Bulgaria Cheap Properties

In these days of low interest rates, many more people take out a mortgage in order to buy a property abroad. If the property is viewed simply as an investment, a mortgage allows you to increase your benefit from the capital growth of property by leveraging the property investment. If you buy a house for €200,000 and it increases in value by €50,000, it has yielded a 25 per cent return on your investment. If you had only put in €50,000 of your own money and borrowed the other €150,000, then the increase in value represents a return of 100 percent on your investment. As long as the rate of increase in the value of the property is more than the mortgage rate or costs, you have gained.

As mentioned previously, the cost of building works in Bulgaria is higher than people initially expect, and prices are set to increase further. What follows is a breakdown of some of the current costs to carry out works in the VelikoTurnovo region. You will find that in other regions, such as Sofia and along the coast, prices will be higher. These prices have been provided by Best Bulgarian Properties Ltd.

The new digital map of Varna has surpassed all previous errors of its kind observed in Bulgaria to date. Entire apartment blocks, constituting whole boroughs, have magically disappeared from the mapping process.

Aquamarine 2 real estate complex started construction in the Bulgarian seaside town of Obzor at the end of 2008, 100m from the coast on the south edge of the town near its predecessor, Aquamarine 1, Stroitelstvo Gradut reports.

An old piece of property, unique in style, an architectural gem, an example of true cultural and architectural heritage of the days of yore is on the road to being demolished and given way to yet another modern construction the type of construction that is appearing all over Bulgaria like a bad skin disease.This particular monument of culture is a house in the centre of Sofia, at 38 Shipka Str, which is going to be designated as a site for investment and development purposes, as indicated by a decision released by the current owner of the property, Bulgarian Construction House.

The Bulgarian real estate market is affected by the financial crunch. Prices are declining in 23 out of the 28 regions in the country, with the region of Veliko Turnovo registering a drop of 11.7 per cent, Varna a significantly smaller drop of 1.3 per cent and Sofia with 0.5 per cent. Bourgas is the only region in Bulgaria that has recorded a rise of 2.1 per cent, weekly Stroitelstvo Gradut reported on January 26 2009.

Prices of new apartments in some areas of Sofia have dropped so dramatically that they have pushed apartments in panelblocks out of the market, according to real estate agency Yavlena.

Kavarna has a new tradeadministrative complex Kavarna City Centre, which started operating from January 2009. It had taken a little more than a year for Planex OOD to reconstruct and modernise the otherwise unappealing, communistera concrete monster of a building in the centre of the town, and subsequently transform it into a modern steel and aluminiumglass structure, which has now become the new administrative and business centre of Kavarna and the surrounding region, Bulgarian weekly Strotelstvo Gradut reported on January 15.

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Bulgaria is one of the countries benefiting from a decline in the number of investors choosing to make purchases in traditional locations, it has been claimed.
Paul Dimambro of currency provider Hargreaves Lansdown explained that the weakening of the pound against the euro and dollar has…