Bulgarian Property Market Booms Again 2007

Good news again for Bulgarian Property Investors as the Bulgarian property market was the worlds strongest in 2007, with an estimated turnover of 11.36 billion it has exceeded all expectations and has seen an increase of over 2.36 billion Euros over 2006 figures.

It is predicted that the Bulgarian Construction Boom will continue to grow at 12% - 16% year on year until 2010.

We have seen prices rise dramatically over the last few months and this is set to continue due to the good mortgage market, high revenue of properties and the weak impact of the global credit crunch on Bulgaria.

Britain and Russia played an important part in maintaining these excellent market conditions with high investment in Bulgaria.

UK investors accounted for 40% of all Bulgarian Investments in 2007 and Russia accounted for another 38% of all investments in the Bulgarian Market.

As predicted previous property investors in the Bulgarian Property market will indeed benefit from these conditions but on the other hand those looking to invest in the future will pay slightly higher prices for Bulgarian Property, but all and all, the outlook is very favourable as prices still remain the cheapest in Europe.

An additional benefit to property investors in Bulgaria is the reduction to 10% flat rate of tax making Bulgarian one of the most tax efficient countries to relocate or invest in to.

Another benefit for this year is the introduction of more Budget Airlines increasing their flight frequency to Bulgaria which will make travelling to Bulgaria much more cost effective.

Once again the outlook is very positive for the Bulgarian Property Investor.

You can contact us at www.bis-perth.co.uk

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Beautiful Bulgarian Properties from Bis-Perth

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Viewing Trips from Bis-Perth

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Best UK Mortgages @ 5.99% Fixed for 3 Years

Can We Really Afford To Live In The UK

Another Blow to Home Owners
Another Interest Rate Rise Looming

Can we really afford to live in the UK, we have experienced 5 interest rate rises over the last year and another is forecast before this year is over.
The increase to 5.75 per cent last month saw the cost of borrowing reach it’s highest since March 2001.
But there is good news experts believe that rates will peak at 6 per cent and then stabilise over 2008 and 2009.
YEAH!
Can borrowers really last that long?
Well only time will tell but statistics show there is an alarming amount of people in the UK either being made Bankrupt or opting for voluntary Bankruptcy!!
The amount of sub-prime borrowing is increasing at alarming rates.
Statistics show that a phenomenal number of people in the UK are borrowing on credit cards etc just to meet everyday living expenses like food!!!
And then to top it all we are seeing an increase in Council Tax Bills but a decrease in services but hay this is to help the environment.
How leaving rubbish on the streets for two weeks at a time is going to help the environment is beyond me. But it’s all well as we can use the recycling facilities to reduce waste. Yes, but am I missing something here, will families and businesses not increase their petrol consumption etc taking their excess rubbish to the local skips and recycling plants?
What a good idea!!!

Why don’t you take a look at what Bulgaria has to offer you will be surprised!!
House prices start from £2500
Council Tax Charges between £10 and £25 per year.
Average shopping bill for a family or four costs £25-£30

www.bis-perth.co.uk

Contact: info@bis-perth.co.uk
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Telephone: 01738800346

The Bulgarian Opportunity

The Bulgarian Opportunity

Bulgaria is a rapidly developing country and is therefore an increasingly popular choice for overseas investors.
Our research has shown that a large number of young families and couples have seized the Bulgarian Opportunity as they are fed up with the UK prices and the never ending struggle to get a foot on the property ladder, some buying combined packages of domestic and commercial Properties for new business ventures and a better standard of living for as little £40,000.
The more mature investor is opting for Bulgaria due to the climate, lower living costs and a slower pace of life. Some invest in land to design and build a new home while others are buying renovation properties to renovate themselves, with a large number of investors buying holiday homes to rent out throughout the year.

Why Bulgaria?

Bulgaria has a Stable Political Climate and one of the Fastest Growing Economies in Europe.
Bulgaria has full membership to the EU.
Bulgarian Currency the Lev is fixed to the Euro exchange rate.
Full NATO membership.
Established Tourism Industry.
Regular Flights from all over Europe.
The cost of living in the UK is four of five times the average cost in Bulgaria.
Energy costs in the UK are nearly seven to eight times more expensive than Bulgaria.
The Council Tax in Bulgaria is on average £25 Per Year.

Property Prices

The Property Prices in Bulgaria are set to increase with many benefits for investors, therefore now would be a good time to invest.
We have plots of land and property available from under £2500 and where in the UK can you buy a plot including all legal fees from under £5,000.
To buy a similar plot in the UK you would need an average mortgage of £125,000.
That’s just for the land, then how much more for the building costs?

View what we offer for under £115,000.
Two properties one sits near the lake, the other has swimming pool, stables and 12000sqm of land.

How much would this cost us in the UK?

Contact our Customer Services with any queries you may have

www.bis-perth.co.uk
Working For Your Future

IT'S ALL GOOD

Ok so I have introduced you to the company, the reasons why I set up my Business and shown you what we at www.bis-perth.co.uk can offer, now lets compare Bulgaria.
I love Bulgaria as do so many others, 500 000 UK holiday and property buyers visited Bulgaria in 2006.
There has been a dramatic increase in residency applications over the last year and we can all see why. The cost of living the scenery, the beaches, the people and the list goes on. But I think and research has shown that the biggest influence encouraging UK people to make the move is their disillusionment with Britain.
I have found that it is not just high earners who can afford to make the move a lot of working class who have sold their council houses and used the income to purchase in Bulgaria because they can get a lot more for their money.

Is this about to change?

The European Commissioner on Consumers’ Protection Meglena Kuneva said that the liberalizing of markets is necessary, and suppliers will be carefully surveyed
Then a report stated that energy prices may rise by 31% now at the moment this would not seem a lot to us in the UK where we are charged some of the highest rates in Europe, but to the Bulgarians whose average wage for the middle class is 375€ per month, is quite high, however discussions are now in place on income. According to statistics salaries have gone up by 11% but trade unions in Bulgarian are said to be unhappy with this figure and the Podkrepa trade union put forward a 25.4% increase.
The Confederation of Independent Trade Unions in Bulgaria president Zhelyazko Hristov’s claimed that keeping in mind the positive changes in the tax and insurance tariffs we are set to propose a 15% increase in the salaries in the real sector of the economy. We also believe that the negotiations within the separate sectors ought to become a steady trend in Bulgaria. This would in turn contribute to company negotiations and would facilitate the discussions about the minimum income and insurance tariffs.
The Prime Minister Sergei Stanishev pledged the cabinet would update its priorities and would work towards an income increase and that the incomes in the private sector have gone 15% up over the first three months of the year.
Experts tend to explain this fact with the country’s EU membership and the opening of the common European market to Bulgaria, while at the same time the employers have tended to protect their staff. At present a total of 10 EU member states have removed the restrictions to Bulgarian labour, the rest have still partial limitations that are due to be revised.
So it’s all good then?
Definitely!
When compared to the UK.

Reports revealed that first time buyers are being priced out of the property market. Figures show that first time buyers now make up 35% of all home buyers down from 50% at the start of 2007. Figures released from the Council of Mortgage Lenders show that UK buyers have to earn an average salary of £35,000 that’s £10,000 more than the national average wage just to get a foot on the property market ladder. Statistics revealed that typical buyers are being forced to borrow a record 3.37 times their salary compared with a little over double 10 years ago.
Another added burden is two out of three buyers will have to pay Stamp Duty because of Britain’s soaring house prices. The average first time buyer’s house now costs £154,394 and is rising by 10% a year. Many buyers are borrowing loans 5 or 6 times more than their salary. This is staggering and unaffordable and this is another reason I have chosen to invest in Bulgaria.
On my last visit over to invest I stayed in a beautiful Villa with private pool in a small rural village that cost only £300 for a fortnight the cost of the flights for 2 was under £200 and we spent £200, yes that’s all we spent and we had a wonderful holiday, we ate out twice a day, our weekly shop cost us £15 and this included fresh fruit and veg, wine, beer, juice, milk, delicious cheese, ice cream, bread and the list goes on but my favourite has to be the meat, they have the best tasting meat I have ever tried (no added water) you may remember this type of meat, when cooked it stays the same size as uncooked.
I am set to return quite soon to approve building works on my plot, well that’s my excuse, I am looking at the full cost of a Villa holiday including car hire, flights and spending to come to no more than £700 for a two week break, what an amazing bargain Bulgaria is, I just can’t wait to get back.

CONTACT US

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VISIT US AT www.bis-perth.co.uk

Working For Your Future