As a rule liquidity and price of land areas depend on perspectivity and presence of panoramic scenes, picturesque surrounding, as well as on distance from cities - this factor is decisive in the cost of bringing the communications in future (electricity, water supply, sewage, phone and Internet connections). Also the price is bigger the closer lot is located near such natural resources like the sea, beaches, resorts. The real estate near lakes, rivers, ponds that are incredibly beautiful in the territory of Bulgarian south lands near the Black Sea, is very popular among foreign and local customers.
The mechanism of acquisition and registration of land or any other real estate item is rather simple, starting with the fact that there is an official land ownership in Bulgaria. When all the formalities are completed professionally, the whole process of real estate acquisition and registration will take only a few weeks.
The correct choice of district for acquiring new apartments, house or land make conditional on not only the comfortable rest and living, but also provides with excellent opportunity of fast and profitable reselling this object of property.
Bulgaria rapidly renews the interest of Russian and Balt not only to its touristic places, but also as a destination for profitable capital investment with comparatively fast funds return. For instance, the part of clients of our Dao Real agency invested their money in acquisition of completely finished apartments in Varna in 2006, with profit from € 35 000 to € 50 000, without any additional costs, have sold them on the market at the end of 2007 using our direct help .
The politic course of Bulgaria positively influences on the situation on real estate market. First of all, the country has already joined European Union, carried out all conditions and directives for the fastest entry to Schengen. Bulgaria carries on correct politics for developing beneficial external economic and cultural relations with Russia. Due to these factors, it is reasonable to expect the further development and saving of country popularity among customers and investors from Russia and European Union.
Currently in the most of cities there is a large-scale building of modern malls, department stores and business centers. The funds for building include the joint capital of local and foreign major business owners, but some projects are fully financed by the investments from European businessmen and organizations. Local city authorities do their best to help investors and builders for developing and renewing the infrastructure, providing with required facilities and municipal services for the territories under construction. The fact of heavy interest and investments from the side of foreign investors means that the region is stable and reliable.
First functioning malls and business centers of western standard already exist, but there is still the lack of building of such kind. Earlier the grocery stores and offices were mostly located in rearranged flats on the first floor of usual houses. Now the number of such ‘offices’ is rapidly reduces, which is intensified by new government law about its prohibition and gradual liquidation. This law will be accepted soon. In general Bulgaria can be called a heaven for investors, the undeveloped territory where was nothing built or arranged before but with calmness and huge potential. Currently is the best time for making serious placement of funds and investing into Bulgarian real estate and building. It is possible to gain the profits of such scale that is difficult to earn in any other European country.
