House For Sale - ID 68

34% Increase Of Real Estate In Sofia 04/09/2008
The price of houses and apartments increased by 34% in Sofia, although they are lower than the average levels in the region, ProntoSofia writes referring to information of the Italian weekly Economy.According to the issue the average price of square meter is 900-3000 Euro. The magazine describes the real estate deals in Bansko, candidate for the Winter Olympics in 2014, as "very interesting".Buyer expenses vary between 23,45 and 25,1% (agencies' commissions, notary, VAT, municipal tax). Purchase and resale cost about 24,7%-26,6%, the issue claims. It reminds that people that are not residents of Bulgaria still cannot buy land terrains.In the first half of the year the quantity of real estate, bought by Italians has increased by 16,7% compared to last year. Taking the average price of... more

Real Estate Tax May Increase By 50% 09/10/2008
The tax on real estate may increase by 50% from next year.This will become reality if the municipalities continue to determine the tax in the same way - on the basis of the tax evaluation of real estate, BNR announces.The Ministry of Finances offers from next year tax evaluation to increase by 50%. So that the real estate tax does not increase automatically, as well as other taxes on acquiring real estate, financiers offer that municipalities change the formula for calculation as the weight of the tax assessment is decreased.For example, on the real estate tax the size to become 1-2 permille and not 1,5-3, as it is now. Each municipal council must determine local taxes by the end of 2009. It is up to the municipality to determine whether to increase taxes and respectively change the... more