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Join The Bulgarian Property Boom With Confidence.
By Tim Wright, Thu Dec 8th
An Irish property investor in Sydney, Australia has created aninvestment kit that provides potential buyers with all of therelevant facts, figures and information to confidently buyBulgarian property, which grew an average of 30% in 2004."Bulgarian Property - The Overseas Buyers’ Kit" contains acomplete guide to the tax and ownership laws, calculators andvarious information-gathering templates.
During a trip to Europe at the beginning of 2005 Tim Wright,creator of the kit, found that the Bulgarian property market wasa hot topic although some people showed great reluctance toinvest in an unknown market place. The package was designed toanswer potential investors questions and to provide the toolsand peace of mind to invest in the Bulgarian market. Thecalculators can be used to determine potential returns once allthe relevant initial and annual costs, such as State andMunicipal taxes, have been deducted. "Bulgarian Property - TheOverseas Buyers’ Kit" is the one-stop-shop for foreign investorswho want to buy in a high-growth market and understand all ofthe legalities and costs upfront.
The high growth in the market is expected to continue long afterBulgaria's anticipated membership to the European Union isgranted in 2007. Entry into The Bulgarian Property market isextremely low when compared with neighbouring Europeancountries. Some websites offer properties for as little as 4,500Euro. But Bulgaria is now experiencing an influx of investmentespecially into the areas of infrastructure and tourism andproperty prices are rising accordingly.
With a low cost of living, fantastic snowfields and the BlackSea along the Eastern border, Bulgaria is quickly becoming thesun and ski holiday destination of choice for many Europeans.New developments are springing up especially in the coastaltowns of Varna and Burgas, along with the ski towns of Borovetz,Bansko and Pamporovo. Many multinationals have also set-upoffices in the capital Sofia.
The Kit was created to answer the most common questions on theminds of investors concerning risk, best locations andinvestment rental returns. The package can be utilised by thoselooking to buy either a rental property or a holiday home.
The templates enable to buyer to quickly gather and organisetheir research on multiple towns, properties with the potentialrents, expenses and ultimately the rental returns, so as toleave no stone unturned when investing in a foreign propertymarket. The Kit also contains a checklist to guide the investorthrough the entire purchase process, even down to finding thecorrect insurance and a property manager if needed.
"Bulgarian Property - The Overseas Buyers’ Kit" can assistanyone considering investing in the market and taking advantageof the current rise in property prices.
About the author:Tim Wright is an international property investor with and isauthor of "Bulgarian Property - The Overseas Buyers' Kitavailable at www.bulgarianpropertybuyer.co.uk
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