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

Office For rent, city of Sofia, in Gotse Delchev, Str Kostenski ...
Bulgaria property market faces shortage of storage space. ... The same applies to the UK for British citizens passport holders only. ...

A good quality ski chalet or a seaside villa can generate excellent seasonal yields. Are there any restrictions on buying property by a foreign national in Bulgaria?There are no restrictions on buying property without land in Bulgaria for a foreign national. As for the UK, London properties in a number of residential areas (such as Knightsbridge, Kensington and Chelsea) can sell for approximately EUR 16,000 per square metre (£1,000 per square metre). At the same time, Bulgaria is holding a leading position on the list of preferred Balkan tourist and investment destinations, and the resulting steady increase in the prices witnessed in the recent years is expected to continue well into 2007. Bulgarians are happy to see people bringing wealth and foreign investment to their communities and enjoy the internationalization of the country.Should I wait until the end of 2007 to invest?Absolutely not! Bulgaria's exchange rate is fixed to the euro at 1.95583 BGN to 1 euro and all Bulgarian currency in circulation has been backed 100% by the foreign exchange reserves of the Bulgarian National Bank. Bulgaria's ski resort No.1 is of course Bansko , located at the northern foot of Pirin Mountain. Bulgaria's stabilization programme, which included the introduction of a currency board on July 1, 1997, marked the end of a period of economic turmoil and near-hyperinflation. Central heating monthly expenses for a 2 bedroom apartment come up to about EUR 70. Commercial and office space in prime locations have been traditionally regarded successful investments. Contact our brokers for any further details and questions without hesitation. Electricity used for heating purposes is more expensive than gas or central heating.The annual taxes for owning a property depend, it goes without saying, on the location and the type of the real estate. Example: a property priced EUR 30,000 is insured against theft, flood and fire costs for EUR 125 per year. House insurance ranges depending on the type and location of the property and amounts to EUR 100-200 annually. How do Bulgarian property prices compare to those in other countries?Properties in the prestigious residential areas of Sofia sell at about EUR 1,000-1,200 per square metre (roughly £67-£82 per square foot). How do I register my property in Bulgaria?The notary will register the notarized deed at the registration office with the respective district court. If you are not sure you can handle all these things and don't want to face the inherent risks, MIRELA can ensure a quick and trouble-free buying process for you. In case you are buying an apartment, the centre of Sofia is of course one of the most attractive places. It is secured by window gratings and Security System, fully cabled.Disposition: One open-space premise with a passage to a service premise and a store-room. MIRELA Real Estate Agency offers excellent property management services, including renting out, maintenance, renovation, etc. More detailed information on visas and staying in Bulgaria can be read here . Next come the neighbourhoods of Lozenets , Ivan Vazov , Strelbishte , Iztok . Not to be underestimated is Albena- the oldest sea resort located at the northern seaside where three new golf courses are under construction. Read further details on how to buy property in Bulgaria . Registration usually takes from 1 to 3 days. Rich in high mountain ranges, Bulgaria has many ski resorts with first-class ski facilities and tracks. See how competitive the prices of Bulgarian properties are by checking our statistics based on realized real estate deals. So, do not hesitate- now is the right time to invest! Such passport holders need a visa only if their stay in Bulgaria will exceed 30 days, if they need to enter the country a number of times for a longer period of time, or if they need a long-term visa. Taxes, expenses?Bulgaria is a full member of the EU since January 2007 and has been working hard towards the levelling of its standards of living with those of the Union. The first thing you will have to do is to conclude an order-contract with MIRELA, then we will arrange viewing trips so that you can choose a property that suits your needs. The gasification network in the country is still at an initial phase of development with the central heating system dominating as the basic heating means. The prices of consumer goods are comparable to the ones in other EU countries; while services remain cheaper. The prices of real estates in Bulgaria at the moment, a member of the European Union since January 2007, are still quite low compared to other European countries. The same can be safely said about high-quality residential estates in Sofia. They are usually very tolerant and open-minded and genuinely interested in different religions and cultures. This can be done by the parties too, but it is most common for the notary to do it. Traditionally, foreign interest has been concentrated on commercial properties or holiday homes at the seaside, in the top ski resorts and mountain villages with cultural, historical and natural landmarks and developed rural tourism. Using the search engine in our web sites you can easily browse all the properties offered by the agency by type, by location, by price or other criterion. Villas and country houses still use wood and coal, which is a cheaper way to keep a house warm. What kind of tax do I owe for my property purchased in Bulgaria?The amount of taxes and fees varies according to the location of the property. When you have made a decision, you will have to pay a deposit to reserve your property until a preliminary and a final contract of purchase is signed. You can buy as many apartments in Bulgaria as you can afford!