Veliko Tarnovo Properties for sale

In these days of low interest rates, many more people take out a mortgage in order to buy a property abroad. If the property is viewed simply as an investment, a mortgage allows you to increase your benefit from the capital growth of property by leveraging the property investment. If you buy a house for €200,000 and it increases in value by €50,000, it has yielded a 25 per cent return on your investment. If you had only put in €50,000 of your own money and borrowed the other €150,000, then the increase in value represents a return of 100 percent on your investment. As long as the rate of increase in the value of the property is more than the mortgage rate or costs, you have gained.

As mentioned previously, the cost of building works in Bulgaria is higher than people initially expect, and prices are set to increase further. What follows is a breakdown of some of the current costs to carry out works in the VelikoTurnovo region. You will find that in other regions, such as Sofia and along the coast, prices will be higher. These prices have been provided by Best Bulgarian Properties Ltd.

Many people buy property because they want to live abroad. Some wish to escape the stresses of Britain, others to gain further skills abroad and perhaps start a business, and others to retire or take a year or two out. It is remarkable how many foreigners arrive in Bulgaria with one-year contracts and end up staying and buying a home, and often getting married or integrating into the local community.

Bulgaria has gone through a great transition since the end of Communism in 1989, known locally as ‘the Changes’. Since ‘the Changes’, people in the new democratic society have been debating what from the past they should retain, and what they should discard. Many of’the Changes’ were conditional for EU accession.They included a move from [...]

The rise of the Bulgarian property market has been one of the most remarkable real estate phenomena ofthepastfewyears.lt has come about for two reasons - the collapse of Communist regimes in Eastern Europe, and the massive growth in the overseas property market. The former has opened up a hitherto unknown country to reveal one of [...]

The preferences of the clients are relocated into homes and offices far from the center of the big cities. The overbuilding of the central parts in the big cities brought certain loss of interest from the candidates to own real estates. At the same time the interest in the peripheral parts of the city has [...]

Orchid Developments Group won the award for an investor of the year in the building business. The prestigious award was accepted by the project advisor Eli Egozi during the ceremony for “Person of the year”. “We are very happy for this acknowledgment”, shared Eli Egozi and she didn`t hide the fact that they have intentions for [...]

The beautiful ancient cities of Bulgaria are now enjoying a great number for tourists and travelers from across the globe, but most of these are coming mostly because of the unique ski, spa and Black Sea resorts. Bulgaria offers some of the most exciting destinations for tourists looking to enjoy a vacation for less in Europe, [...]

Are you a wealthy individual looking to make your budget for overseas property go further, or someone who thinks that owning a holiday property is an impossible dream? In either case, with the power of fractional ownership you can make it happen says Neil Robertson.

For example, luxury estate agent EUPP in London, are marketing a superb 11-bed villa on the French Riviera for 31,000,000! How many people are there in the world that could spend 31,000,000 on a holiday home? Probably more than one might imagine, but Im certainly not amongst them! Properties of this type are the luxury privilege of pop stars and oil barons, or are they?

Just imagine if this property were to be bought jointly by a large number of people, who were interested in a taste of unique luxury once in a while. Buying a share that would entitle a joint-owner to 1 week every two years would cost 28,000, or 310,000 for sole use of all 11 bedrooms! Not cheap certainly, but within the reach of many more people.

But fractional ownership isnt just about making the luxurious achievable, it can also bring the dream of owning a holiday home within the reach of people on modest incomes. Homes in Bulgaria are cheap (when compared to Western Europe/USA) but at a minimum of around 20,000 are still out of reach for many people. However if you were to buy with 10 other people then that would be only 2,000 per share! Each 10th share would entitle you to spend 5 weeks every year at the property.

Isnt this just timeshare? Well no, in each case the joint owners would own their own fraction of the freehold. If the property were to be valued periodically and the joint-owners were offered the chance of exchanging their share for the full market value of it then they could benefit from any increase in value.

Why stop at property! Shared ownership can be applied to many other leisure assets, e.g. yachts, planes, prestige cars, motorhomes etc. etc. The possibilities are endless.

Submitted by: Neil Robertson

ECE Projectmanagement Bulgaria, the Bulgarian arm of German developer ECE, will shortly launch construction on its 40storey Europe Tower, company manager Plamen Ilchev told Mediapool.bg.