Britons living in Bulgaria. Guide to Bulgaria, Sofia and Varna

Property in Bulgaria - 2 BRS Apartment for sale in Sofia
Over the past 10 years the property British citizens bought abroad increased by 300 per ... Over the last three-four years, yields in Bulgaria hovered more. ...

A person must be at least 23 years old to be considered eligible and the age plus the loan period shouldn't exceed 65 years. According to the agency,37 of the apartments purchased last year in Bulgaria were bought by foreigners. After it equal monthly installments during the loan term are paid. At the same time started the project for Varna TSUM - the local department store which will make the city one of the most competitive markets. By the end of this months the latest project is to be presented before the local administration said Eli Egosi representing the developer Orchid Developments Group traded on the floor of the LSE AIM and investing in Bulgarian real property. For the first year the interest rate is 1.5% or 5.9% for the first 3 years. However, if the acquired property is a plot, a local citizen should acquire a property. If you are a foreigner and wish to buy or rent property, you shouldn't miss the opportunity of having full use of the services by our teams of professionals in the sphere of real estate. In case of overdue payments the bank charges a penalty interest rate. In the last two months of 2006 have started two shopping and entertainment centers and were announced other three projects. Investors come mainly from Britain and the Scandinavian countries and are interested in purchasing property within mountain and seaside resorts. Mirela Real Estate agency has a partnership with leading Bulgarian Banks based on a licensed contract, by the force of which we represent them, a sign of respect and trust. Near the International Exhibition Center, The Expo hotel, The Toyota center, across the The Metro Cash & Carry store.The future residential neighborhood is divided into three parts each of them with different date of release. Only for 2005, 1900 new buildings were more... Our credit specialists offer consulting services to our foreign clients and this service is free. Reasons for this interest in the country include the good climate and the prices three to four times lower than those in other European states.Real estate market tendencies also include increase in the number of newly constructed buildings. The applicant's income should be 1.50 times the monthly installments. The application fee is Eur 50 and the management fee is 2%. The bank has an application fee of BGN 20 and an administration fee of 0.5%. The complex is with independent infrastructure and utility services. The construction work of the third one will start in the spring of 2007 and will be completed in the autumn of 2009. The first one will be completed in the summer of 2007, the second in the summer of 2008. The future inhabitants will benefit from large, green areas, children's playgrounds and areas for rest and recreation. The investments in the project are more than 45 milion euro. The investor is more...The Bulgarian real estate market has witnessed a real boom within a few years. The maximum term is 240 months with a loan purpose- acquisition of a real estate.There is an option of a period when the borrower pays only interest which may be up to 12, 24 or 36 months. The minimum amount of the credit is Eur 7500, the maximum is Eur 250 000 for a period of up to 20 years. The prepayment fee is 5%.First Investment bank Every able local or foreign citizen is considered an eligible borrower. The projects already start by the dozen. There are no limits concerning the maximum loan amount. There is a standard interest rate for the rest of the loan period which is 6.5%. They will provide you with helpful service, taking into consideration all the details, as well as legal assistance during the whole process of buying or renting property in Bulgaria. This includes solicitor's assistance, full checks of the approved property for encumbrances /mortgages, restraints, statements of claims, established real rights/, preparing all relevant and necessary contracts and paperwork. You can read more on the fees and charges on their website. You may need advice after the purchase as well – we are there to help.