Bulgaria - Still A Great Place To spend

Bay Patio - Bulgaria - Still A Great Place To spend

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One country more than any other, took its occasion to step out of the shadow from the iron curtain during the last asset boom and accumulate its own identity. Bulgaria offers rich character fused by thousands of years of both east and west influences, combined with a new found reliance in its own value as a beautiful country that can offer skiing, climbing, countryside and horse riding, alongside first class beach holidays, great food, wine and a rich seasonal climate, all helping to ensure this country became the European runaway hit of the last decade.

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It's true that most tourists holidaying in Bulgaria are attracted to the Black Sea coast, which now boasts a similar appeal to that Spain once had during its initial days of growth, attracting tourists back in the 1970's. There has been an infectious energy along the Bulgarian coastline due to a new found feeling of prosperity caused by the free market and like the Spanish, the commercial undertaking of catering to tourism is something that the Bulgarians do so simply and very well indeed.

The asset boom on the coast has been staggering, the expanse of construction developments and construction work went from a standing start to the kind of speed of enlarge that has not been seen everywhere else in Europe for a long time. Managing to attract tourists and asset buyers from all over Europe, due to the country's proximity to both east and west, Bulgaria has now come to be a package holiday Mecca, as there are many huge purpose built resorts that cater for the one stop clarification summer vacation.

The city of Varna is the maritime capital of Bulgaria and is unofficially also considered to be the capital of the south. Varna has undergone somewhat of a transformation over the last ten years, as much of the money made along the coastline has its enterprise roots in this city. As such, this is one of the fastest growing cities in Bulgaria, gift both holiday resorts and a working port alongside much culture and nightlife.

For those travelers wishing to combine their sun and sea with more cultural leanings, there are many beautiful small beaches and bays, with idyllic guest houses off the beaten track. Also favorite with the more discerning tourist are the Burgas Lakes, an attraction for bird lovers due to the many rare birds that are found there. There are many historic towns in Bulgaria, along with the well loved towns of Nesebar and Sozopol. These old towns feel like stepping back into the past with their olde worlde charm and character. Here you will find overwhelming customary home made foods consisting of some tasty meat and vegetable stews such as Kavarma and Kyuvech. Kyufteta is Bulgaria's write back to meatballs and hamburgers, also a Bulgarian spicy sausage kebab known as Kebapcheta. As you can imagine, there are many good beers to pick from and Bulgarian wine is now well respected colse to the world.

When going slightly inland, thankfully much of the country is still largely untouched and unvisited. There are some overwhelming hiking trails and horse riding is very favorite as a way to relax and discover the beautiful countryside and wildlife, along with rare birds, lynx and bears. For those on a budget, thankfully Bulgaria has very good and affordable communal transport to help travelers move in the middle of cities and into the countryside.

Also for those less concerned in beaches, there is Sofia, the official capital of Bulgaria. Sofia is a overwhelming city characterized by its various architectural roots, both first-rate European and communist style buildings. Well known for its beautiful scenery, Sofia boasts at least thirteen main museums, four major art galleries, plus many other historic structure and aged churches all open to the public. Sofia is a amiable city that feels somewhat more relaxed than Varna in the south. Yet still adolescent and vibrant, Sofia is a more laid back cultural café society, where coffee can be enjoyed on the many sunny café patios and the hours can be whiled away with that ever favorite pastime of people watching. Sofia is a city reinventing itself after many oppressive years of communist rule and makes for a superb city break destination.

Just 10km from Sofia is Vitosha mountain ski resort, the highest in Bulgaria at 1800m above sea level. Bulgaria is a favorite European destination for skiing gift many various resorts for the discerning ski fan such as Borovets, Pamporovo, Bansko, Chepelare and Malyovitsa to name a few, with time to come planning for more developments along the Balkan mountain range.

Although Bulgaria has experienced an expected ascent as a major tourist destination for both holiday makers and those looking to buy asset and stay in the country long term, that current rate of increase has lately been forced to slow down due to the worldwide recession. However, Bulgaria has no plans to rest on its laurels and improvement is lasting throughout the country. The combined military of a country with both ski and sun, good infrastructure, central European location and very cheap property, are the elements that brought Bulgaria to everyone's attention.

Although prices have raised in some parts, on the whole Bulgaria is still very contentious for asset prices. All across the country, rural houses can be bought for as exiguous as €5,000 however, most of these properties are in serious need of renovation. On a more key ready level, a 2 bed rural property, surface of the main cities can be purchased for as exiguous as €25,000. For the same price of €25,000 new build coastal apartments can be found in Varna. There has been an exertion to try and raise the prices of Bulgarian developments, however, due to the current stiff competition in the global asset market, it's the economy properties that are still attracting international asset buyers.

Before looking for your excellent asset its worth bearing in mind the following tips.

• When purchasing asset in Bulgaria, it is the buyer who must pay the agents commission, which can vary from in the middle of 3% and 5% of the asset value.

• It is foremost to account for with the agent if there is a daily charge rate for their services, as is often common convention in Bulgaria. An agent's daily charge rate can be in the middle of €50 and €100 euros a day, however, it is approved that this fee is deducted from the agents commission, should you buy a asset from them.

• If the asset also has land, the buyer will need to form a exiguous enterprise within Bulgaria as sole owner/director, as it is not permitted for individuals surface of the country to own land. This will cost €1,800 for a deposit and a base level of €2,500 into the clubs bank account. Once the enterprise has been set up, monies deposited can then be withdrawn.

• Lawyers fees regularly cost approximately 1% depending on how much they are needed, but drawing up contracts and registering new rights regularly falls within this price.

• Notary fees for the witnessing of the replacement of title is approximately €300.

• Land Registry or asset Tax is 0.15% of the asset value.

• State or local tax will be in the middle of 2% and 4% of the value, depending on the properties location.

• Other costs are to be considered, such as surveyors fees and translation fees. Having said this, a good reputable agent will regularly speak at least English as well, so inspecting their daily charges, it is to be expected that they should help as much as possible.

• asset agents are not required to be licensed in Bulgaria, so it is famed that agents should be researched well before being hired. Enquire as to their qualifications and respectable trading history. during the last 10 years many fly by night agents have cropped up, but with a exiguous common sense and due diligence, it is easy to distinguish a professional.

Although prices have risen since the customary boom (their currency is pegged to the Euro) Bulgaria is still an affordable place to find a great holiday apartment or second home. As with anywhere, when purchasing asset it is de facto foremost to go at your own pace and ensure you have a trusted team colse to you. The hiring of a good lawyer and estate agent is vital and can be the divergence in the middle of a overwhelming experience or a disastrous one.

Bulgaria is a overwhelming country with rich history and geography, gift both sun and snow, expected nightlife, cultured cities, beautiful countryside and rare wildlife. Truly a destination gift something for everyone and with such great value, Bulgaria is still a whole one place to invest.

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