http://www.worldfamousradioshow.com/2010/07/record-bulgarian/
Investment in property in Bulgaria – be prepared!
I have seen many investors buy in Bulgaria saying that just because someone is a good opportunity investment and buy without a clear strategy or idea of what they want to achieve, do not know or forget the fundamentals of real estate investment and make mistakes.
It is good to understand at this time Bulgaria should not be considered as a return on investment, great deals you can take this, but in general, you invest in the opportunity, see it as a means of long-term investment. If you are able to look beyond the poor infrastructure and have fun with the possibility of investing in growth and economic development around the club you will learn to prepare for real estate investment in Bulgaria.
1. Bulgaria's infrastructure is not as developed as might be used in Western Europe, but this is the opportunity is. Now, with the EU membership is a series of infrastructure projects and millions of funds EU paid in the country. Look beyond!
2. The housing market is very dynamic that is not obsessed what you see on the Internet, in fact, is always different.
3.Learn far as possible about the country's economy, political system, geography, culture right, people – that should give and understanding why and how to invest in the country. Try using reliable and independent sources the marketing of products.
4.Have a clear strategy and plan of how to do, set a budget and time and stick to it – many properties in Bulgaria look cheap and it is tempting to overextend the budget.
5. Note the total cost – taxes, fees, management fees, construction etc.
6. Having a realistic exit strategy – How market research and consulting professionals.
7. Never sign anything before they are fully aware of what he says and I agree with you.
8. Deal with reputable agents know what you want and have a thorough knowledge of the Bulgarian market – currently estate agent is a very popular profession and there are actually Many people do not understand what they do. Be careful!
9. Bad title, in 1992, it became clear that one of the major administrative obstacles might be the record of titles. As a result of neglected titles registration system during 50 years of socialism, land records are updated often. Some documents are missing completely and this, combined with a particular system is not computerized, you can create a confusing image. Make sure you get expert advice.
10. In Bulgaria, there are terms such as estimating tax "price" and "purchase price". The price of "estimation taxes is for the purpose of real estate taxes and is much less than the sale (purchase) price. Most owners want the prize Bulgaria "Tax estimate" is written in the title, and not sell (demand) prices that buyers pay, so that because of this practice that may have differences between the price paid and the price written in the title. You should know that having a contract basis of low price is not void your business. However, this situation has financial implications, such as not having official documents for money and higher taxes if you decide to sell the property after its real value. Please Ask your agent in all aspects of the transaction to avoid any misrepresentation and misunderstanding at a later stage.
November. The usual duration for owners to leave it after the sale is for a month. This could be negotiated if the buyers have required a shorter period, but it is advisable to plan advance.
12. Offers guaranteed rental income. There are some exceptional cases chances of getting a good return on your investment this way, but we verify that your rental income guaranteed the support of a contract with a tour operator considered not only a purchase price inflated to allow the developer return "of his own money" during the first year of investment.
13. building permits for developments off plan ensures the developer has permission to necessary construction and property specification detailed agreement with the manufacturer and the products will be delivered to you under license required to occupy as a residence. Ideally, you should not pay the last installment of the price to what happens.
14. During the trip visibility, lots of photos and notes. All properties at the end of the day may appear.
15. If you want to demolish an existing property and build a new one, you need a building permit but can be waived if you only intend to repair the property. Insurance before embarking on renovation projects to consult a builder and came up with the idea costs.
16. Do not rush into a decision, Take Your time to think – it's your money and your investment to take full advantage of it.
About the Author
Galina Mihaylova – real estate investment expert and managing director of Sash solutions:independent Bulgarian property consultancy http://www.sash-solutions.com
Kasarova records Bulgarian Soul (4 of 4)
|
|
Old Bulgarian Vinyl Record Boris Karlov Communist Era Vintage $9.99 |
|
|
Bulgarian USSR Vladimir Visotsky self-portrait Records Vinil LP $19.99 |
|
|
Vintage Bulgarian Record Syringe, German Jena Glass, interchangeable, Boxed NOS $9.95 |
|
|
giga historical JUAN ALMEIDA BOSQUE bulgarian record $24.99 |
|
|
ELVIS PRESLEY LP-ROCK-AND-ROLL/BALKANTON RECORDS, BTA-12061 BULGARIAN PRESS VG++ $14.98 |
|
|
Music of Cosmos: Selections from the Score of the Television Series Cosmos by Carl Sagan $29.98 … |
|
|
Troy: Music From The Motion Picture (Score) $3.25 Director Wolfgang Peterson took Homer’s The Iliad, excerpted the epic Trojan Wars, ditched those troublesome Greek gods, and largely hung his film’s fortunes on copious amount of CGI wizardry and Brad Pitt. Immersing himself in the sword ‘n’ sandal genre largely revived by Gladiator composer James Horner (whose work here replaced the original score of Gabriel Yared) faced some challenging mus… |
|
|
Tears of Joy $13.98 … |
|
|
The Terminal (Widescreen Edition) $3.79 Like an airport running at peak efficiency, The Terminal glides on the consummate skills of its director and star. Having refined their collaborative chemistry on Saving Private Ryan and Catch Me if You Can, Steven Spielberg and Tom Hanks mesh like the precision gears of a Rolex, turning a delicate, not-very-plausible scenario into a lovely modern-age fable (partly based on fact) that’s both techn… |
|
|
Yes Man $6.95 Jim Carrey does wonders with a slight premise that finds his reserved, emotionally-distant character, Carl Allen, a banker who routinely turns down loan applications, accepting a challenge to open up to life by saying “yes” to everything. A man who constantly disappoints friends by weasling out of opportunities for bonding and happiness, Carl radically changes into a creature of complete spontanei… |