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News - Archive
24Mar. 2011 In 2011 new investors on the property market in Bulgaria In the next month new investors are expected on the Bulgarian property market and this will shake it a little bit. The interest is expected to be in the properties located near the sea-Varna, Dobrich, Burgas and properties located in a mountain areas- Veliko Tyrnovo, Elena, Vratca,Stara Zagora, etc. The experts wait a moment in the Bulgarian proeprty market in the second half of 2011, for when are the expectations for economical growth. In this time the first signals for growth of the real estatemarket must appear. There is a big risk for shortage of living properties in the high class, because there are no new projects in this segment.
The prognosis of Colliers says that the main trading streets will turn back their strong positions and in the four big cities: Varna,Sofia,Burgas, Plovdiv, the active renters will be fashion representatives, shoe stores, fast food and coffee shops.
The searching for trade areas will be concentrated in the so called “soft cash and carry”, the small neighborhood shops and the fashion brands of the low price class. There will appear new hybrid shops uniting shopping and entertainment.
In the industrial spaces there is no expected big movement because of the no expected big investments.
The most contracts for renting of offices end in this year. This will make the main companies to search office spaces in new attractive office buildings. The expected growth of 150 000 sq.m. of office spaces in the first half of 2011 will keep the rates low.
14
Mar. 2011 In 2011 the Global investment Bulgarian property market will continue to recover The number of real estate auctions initiated by private enforcement agents in Bulgaria in the first months of 2011 was double the numbers from the same period of the previous year.
In 2010, property tenders came in at 700 to 800 a month on average, but their numbers soared to between 1500 and 1600 in January and February 2011.
By comparison, the number of auctions for enforced sales of property in 2008 stood at between and 40 and 50 a month.
The increase in real estate auctions was attributed to the growth of non-performing mortgage loans, as well as to the accumulation of old tenders that found no buyers.
03
Mar. 2011 Bulgaria celebrating 3th March Today we celebrate the national holiday in Bulgaria- 3th of March. 133 years before that date in 1878 have been sign peace contract between Russia and Ottoman Empire. Which put the end of Russian-Turkish war 1877-1878.
The date March 3 marks the beginning of the Third Bulgarian Stat.
BEST BULGARIAN ESTATES LTD CONGRATULATE ALL BULGARIAN PEOPLE AROUND THE WORLS AND ALL BULGARIAN’S FRIENDS.
16
Feb. 2011 Bulgarian Real Estate market in January 2011 was double than January 2010 The number of property deals on Bulgarian real estate market in January 2011 was double that of January 2010. Usually the number of sales at the start of the year is lower, but this is this year is different. 2010 was a difficult year for the Bulgarian property market a whole. We observed drastic drops in the property prices in all segments. But in the last quarter of 2010 appeared indications for stabilization.
One of the reasons is the discounted price of many properties- this includes village houses, apartments, sea properties, agricultural lands, forests, town properties, etc.
This is a sign for the property market a whole, because the trend is indicative of Bulgaria’s real estate market.
Searching of properties started to rise slowly, property prices starred to stabilize and to take mortgage loan is easier. In the next few months we expect smooth growth in the Bulgarian property market.
Residential property prices will stabilize in 2011. Even we can expect slight increase in prices with 2-5 %. The clients are looking for new buildings, renovated village properties, new flats and properties with good location, luxury houses and luxury apartments. Specifically for Sofia- search price range is 700-900EUR/sq.m. depending of the location and quality of the property.
26
Jan. 2011 Re-registration of Bulgarian companies extended As you know till the end of this year all Bulgarian companies had to re-register. With the new adopted law the deadline for re-registration of companies is extended with one year. The term and should to expire on 31 of December 2010. Now there is extension of 1 year to 31st of December 2011. The period for re-registration have been continued on 30.12.2010 because the congestion of the tax register.
More information you can read bellow:
If you have open company in Bulgaria and own property or through a registered company the Bulgarian government now requires that you re-register the company by the end of 2011 only if your Bulgarian Company was created prior to January 2008.
Failure to re-register will result in the loss of the company and its assets (property, land etc.) and you will also incur a fine and will have to pay for the procedure to close the company. This could result in the company be broken down and sold off and may still be in the situation of owing money to the Bulgarian Government, which may follow you to your residential address.
Your company registration process can start either from abroad or when you come in Bulgaria. Just let us know the way that you prefer. You can give a Power of Attorney for the re- registration to us or our lawyer and we will sign the necessary documents on your behalf.
The Law also request that all Bulgarian companies, no matter whether they are trading or not, publish their financial reports in the online register, starting from the reports for 2007. This should be done within 2 months after their company re- registration. This is also something that we or our lawyer can do for our clients.
Our advice is if you have a company in Bulgaria, not to wait till the last minute, but organize your company registration. Our lawyer will be ready to help you go through the whole process and act on your behalf.
Some of our clients already did the re- registration, so don’t wait till the last minute.
If you have any question , do not hesitate to contact us on:
office@bestbulgarianestates.com
skype:bulgarianproperties4all
28
Sep. 2010 Bulgarian Real Estate marker more attractive because the falling property prices The prices of Bulgarian Real Estates are experiencing significant fall. This will help clients who are looking to buy property in Bulgaria. It doesn’t matter in which region: Varna, Dobrich, Burgas, Stara Zagora, Sofia or Pleven they will find a bargain.
As well as providing good value of the real estates, Bulgaria is also a popular destination with property buyers and tourists.
In the ranking in Prime Location’s top ten searched- for countries by UK residents, Bulgaria is taking place.
According to research from Colliers international, some regions in Bulgaria have seen prices drop as much as 19% year-one-year and when coupled with the strength of sterling against the Bulgarian lev, this creates a real opportunity for investors.
Bulgarian real estates building permits increased by 46%, while actual constructions of properties in Bulgaria rose by 70%.
It was recently reported that clients looking to buy real estate in Bulgaria may soon have more choice with figures from the National Statistics Institute highlighting that the property construction industry rose 46% in the second quarter of 2010.
03
Sep. 2010 Property prices in Bulgaria slid by 0.8 per cent Property prices in Bulgaria slid by 0.8 per cent between April and July compared with the previous quarter, the National Statistical Institute (NSI) said.
On an annual basis, the prices of Bulgarian properties have decreased by 9.7 per cent, according to the most recent statistics.
Bulgarian homes were selling for an average of 971 leva a sq m in the second quarter, the highest in Varna (1594 leva a sq m), followed by Sofia (1558 leva a sq m) and Bourgas (1231 leva a sq m). The least expensive dwellings were in Kyustendil, at 569 leva a sq m.
The second quarter saw declines in 13 cities and towns in Bulgaria, the sharpest in Gabrovo (-8.3 per cent), Shoumen (-7.8 per cent) and Vratsa (-6.9 per cent).
Home prices in Sofia remained unchanged and increased in 15 cities and towns.
The most interesting destination for searching Bulgarian properties remain the sea cities: Varna, Bourgas and Dobrcih and the nearest villages as well.
A big rise of Russian investment in Bulgarian real estates along the Black Sea coast has been reported.
Russians generally tend to choose properties along the Bulgarian mountains or large resorts on the coast, but they also settle occasionally for a quiet, rural way of life in small Bulgarian villages
Sourse:Dnevnik.bg
25
Jun. 2010 Re-registration Bulgarian Company If you have open company in Bulgaria and own property or through a registered company the Bulgarian government now requires that you re-register the company by the end of 2010 only if your Bulgarian Company was created prior to January 2008.
Failure to re-register will result in the loss of the company and its assets (property, land etc.) and you will also incur a fine and will have to pay for the procedure to close the company. This could result in the company be broken down and sold off and may still be in the situation of owing money to the Bulgarian Government, which may follow you to your residential address.
Your company registration process can start either from abroad or when you come in Bulgaria. Just let us know the way that you prefer. You can give a Power of Attorney for the re- registration to us or our lawyer and we will sign the necessary documents on your behalf.
The Law also request that all Bulgarian companies, no matter whether they are trading or not, publish their financial reports in the online register, starting from the reports for 2007. This should be done within 2 months after their company re- registration.. This is also something that we or our lawyer can do for our clients.
Our advice is if you have a company in Bulgaria, not to wait till the last minute, but organize your company registration. Our lawyer will be ready to help you go through the whole process and act on your behalf.
29
Mar. 2010 Bulgarian Real Estate prices continued uncertainty According our Bulgarian property market research and contacted with real estate agencies we found that the global economic downturn will have a positive effect on the Bulgarian market in 2010.
The prospective buyers of second home in Bulgaria or a flat will benefit from the crunch, and collapse in prices, and will be able to secure a good deal. Accordingly this will make the real estate market considerably more flexible that it was in 2009. In the last quarter of 2009 were processed more deals. The stimulus has come from real estate losing an average of 20% of its value.
According to analytics to another real estate agency the housing property prices in Bulgaria will hit rock bottom by the middle of 2010. Before picking up the prices will stabilize and rising again is expecting at the end of 2010 at least with 10%.
The port city of Bourgas topped the chart with 155 new buildings approved, followed by Sofia with 150 and Plovdiv with 143. The most Bulgarian apartments, however, would be built in Sofia-773, followed by varna-604.
16
Feb. 2010 Real estate market in 2010 in Bulgaria could become more flexible as prices dip further Overall, real estate in Bulgaria lost around 20 per cent of its value in 2009, according to the NSI research. In the fourth quarter of 2009 alone, levels dropped in 16 municipalities across the country, the steepest of which, 6.4 per cent, was in the northern city of Pleven.
While real estate prices decreased on all fronts across Bulgaria during the year, as a direct impact of the global economic downturn, properties in Varna were offered for as much as 1686 leva for a sq m, Dnevnik reported.
Bulgaria's Black Sea port city of Varna was home to the most expensive real estate in 2009, data from the National Statistics Institute (NSI) revealed on January 25 2010.
Sofia came in second with 1585 leva for a sq m, followed by Bourgas with 1360 leva for a sq m.
However, the real worth of property in Bulgaria is somewhat difficult to calculate. While the economic crisis has undoubtedly taken its toll on the industry, the widespread practice of declaring a figure different from the actual appraised value during a transaction means that real estate pricing is hard to regulate.
Value of real estate in Bulgaria was expected to decline by another 10 per cent on average by July 2010.
The ongoing drop in value in the first half of the year was expected to be succeeded by "stabilization in the market" in Bulgaria in the second half.
For 2010, however, experts believed that there would be an increase of demand in the market as well as greater flexibility given the lower prices, and investors were said to be "willing to negotiate," Dnevnik reported.