Regulated Plot On The Highway - ID 2611

Fairplay Properties Reit Borrows Money For Buying Plots In Sofia 03/04/2008
FairPlay Properties real estate investment trust (REIT), part of FairPlay International Jsc, has signed three loan agreements to secure cash for the purchase of land plots in Sofia residential district Studentski Grad, Dnevnik daily reported. Two of the contracted amounts are investment loans, amounting to 3.75 million euro and  1.35 million euro, while the third is a 1.14 million euro revolving credit. The company is considering buying four adjacent properties in Studentski Grad for the development of a residential and office scheme. The deal will probably be finalised by mid-April, Dnevnik wrote. The cost of the residential development is estimated at 22 million leva. It should be completed by the end of 2009. Investment in the office building will total 35 million leva. In... more

Expats Need Financial Advice 11/04/2008
People who are preparing to buy property overseas have been advised to get expert advice about their finances. ShelterOffshore.com said it would be prudent for prospective expatriates to make sure they are familiar with how living abroad will affect financial matters such as tax payments and pensions. The website stated that if people are concerned or unsure about any of these issues, they should consult a professional. This was said to be particularly important for older people who have decided to spend their retirement years overseas. ShelterOffshore.com said that since they will not be working in their new home, they need to actively demonstrate to the Inland Revenue that they are now permanent residents of another country. The website commented: "You have to ensure you... more