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

Our Services

Beautiful Bulgarian Properties from Bis-Perth

Bulgarian Land from Bis-Perth

Viewing Trips from Bis-Perth

Bulgarian Holidays from Bis-Perth

House Sitting from Bis-Perth

Rent a Villa with Bis-Perth

Let Your Villa/Holiday Home through Bis-Perth
Best UK Mortgages @ 5.99% Fixed for 3 Years

Bulgarian 4x4

Our clients choose to view a selection of properties in the mountains; they were viewing eight different Land plots not to far from Veliko Tarnovo.

They requested all mountainous areas, quite secluded and off the beaten track.

Boy were they shocked when they arrived in Bulgaria last week to find 10 cms of snow.

Our Bulgarian Office in Veliko Tarnovo had arranged for an ordinary car to take our clients around their properties of choice but we had to have a rethink due to the snow and location of the plots of land.

I have to say our clients looked very relieved when we arrived at their hotel in a 4x4!!!

Their review of the viewing trip was “an amazing adventure” which actually gave them an insight into just what the conditions would be if they were living there all year round and not just in the summer months, I though that this would have put them off slightly but to my amazement it did not deter them at all and they assured us that this is exactly what they were looking for.

So all of my fretting and worrying about our clients in the snow covered mountains was in fact unfounded, as I now have two really pleased clients who have found their ideal plot.

My advice to anyone venturing into the beautiful Bulgarian Mountains “HIRE a 4X4!!!”

Bis-Perth Viewing Trips to the Mountains

Golden Sands Zlanti Pyasatsi

Black Gold

My eldest daughter has just started her first full time job in a local Travel Agents and is amazed at the popularity of Bulgaria; obviously she hears me rambling on about Bulgaria all the time but now she has it confirmed just how popular it is.

Everyday she comes home with tales to tell of clients who are returning visitors or prospective visitors who want to experience that Bulgarian Magic which makes this country so special.

Now bearing in mind she has visited Bulgaria many times I had to laugh when she asked did “Golden Sands get its name because of the beach?”

“Yes” I replied “but many people think that the name Golden Sands was made up by tour operators and developers to lure tourists and investors to the Black Sea Coast, but this could not be further from the truth, the Bulgarian name Zlanti Pyasatsi means Golden Sands in English and has been named this for many centuries.”

“Well that settles the argument then” she replied “because one of my colleagues firmly believes that this is a recent name given to do just that lure the tourists” and I said, she confirmed “well it can’t be as my mum has been visiting Bulgaria for years and she is ancient so it won’t be recent!”

“Oh thanks sweetheart was all I could muster!”

I then proceeded to tell her of all the benefits of Bulgaria that she could tell her clients about, like the local food, the people, the weather and activities on offer and her reply was “yes mum I have been there before you know!”

Speechless!!!

We have on offer some fantastic bargains to Bulgaria at the moment for those who are going over to view properties or are just looking for a well earned break.

Flights from just £119.00 PP and if you are looking to take in some lovely sites of the ancient town of Veliko Tarnovo what about a 5* cottage that sleeps 6 with all modern facilities and beautiful views of the Yantra River for only £270 Per Week.

Client Reviews of Property

"Nestled in a quiet, cobbled street overlooking the river Yantra, this property is both comfortable and welcoming. The views from the balcony are to die for whilst the property itself has been tastefully renovated to include all modern conveniences. The local key holder was extremely polite, friendly and helpful at all times (even on a Sunday!) and the area has shops, ruins, castles, museums and churches to explore. Overall this is a great place to rent. Treat yourself!"

Or what about a Beautiful Rustic Mountain Villa in an outstanding location with beautiful scenery situated in Troyan where you can visit many sites and participate in a vast range of activities with prices from £196 Per Week

Client Reviews of Property

"We have just returned from our stay at villa Donna in Troyan Bulgaria, the villa and its location was outstanding, if you are looking for a relaxing holiday with lots of nature around this is the place for you. The owners arranged for us to be picked up from the airport and also arranged car hire for us"


Try and beat that darling daughter, not to bad for an oldie!!!!!

Bargain Holidays from Bis-Perth

Tchestita Koleda Merry Christmas

In Bulgaria they place great importance on Christmas Eve rather than Christmas Day itself as the Bulgarians believe that Gods son was born then and they celebrate the birth with an important special dinner, consisting of twelve dishes, representing each of the twelve months of the year.
None of the dishes include any meat but there are nuts, fruit, vegetables and cakes.

It is tradition that farmers will strike the blazing Christmas log in their fireplaces to bring good health to their animals and to bring a good harvest.
Money is hidden in the ashes and these are placed in a tree to ensure a good crop.

Some Traditional Christmas Recipes

Bulgarian Tradition

In the round loaf there is a hidden coin, part of an important Christmas ritual. The eldest member of the family takes three pieces of bread and sets them aside - one piece for the Christ child, one for Mary and one for the household. He then breaks up the bread and gives a piece to everyone at the table.
The person who finds the coin in his piece is expected to have good fortune in the next year.
In some parts of the country, unmarried girls take their first piece of bread from the Christmas Eve meal and place it under their pillows, believing that they will then dream of their intended husband during the night.

ROUND LOAF

Ingredients:

1 kg flour
1 ½Tablespoon of Yeast
½ teaspoon sugar;
1 teaspoon salt;
1 teaspoon vegetable oil

Sift the flour twice, make a well in the centre then fill with the yeast, add a small amount of water to the yeast then add the sugar and salt then knead to make dough, place a scalded coin in the middle.
Bake in a lightly buttered dish until it turns slightly golden, then spread with sugared water and bake for ten more minutes.

STUFFED CABBAGE/VINE LEAVES

Ingredients:

10-15 pickled cabbage/vine leaves
4 onions;
Salt and pepper
1 cup rice
2 red tomatoes - fresh or tinned
1 cup of chopped parsley
2 fresh red peppers
1 carrot
1 ½ cup vegetable oil

Chop the onions, fresh peppers and carrot and add salt to taste, then brown in vegetable oil.
When onion softens add the rice, then the tomatoes (peeled and grated), pepper and chopped parsley. Mix well.

Fill the cabbage leaves and wrap them tightly, then cover the bottom of the cooking pot with sauerkraut and arrange the stuffed leaves on top.
Cover with water and stew on a low heat until the leaves soften. Lovely

BOILED WHEAT

A delicious and very important part of the traditional Bulgarian Christmas Eve meal is boiled wheat, which represents the life cycle of nature.Ingredients:

2 cups of pounded (or un pounded) wheat
3 cups sugar
2 cups chopped walnuts

Remove impurities from wheat and wash. Pour cold water over it and boil until soft, then cover the pot with a twice folded towel and swell.
Drain the remaining water and mix the wheat with the sugar and walnuts.

STEWED DRIED FRUIT /OSHAV

Ingredients:

3 cups dried fruit - apricots, apples, plums and dates
3 cups granulated sugar

Wash the dried fruit well, soak in cold water and leave overnight. Boil in the same water until it becomes soft.
Add sugar or honey to taste.

All of the above dishes will be tried in my home on Christmas Eve.
Why not give it a go; I am sure you will enjoy an alternative Christmas Eve meal.

Tchestita Koleda

Merry Christmas

From all of us at Bis-Perth we hope you enjoy the holidays and festivities

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

or

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

Working For Your Future