Welcome! Use the popout menu < left to explore the site. You are welcome to join the Forums to chat.

Bulgarian Investment Property

Do you have investment property in Bulgaria to sell? are you looking for good advertising space?

Advertise Your Bulgarian Investment Property For Just �10 A Week

For just �10 a week you can have a 500 word listing on a page covering your Region / City or Country with property deals on, or about your company that supplies deals. Along with this you will get a free listing in my directory.

Terms of advertising

Payment - You must pay monthly by standing order to qualify for this service. Failure to pay will result in the advert / service being revoked.

Term - minimum one year commitment

Bulgarian currency sought after 22/08/2008

According to the Post Office, demand for Bulgarian currency has been going up steadily in the last three years. Investors have been flocking to Bulgaria as they feel that a property investment here offers huge potential - buying in one of the world's fastest growing property locations for a fraction of the cost of most other European destinations.

Aston Lloyd recently flagged up Bulgaria as a good market to consider, saying that property values remain relatively affordable when compared with many other markets.

Head of Travel at the Post Office, Helen Warburton, said, 'The demand for Bulgarian notes, (called Leva, with a fixed exchange rateof EURO 1 = BGL 1,95583) shows that while people in the UK are not deserting traditional destinations, people are increasingly considering other options. 'Many UK tourists are shopping around in Europe,' she added. Indeed, the number of sales to UK nationals has risen by 126% since 2005. Soon, investors in the Bulgarian market could be in line to benefit from growth in the country's tourism sector. As the number of incoming visitors grows, the knock-on effect on its rentalmarket could be extremely positive.

Phil Grimes of Select Property Overseas, says, 'Property is still a boom area. On the 1st January 2008 a flat rate of 10% tax was introduced on all personal income, which reduces the previous tax burden on rental incomes and increases the net yield on investment. Online guide Foreign Property Buyer said, 'Popular holiday resorts and city locations are still attracting strong rental yields and strong demand from investors, and major cities such as Sofia and Varna are well worth alook.'

Check out Bulgarian property for sale at www.themovechannel.com/property/Bulgaria/

Bulgaria's 'other' property boom 30/07/2008

Bulgaria's residential property market is not the only sector experiencing a price boom. According to a new report from real estate consultancy company Arco Vara, the cost of renting industrial and logistics plots in the capital Sofia is among the highest in a list including the Baltic countries, Romania and Ukraine, Sofia ranked second after the Ukrainian capital Kiev, with rents in the Bulgarian capital of four to 10 euro a sq m.

In Kiev, rents varied between 7.4 and 11.5 euro a sq m. The highest rents in the other countries did not exceed six euro a sq m, according to the report.

Sofia soaring

A spokesperson for Arco Vara commented: “Sofia is maintaining high prices because the field is poorly developed and demand exceeds supply. The phenomenon is the same throughout the country. As a result, loans in this sector in Bulgaria are higher than those in the countries of Central and Western Europe. “As for retail properties, prices in Bulgaria are similar to those in the Baltic countries and significantly lower than those in Ukraine and Romania. Monthly rents in malls in Sofia range from 15 to 60 euro a sq m and on major trading streets, they vary from 40 to 100 euro a sq m.

Bulgaria 'improving beyond recognition' 01/07/2008

One major aspect of Bulgaria's property market appears to be going from strength to strength. A new report from leading research company RNCO ­- Bulgarian Banking Sector Analysis - has found that Bulgaria's mortgage sector is one of the fastest growing in the banking industry with housing loans accounting for one third of all lending products.

Data in the report also confirmed that the Bulgarian real estate market was the world's strongest in 2007.

After liberalisation of the mortgage sector in 2004, the Compound Annual Growth Rate (CAGR) increased by a massive 87% between 2004 and 2007 with growth for the period 2007 to 2010 predicted to be at a similar spectacular percentage. Bulgarian National Bank figures report that Bulgarians took out over €2.5 billion in mortgages over the last year and home loans now account for almost half the loan total (a rise of nearly 25% over the last 3 years).

Not only has mortgage lending seen a massive hike, but Bulgaria has also experienced a huge increase in mortgage products.

Ken Thorkildsen, Director of Obelisk Private Finance, commented: 'Being able to choose from a variety of products is very important for the property investor, and the choice in Bulgaria has improved almost beyond recognition in the last few years.

'Of particular interest to property investors are products for remortgaging and equity release. Equity release amounts have increased by up to 75% of the appraised value, which allows property investors leverage for other products, therefore providing the opportunity to expand their property portfolio'.

News provided by TheMoveChannel.com � Copyright, On The Move Limited, 2005

Free Email:

Not a member?