The choice of estate agent is critical. The agent will be your main guide through the process from start to finish. In addition, different estate agents will have different properties on their books, and you will want to know that your agent has a good selection of local properties. A good selection should include competitively priced, good-quality houses, and in a range of locations, for living, investing orturning into a business.
Off-plan or Off Your Trolley?
A British sales agent on the Black Sea coast during the summer seasons of 2002-2006 gives his opinion.
'It all seems so attractive - instead of slogging around the Bulgarian countryside searching for the elusive perfect house, setting up your company, finding lawyers, builders and accountants, why not invest in a brand-new apartment by the sea, in Sunny Beach or Sveti Vlas, reserved over the Internet for only a 10 percent deposit
A brand new office building in neoclassic style has been completed and granted necessary permits to commence business in the centre of the old town of Plovdiv.The new building is in close proximity to the Suedinenie Square, perched on the north side of the pavement and Sixth September boulevard, across from the wedding reception hall in Plovdiv.
The owner of the property on Shipka 38, built by architect Georgi Fingov, quot;must implement all possible measures for its immediate thorough renovation quot;, the order from the Sofia Municipality, RD2012 from January 30 2009 declared, as quoted by Stroitelstvo Gradut.
A new hotel with a fitness centre and a large multifunctional hall will be built this spring in the Sofia borough of Pancharevo, Stroitelstvo Gradut reports.
It is worth thinking about how you will use the property and assessing your purchase against certain criteria for now and the future.
Buying a property in Bulgaria as a Place to Settle or Retire
Your plan to settle in Bulgaria may be for a lifestyle change, or for retirement, or a combination. But a place that is good for holidays might not be the best place to retire or settle. For example, some holiday resorts may be great for two weeks in the summer but empty and unattractive in the off-season. Similarly, new developments can be nice for holidays but if the other residents are holiday-home owners then many homes in the development may be vacant for large parts of the year. If the development is small and well planned into an existing community or town, this may be not a problem. But if it is large and isolated from other homes it may feel a bit unwelcoming at sometimes of year.
The National Agency for Road Infrastructure NARI has proposed that lots two and three of the Trakia motorway should be included within the transport operational programme at the expense of the previously designated lots two and three of the Struma motorway. quot;The alleged amendment to the operational programme was tabled at a meeting conducted by the Ministry of Transport, quot; said Yanko Yankov, the executive director of NARI, as quoted by Stroitelstvo Gradut.
Property prices are currently approaching the levels of 2007, according to analysis from Raiffeisen Real Estate agency, using cumulative data for real estate and pricing for the period 2006 through to 2009, Stroitelstvo Gradut reports. The fall is particularly noticeable in properties that fall into the most popular price range ranging from 50 000 through to 70 000 euro.