22.07.2009

Dear Property Investor,

 

Yet again I would like to thank you for your valuable time you're spending reading our newsletter.

 

We're welcoming all your comments and suggestions on this free property newsletter service. Our aim is to help you make your investment in Bulgaria most profitable and easy.

 

 

 

Today's Topics (July 22, 2009)

 

Bulgaria Ranked 4th Top Real Estate Investment Destination Globally
Bulgaria has been ranked as the fourth top destination for real estate investments globally in a survey of the properties website Simplyzigzag.de........[more]

 

Experts Recommend Buy to Let for Properties in Bulgaria
The prices of the residential properties in Bulgaria are going down faster than the rents, so experts recommend buy to let.......[more]

 

Bulgaria Property Market Favors Motivated Sellers
80% of the real estate sales of residential properties during the first half of 2009 involved finished units.......[more]

 

Today's Special

 

Designer's Apartment Featured On BravaCasa Magazine Could Be Yours Now
High-end 100% unique designer's apartment with very attractive location in the most prestigious residential suburb of Sofia (Bulgaria Boulevard, next to Festa Barcelo Hotel).......[more]

 

 

 

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Should you need any further information on Bulgaria and/or property investment please do not hesitate to contact Properties in Bulgaria.

 

 

Sincerely yours,

 

 

Nick Lavtchiev, MSc.

Properties in Bulgaria Managing Director

 

4th Floor, 16 Sv. Nedelya Sqr.
BG-1000 Sofia, Bulgaria

T: +359(0)2 9862863

F: +359(0)2 9861743

W: propertiesinbulgaria.com

 

 

 


Bulgaria Ranked 4th Top Real Estate Investment Destination Globally
June 23, 2009

Photo by simplyzigzag.comBulgaria has been ranked as the fourth top destination for real estate investments globally in a survey of the properties website Simplyzigzag.de.


The survey has researched the opinion of foreign investors about the most appropriate country for purchasing real estate property at the present moment, the Pari Daily has reported.


The ranking is topped by Iraq with 44,6% of the respondents; Croatia is second with 17,9%, followed by Costa Rica with 16,1%.


Bulgaria is ranked fourth with 12,5%. It is followed by Romania with 8,9%.

 

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Experts Recommend Buy to Let for Properties in Bulgaria
July 22, 2009

 

Photo by money.ibox.bg The prices of the residential properties in Bulgaria are going down faster than the rents, so experts recommend buy to let.

This is what the credit institution, Creditex, reported based on information provided by real estate agents, the Pari Daily announced.

According to Creditex experts, the co-relation between both prices is important reference point for the Bulgarian real estates market. The average current residential properties profitability is 4,5% in the first half of 2009, while in the last six months of 2008 it was 4,1%.

The redeemability of such investment is measure through the so called "gross rental multiplier". It shows the number of month rents, by which the investment will be returned. The lower the index is, the better the redeemability is, and the faster the investment will be returned.

The index for the first six months of 2009 is 209,4 months - a decrease from 237,3 months in the second half of 2008.

The reasons for the increasing redeemability of residential properties are the lack of adequate financing from the financial institutions, which makes the prices go down, and the rise of the interest towards renting apartments, instead of buying them.

The increase of the current residential properties profitability since the beginning of 2009 shows that the most critical moment of the real estate crisis is may be passing, and the first signs of realties market recovery and stabilization are appearing, experts form Creditex commented.

Creditex is non-bank, financial institution, specialized in business mortgage crediting, which has been on the market five year now. It is part of the registered in Holland, TBI Financial Services B.V.

 

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Bulgaria Property Market Favors Motivated Sellers

July 15, 2009

 

Photo by Sofia Photo Agency80% of the real estate sales of residential properties during the first half of 2009 involved finished units.


A two-bedroom apartment priced below BGN 50 000 sold the fastest while owners of a three-bedroom one in an area with active construction waited two to three months and in most case had to lower the initial asking price.


The data belongs to the brokerage agency Address and is based on sales in the moths of May and June because in the first 4 months of 2009, real estate activity had been so insignificant it had been impossible to define any particular trends.


According to the agency the prices have dropped to their realistic levels without collapsing.


The price reduction of residential properties is 23% average for the entire country while in some areas of the biggest cities housing has been so overpriced that the cost is down by over 30%.

"There is still a market for the motivated seller," Address concludes.

 

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Designer's Apartment Featured On BravaCasa Magazine Could Be Yours Now

July 22, 2009

 

Photo by propertiesinbulgaria.com High-end 100% unique designer's apartment (featured on June issue of BravaCasa Bulgaria) with very attractive location in the most prestigious residential suburb of Sofia (Bulgaria Boulevard, next to Festa Barcelo Hotel).

 

The apartment is situated on the fifth floor of a new modern building.

It is a spacious 100 m2 open-plan apartment (13.33 m in length!) - completely fitted and furnished with custom-made designer furniture and high-end appliances (white and black), having private garage.

The balcony faces South with panoramic views to the Vitosha Mountain.

 

Please contact us for full details on the above designer's apartment for sale.

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*The above information courtesy of novinite.com and propertiesinbulgaria.com

 


 

     
 

16 Sveta Nedelya Sqr, 4th Floor, 1000 Sofia, Bulgaria
t: +359(0)2 9862863 | f: +359(0)2 9861743
e:
[email protected] | w: propertiesinbulgaria.com