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Why Buying A Property In Bulgaria Is The Latest Trend
By Shaun Goldman
Buying property in Bulgaria is the latest trend that seems to have caught the world with a sudden swiftness. One of the reasons is because the property prices in Bulgaria have risen by more than a whopping 25%. The reason for the phenomenal growth of the real estate market is the improved monetary conditions of the country, and the political and social stability. The other significant factor for the growing property market is the enormous tourism potential that Bulgaria has, because Bulgaria is gifted with many natural attractions that have been sufficiently preserved due to a limited amount of urbanization. Bulgaria is located in Southeast Europe and occupies the eastern part of the Balkan Peninsula. The climate is temperate continental with four defined seasons, and has a Mediterranean influence in the southern regions, although average summer temperatures rarely exceed 30°C. The capital city of Bulgaria is Sofia, and the larger cities in the county are Plovdiv, Varna, and Veliko Turnovo. Currently, Bulgaria is regarded as a budding tourism market in Europe and is one of the most visited tourist destinations in Europe. In 2007 an estimated 8 million tourists visited the country, therefore making Bulgaria a great place for people looking to invest in property that can be used as a rental income. For a person thinking of buying property in Bulgaria, it is vital to seek the services of a local real estate agent. Many estate agents in Bulgaria charge a viewing fee. Some may charge on a per day basis while some may charge per mile of distance that is covered while hunting for the ‘right deal’. The reason why the viewing fee is charged is because many times, the ‘time wasters’ just look at properties when they have no intention of buying anything. However, such ‘time wasters’ may not be in large numbers as most foreign visitors have a definite purpose in combing areas in search of the right property. Nevertheless, paying the fees is mandatory for visitors. Bulgaria is one of the best destinations for foreigners who wish to invest in property: Bulgaria was invited to become a member of NATO in 2004; the country received a full EC membership in 2007; Bulgaria is politically stable and the laws are being constantly upgraded in order to keep up with the times. As a result, investing in Bulgarian property seems to be a ‘safe deal’. However, one must be wary
of tall claims made by the real estate agents. Some make promises of ‘double profit’ to which an investor may fall prey. Some dishonest agents may even ‘hurry’ a person into making the final deal by telling them that properties are in short supply, and may be ‘sold out’ very soon. Some may promise unrealistic gains. When property dealing seems too good to be true, it is wise to exercise caution rather than risk loosing a large sum of money on a property that will not live up to what the estate agent is saying.
Foreign investors have the option of purchasing property in Bulgaria either directly, or through a local company. There are laws and rules for foreigners buying property in Bulgaria, for example, as of now, only Bulgarian-resident individuals and entities are allowed to own land in the country. The non-residents can acquire only buildings in Bulgaria. For that reason, if foreigners want to invest in property, they have to register with a Bulgaria based company that is allowed to ‘hold the building’. As soon as the company is registered, property may be purchased in the company’s name.
When it comes to buying property, Bulgaria has a lot to offer investors, and a wise investor would do some homework before a property was bought. Article Directory: http://www.articlecube.com Shaun Goldman wrote the Article 'Why Buying a Property in Bulgaria is the Latest Trend' and recommends you visit www.homesoverseas.co.uk/articles/buying-property-in-bulgaria-for-under-£80,000/14764 for more information on buy properties in Bulgaria. 
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Hillsborough tract to get $40M remake
A Charlotte development company is finalizing plans for the $40 million first phase of a mixed-use development at the intersection of Hillsborough and West Morgan streets in downtown Raleigh.<div class="feedflare">
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ZipRealty loss shrinks as revenue grows 15%
Online real estate brokerage ZipRealty Inc.?s revenue rose close to 15 percent during 2009, but the company?s efforts did not prove profitable.<div class="feedflare">
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Avant condo sales climbing
Three down and more to follow.<div class="feedflare">
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Stimulus supports thousands of Kansas construction jobs, report finds
The 50 ongoing or completed stimulus-financed highway construction projects in Kansas have supported 5,681 jobs that wouldn?t exist otherwise, a new report shows.<div class="feedflare">
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GNAR: Nashville home sales up slightly in February
The number of area home sales increased in February, according to data released today by the Greater Nashville Association of Realtors, the fifth consecutive month of year-over-year increases.<div class="feedflare">
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Public meeting on affordable housing scheduled
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Colorado Realtors launch certification program
The Colorado Association of Realtors launched its Quality Service Certification program for its members on Tuesday.<div class="feedflare">
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Baltimore gets $300K for first-time homebuyers
Baltimore has been awarded $300,000 to assist 60 low-income families become first-time homebuyers.<div class="feedflare">
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Denver home market shows further improvement
Sales and selling prices of existing homes in metro Denver improved again in February, showing that the housing market continues to slowly recover, according to local real estate brokers.<div class="feedflare">
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Palm Beach County home resale inventory up
The number of single-family homes for sale in Palm Beach County is higher than in Miami-Dade or Broward counties, according to a new report from Condo Vultures LLC.<div class="feedflare">
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Zillow: Pa. mortgage rates decline slightly
Average mortgage rates in Pennsylvania dropped slightly over the past week, according to mortgage rate Web site Zillow.com.<div class="feedflare">
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D.C. neighborhood fund open for development bids
Builders in a dozen D.C. neighborhoods are eligible to apply for up to $145,000 in pre-development grant money through the D.C. Neighborhood Investment Fund.<div class="feedflare">
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Panther Properties pays $26.5M for Hunters Creek complex
A Massachusetts real estate investment firm bought a 306-unit apartment complex in Hunters Creek for $26.5 million.<div class="feedflare">
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Northside critics to testify in state suit against McKee project
Two St. Louis residents plan to testify Wednesday in Cole County Circuit Court in Jefferson City in their $95 million lawsuit against the state of Missouri over tax credits awarded to developer Paul McKee Jr.?s $8.1 billion Northside redevelopment.<div class="feedflare">
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Terry Danner named Riverstone Residential Group president
Dallas-based multifamily property management company Riverstone Residential Group has named 21-year industry veteran Terry Danner as president.<div class="feedflare">
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Lender fined, will refund $2.8M in N.C.
Manufactured home lender, Vanderbilt Mortgage and Finance Inc. has agreed to refund $2.8 million to North Carolina homeowners and pay a civil money penalty of $750,000 in settlement with the North Carolina Office of the Commissioner of Banks, NCCOB.<div class="feedflare">
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Index: Construction costs dip in 1Q
Construction costs for non-residential projects continue to decline in the United States, though not as sharply as they did last year, according to a widely-used gauge in the industry.<div class="feedflare">
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KB Home offers pre-wired homes for electric car owners
KB Home said Tuesday it will begin offering an option to pre-wire its new Built to Order homes to accommodate charging stations for homeowners? electric vehicles. (KBH)<div class="feedflare">
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Denver extends timetable on zoning code
The Denver City Council's Blueprint Denver Committee is scheduled to start reviewing the proposed, new Denver zoning code at its regular Wednesday meeting, according to the latest code schedule.<div class="feedflare">
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Vaughan Co. moving forward with new board of directors
Vaughan Co. Realtors is establishing a new seven-member board of directors that will include three investors recruited by former CEO Doug Vaughan.<div class="feedflare">
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Ascent Builders lands lender for Broomfield condos
Ascent Builders Inc. of Broomfield has found a lending partner for condos it plans to build in the McKay Landing subdivision, and plans to break ground later this week.<div class="feedflare">
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Fifth Third plans mortgage push in Tennessee
Fifth Third Bank is planning an expansion of lending services as it brings in a new executive to lead its mortgage division in Tennessee.<div class="feedflare">
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Standard Pacific buys Wake Forest home sites
The Carolinas division of Standard Pacific Corp. has acquired 110 home sites in the Northampton community in Wake Forest, a community formerly owned and developed by St. Lawrence Homes of Raleigh.<div class="feedflare">
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BusinessWeek: Fruit Cove a great suburb
Fruit Cove in Northern St. Johns County has been named one of the best affordable suburbs in America in 2010 by Bloomberg BusinessWeek. The magazine chose one suburb from each state. Selections were limited to towns within 25 miles of the most populated city in the state, median family incomes of $51,000 to $120,000 and lower-than-average crime rates.<div class="feedflare">
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Boca Raton?s Eden condo project sold
A West Palm Beach firm that specializes in turning around troubled multifamily projects closed on a deal in early March to buy the Eden condominium complex in Boca Raton.<div class="feedflare">
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Bargain prices lure homebuyers in February
Almost nine of 10 new homes sold for less than $400,000 in February, and one of every two were in south Placer County.<div class="feedflare">
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BusinessWeek cites Huntersville for affordability
<em>BusinessWeek </em>magazine has ranked Huntersville the fourth-most affordable suburb in the United States.<div class="feedflare">
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Forbes: Austin best economic recovery in U.S.
The Austin-Round Rock area tied for first on a list of large metros where the recession is easing.<div class="feedflare">
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La Crosse firm buys troubled Phoenix project
Main Street Ingredients, a La Crosse company that manufactures and distributes food-processing ingredients, has been selected to buy the opulent Chateaux on Central brownstone project in Phoenix for $7 million.<div class="feedflare">
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Southeast Venture targets apartment market
Nashville-based Southeast Venture, a diversified real estate and design-services company, is expanding its brokerage services to include multifamily investment sales services.<div class="feedflare">
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Grubb Properties offshoot to concentrate on infill residential brokerage
Grubb Properties is starting a boutique residential brokerage division that will specialize in infill developments and in-town housing.<div class="feedflare">
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100-acre NW Side housing/retail project is put on the sales block
A New York-based real estate investment firm has been tapped to find a new owner for a master-planned project in one of the city?s fastest growing submarkets.<div class="feedflare">
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Tiny supply builds hope for housing industry
Far from becoming Foreclosure City littered with vacant homes ? which was what some predicted for Sacramento as the housing crisis struck ? the capital region has among the lowest supply of available housing in the nation.<div class="feedflare">
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Business is picking up for surviving custom homebuilders
Like all branches of construction, custom homebuilding has had a rough couple of years. Some firms have fallen by the wayside, and some survivors have put more emphasis on remodeling and commercial work to stay in business.<div class="feedflare">
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Newsmaker | Viki Benbow
Viki Benbow began working in her father?s real estate office when she was 15, tearing out home-for-sale ads in local newspapers and putting them in a binder. A few years later she was playing professional tennis when her father asked her to come help him in his new real estate business. She did, and last November celebrated her 40th year in real estate.<div class="feedflare">
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Wisconsin company to buy Chateaux for $7M
A Wisconsin company that manufactures and distributes food-processing ingredients has been selected to purchase the opulent Chateaux on Central brownstone project. The winning bid: $7 million.<div class="feedflare">
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Short sale rules could clear out pipeline clog
There could be some substantive good news coming for Tampa Bay?s beleaguered real estate industry. New federal guidelines slated to take effect April 5 could clear out a portion of short sales that have been onerous to close and clogging the market.<div class="feedflare">
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New manager shakes local Coldwell Banker office out of its past
Three years ago, Coldwell Banker?s Chevy Chase real estate office had about six months to live.<div class="feedflare">
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Redfin enters Portland
A controversial residential real estate company is expanding into Portland.<div class="feedflare">
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Local builder deeds eight spec houses back to banks to avoid foreclosure
Struggling to keep up with debt service on more than a dozen unsold spec homes, Wichita home builder Ron Peake has deeded eight of them back to the banks that financed them.<div class="feedflare">
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The JBG Cos. preparing to start on 14th Street condo project
The 14th Street NW corridor has seen a slew of new retail in the last three years ? some of the city?s hottest restaurants, the ever-popular gelato shop and several furniture stores.<div class="feedflare">
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Pittsburgh real estate agents prep for expected spring rush
As the weather begins to warm, Staci Rullo is hoping the melting of historic amounts of snow will reveal an equally historic number of ready and willing first-time homebuyers.<div class="feedflare">
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Seven rental communities seek bankruptcy protection as multifamily struggles
A stack of foreclosure filings has sent a Naples multifamily owner to bankruptcy court, seeking to hold on to more than a half-dozen apartment communities in the Tampa Bay area. (WFC) (BBT)<div class="feedflare">
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S.F. housing sites go to market as buying interest rises
The number of San Francisco housing development sites on the market continues to climb as, for the first time in more than two years, brokers are seeing interest from investors looking to snap up cheap land.<div class="feedflare">
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Community Housing Partnership moves from management into development
For 20 years Community Housing Partnership has been tapped by major affordable housing builders to operate residential complexes catering to the formerly homeless.<div class="feedflare">
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?09 condo sales fall; recession stings developers, buyers
Fewer condominiums were built, bought or sold in Capital Region cities last year?another sign of how real estate has suffered in the recession.<div class="feedflare">
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New businesses increase demand for all types of housing in Wyandotte County
The Rev. Mic and Pamela McGuire are two of Wyandotte County?s newest residents.<div class="feedflare">
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Mattamy buys hundreds of lots, ramps up construction
Mattamy Homes has agreed to buy 145 home sites in the Westland Farm community in Mount Holly, and the builder also is preparing to enter three new communities in the Charlotte market.<div class="feedflare">
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Condo outlook dim in East Bay
A few remaining condo projects in the East Bay continue to sell units, but that doesn?t signal a turnaround for the prices or development any time soon.<div class="feedflare">
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Developers reveal K Street proposals
A newcomer to Sacramento wants to bring residents to K Street in a big way, proposing to build 345 apartment units ranging from affordable to market-rate as part of a mixed-use project spread over three mid-rise buildings.<div class="feedflare">
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E.M. Harris grows project pipeline to $80 million
After seeing its revenue plummet 63 percent last year, E.M. Harris Construction now has an $80 million contract pipeline and is hiring.<div class="feedflare">
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Cudahy project gets federal stimulus funds
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High-end homes linger on Birmingham market
Home sales may be ticking upward in the wake of the recession, but high-end properties in the Birmingham area are being left out of a local housing rebound.<div class="feedflare">
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Apartment market expected to see slight rebound in 2010
Apartment complexes are expected to face tough times again this year, although there are signs that the worst of the recession is past, according to the 2010 National Apartment Report and 2010 National Apartment Index.<div class="feedflare">
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Power players: Linda Goodwin Nichols
Linda Goodwin Nichols, president and broker/owner, Goodwin Realty & Associates<div class="feedflare">
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Pulte Homes restarts project in Davenport
Pulte Homes resumed work on its La Cresta active-adult community in Davenport, now renamed Del Webb Orlando. The development, which originally opened in 2006 and then suspended operations last July to resolve issues with the land developer, expects to re-open early this summer. Representatives from Pulte Homes were unavailable for further comment by press time. (PHM)<div class="feedflare">
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Cincinnati?s commercial real estate industry is in a crisis
Tom Herskovits rode a wave of rising real estate prices into Cincinnati. When the wave crashed, he became one of dozens of commercial property owners struggling to keep their heads above water.<div class="feedflare">
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