around Bulgaria where you can dip yourself in a pool with hot mineral water or indulge yourself in a volcanic rock massage. Let us start with the town of Velingrad– a Rhodopi Mountain gem and one of the biggest balneological centers in Bulgaria. Velingrad boasts 80 mineral springs as their waters treat almost all diseases and is the home of the natural phenomenon Kleptuza – the biggest karst spring in Bulgaria. Everything about the town predisposes one to full relaxation and pampering. The climate is just perfect, the nature is gorgeous and the people are

Entertainment in Bulgaria – SUMMER 2008: A brief overview of the cultural events

Polina Stoykova, BULGARIAN PROPERTIES — Mon, 23 Jun 2008 00:00:00 GMT

SUMMER - the most awaited season of the year has arrived, and it promises to be one of the best Bulgarian summers yet, full of culture and rich in events and activities. You’ll need to make a list of all the events, create your own escape-from-work plan and dip into the festive atmosphere. This year there is so much to see and experience throughout Summer 2008 around the country that you will probably have to extend your vacation. This is only an extract of the summer events. The list is much longer and our local offices will be able to tell you more.To start with the capital of Sofia :Sofia is a busy city but beyond this surface there is a thick layer of cultural events and social life, which become even more vibrant during the summer. An emblematic photo exhibition called ‘360 Degrees Bulgaria’ is displayed till 26th June on the bridge near the National Cultural palace. These

Embrace the Opportunity with BulgarianProperties' Summer Promotion

Head Office, BULGARIAN PROPERTIES — Tue, 27 May 2008 00:00:00 GMT

This summer BulgarianProperties have decided to pamper those who have decided to buy with us for the first time with a special summer promotion which allows them to SAVE 600 EUROS on COMPANY FORMATION FEE between 1st June and 30th September 2008.Because summer is time for relaxation and holidays. Because it is also a very suitable time for trips and new initiatives. Because the weather is nice and there are interesting things to see and do. Because property viewings are very effective as the days are long and it is very beautiful around the country.WHO IS ELIGIBLE FOR THIS PROMOTION?It is valid for all our clients who start a property purchase process with us between 1st June and 30th September 2008 and company formation is needed.OUR AIMOur summer promotion is designed to help you achieve a balance between the desire to have a summer holiday and buy a property in Bulgaria. It is also

The Armchair Real Estate Investor

Velimira Dimitrova, BulgarianProperties — Thu, 24 Apr 2008 00:00:00 GMT

How can the internet work for you if you have decided to buy a property?A new species of property buyers has been evolving in the last few years. As we live in the era of the computer, or the Internet to be more specific, it has never been easier to buy property abroad without experiencing any jetlag, walking muddy roads or giving that extra few euros (pounds, dollars) for additional costs you inevitably make when going abroad. Once upon a time you actually had to go and meet the estate agent and follow them around a variety of properties. This is still the best way to buy a property but we also need to let you know about the alternatives.This new species is called The Armchair Buyer. Not much is required to join the neat rows of those computer-savvy buyers who with the click of the mouse are already the owners of a nice house/villa/apartment abroad. True, extensive research is made

Bulgarian Holiday Property Market as Presented on the Balkan Real Estate Conference (BalREC)

Polina Stoykova, BulgarianProperties — Thu, 17 Apr 2008 00:00:00 GMT

BulgarianProperties, as a leading company on the holiday and residential property market in Bulgaria, and its CEO Mr. Mihail Chobanov participated in the Balkan Real Estate Conference – Bulgaria, Romania, Serbia (BalREC) held at the Kempinski Hotel Zografski in Sofia 15-16 April. The main points of interest at this conference were the macroeconomic frame, the residential, office and holiday property markets in Bulgaria – what the problems are, what lessons should be learnt and what the future will bring. Mr. Chobanov was a moderator and key speaker on the panel about holiday properties in Bulgaria. We have summarized the current trends on the holiday property market as presented on the conference.After 3 very successful and dynamic years for the holiday property market, the overview of its current situation is:• calming of the market and lower interest in it since the end of

New Trade Register and Registrations of Companies in Bulgaria: all existing companies must be re-registered

BulgarianProperties Head Office — Mon, 24 Mar 2008 00:00:00 GMT

There is a new Law for the Trade Register that came into force on 1.01.2008. This Law refers to the registration of new business companies in Bulgaria as well as registrations of all existing companies in the new online trade register. According to this new Law, all existing companies must be registered in the new register by 31.12.2010. If this is not done, they will be removed from the register of companies in Bulgaria resulting in loss of their assets (properties for example).The new trade register is hosted by the Registration Agency and is planned as a unified data base of all companies in Bulgaria and their details, which will be publicly accessible and centralized. This is a needed and helpful change in the administration and the results will soon be seen.So, BulgarianProperties’ advice is that all existing companies be registered in the new online register as soon as possible.

BulgarianProperties' Birthday and The Ten Reasons for Turning Five

Velimira Dimitrova, BulgarianProperties — Thu, 06 Mar 2008 00:00:00 GMT

On the eve of BulgarianProperites' 5th anniversary we decided to browse through the e-mails you, our clients, have been sending to us through the years. Then we made a list of the things that make a potential buyer shudder with fear and dread at the thought of going to a foreign country in search of their dream property, as well as those things that BulgarianProperties do best to alleviate the stress. Here they are:1. Feeling welcome in a foreign country. This is the thing everyone considers when taking the crucial decision to move abroad – either permanently or for a few weeks a year. The feedback we have received from you over these last 5 years indicates that first BulgarianProperties and later your new neighbours have turned out to be extremely helpful and nice people who have done a lot of things to make you feel at home. Some of you have even said that the attitude of the locals

Rural Properties in Bulgaria – attractive second homes and also a good investment

Polina Stoykova, BulgarianProperties — Mon, 11 Feb 2008 00:00:00 GMT

A lot has been said about the property market in Bulgaria and about the pros and cons of buying a property in this country. Indisputably, Bulgaria offers:• A great variety of geographically different areas to suit all tastes. • The property prices are still below the average minimum in other EU countries. • Investment in properties in Bulgaria is the most profitable in the world according to statistics for 2007 when the prices increased with around 28%.These are all facts supported by specialized statistics and analysis.The property markets in the capital, the ski and beach resorts have been widely discussed as these are the places with the greatest concentration of investment interest and highest returns on investment. What about the rest of the country? It is interesting to know what the small settlements offer in terms of a chance for a new life and property investment? This

Great Tax Conditions for Property Investors – 7 reasons to buy a property in Bulgaria in 2008

Polina Stoykova, BulgarianProperties — Tue, 29 Jan 2008 00:00:00 GMT

Bulgaria offers one of the best taxation laws in Europe to stimulate economic activities, foreign business and property investment. The country is now part of the EU and all EU citizens benefit from special taxation treatment. They are taxed as local persons and can take advantage of the attractive taxation in Bulgaria. Here we explain how.We emphasize on the most important issues in this article. For additional customized advice and comments, please send us your enquiry.There are two groups of tax liable persons – physical persons and companies. Physical persons’ taxation is explained in Section I and corporate taxation – in Section II of this article. Section II. Physical persons’ incomes taxation in Bulgaria – this is applicable to physical persons who own apartments in Bulgaria. Property owners, who have houses or plots of land in Bulgaria, please read section II.

Analysis of the ski & beach resort markets - a summary

Adrian Musgrave, BulgarianProperties — Mon, 14 Jan 2008 00:00:00 GMT

From the positive feedback that we have received from our recent series of articles analysing the property market in Bulgaria’s Ski and Beach resorts, we have identified a recurring theme that, while our analyses were considered helpful, wide-ranging and informative, they did not necessarily answer the practical questions of what and where to purchase. To address this, we are now pleased to bring you this summary article, which introduces a range of additional economic indicators and provides a number of specific purchase recommendations …To extract practical purchasing strategies from the general analytical perspective taken in the previous articles, we need to add some further detail in the form of hard, economic data. And the first key point to note, here, is that 2007 was the year in which all previous real estate records were broken. Final figures for the year are not yet

Analysis of the beach resort market, Part 2

Adrian Musgrave, BulgarianProperties — Fri, 28 Dec 2007 00:00:00 GMT

As we head into 2008 and our post-Christmas thoughts turn towards summer, we are pleased to bring you the concluding article in our four-part series taking an in-depth look at the property market in Bulgaria’s Ski and Beach resorts for 2007, 2008 and beyond. In the previous article, we considered the key factors that have impacted on the property market in the beach resorts through 2007. This analysis showed that, while the mix of buyers has shifted from being predominantly British to a much wider spectrum of nationalities, including most of the EU, Eastern Europe and Scandinavia, the demand for off-plan properties in the beach resorts has never been higher. Moreover, there have been major changes in the requirements and expectations that buyers are now bringing to the market, with a much sharper focus on luxury, lifestyle choice, exclusivity and added value. In considering the effect

Analysis of the Beach Resort Market, Part 1

Adrian Musgrave, BulgarianProperties — Mon, 10 Dec 2007 00:00:00 GMT

Shifting our focus from the mountains to the coast, we are pleased to bring you the third article in our four-part series taking an in-depth look at the property market in Bulgaria’s Ski and Beach resorts for 2007, 2008 and beyond.In our two previous articles, we considered the factors that have impacted on the property market in the ski resorts through 2007, followed by an analysis of current developments and key market indicators for the future. Now, we turn our attention to the beach resorts …As in the ski resorts, where sales were more or less static through 2007, beach resort properties experienced a similar sales plateau through the latter half of 2006 to the spring of 2007. Since then, though, there has been a marked increase in interest and a greater number of off-plan property sales than in any previous year. We can identify three contributory factors behind this.• Changes

Analysis of the ski resort market, Part 2

Adrian Musgrave, BulgarianProperties — Tue, 20 Nov 2007 00:00:00 GMT

With the start of the this year’s ski season just a couple of weeks away, we are pleased to bring you the second article in our four-part series taking an in-depth look at the property market in Bulgaria’s Ski and Beach resorts for 2007, 2008 and beyond. In the previous article (available here), we considered the factors that have impacted on the property market in the ski resorts during an extended period of stabilisation through 2007. This analysis showed that there have been profound changes in the market and probably the most positive outcome that we can identify for 2008 is that prices are now becoming balanced. The situation today is that there are many attractive off-plan offers available in all the resorts, with price levels pretty much where they should be - ie, at around 15% higher than last year, rather than at the unrealistic levels that some investors, developers and

Analysis of the ski resort market, Part 1

Adrian Musgrave, BulgarianProperties — Mon, 05 Nov 2007 00:00:00 GMT

As we come towards the close of Bulgaria’s first year of EU membership, we are pleased to bring you the first of a four-part series which takes an in-depth look at the property market in Bulgaria’s Ski and Beach resorts for 2007, 2008 and beyond. Following three extremely busy and dynamic years of property sales in the major Bulgarian ski resorts, 2007 has been a year of relative calm and stabilisation. The days of the quick buy-and-sell speculators flipping properties at a high profit are behind us and buyers can now look forward to more measured and sustainable investment returns over the medium to long term. With the new season almost upon us, perhaps today's most widely reported topic about the ski resorts is that the supply of holiday and investment properties currently exceeds demand and, while this claim may be generally true, it does warrant some deeper analysis. In Bansko,

Travel to Bulgaria gets cheaper and cheaper

Andrew Willis, BulgarianProperties — Mon, 22 Oct 2007 00:00:00 GMT

Although Bulgaria is part of mainland Europe, the cost of flights to and from the country was, until recently, an important factor to consider when planning a visit. This has now changed. With Bulgaria now firmly established as one the European Union’s newest members, more budget airlines are now offering scheduled flights here. Probably the best known budget airline is the Hungarian company, Wizz Air. They have daily flights all over Europe, and direct flights to Sofia from the UK. Other new arrivals here include the Slovakian airline, Sky Europe, again with direct flights over mainland Europe, and the Italian company, My Air. With prices well below their other competitors, flying here really has become cheaper and easier.Bulgaria offers three main airports, Sofia, Varna and Bourgas. There is also a smaller airport near Plovdiv that is open during the winter months for charter

Two ways to beat the price rises - here’s how …

Adrian Musgrave, BulgarianProperties — Mon, 08 Oct 2007 00:00:00 GMT

With a 20 - 24% annual growth rate now pretty firmly established in Bulgaria’s maturing property market, it is inevitable that each new off-plan development will carry at least two or three price rises during its construction. As soon as an apartment is reserved, though, the price is locked and the benefit of all subsequent increase in value passes from the developer to the buyer. So, the trick is to buy at the launch or, even better, the pre-launch phase. Then you can just sit back and relax knowing that, as you watch the building grow, you are watching the value of your investment grow with it. And, of course, early purchase also brings a host of other benefits. You will have a wider choice of available properties, a more attractive range of payment options, a longer payment period before completion and further infrastructure developments in the local area during construction.

INVESTMENT LAND IN BULGARIA

BulgarianProperties Team, Head Office — Mon, 24 Sep 2007 00:00:00 GMT

In reply to the increasing interest towards INVESTMENT LAND in Bulgaria BulgarianProperties team has summarized the most frequently asked questions on this topic and conducted an interview with the CEO of BulgarianProperties Mr Mihail Chobanov. You can read the answers to these common questions and some suggestions for profitable investment in the interview below. Mr. Chobanov, can you draw us a general picture of what the latest trends on the Bulgarian property market are? We have noticed an increased interest by foreigners towards investment land - can you explain the reasons for this?In general, the Bulgarian property market is steady and prices continue moving upwards. More and more people are interested in the cheap mountainous areas, such as the southern part of Montana region for example, as well as the well-known Veliko Tarnovo, Plovdiv, Dolna Banya, Kardjali and Sofia areas. The

Investment potential in a maturing market

Adrian Musgrave, BulgarianProperties — Mon, 03 Sep 2007 00:00:00 GMT

An estimated 40,000 Britons now own property in Bulgaria … and with some 350,000 people planning to leave Britain over the next year, the demand for properties is continuing to rise. Low prices continue to be the main attraction and, as the market stabilises, there are still few other places in the world that offer the same sort of investment potential as Bulgaria An important indicator of the maturing property market is that there is now a noticeable shift in buying patterns. Many of today’s buyers are people taking early retirement or, increasingly, families moving to Bulgaria to secure their place on the property ladder, together with those seeking second homes as their holiday base and as a longer term investment for the future. But these buyers are now being joined by a growing wave of newly affluent Bulgarians from Sofia and other cities around the country looking for weekend

NEWS BULLETIN

Fri, 10 Aug 2007 00:00:00 GMT

3 MORE EUROPEAN ROUTES FOR EASYJETLow-cost airline Easyjet is launching three more new routes this autumn from the UK to Bulgaria, Portugal and Austria.Flights from London Gatwick to Sofia, the Bulgarian capital, will start from November 6th 2007. The route will run three times per week for Ј50.98 return including taxes. There will also be two new Easyjet services starting from Liverpool airport in November and December. Cheap flights to the Portuguese capital Lisbon will start from November 2nd, with prices from Ј38.98 return including taxes. From January 8th 2008 there will be flights three times a week to Innsbruck, known as a gateway to Austria's Alpine ski resorts. One of Europe's oldest cities, Sofia has plenty of historical attractions from golden-domed cathedrals to museums in stately homes. For active holidays in Bulgaria, the city is also close to the Rila Mountains, which

SUMMER IN BULGARIA – THINGS TO DO DURING YOUR HOLIDAY HERE (PART 4)

Polina Stoykova, BulgarianProperties — Mon, 23 Jul 2007 00:00:00 GMT

Check our SUMMER PROMOTIONThis is the last part of our story about summer entertainment in various locations around Bulgaria. We hope that the information has been useful to plan a trip to our country and experience a lot of interesting things here. If you need any kind of help, please send us an enquiry.Part 4SUMMER CITY BREAK IN SOFIAIf you are in Sofia and have no time to travel in the countryside, to the ski resorts or the Black Sea, you can simply enjoy a city break in the capital. You will be surprised to find how many interesting things you can do here.There are more and more shopping malls and giant superstores, so you will definately find some great bargains. Modern cafes and restaurants in the very centre of the city appear on almost every corner. They are somehow hidden from the traffic and suitable for afternoon relaxation in accordance with the latest trends, or traditional

SUMMER IN BULGARIA – THINGS TO DO DURING YOUR HOLIDAY HERE (PART 3)

Polina Stoykova, BulgarianProperties — Fri, 20 Jul 2007 00:00:00 GMT

Check our SUMMER PROMOTIONBulgaria is famous for its variety of landscapes. Which part of Bulgaria is best? It is really hard to say. Each area has its own charm and something different from the others and it is best to explore Bulgaria to find out your favourite places.SUMMER IN THE COUNTRYSIDEPLOVDIVThe city itself is a big and busy trade centre but it has an atmosphere of calmness and relaxation, especially in the central pedestrian zone and the surrounding small streets with many intriguing shops, as well as an emblematic souvenir and paintings market in the old part of the town. For a summer change we offer you to visit Plovdiv and dip yourself into the modern-ancient atmosphere, visit the Old Town - scattered on one of the seven hills of the town, it takes you back to the time of the Renainsance period of Bulgaria with its romantic cobbled streets, interesting old houses with

SUMMER IN BULGARIA – THINGS TO DO DURING YOUR HOLIDAY HERE (PART 2)

Polina Stoykova, BulgarianProperties — Fri, 13 Jul 2007 00:00:00 GMT

Chek our SUMMER PROMOTIONThe ski resorts in Bulgaria have adjusted their strategies over the past few years and started to attract tourists in summer season too. Most of the hotels are open throughout the year offering various facilities like tennis courts, swimming pools, spa or even golf. This way ski resorts are turning into an all-year-round attraction and properties in these areas are becoming better and better investment. Part 2SUMMER IN THE SKI RESORTSIt is really very reviving to be in the mountains and enjoy the coolness and the fresh summer air. Find out below what summer attractions the ski resorts in Bulgaria offer: BANSKOBansko, a traditional town, which has grown tremendously over the past few years, has turned into a huge international resort with all modern facilities and expensive hotels. It has preserved its traditional architecture in combination with the latest

SUMMER IN BULGARIA – THINGS TO DO DURING YOUR HOLIDAY HERE (PART 1)

Polina Stoykova, BulgarianProperties — Mon, 09 Jul 2007 00:00:00 GMT

Check our SUMMER PROMOTIONIt is now time for relaxation and entertainment – a time of the year, which everyone expects eagerly throughout the rest of the year. Summer holidays, nice weather, trips and new experiences are an integral part of the season. Bulgaria has been more and more attractive for the tourist attractions and recreation activities it offers. These are some of the main factors which drive the property interest towards our country. Have a closer look into the various entertainment opportunities in the different parts of Bulgaria - you may be surprised by the variety of locations and attractions. We will be glad to tell you more about them and you are more than welcome to visit!We will tell you more about the attractions in each area over the following few newsletters to help you plan your trip best.Part 1SUMMER AT THE BLACK SEA COASTWithout any doubt the main summer

Adrian Musgrave: Foreign Investors Seek Luxury And High Value Estates In Bulgaria

Stroitelstvo Gradat Weekly, 11th June 2007 — Mon, 25 Jun 2007 00:00:00 GMT

“Bulgarian Properties” Ltd is a real estates company dealing with intermediation and providing full range of services and representation of clients purchasing real estates in the country. The company has offices and representations throughout the entire country and abroad – in Great Britain, the Republic of Ireland, USA, Russia, Belgium. “Bulgarian Properties” Ltd is specialized in the sale of estates for investment purposes, as well as of holiday estates. Stroitelstvo Gradat Weekly has spoken with Adrian Musgrave, Senior Sales Manager and Corporate Clients Manager at Bularian Properties ltd.Which are the most important factors that foreign investors observe when buying estates in Bulgaria? Undoubtedly, Bulgaria is one of the places with cheapest residences in Europe. That is why the demand of all kinds of estates continues to rise. In the sea-coast and ski resorts, there is

BULGARIANPROPERTIES – MAIN SPONSOR ON THE CEPIF FAIR IN WARSAW

Tanya Petrova, BulgarianProperties — Mon, 11 Jun 2007 00:00:00 GMT

BulgarianProperties has successfully participated in the the Central and Eastern Europe Property Investment Fair, CEPIF, which took place between the 2nd – 4th June 2007 in International Expo Center in Warsaw. The event met developers, co-operatives, real estate agencies, single-family house construction companies, banks and other financial institutions, interior design companies.As the main sponsor of CEPIF the BulgarianProperties`s stand helped for the presentation of the company as one of the biggest, best structured and most professional exhibitors, with the most impressive property portfolio. Our top-offers for off-plan and already completed developments and properties have been presented on the stand of the company. We are happy to say there has been a great interest towards the products and services of BulgarianProperties which resulted in many reservations and property sales on

City apartments … investment alternatives in a changing market

Adrian Musgrave & Gergana Toleva, BulgarianProperties — Mon, 04 Jun 2007 00:00:00 GMT

Think city apartments and the focus, almost inevitably, turns to Sofia. With a population of over 1.5 million people now enjoying EU citizenship, greater employment opportunities, rising income levels and wider access to financial facilities, together with all the new businesses, international companies and corporate HQs moving into the capital, the demand for city properties is growing at an unprecedented rate. And when you add the thousands of foreign buyers seeking their first rung on the property ladder or longer term investment returns into the equation, it’s easy to see why Sofia’s residential market is currently outperforming that of most other European cities.While this rapid growth in demand continues to exceed expectations, it is in Sofia that you will also find the highest levels of price growth. Over the last two years, the average price of apartments in the centre has

INTERNATIONAL COOPERATION – THE MODERN BUSINESS DEVELOPMENT MODEL: How To Create A Lucrative Partnership With BulgarianProperties?

Polina Stoykova, BulgarianProperties — Mon, 28 May 2007 00:00:00 GMT

There has been a growing interest in cooperation with BulgarianProperties. Thus, we give answers, ideas and information about the various options for international partnerships with our company. We are also open to new ideas and discussions – please send us an e-mail.It is not a secret that the property business in Bulgaria has been growing and attracting a lot of people and companies, all wishing to become involved in property sales. It has become a very common practice for property agencies to cooperate with leading companies such as BulgarianProperties, instead of creating a brand new business model. It is also extremely modern nowadays for people to have flexible working arrangements having the opportunity to turn their hobbies into jobs. We hope this article be useful to all.WHO CAN ESTABLISH AN INTERNATIONAL COOPERATION AND WHY?There are various types of persons who involve in

BulgarianProperties on the Balkan Property Exhibition

Tanya Petrova and Adrian Musgrave, BulgarianProperties — Tue, 22 May 2007 00:00:00 GMT

BulgarianProperties has successfully participated in the biggest exhibition for real estates in Bulgaria - Balkan Property Exhibition, which took place at the Inter Expo Centre in Sofia from 18th to 20th May. Within the framework of the event leading European real estate professionals, developers and banks, specialized in mortgage services, shared best practices and exchanged ideas.BulgarianProperties`s stand helped for the presentation of the company as one of the biggest, best structured and most professional exhibitors, with the most impressive property portfolio. Our top-offers for off-plan and already completed developments and properties have been presented on the stand of the company. Our numerous partners and potential clients had the opportunity to meet our managing directors, the leading managers and property agents.We are happy to say there has been a great interest towards

The Great Euro Expectations

Index Imoti Magazine, April Issue — Mon, 14 May 2007 00:00:00 GMT

Bulgarian real estate market will keep on developing in an international environment favouring investment and new projects. So far, the higher costs of financing will not influence it seriously as the institutional and private investors around the world remain optimistic despite their expectations that commercial real estate across Europe will level off this year after the spectacular boom for ten years now. The European economy is also on the rise influencing positively investments and rental levels on most markets.At national level representatives of international advisers, developers and investors see god prospects before the country despite ongoing strong growth. The market climbs onto a new level with an increasing number and importance of major projects with investment volumes of about a few hundreds millions of euro each. All market segments will develop with the strongest

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