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

Property in Bulgaria - Studio for sale in Smolyan Region


A mortgage loan was used in 32 per cent of all purchases, Vladikov said.By the end of this year or in the beginning of 2007 a secondary property market will emerge in Bulgaria. 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. After it equal monthly installments during the loan term are paid. Although Bulgaria will feel a relatively faint ripple effect of the property market crises in the United States and some European states, it won't remain completely unaffected. 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. In case of overdue payments the bank charges a penalty interest rate. It is built next to one of the biggest fresh-water lakes in the District of Smolyan whose surface mirrors the surrounding mountance and age-old trees. 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. Most of the deals in this sector were concluded without a change in the original function of the terrain. Our credit specialists offer consulting services to our foreign clients and this service is free. Prices might decrease by as much as 20 per cent, Darik Radio reported.National Real Property Association (NRPA) head Orlin Vladikov said the highest number of apartments in 2005 was sold in Sofia. Returning a mortgage loan usually becomes problematic after the third year of the agreement, said Vladikov.Vladikov said an increase was registered in the price of agriculture plots. Snezhanka where the ski runs startSpecifications: Dream Lake aparthotel ensures all convenience to unwind and enjoy living in the mountains. 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 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 minimum income that should remain per member of the household is 500 Eur for adults and 250 Eur for children.The term for approving the application is usually up to 2 days. The prepayment fee is 5%.First Investment bank Every able local or foreign citizen is considered an eligible borrower. The year-on-year price hikes of 15 to 20 per cent that have been typical of Bulgaria so far are likely to remain a thing of the past. 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%. You can enjoy skiing and snowboarding from the top of the snow-wrapped mountain of Snezhanka in the winter months from December to late March.500 m. You can read more on the fees and charges on their website.