Bulgarian Property News and Articles
Under certain circumstances the principal may be liable to the third person for the torts or crimes of the agent or employee. Assume that an agent or an employee causes harm to a third person. Is the principal or employer liable for this conduct? If the conduct constitutes a crime, can the... more
Early 20th century Bulgaria had a reputation as an early adopter of cutting edge technology, being a paramount figure for whole of Europe. Electrifying its capitol and implementing a public transportation system relying on electricity. Dropping telegraph machines in favor of telephone landlines.... more
What happens to contracts once they are created? In most cases they are performed. But how we know when the performance is good enough? For example, in a construction contract that specifies a certain type of plumbing type, does another equally functioning pipe satisfy the contract? The courts... more
Classification of property is important in property law; however it is equally important to appreciate that classification of property in one era of time is not necessarily the same as that in another. In other words, the idea and nature of property change from one period of time to another. Any... more
In the past few years a number of people from various parts of the world started to look at our pretty, small country in a different way; Some chose it for their place for recreation; others liked it better as their second home; yet others recognized it as an appropriate place for investment.... more
Practically every personal business activity involves a contract; the purchase of a color TV , the renting of an apartment , buying a property. In each transaction relating to the acquisition of raw materials, their manufacture, and the distribution of the finished product by business, there... more
A sale is a voluntary transaction between two parties. Accordingly, most of the principles that apply to contractual agreements in general are equally applicable to a sale of goods.Modern marketing practices have modified the strict principles of contract law, and this approach is carried into... more
Conceptualizing property as a dynamic concept presupposes that property law is also dynamic, or, in other words capable of adapting to changes in the property relationship. If we are to say that the nature of property changes with time, we are also saying that the law changes in order to... more
One of the earliest justifications for private property is contained in what has been called the occupation theory. This theory attempts to answer the relatively simple question of how things become the subject-matter of private ownership. It is taken for granted that things are ours because... more
Sofia The country’s capital, Sofia has around 1.2 million inhabitants but that number is constantly growing as the unemployed from the countryside move here looking for work.Most of that population lives in the ugly concrete tower blocks that make up Sofia’s outlying districts. New... more
Are you bored with city life or you just want to relax near some lake or river? Fishing and hunting are the world’s most popular hobbies and are means of recreation and relaxation. They provide an opportunity to get away from the anxiety and stresses of the big city.Bulgaria is the grace haven... more
In its May issue MANAGER magazine in Bulgaria has published a comment what is the reason for which the cost for business in Bulgaria is one of the lowest. Here is part of it . The cost of Business in Bulgaria is among the lowest in the world and this is one of the reasons for increasing foreign... more
The type of building you can build on a plot (height restrictions, size, distance to neighbors etc.) is commonly referred to as the PUP. If the work that you intend to carry out is not permitted in the PUP then you will have to engage an architect to apply to the municipality to have the PUP... more
Browsing through property listings, one cannot help but notice that a large majority of properties for sale in Bulgaria require renovation. You will often see property in need of renovation or estate requiring modernization. With so many people... more
A picturesque small country called Bulgaria has existed for more than 13 centuries in Europe, linking the East and the West.Discover BulgariaBulgaria is situated in Southeast Europe and... more
Thousands of holiday apartments wait for their new owners.The market is abundant in offers as the traditional buyers from the UK backed off after the mortgage crisis in the Kingdom.At present real estate prices remain stable. The average percent of properties sold in holiday complexes on the... more
Everyone has seen those big run-down properties former schools or kinder gardens in the center of a pretty Bulgarian village with vast gardens of thousands of sq m. No doubt they are a promise to become spectacular new... more
Great! You have finally decided to invest in a buy-to-let property overseas. You heard that Bulgaria is the hotspot for the past few years with best return on investment and lowest prices of properties in whole European Union. You bump into one of the thousand real estate agents in Bulgaria and... more
Regarding playable days Bulgaria cannot compare to Spain, Morocco or Portugal. However setting a course in the right location and combining it with additional quality features like spa and wellness, horse-riding, tennis courts, ski and sandy beaches can turn it to much more appealing destination... more
The interest rates of mortgages for properties in Bulgaria vary from 6 to 7% - much higher than those in Spain and France. As more and more Brits are investing in Bulgaria the financial institutions and mortgage lenders are interested in expanding their business in our... more
Bulgaria has quite a relaxed attitude towards construction. There is no need to stick to a specific door color or house paint but do not fall into the trap of thinking that there are no regulations to comply with. Besides the basic regulations of Bulgaria's Building Act there are... more
Every owner of a building or a plot is obliged to pay annual property tax. In addition to the real estate tax, owners also pay waste-collection fees unless they are unsubscribed from it. Once you purchase a property in Bulgaria you have to declare it in the local Tax services. You submit a... more
Bulgaria is a much less mature market than other European property markets such as Spain. However Bulgaria has enjoyed a lot of interest recently and its tourism industry is growing at the fastest rate in Europe. Bulgaria is expected to enjoy 20 million annual tourists by 2010. While Bulgarian... more
Bulgaria has for long been the first choice destination for people looking for competitively priced ski properties. Among one of the busiest real estate markets are the ones in Bansko and Pamporovo .Still there are two... more
Prices of real estate properties in the Republic of Bulgaria have started to increase rapidly with the growing authorities of the country because of its membership in the EU. Bulgaria became open to business in many aspects and now it offers new opportunities for business and finding foreign... more
What to Expect?It is great that you have decided to buy or invest in property in Bulgaria, but you may not know what to expect. When buying in Bulgaria, you can expect a lot of things, from great priced real estate to a variety of types of real... more
A new law determines the conditions under which citizens of European Union (EU) countries, Switzerland and the European Economic Community (EEC) countries get to enter and stay in Bulgaria. The law is in force since January 1 2007. EU citizens need ID card or international passport to enter and... more
Dos Always use a reputable English speaking solicitor/lawyer This ensures the buyer will be secure in the knowledge that all of the necessary legal checks ensuring title to the property are carried out, that there are no debts against the property and if it is an off-plan or new property, the... more
We did it. We bought a derelict property in north Bulgaria over the internet from our council maisonette in Sheffield. Everyone thinks we are crazy, but at 3,900 Euros, and the cost of setting up the company ‘Maketree’ and the agent’s costs, we have spent under £5,000.... more
Let it slip into a conversation that you live in Plovdiv and the first comment you’ll generally hear would be something like “Plovdiv… lucky you!” And what is it about Plovdiv that everyone in Bulgaria seems to know and be secretly envious of? Its warm, temperate climate?... more
August is a month when things generally, well – they stopped. Cars were few and far between; businesses as well as government simply shut down for the month and the streets and shops had a noticeable absence of people. August was “the holiday month”. How things change in such... more
The relationships between workers and their employers are defined and regulated by obligatory employment contracts. There are many types of contracts; all of them have to specify the location and type of work and the salary. Usually, contracts are signed for an indefinite period of time, with the... more
As a result of Bulgaria's European Union integration process and rapid economic growth, much of the country's human resources practise has been synchronised with that of Western Europe. Still, employers in Bulgaria remain restricted by bureaucracy as far as dismissal rights are concerned. A... more
Cost of living Loaf of bread 0.30 euro Box of milk 1 l 0.75 euro Cheese 1 kg 3.50 euro Apples 1 kg 1.00 euro Potatoes 1 kg... more
- It is advisable to exchange money in a bank. Currency exchange rates in banks are sometimes lower than the ones exchange bureaus offer but you would be certain of the amount you would receive and avoid chances of being tricked. - The Bulgarian currency is the lev. When exchanging money,... more
In view of the country's upcoming European Union accession, Bulgaria has made considerable reforms in the taxation system to harmonise it with EU legislation. In 2006, the corporate tax rate remains 15 per cent. Special-purpose investment companies and companies setting up in areas with high... more
In the months of July and August, Bulgaria’s archeological sites and cultural festivals are among alternatives to baking yourself on the beach. Or perhaps you have no problem with hot weather, and would like to opt for somewhere likely to be less crowded than the sizzling sands of the Black... more
So you’ve been to Bansko in the winter. You’ve tried to walk its crowded streets and tried to find a parking space. You’ve been skiing in the day and drinking in the mehani (taverns) at night - if you found a table - and you probably think there is nothing much to do in Bansko... more
On the way to Trigrad, my friends kept telling me what a magical place it is. Apart from its beauty, whispers of ages past echo in the Rhodope Mountains, they claimed. Several times we stopped in order to show me the sights. In their enthusiasm they may not have realised that it was pitch dark,... more
A team of Bulgarian archaeologists, led by Professor Georgi Kitov, discovered a 2400-year old golden mask in the tomb of an ancient Thracian king on August 19. The mask bears the image of a human face and is made of 500 grams of solid gold, Kitov said. The discovery was made near the town of... more
Generally tales of adventure are about pirates, one-legged scalliwags, and treasure maps. However, a tale of a holiday in Chiprovtsi (near Montana) will rather resemble Robert Stevenson's Treasure Island, with the exception that it is all true. Holidaymakers and tourists will become part of the... more
The organised trip to the ancient complex of Perperikon started on a very early Saturday morning in front of the Vassil Levski National Stadium. Little did we know that it would turn into a wild run to Kurdzhali, across Kurdzhali and out of Kurdzhali, the town near Perperikon. The tour was... more
The Black Sea filled us with more dreams, more visions of more fun, more hopes for future visits, than anywhere else in Bulgaria. How could one lie on the sands of Sozopol and not wish to stay forever, to purchase a bungalow and settle down to a life of idle strolling along the ancient town's... more
A nice evening drive over the smooth road through Plovdiv ended in the town in Karlovo (144 km east of Sofia). A group of close friends invited me to spend a merry weekend with them in the birthplace of Bulgaria's greatest hero Vassil Levski (1837- 1873). Levski dedicated his life to freeing the... more
Armed with a camera, a pencil and a notebook, Clive Cooper set out to explore Sofia’s yellow brick road that runs through the area surrounding Alexander Nevski. A ‘Bulgarian virgin’, this being his first visit to the country, and having no knowledge of the language, this... more
Our Earth is an art gallery and nature never ceases to amaze. It is hard to capture the world’s amazing beauty inside four walls, but the National Museum of Natural History has done quite a good job of it. This museum displays much of Bulgaria’s raw and natural beauty along with... more
It's a pleasant surprise how venturing a mere 20 minutes out of Sofia brings you into tree-covered mountains, refreshingly erasing any remnants of urban life from the landscape. There aren’t many other capital cities I’ve been to from which you can escape the bright lights and be amid... more
About 140 km southeast of Sofia, outside of the town of Starosel, Bulgaria, sits an impressive Thracian shrine known as the Chetinyova Mogila (mogila). Formed in the shape of a hill, the mogila has a grand view of the Pyasuchnik River Valley and is clearly the effort of powerful king. Some... more
With icy streams gurgling through lush tree-covered mountains, it’s easy to see why Ivan Rilski chose the Rila mountains to lead his hermetic life. Our accommodation was a notch up from Rilski’s cave, but only just. Organised as ever, we had completely failed to book anything in... more
In spite of its proximity to the overcrowded winter resort Borovets and the town of Samokov, the village of Beli Iskar still retains its quiet beauty and blissful peace and the feeling of being somewhere far, far away. Until it becomes part of the Super Borovets resort, a time that is fast... more
The Irish tourist with whom I was sharing lunch had a gleam of happy enthusiasm in her eye.We were having lunch a short falling distance from the beginner’s slopes in Pamporovo, while her husband and my wife were off further up Snezhanka peak, skiing on slopes appropriate to their... more
Treasure hunters, archaeologists and ancient treasures. It sounds like the makings of an Indiana Jones film, but this adventure is taking place right here in Bulgaria, right now. The past two years have seen a wealth of treasures unearthed dating back to the times of the Thracians, who inhabited... more
It’s pure luxury, after a 10 km drive from Sofia you are in winter wonderland, a.k.a. Vitosha Mountain. On one cold Sunday afternoon I decided to make my way up, and see for myself. Slowly but surely the car made its way through Dragalevtsi, up the mountain. The road going up was covered... more
Clinging steadfastly to the cliff on which I’m perched, I daringly peer over my shoulder, little trusting the pieces of wood that hold my life in their hands. Should I fall, there’s a deadly waterslide waiting to catch me, a thrilling but perilous ride that would dash my body numerous... more
There are abandoned playgrounds all over Radomir, though it is not a childless town. When I visited on a Sunday afternoon, there were a few children out riding bicycles and a few others walking with their parents, but most, as I could tell from the noise coming from the apartment buildings, were... more
Sliven and Yambol occupy a grey zone for most expats in Bulgaria. Far from the ski resorts in the mountains and just outside the area marked as the seaside, few foreigners have reason to venture to the two cities. They’re working towns. Regular people live there, the kind that get up and go... more
Our car has broken down. I’d never thought I’d make a problem out it, but travelling to Plovdiv by Public Transport didn’t seem very appealing to me. Visions of smelly villagers, with bags and boxes containing food that would dominate any other kind of odour, were pestering me.... more
“Spring had arrived, at last!” Or so I mistakenly thought a number of times when I caught glimpses of the early March sun, or leapt puddles formed by snowmelt through Sofia’s streets. But winter was not done yet, its talons firmly drawing back the cover of cloud and snow that... more
A little late in the year for the seaside, somewhat too early for the ski resorts; if you are drinking white wine or mastika, it is because you do not want summer’s warming embrace to slip away; if you are drinking red wine or dark beer, you long to sense the icy overture to winter. I... more
Snowshoeing in the Rila Mountains sounded like just what the doctor ordered, after a bout of very nasty flu in January left me with the winter blues.The offer came from Odysseia In, the best known name in alternative tourism in Bulgaria, which was hosting one of its regular journalists’... more
Sofia is not Bulgaria, it is often said, and there is little question that interest in spending some time in villages is growing both among foreign tourists, and people resident in the country, keen to sample something of the quiet, the atmosphere, and the cuisine that gives a pointer to... more
Sofia is big, enough and not too. Depending on whom you ask, it’s either a charming, if somewhat decrepit, Southeast European former communist capital, or a somewhat large city that is trying to find its place, or, it's just perfect. Most foreigners like it here, otherwise they would not... more
Formerly renowned as a happy hunting ground for location scouts for the Bulgarian film industry, the village of Kovachevitsa is transforming itself for tourists thanks to an initiative launched in 2002. A non-profit organisation, the Historical and Architectural Reserve Village Kovachevitsa... more
Tourism is big business in Bulgaria, and the Black Sea coast is booming. But as seaside villages disappear under a plethora of hotels and tourists complain about the ubiquitous construction works, the industry could be in danger of becoming a victim of its own success. Conservation and... more
Bozhentsi The architectural reserve of Bozhentsi is located 16km to the north-east from Gabrovo, through the village of Kmetovtsi. The reserve consists of nearly 100 18th century Bulgarian Revival houses beyond which lies only forest. Beware that a couvert charge to enter the village may be... more
Karlovo was the home of Levski. Need I say more to establish the town’s place in Bulgaria’s heartland? If you are interested in the real Bulgaria, you must journey to the homestead of the nation’s most beloved founding father. Because of his dauntless courage, Levski was called... more
Here are some interesting and unusual places you could visit during the holiday. In case you don't have the possibility for a real vacation and all you need is to escape from the city for a couple of hours, restaurant touring will do the trick. All you need is your car, a little gasoline and good... more
A game that has been existing for at least six centuries and has almost 100 million followers all over the world, still hasn't gained popularity in Bulgaria. There are three functioning golf courses – two in Ihtiman and Sliven – both of which are property of Air Sofia, and one course... more
Bulgaria has reformatted significantly its taxation system to harmonise it with EU legislation.The tax year begins on January 1 and ends on December 31.Corporate taxIn 2006 Bulgaria’s Cabinet decided to decrease the corporate tax rate for 2007 to 10 per cent. Local and foreign companies... more
The two most preferred forms of carrying out business in Bulgaria are with a joint-stock company (AD) or a limited-liability company (OOD). Both types of companies develop their capital by individual shareholder contributions. Unlike the OOD shares, AD shares are not attributed to individuals and... more
One of the biggest and most problematic deals of 2006 was the privatisation of Boyana Film Studios. The company was bought by the American Nu Image for 12.224 million leva. The privatisation contract also included additional 30 million leva of investment. Boyana Film Studios appealed the deal and... more
Credit expansion remains a serious problem of the Bulgarian banking sector. The loan increase has caused concerns to the International Monetary Fund (IMF) and the World Bank. In 2006 the IMF has agreed only to partial removal of the imposed credit limitations. Loan restrictions were imposed... more
In 2003 Bulgaria introduced the International Financial Reporting Standards (IFRS) and all companies registered in the country are required to use them for their consolidated financial statements.Investors in Bulgaria should have in mind that since 2005, International Accounting Standards (IASs)... more
Tourism is one of the most thriving and, yet most problematic, business sectors in Bulgaria. The greatest challenge the country faces is finding ways to make the utmost use of its unique tourism resources. Bulgaria provides first-class mountain and sea resorts, but because of poor marketing the... more
Buying an apartment for an office and/or dwelling purposes in Bulgaria should NOT be different than buying of an apartment elsewhere in Europe. However, things are not as easy and as straightforward as one might think. In practical terms, the deal should take place within the following... more
EnvironmentEveryone is into Bulgarian real estate these days. The market reached incredible heights in 2005 and 2006, boosted by foreign interest and by the increased purchasing power of Bulgarians due to the increased availability of mortgage loans. Hundreds of agencies have sprung up, not just... more
Regulations Road signs and driving regulations in Bulgaria follow international standards, though some signs might be missing in villages and on rural roadsForeign citizens may drive in Bulgaria using foreign driving licenses for up to one year after entering Bulgaria. After the end of that... more
Agriculture was Bulgaria’s leading economic sector during the communist era. The restitution of property, however, led to the fragmentation of the land and a consequent crisis in the sector. Now, with the help of SAPARD funds and the active government policy, agriculture is gradually being... more
The eastern Bulgarian border is washed by the Black Sea- a 380 km stretch of marvelous sandy beaches, rocky coves, calm and safe sea, clear water and healthy fresh air, fine gold sand and natural dunes, mineral water springs, holiday villages and campsites. The average temperature in the summer... more
The margins and the purpose of agricultural land in the building borders of a settlement are defined by detailed structural plan or the so called PUP. Adding agricultural piece of land in those plans is possible after a procedure for changing... more
The prices of luxury properties in Bulgaria are still among the lowest in Europe. However, as a European Union capital Sofia will take part in the luxury real estate market. Little research shows that most of the luxury real estate deals are either in the capital, sea or winter resorts. True... more
Invest in property in Bulgaria Bulgaria remains the runaway leader in eastern Europe. The country presently produces an average of 84 per cent return on capital investment, well... more
Investing in Bulgarian Land GuideThere is a lot that goes into buying land in Bulgaria, more so if you are a foreigner. There are many things that need to be taken into consideration when buying land. The land in Bulgaria is as beautiful as it is... more
When you are buying property anywhere the first thing you might ask yourself is why here. So, right now you may be asking yourself, "why Bulgaria?". This is a valid question and can be easily answered if you just take the time to
It can be long and tedious search to find a good real estate agency no matter where you are. This can be true for finding a real estate agent in Bulgaria. One of the things that make finding a real estate agent in Bulgaria harder is trying to find one, who speaks English if you are not fluent in... more
This week we are able to offer you over 40 new properties in Bulgaria for sale at Best Bulgarian Properties!Cheap Bulgarian Properties If you are looking for an excellent investment... more
Several years back, the answer to the question "Who invest in Bulgarian property?" would have been very simple. The Bulgarian property market was mainly invaded by Britons. And that was normal - it is the UK stock market, which is most developed in... more
This week there are over 20 new excellent properties at BestBGProperties.Cheapest Property OffersThe cheapest offer at BestBGProperties is a house near Montana. The house is located in a Montana... more
Tourism is a profitable economy sector for any country, state, city, town, or village. Bulgaria is a popular holiday destination because tourists can come to Bulgaria all year long and take a vacation. The country has beautiful beach resorts and steep ski runs for ski and snowboard lovers.... more
This week there are over 40 new property additions at BestBGProperties. Cheapest Property Offers The cheapest offer is a wonderful plot in a village near Yambol - it is a regulated... more
Cheap Bulgarian properties continue to attract investorsThe prices of real estate properties in Bulgaria have risen by over 25% since the beginning of 2007, show latest... more
There are many real estate opportunities in Bulgaria. The real estate market is in full swing and is selling for cheaper then all of Europe. This fact alone makes the investment opportunities in Bulgarian real estate an amazing thing. There are... more
Excellent choice for earning through price increase and rentsWhere else would someone consider investing in real estate but the wonderful capital of Bulgaria, Sofia? Sofia is a great city that is the largest city in Bulgaria with a population of over 1.3 million. The city of Sofia is said to set... more
The east side of Bulgaria borders with the Black Sea. Bulgaria, having the Black Sea as a coastline opens up an investment opportunity in beach resorts and the towns around them for many people interested in investing in Bulgaria. Should you take the time to look you can find many wise investment... more
Things to know before purchasing properties in Bulgaria Purchasing property anywhere can be a hassle, especially if you are a foreigner trying to purchase real estate in a foreign country, such as
Types of Bulgarian properties Apartments in Ski or Beach resorts, House or Land Bulgaria is a land full of diversity, but it is not a negative attribute. Bulgaria is diverse in its landscape, its culture, its history, and most of all, in its real estate market. Everything about Bulgaria is unique... more
Why invest in Ski and Beach Resort Properies in Bulgaria? Bulgaria is full of fresh air, beautiful coasts, and majestic mountains. Bulgaria is a place of growth in the real estate market and should be considered when anyone is ready to invest money into any real estate. Resorts are being and are... more
This week we are able to offer you over 25 new properties in Bulgaria for sale at Best Bulgarian Properties!Cheap Bulgarian Properties If you are looking for an investment in Bulgarian... more
Sozopol gives municipal plots for golf coursesPlots for three golf courses are defined in the new regulation plan of Sozopol, said the mayor of the town Panayot Reizi. Each one of them will be about 1000 dka large and predominant part of the plots is municipal property.The courses will be served... more
Every country's property market appears different from the next but most of them, excluding a handful! of exceptions, share basic similarities in their buying processesA detailed guide to the buying process in every foreign land would be as long as this handbook as each nation has its... more
Day dreaming about your I future home overseas and then sorting out the financial details of paying for and running the property are often two worlds apart.But dull as money management may seem, it's a vital part of the home buying process abroad and tends to get very interesting when you... more
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