Archive for December 28th, 2008
Posted on December 28, 2008 - by admin
Milan Matchev asked:
Bulgaria offers pleasures for each one’s taste. Thinking of an active holiday? Bulgaria has it – swimming, skiing, riding, climbing, hunting, fishing… Thinking of relaxing – amazing nature, sunny beaches, healing spas, monasteries and churches, hospitable towns and villages… Ancient culture, endless beaches and an emerald sea, high mountains with marvellous gorges and caves, clear lakes and rivers full of fish, wide valleys, healing springs, ancient culture, hospitable people, tempting cuisine and wines, diverse flora and fauna…
All accommodation places in Bulgaria have been categorised according to the 5-star international system. Privatisation has had a favourable impact and today the country is proud of hotels and restaurants that meet the modern world standard.
When you are ready for that once in a lifetime experience of an Bulgarian vacation, consider a private home rental for your source of lodging. Hotels can be nice, but staying in a private home rented for the occasion can give you a chance to see the real Bulgaria. Explore the countryside, walk into the village and visit with the residents, and see what it feels like to actually go home, to a cabin or villa at the end of the day, living as the Bulgarians do. Or, try a beach house if that suits you or an apartment if you prefer a more urban setting. Getting to know the local people by living among them for an extended stay of a few weeks will give you a chance to learn some of the language, or if you already speak Bulgarian to brush up on your skills. It will also give you a chance to learn local history in a very unique way, from the people themselves. You will appreciate all of the similarities of Bulgarian culture with your own, and learn to appreciate the differences as well. The Bulgarians are a wonderful, friendly people with a rich culture and history. Taking the time to live among them, getting to know them as friends and neighbors, is truly an experience you will always remember.
Private homes for rent to vacationers in Bulgaria can be found in various price ranges. If you are looking for luxury, there are villas available. If something more rustic suits your taste and budget, then smaller homes and even old farmhouses are available to appeal to all tastes. Just as an example, one property includes two bedrooms, queen size beds, kitchen, laundry area, bathroom, central eat and the satellite television, telephone and VCR that most tourists are used to having. Imagine though the coziness and comfort of coming back to the house after a day of sight seeing to sit by the fire place, drinking a glass of a local wine, having a light dinner of pasta, and enjoying the peace and quiet of your surroundings. Staying in a hotel in a major city will certainly show you the tourist hot spots, but staying in a private home will show you the real Bulgaria.
There are so many wonderful places to visit in Bulgaria like:
- Nessebar – beautiful small town on Bulgaria’s Black Sea coast a few hours south of Varna. Another one of Bulgaria’s many UNESCO world heritage sites.
- Sozopol – together with Nessebar these are the two sea towns with traditional houses and ancient dig sites.
- Bansko – a beautiful old village in the Pirin mountains with refurbished homes, stone wall, and cobblestone streets, but increasingly overtaken by resort hotels. Good place for skiing in winter and hiking in summer. The birthplace of the Bulgarian revival movement. If you want a true mountain village experience, there are a few other villages nearby from which to choose. In the beginning of august an annual Jazz festival is being held in the town. Skiiers and Snowboarders could find BanskoSki useful.
No visa is required for entry for citizens of the US, Canada, UK, Ireland, Australia and New Zealand.
However, foreigners have to register at the police after 72 hours. If you have booked with a travel agency, this will be taken care of. If not – usually, your hotel will handle the necessary paperwork (ask). If you do not stay in a hotel, you will need to go to the police and take the tedious task of registering on your own. Especially for UK and US citizens, Bulgaria is really cracking down on this. Failure to register might mean a 2000 Leva fine (about $1200 US). Also take care that you have an entry stamp in your passport, otherwise your exit could be quite troublesome.
Bulgaria offers tourist attractions all around the year. Most popular are summer seaside resorts, along the entire Black Sea coastline. In winter numerous ski resorts are there to attract tourists. There are many spa, trekking and historical destinations that offer incredibly rich variety of experiences.
There are hundreds, maybe thousands of mineral water springs around the country, so this is something you’d better taste and drink. Ayrian and boza are two traditional Balkan non-alcoholic beverages.
Bulgaria offers pleasures for each one’s taste. Thinking of an active holiday? Bulgaria has it – swimming, skiing, riding, climbing, hunting, fishing… Thinking of relaxing – amazing nature, sunny beaches, healing spas, monasteries and churches, hospitable towns and villages… Ancient culture, endless beaches and an emerald sea, high mountains with marvellous gorges and caves, clear lakes and rivers full of fish, wide valleys, healing springs, ancient culture, hospitable people, tempting cuisine and wines, diverse flora and fauna…
All accommodation places in Bulgaria have been categorised according to the 5-star international system. Privatisation has had a favourable impact and today the country is proud of hotels and restaurants that meet the modern world standard.
When you are ready for that once in a lifetime experience of an Bulgarian vacation, consider a private home rental for your source of lodging. Hotels can be nice, but staying in a private home rented for the occasion can give you a chance to see the real Bulgaria. Explore the countryside, walk into the village and visit with the residents, and see what it feels like to actually go home, to a cabin or villa at the end of the day, living as the Bulgarians do. Or, try a beach house if that suits you or an apartment if you prefer a more urban setting. Getting to know the local people by living among them for an extended stay of a few weeks will give you a chance to learn some of the language, or if you already speak Bulgarian to brush up on your skills. It will also give you a chance to learn local history in a very unique way, from the people themselves. You will appreciate all of the similarities of Bulgarian culture with your own, and learn to appreciate the differences as well. The Bulgarians are a wonderful, friendly people with a rich culture and history. Taking the time to live among them, getting to know them as friends and neighbors, is truly an experience you will always remember.
Private homes for rent to vacationers in Bulgaria can be found in various price ranges. If you are looking for luxury, there are villas available. If something more rustic suits your taste and budget, then smaller homes and even old farmhouses are available to appeal to all tastes. Just as an example, one property includes two bedrooms, queen size beds, kitchen, laundry area, bathroom, central eat and the satellite television, telephone and VCR that most tourists are used to having. Imagine though the coziness and comfort of coming back to the house after a day of sight seeing to sit by the fire place, drinking a glass of a local wine, having a light dinner of pasta, and enjoying the peace and quiet of your surroundings. Staying in a hotel in a major city will certainly show you the tourist hot spots, but staying in a private home will show you the real Bulgaria.
There are so many wonderful places to visit in Bulgaria like:
- Nessebar – beautiful small town on Bulgaria’s Black Sea coast a few hours south of Varna. Another one of Bulgaria’s many UNESCO world heritage sites.
- Sozopol – together with Nessebar these are the two sea towns with traditional houses and ancient dig sites.
- Bansko – a beautiful old village in the Pirin mountains with refurbished homes, stone wall, and cobblestone streets, but increasingly overtaken by resort hotels. Good place for skiing in winter and hiking in summer. The birthplace of the Bulgarian revival movement. If you want a true mountain village experience, there are a few other villages nearby from which to choose. In the beginning of august an annual Jazz festival is being held in the town. Skiiers and Snowboarders could find BanskoSki useful.
No visa is required for entry for citizens of the US, Canada, UK, Ireland, Australia and New Zealand.
However, foreigners have to register at the police after 72 hours. If you have booked with a travel agency, this will be taken care of. If not – usually, your hotel will handle the necessary paperwork (ask). If you do not stay in a hotel, you will need to go to the police and take the tedious task of registering on your own. Especially for UK and US citizens, Bulgaria is really cracking down on this. Failure to register might mean a 2000 Leva fine (about $1200 US). Also take care that you have an entry stamp in your passport, otherwise your exit could be quite troublesome.
Bulgaria offers tourist attractions all around the year. Most popular are summer seaside resorts, along the entire Black Sea coastline. In winter numerous ski resorts are there to attract tourists. There are many spa, trekking and historical destinations that offer incredibly rich variety of experiences.
There are hundreds, maybe thousands of mineral water springs around the country, so this is something you’d better taste and drink. Ayrian and boza are two traditional Balkan non-alcoholic beverages.
Posted on December 28, 2008 - by admin
Jolis Eltilib asked:
Bulgaria’s property market continues to appreciate overall as residential prices in Bulgaria’s 28 biggest cities showed an average 5.4% growth in the second quarter of this year, according to the country’s National Statistics Institute (NSI). Year-on-year, prices rose by 27% with the average price for a property in Bulgaria now standing at BGN1,041.1 per sqm.
The NSI reported that the popular tourist city of Varna is still the country’s most expensive area, with prices rising by 3.9% in the second quarter of this year to 1,710.3 per sqm. Sofia also experienced moderate growth (3.8%) where the average cost of a residential property is now 1,647.8 per sqm. The town of Vidin, situated on the banks of the Danube – 200km north west of Sofia, recorded the highest rise in property prices (23%) and now sits at 739 per sqm.
Bulgaria’s second biggest city, Plovdiv (5%), the Black Sea port of Burgas (4.1%) and the Danube town of Russe (10,9%) all experienced growth recording prices of 1,103.2, 1,366.7 and 1,182.7 per sqm respectively.
The only town where no growth was recorded is Targovishte – where prices haven’t changed since 2006.
Related News
The Pari Daily newspaper reports that there is more than enough property for sale in Bansko, but interest in buying there is slowing fast. The newspaper also said that the property market in the ski resort has stagnated since the beginning of 2007, with millions of Euros worth of investment being blocked.
It has also been reported that estate agents have been closing their doors as prices drop to between €500 – €900 per sqm. The nearby town of Razlog has also been feeling the affect, with agricultural land near a famous golf club being offered at €20 – €50 per sqm – with no takers. Pari also reported that the number of construction permits issued in Bansko has decreased for the first time in the last two years with some investors, who already hold permits, not starting to build (although a moratorium on new building permits in the area was introduced in January
Bulgaria’s property market continues to appreciate overall as residential prices in Bulgaria’s 28 biggest cities showed an average 5.4% growth in the second quarter of this year, according to the country’s National Statistics Institute (NSI). Year-on-year, prices rose by 27% with the average price for a property in Bulgaria now standing at BGN1,041.1 per sqm.
The NSI reported that the popular tourist city of Varna is still the country’s most expensive area, with prices rising by 3.9% in the second quarter of this year to 1,710.3 per sqm. Sofia also experienced moderate growth (3.8%) where the average cost of a residential property is now 1,647.8 per sqm. The town of Vidin, situated on the banks of the Danube – 200km north west of Sofia, recorded the highest rise in property prices (23%) and now sits at 739 per sqm.
Bulgaria’s second biggest city, Plovdiv (5%), the Black Sea port of Burgas (4.1%) and the Danube town of Russe (10,9%) all experienced growth recording prices of 1,103.2, 1,366.7 and 1,182.7 per sqm respectively.
The only town where no growth was recorded is Targovishte – where prices haven’t changed since 2006.
Related News
The Pari Daily newspaper reports that there is more than enough property for sale in Bansko, but interest in buying there is slowing fast. The newspaper also said that the property market in the ski resort has stagnated since the beginning of 2007, with millions of Euros worth of investment being blocked.
It has also been reported that estate agents have been closing their doors as prices drop to between €500 – €900 per sqm. The nearby town of Razlog has also been feeling the affect, with agricultural land near a famous golf club being offered at €20 – €50 per sqm – with no takers. Pari also reported that the number of construction permits issued in Bansko has decreased for the first time in the last two years with some investors, who already hold permits, not starting to build (although a moratorium on new building permits in the area was introduced in January
Posted on December 28, 2008 - by admin
Andrew Regan asked:
Bulgaria’s recent ascension in to the European Union has vastly increased its attractiveness to British holidaymakers as well as investment property buyers, and real estate experts predict an even greater demand for property when Bulgaria adopts the Euro in 2010.
Investors are particularly interested in Bulgaria as it is believed the European Union money will be spent on improving the country’s infrastructure. Bulgaria has also seen a great deal of political reform since its former communist dates, and the government has shown solid commitment to economic improvements, with GDP growth the highest in Eastern Europe.
The growth in economy has also caused vast escalation in the land values, which have risen from just 20 euros/ square meter, to around 350 Euros in some places. The promise of high profits has lured many from Britain, Ireland and Russia to buy ski and beach chalets, which can be purchased for a fraction of the price of similar properties in more traditional holiday haunts such as France, Spain, Austria and Switzerland.
The high price of UK properties and the recent rises in interest rates have also led UK investors to search further a-field for better deals on real estate, and again property investments in Bulgaria have come up trumps. The country continues to excite investors as it is an emerging market that currently offers property at prices that are not obtainable in other parts of the world. It’s possible to pick up property for as little as 30,000 Euros, a sum which would buy little more than a garage in the UK.
The fact that prices are steadily rising and are predicted to continue to do so means that investments in Bulgaria provide excellent return on investments, especially if money is spent purchasing property in areas that are predicted to rise in popularity over the next decade or so.
Tourism in Bulgaria is steadily on the rise, with numbers increasing by 50% between 2000 and 2004 – which is the fastest growing tourist trade in Europe. This popularity helps to ensure good rental potential, especially for property located around popular Black Sea resorts and ski resorts such as Bansko and these areas provide a strong buy-to-let environment for investors.
The fact that Bulgaria is well connected to the UK via low cost airlines has also aided its desirability as both a holiday destination and investment area; flights leave from London Stansted and land in Bulgaria’s capital Sofia, taking around 2.5 hours, and there are rumours of more routes opening in the not too distant future.
With so much on offer for both tourists and investors, it’s little wonder that Bulgaria is the gem of the Balkans.
Properties in Bulgaria
Bulgaria’s recent ascension in to the European Union has vastly increased its attractiveness to British holidaymakers as well as investment property buyers, and real estate experts predict an even greater demand for property when Bulgaria adopts the Euro in 2010.
Investors are particularly interested in Bulgaria as it is believed the European Union money will be spent on improving the country’s infrastructure. Bulgaria has also seen a great deal of political reform since its former communist dates, and the government has shown solid commitment to economic improvements, with GDP growth the highest in Eastern Europe.
The growth in economy has also caused vast escalation in the land values, which have risen from just 20 euros/ square meter, to around 350 Euros in some places. The promise of high profits has lured many from Britain, Ireland and Russia to buy ski and beach chalets, which can be purchased for a fraction of the price of similar properties in more traditional holiday haunts such as France, Spain, Austria and Switzerland.
The high price of UK properties and the recent rises in interest rates have also led UK investors to search further a-field for better deals on real estate, and again property investments in Bulgaria have come up trumps. The country continues to excite investors as it is an emerging market that currently offers property at prices that are not obtainable in other parts of the world. It’s possible to pick up property for as little as 30,000 Euros, a sum which would buy little more than a garage in the UK.
The fact that prices are steadily rising and are predicted to continue to do so means that investments in Bulgaria provide excellent return on investments, especially if money is spent purchasing property in areas that are predicted to rise in popularity over the next decade or so.
Tourism in Bulgaria is steadily on the rise, with numbers increasing by 50% between 2000 and 2004 – which is the fastest growing tourist trade in Europe. This popularity helps to ensure good rental potential, especially for property located around popular Black Sea resorts and ski resorts such as Bansko and these areas provide a strong buy-to-let environment for investors.
The fact that Bulgaria is well connected to the UK via low cost airlines has also aided its desirability as both a holiday destination and investment area; flights leave from London Stansted and land in Bulgaria’s capital Sofia, taking around 2.5 hours, and there are rumours of more routes opening in the not too distant future.
With so much on offer for both tourists and investors, it’s little wonder that Bulgaria is the gem of the Balkans.
Properties in Bulgaria
Posted on December 28, 2008 - by admin
Elena Carr asked:
Bulgaria is not the first destination that comes to mind when dreaming of vacation under the sun. Yet, many tourists having their first cheap holidays Bulgaria are caught unaware yet pleasantly fulfilled by the many cheap holidays options the country has to offer.
With its favorable location in the southeastern area of Europe and the even more attractive Mediterranean climate Bulgaria has, it attracts as many as thousands of tourists every year in its long stretch of beaches. And because more and more vacationers are getting curious with the uproar, beaches in Bulgaria have been developing to be worldwide competitive with the various facilities and amenities it now has to offer: hotels and villas, bars and restaurants, discos and music bars live up the length of the coastline. The greatest it has to offer being still a developing industry is the affordable prices. Imagine staying in luxury hotels and yet still having extra money for massages. Many Europeans are seeing Bulgaria as a cheaper alternative to other more popular Mediterranean destinations. The availability of cheap flights makes cheap holidays Bulgaria even more accessible and appealing to many tourists other than Europeans.
The beaches of Bulgaria are known to be clean and calm. The sea bed slopes very gradually, which makes swimming safe for everyone especially the young children. The sea itself is less saline than of the Mediterranean. Some Bulgarian beaches are awarded the Blue Flag for their safety and environmental excellence, and this pulls in greater numbers of beach goers. Many resorts dot the length of the coastline and tourists have all the options for their accommodations. The huge selection of resorts and other accommodations give tourists different alternatives which best fit their taste and budget – large hotels to small guesthouses, secluded villas and even bed and breakfast style rooms are all widely available.
Aside from the usual sea swimming and diving, resorts as well as other companies offer other fun water activities such as sailing, wind surfing and water skiing. There is also hang-gliding and banana boat rides, surfing lessons, paddle boats and yacht trips. Beach games such as volleyball are organized for many age groups as well. Children friendly amenities like water slides and shallow pools are accessible in some resorts too.
The incredible combination of weather and water temperature, a galore of affordable options, splendid sights and engaging activities all appeal to every tourist. Good thing is that they are all present in cheap holidays Bulgaria deals. Better thing is to book your holiday now. Best thing is to simply enjoy and make the most out of your dream holiday in Bulgaria.
Bulgaria is not the first destination that comes to mind when dreaming of vacation under the sun. Yet, many tourists having their first cheap holidays Bulgaria are caught unaware yet pleasantly fulfilled by the many cheap holidays options the country has to offer.
With its favorable location in the southeastern area of Europe and the even more attractive Mediterranean climate Bulgaria has, it attracts as many as thousands of tourists every year in its long stretch of beaches. And because more and more vacationers are getting curious with the uproar, beaches in Bulgaria have been developing to be worldwide competitive with the various facilities and amenities it now has to offer: hotels and villas, bars and restaurants, discos and music bars live up the length of the coastline. The greatest it has to offer being still a developing industry is the affordable prices. Imagine staying in luxury hotels and yet still having extra money for massages. Many Europeans are seeing Bulgaria as a cheaper alternative to other more popular Mediterranean destinations. The availability of cheap flights makes cheap holidays Bulgaria even more accessible and appealing to many tourists other than Europeans.
The beaches of Bulgaria are known to be clean and calm. The sea bed slopes very gradually, which makes swimming safe for everyone especially the young children. The sea itself is less saline than of the Mediterranean. Some Bulgarian beaches are awarded the Blue Flag for their safety and environmental excellence, and this pulls in greater numbers of beach goers. Many resorts dot the length of the coastline and tourists have all the options for their accommodations. The huge selection of resorts and other accommodations give tourists different alternatives which best fit their taste and budget – large hotels to small guesthouses, secluded villas and even bed and breakfast style rooms are all widely available.
Aside from the usual sea swimming and diving, resorts as well as other companies offer other fun water activities such as sailing, wind surfing and water skiing. There is also hang-gliding and banana boat rides, surfing lessons, paddle boats and yacht trips. Beach games such as volleyball are organized for many age groups as well. Children friendly amenities like water slides and shallow pools are accessible in some resorts too.
The incredible combination of weather and water temperature, a galore of affordable options, splendid sights and engaging activities all appeal to every tourist. Good thing is that they are all present in cheap holidays Bulgaria deals. Better thing is to book your holiday now. Best thing is to simply enjoy and make the most out of your dream holiday in Bulgaria.
Posted on December 28, 2008 - by admin
Douglas Scott asked:
Sofia is the capital and largest city of the Republic of Bulgaria. The city lies in central Western Bulgaria in a plain of the same name. It is surrounded by the Balkan Mountains to the north, the Lozen Mountain to the southeast, the Vitosha Mountain to the south and the Lyulin Mountain to the southwest.
The city was founded around 7000 years ago in a close proximity to the Vitosha Mountain and has now turned into a real cosmopolitan city.
Yet of all mountains around Sofia, Vitosha is the highest with its top peak, Cherni Vrah, having a height of 2290m and the most popular among city dwellers and visitors alike.
In the winter, many city residents take the 40min ride to enjoy the mountains ski and snowboard tracks while in the summer, Vitosha attracts families for hiking or just a picnic with its well signed paths, nice meadows and pine groves.
The city offers many international events, as well as theatres, operas, concert halls, museums and galleries.
For the comfort lovers there are many luxurious five, four and three stars hotels. For those who want comfort, rest and tranquillity, there are many small private hotels in Sofias surroundings.
As far as shopping is concerned Sofia can satisfy even the most demanding tastes. It has in avail not only glamorous shops with designer clothes, but also small antique shops, private and public galleries, jewellery and music shops and traditional craft studios.
The restaurants are also a delight. Most of them serve European and traditional Bulgarian food, but there are many others, offering all kinds of cuisines. If you want to feel the traditional Bulgarian atmosphere, you should visit a tavern. This is the place, where you will find traditional Bulgarian foods and drinks, combined with folk music and dances.
The night life in Sofia is also something that should be experienced. One can go to various concerts, operas, theatres, jazz and rock clubs and piano bars. There are also excellent discos with special shows in the late hours and casinos in which one can wait for the dawn.
The strategy lists measures for conservation of the capitals natural, cultural and historical landmarks, development of the convention industry and work on Sofias bid to host the 2014 Winter Olympic Games. According to the strategy, financing will come from the proceeds from visitor fees, the budgets of the ministries of economy, sports and youth, regional development and public works, and culture and tourism.
Bulgarian Properties
Sofia is the capital and largest city of the Republic of Bulgaria. The city lies in central Western Bulgaria in a plain of the same name. It is surrounded by the Balkan Mountains to the north, the Lozen Mountain to the southeast, the Vitosha Mountain to the south and the Lyulin Mountain to the southwest.
The city was founded around 7000 years ago in a close proximity to the Vitosha Mountain and has now turned into a real cosmopolitan city.
Yet of all mountains around Sofia, Vitosha is the highest with its top peak, Cherni Vrah, having a height of 2290m and the most popular among city dwellers and visitors alike.
In the winter, many city residents take the 40min ride to enjoy the mountains ski and snowboard tracks while in the summer, Vitosha attracts families for hiking or just a picnic with its well signed paths, nice meadows and pine groves.
The city offers many international events, as well as theatres, operas, concert halls, museums and galleries.
For the comfort lovers there are many luxurious five, four and three stars hotels. For those who want comfort, rest and tranquillity, there are many small private hotels in Sofias surroundings.
As far as shopping is concerned Sofia can satisfy even the most demanding tastes. It has in avail not only glamorous shops with designer clothes, but also small antique shops, private and public galleries, jewellery and music shops and traditional craft studios.
The restaurants are also a delight. Most of them serve European and traditional Bulgarian food, but there are many others, offering all kinds of cuisines. If you want to feel the traditional Bulgarian atmosphere, you should visit a tavern. This is the place, where you will find traditional Bulgarian foods and drinks, combined with folk music and dances.
The night life in Sofia is also something that should be experienced. One can go to various concerts, operas, theatres, jazz and rock clubs and piano bars. There are also excellent discos with special shows in the late hours and casinos in which one can wait for the dawn.
The strategy lists measures for conservation of the capitals natural, cultural and historical landmarks, development of the convention industry and work on Sofias bid to host the 2014 Winter Olympic Games. According to the strategy, financing will come from the proceeds from visitor fees, the budgets of the ministries of economy, sports and youth, regional development and public works, and culture and tourism.
Bulgarian Properties
Posted on December 28, 2008 - by admin
Jolis Eltilib asked:
Modern Bulgaria has a number of qualities which make it an attractive and stable investment destination.
Economic Growth – 4.9% real economic growth (2002est.)
Political Stability – A Parliamentary democracy
A European Future – Already a full member of NATO, Bulgaria has been invited to join the European Union in 2007.
General Economic Data – click
Prices of building plots – click
Holiday houses on the Black Sea
Area EUR/m2 % of increase compared to 2004
Trakata 230-550 21-23
Evksinograd 250-500 22-24
Sv. Sv. Konstantin i Elena 250-500 22
Manastirski rid 150-210 15
Alen mak 150-210 22
Jurnalist 220-450 24
Galata 100-250 20
Zvezditsa 150-170 20
Source: Gradev – Varna, July 2005 The rise in property prices, which are currently around 23% per annum, offers the same kind of potential as the early days of the Spanish property boom. Not without reason the Bulgarian Black Sea coast has been dubbed the ” New Spain “.
Sale prices of apartments in the resort holiday complexes (EUR/sq.m.)
Area Price (Dec. 2005) Price (Jan. 2006)
Sunny Beach click 720-920 750-1250
Sveti Vlas 600-1300 650-1500
Ravda 600-800 650-800
Sozopol 500-800 650-1000
Primorsko 500-700 500-1000
Bansko 500-1100 600-1250
Bourgas click 260-760 320-850
Source: Index Imoti magazine, January 2006 Rental yields are better for apartments in complexes which means a guaranteed rental income for Black Sea property buyers of around 10 – 12%.
Recent television coverage in the UK and the prospect of joining the EU in 2007 has increased the interest in Bulgaria considerably. It is at the moment the fastest growing tourist destination in Europe.
Average prices of residential real estates in some world cities and capitals (in EUR/sq. m.)
London 9500 Madrid 2000
New York 7000 Lisbon 2000
Tokyo 5300 Vienna 1750
Singapore 4050 Liubliana 1430
Paris 3440 Moscow 1200
Oslo 3200 Panama 1200
Zurich 3200 Istanbul 900
Toronto 3200 Buenos Aires 700
Barcelona 2800 Lagos 550
Jerusalem 2600 Santo Domingo 460
Amsterdam 2502
Taipei 2300 Sao Paolo 400
Berlin 2200 Sofia 400
Source: FIABCI, Adis Ltd, Dec. 2005 The Bulgarian property market has already made impressive gains in the last couple of years with an average 2005 increase of 20-25%, some areas increasing by 30%.
Legal and International Guarantees for Foreign Investment
The Bulgarian Constitution and the Law on Foreign Investments provide national treatment to foreign investors which means that foreign investors are entitled to perform economic activity in the country under the same provisions applicable to Bulgarian investors except where otherwise is provided by law. In particular this principle covers the whole range of economic and legal forms of activities for accomplishing entrepreneurial businesses. The national treatment to foreign investors includes the participation in the process of Privatization and acquisition of shares, debentures, treasury bonds and other kinds of securities.
Legal Guarantees Against Adverse Changes in the Law
The Law on Foreign Investments stipulates the principle that foreign investment made prior to the adoption of amendments in law imposing statutory restrictions only with regards to foreign investments, shall not be affected by these restrictions. The sense of the law provides for that foreign investments shall be guaranteed against subsequent legislative changes.
Protection against Expropriation
The Bulgarian Constitution allows forcible expropriation of property in the name of the state or for municipal needs only if effected by virtue of a law provided that these needs cannot otherwise be met, and after a fair compensation has been ensured in advance. Expropriation under Bulgarian Law is governed by the Law on State Property and Law on Municipal Property.
The Law on Foreign Investments provides additional protection to foreign investors. The first added protection granted to foreign investors is that the expropriation may only occur for exceptionally important state needs, which cannot be otherwise met. Immovable property owned by foreign persons may not be expropriated for municipal needs.
As another protection for foreign investors the Law requires compensation in the form of another immovable property in the same location, and only given the foreign investor’s consent, in another location, or by cash if the foreign investor prefers so. Compensation equals the immovable property’s market price on the day of expropriation.
Add you property for free
Modern Bulgaria has a number of qualities which make it an attractive and stable investment destination.
Economic Growth – 4.9% real economic growth (2002est.)
Political Stability – A Parliamentary democracy
A European Future – Already a full member of NATO, Bulgaria has been invited to join the European Union in 2007.
General Economic Data – click
Prices of building plots – click
Holiday houses on the Black Sea
Area EUR/m2 % of increase compared to 2004
Trakata 230-550 21-23
Evksinograd 250-500 22-24
Sv. Sv. Konstantin i Elena 250-500 22
Manastirski rid 150-210 15
Alen mak 150-210 22
Jurnalist 220-450 24
Galata 100-250 20
Zvezditsa 150-170 20
Source: Gradev – Varna, July 2005 The rise in property prices, which are currently around 23% per annum, offers the same kind of potential as the early days of the Spanish property boom. Not without reason the Bulgarian Black Sea coast has been dubbed the ” New Spain “.
Sale prices of apartments in the resort holiday complexes (EUR/sq.m.)
Area Price (Dec. 2005) Price (Jan. 2006)
Sunny Beach click 720-920 750-1250
Sveti Vlas 600-1300 650-1500
Ravda 600-800 650-800
Sozopol 500-800 650-1000
Primorsko 500-700 500-1000
Bansko 500-1100 600-1250
Bourgas click 260-760 320-850
Source: Index Imoti magazine, January 2006 Rental yields are better for apartments in complexes which means a guaranteed rental income for Black Sea property buyers of around 10 – 12%.
Recent television coverage in the UK and the prospect of joining the EU in 2007 has increased the interest in Bulgaria considerably. It is at the moment the fastest growing tourist destination in Europe.
Average prices of residential real estates in some world cities and capitals (in EUR/sq. m.)
London 9500 Madrid 2000
New York 7000 Lisbon 2000
Tokyo 5300 Vienna 1750
Singapore 4050 Liubliana 1430
Paris 3440 Moscow 1200
Oslo 3200 Panama 1200
Zurich 3200 Istanbul 900
Toronto 3200 Buenos Aires 700
Barcelona 2800 Lagos 550
Jerusalem 2600 Santo Domingo 460
Amsterdam 2502
Taipei 2300 Sao Paolo 400
Berlin 2200 Sofia 400
Source: FIABCI, Adis Ltd, Dec. 2005 The Bulgarian property market has already made impressive gains in the last couple of years with an average 2005 increase of 20-25%, some areas increasing by 30%.
Legal and International Guarantees for Foreign Investment
The Bulgarian Constitution and the Law on Foreign Investments provide national treatment to foreign investors which means that foreign investors are entitled to perform economic activity in the country under the same provisions applicable to Bulgarian investors except where otherwise is provided by law. In particular this principle covers the whole range of economic and legal forms of activities for accomplishing entrepreneurial businesses. The national treatment to foreign investors includes the participation in the process of Privatization and acquisition of shares, debentures, treasury bonds and other kinds of securities.
Legal Guarantees Against Adverse Changes in the Law
The Law on Foreign Investments stipulates the principle that foreign investment made prior to the adoption of amendments in law imposing statutory restrictions only with regards to foreign investments, shall not be affected by these restrictions. The sense of the law provides for that foreign investments shall be guaranteed against subsequent legislative changes.
Protection against Expropriation
The Bulgarian Constitution allows forcible expropriation of property in the name of the state or for municipal needs only if effected by virtue of a law provided that these needs cannot otherwise be met, and after a fair compensation has been ensured in advance. Expropriation under Bulgarian Law is governed by the Law on State Property and Law on Municipal Property.
The Law on Foreign Investments provides additional protection to foreign investors. The first added protection granted to foreign investors is that the expropriation may only occur for exceptionally important state needs, which cannot be otherwise met. Immovable property owned by foreign persons may not be expropriated for municipal needs.
As another protection for foreign investors the Law requires compensation in the form of another immovable property in the same location, and only given the foreign investor’s consent, in another location, or by cash if the foreign investor prefers so. Compensation equals the immovable property’s market price on the day of expropriation.
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Posted on December 28, 2008 - by admin
Stephen Jones asked:
GRAND HOTEL SOFIA 5* – The newest 5-star luxury hotel in Sofia, located in the very heart of Bulgaria’s capital, overlooking the City garden and the National Theatre.
HOLIDAY INN HOTEL SOFIA 5* – Sofia’s newest 5 star hotel, adjacent to the Business Park Sofia, located at 9 km from the city center and 6 km from Sofia International Airport.
SHERATON SOFIA HOTEL BALKAN 5* – One of the best hotels in Sofia, located in the very heart of the city, within walking distance from all governmental institutions and tourist sites.
ART HOTEL SOFIA 4* – Located in the city centre of Sofia, on a quiet spot between Vitosha and Rakovski boulevards, within walking distance to all major sites.
FESTA BARCELO HOTEL SOFIA 4* – The hotel, which is part of the world hotel chain Barcelo Hotels & Resorts, is situated in the fast developing district of Sofia city, at the foot of Vitosha Mountain.
GREENVILLE HOTEL & APARTMENTS 4* – A brand new four-star Hotel & Apartment house, located in one of Sofia’s elite regions, next to Sofia Land amusement park.
CRYSTAL PALACE HOTEL 4* – One of the best business hotels in Sofia, located in the very heart of the city, among the Sofia University and the National Library.
SOFIA PRINCESS HOTEL 4* – The biggest hotel on Balkan Peninsula is located within walking distance from the city center, near the Central Railway and Bus Station.
PARK HOTEL VITOSHA 4* – Brand new four-star hotel, located in the south area of Sofia, opposite the Technical University of Sofia, at just 5 km from the city centre.
MEG LOZENETZ HOTEL 3* – Situated at close proximity to the National Palace of Culture and the shopping zone of Vitosha Blvd, at just minutes away from the city centre.
Properties in Bulgaria
GRAND HOTEL SOFIA 5* – The newest 5-star luxury hotel in Sofia, located in the very heart of Bulgaria’s capital, overlooking the City garden and the National Theatre.
HOLIDAY INN HOTEL SOFIA 5* – Sofia’s newest 5 star hotel, adjacent to the Business Park Sofia, located at 9 km from the city center and 6 km from Sofia International Airport.
SHERATON SOFIA HOTEL BALKAN 5* – One of the best hotels in Sofia, located in the very heart of the city, within walking distance from all governmental institutions and tourist sites.
ART HOTEL SOFIA 4* – Located in the city centre of Sofia, on a quiet spot between Vitosha and Rakovski boulevards, within walking distance to all major sites.
FESTA BARCELO HOTEL SOFIA 4* – The hotel, which is part of the world hotel chain Barcelo Hotels & Resorts, is situated in the fast developing district of Sofia city, at the foot of Vitosha Mountain.
GREENVILLE HOTEL & APARTMENTS 4* – A brand new four-star Hotel & Apartment house, located in one of Sofia’s elite regions, next to Sofia Land amusement park.
CRYSTAL PALACE HOTEL 4* – One of the best business hotels in Sofia, located in the very heart of the city, among the Sofia University and the National Library.
SOFIA PRINCESS HOTEL 4* – The biggest hotel on Balkan Peninsula is located within walking distance from the city center, near the Central Railway and Bus Station.
PARK HOTEL VITOSHA 4* – Brand new four-star hotel, located in the south area of Sofia, opposite the Technical University of Sofia, at just 5 km from the city centre.
MEG LOZENETZ HOTEL 3* – Situated at close proximity to the National Palace of Culture and the shopping zone of Vitosha Blvd, at just minutes away from the city centre.
Properties in Bulgaria
Posted on December 28, 2008 - by admin
valko asked:
Country House in VETRINO Village
4 bedroom property for sale near Varna, Bulgaria.
Property is resale and in need of some renovation.
This massive, two-storey house situated in central part of Vetrino village, 45km(28 miles) away from Varna city and 35km(22 miles) from the International Airport, driving 20-30 min. on Motorway from Varna to Sofia. Total living area of the property is 120 m2+more 60 m2 of farm buildings. 1-st floor: two bedrooms, corridor, kitchen, dining room, bathroom; 2-nd floor: two bedrooms and corridor. The house is sold with 2520 m2 of land. Regulation, water, electricity, cable TV, internet.
The house last renovation is on year 1987. The property is accessible from a main asphalt street. The village of Vetrino is a municipality centre. The village has very well organized infrastructure and as a part of it is the sewerage system. The house is sold furnishing and is available for living through the all year around . Some foreigners have already bought houses and are living there. On sale by owner.
PRICE: 26000euro / 18000GBP
*Legal fees and taxes are NOT included in the price.
**Ready documents on reconstruction or a new building.
Bulgarian Properties
Country House in VETRINO Village
4 bedroom property for sale near Varna, Bulgaria.
Property is resale and in need of some renovation.
This massive, two-storey house situated in central part of Vetrino village, 45km(28 miles) away from Varna city and 35km(22 miles) from the International Airport, driving 20-30 min. on Motorway from Varna to Sofia. Total living area of the property is 120 m2+more 60 m2 of farm buildings. 1-st floor: two bedrooms, corridor, kitchen, dining room, bathroom; 2-nd floor: two bedrooms and corridor. The house is sold with 2520 m2 of land. Regulation, water, electricity, cable TV, internet.
The house last renovation is on year 1987. The property is accessible from a main asphalt street. The village of Vetrino is a municipality centre. The village has very well organized infrastructure and as a part of it is the sewerage system. The house is sold furnishing and is available for living through the all year around . Some foreigners have already bought houses and are living there. On sale by owner.
PRICE: 26000euro / 18000GBP
*Legal fees and taxes are NOT included in the price.
**Ready documents on reconstruction or a new building.
Bulgarian Properties
Posted on December 28, 2008 - by admin
valko asked:
Country House in PCHELAROVO Village
2 bedroom property for sale near Varna, Bulgaria.
Property is resale and in need of major renovation.
This old, country stone-brick house (three rooms-60 m2) with very large plot of 5205 m2(56026.153 ft²) is situated in very peaceful, small village PCHELAROVO, only 65 km(40 miles) away from the famous coastal town Varna and International Airport, 15 km(10 miles) from Dobrich and 40 km(25 miles) from Balchik and from Black sea. Electricity, water and telephone available. The village itself is located in a beautiful rural area with a very good road connections. Regular bus transport from the nearby relatively large city is a convenience. Some foreigners have already bought houses and are living there. On sale by owner.
PRICE: 15000euro / 10500GBP
*Legal fees and taxes are NOT included in the price.
**Ready documents on reconstruction or a new building.
Add you property for free
Country House in PCHELAROVO Village
2 bedroom property for sale near Varna, Bulgaria.
Property is resale and in need of major renovation.
This old, country stone-brick house (three rooms-60 m2) with very large plot of 5205 m2(56026.153 ft²) is situated in very peaceful, small village PCHELAROVO, only 65 km(40 miles) away from the famous coastal town Varna and International Airport, 15 km(10 miles) from Dobrich and 40 km(25 miles) from Balchik and from Black sea. Electricity, water and telephone available. The village itself is located in a beautiful rural area with a very good road connections. Regular bus transport from the nearby relatively large city is a convenience. Some foreigners have already bought houses and are living there. On sale by owner.
PRICE: 15000euro / 10500GBP
*Legal fees and taxes are NOT included in the price.
**Ready documents on reconstruction or a new building.
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