Attractions Bulgaria

Archive for July, 2009

During the second quarter of 2009, newly built apartment blocks across Bulgaria increased by 24.1% according to data from the National Statistics Institute.

Reports showed that the number of new apartments had soared by a whopping 30.2% on an annual basis, whilst the growth shown by completed accounts for new buildings grew by 6.9%.  In just May to July almost 700 properties were built, encompassing almost 7000 apartments. Just in that timescale we saw an increase of over 50% in new apartments across Bulgaria.

Varna was top of the pops with the most new buildings being completed, closely followed by Bourges, and then Sofia. However, the same report showed that no new construction took place in Razgrad, Montana or Haskovo during those months.

This is a healthy trend, and one that we wish to see continuing. Long may Bulgaria fly in the face of the economic downturn, and global decrease in demand on the property market.

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When considering buying a new property in Bulgaria, there are some very important things to consider. Here are just a few tips to help you on your way.

Choose your dream home
This may sound simple… but with so much choice available, you really must do your research. Come out to Bulgaria, and let us give you a tour of some of the best areas, and those which are ripe for investment. We know the country, the areas, and can help find you a perfect investment option.

Buying Land
According to current legislation, it is currently illegal for foreigners to own land in Bulgaria. However, if your dream property comes with land – there is a way for you to legitimately own said land. We can help you through this process easily, and fairly inexpensively

Engage the services of a lawyer
Once you have chosen your property, and agree a price verbally – you must get a lawyer involved. This will protect your investment, and ensure that you do not receive any nasty surprises after the event.

Signing the preliminary contract
Your lawyer should be helping you through this stage of the process, and will help you to check all paperwork. It is customary at this point to pay a deposit on your new property – usually 10%. Should you then withdraw from the sale, you would lose that deposit. However, should the vendor withdraw, then your money is returned to you.

Get that property OFF the market
At this point, the property is then deemed as in process… so do insist that it is taken off the market.

Searches and surveys
Again – use your lawyer for this step, as they can check all title deeds, claims, licenses and outstanding debts are addressed and cleared. Do not skip this vital step – as it may come back and bite you after the event
If you’re buying a resale property you should have a surveyor conduct a full survey on the property and the land to check for structural soundness, build quality and to ensure there is nothing wrong with the land or the property.

Signing on the dotted line
After all this… you get to sign your final contract. This usually takes place in the office of a notery, and both you and the vendor will meet there. You sign the final contract, and at this point the balance of the purchase price is due, as well as any taxes. If your property has been bought offplan – then the payment terms should have been covered in writing for you

Can I get the keys now?
Providing your new home is completed… you can move in, or start decorating it for your new tenants. If an offplan property, then keep an eye on those completion dates (hopefully your lawyer will have negotiated a late completion clause). You should be receiving the title deeds in your name.

Enjoy!

Temperate continental with clearly marked four seasons.
A Mediterranean influence is felt in the country’s southern regions.
The average annual temperature is 10.5°C.
The average January temperature is around O°C.
Average summer temperatures rarely exceed 30°C.

Below are some images of the Gorgeous Black Sea Coast

Wish I was there.

Fancy an Early morning sunbathe

Sunny Beach 'earli in the morning'

The Japanese government is to donate equipment worth 46.5 million Japanese yen (346 239 euro) to Bulgaria’s National Gallery of Art.

The donation would be used towards the acquisition of restoration and audio-visual equipment, Bulgarian news agency BTA quoted a media statement from the gallery as saying.

In the form of annual donations, Japan has given more than $7 million to various cultural, educational, sport and media government institutions in Bulgaria since 1991, BTA said.

Recipients of Japanese donations included Bulgarian National Television, the Bulgarian Judo Federation, the Boyana church, the National Library, the National Theatre, the National Music Academy, the National Gallery for Foreign Art, the National Institute for Monuments of Culture, the National Academy of Theatre and Film Arts, the Sofia Philharmonic Orchestra, the National Palace of Culture, the Sofia National Opera and Ballet, the museum of the Archaeological Institute at the Bulgarian Academy of Sciences, the Bulgarian National Radio symphony orchestra, and a museum for Thracian art in the Eastern Rhodopes, near the village of Alexandrov.

News story from Sofia Echo

A Date for your Diary folks, this is when Bulgaria will enter the European Monetary fund.

The Bulgarian Leva will cease to be and they will be trading in Euros.

Be ready for this, as property will increase in value ten fold, we will also be free of the current recession by then.

Folks you need to contact us to invest in a holiday home or buy property to sell and make money before 2012.

For more information

Attraction Lifestyles

Gary Woollard

Tel: 01793-330083

SKYPE ADDRESS: attractlife

garyattractionlifestyles@yahoo.co.uk

garykw@attractionlifestylesworldwide.com

www.attractionlifestylesworldwide.com

www.attractionsbulgaria.com