2010 will begin an interesting phase for Bulgarian real estate, with property prices at the lowest they have been for some years, mortgage loans becoming increasingly accessible at lower rates and the possibility of the new Notary Act coming into effect. The Bulgarian real estate market is expected to begin its revival with the new Notary Act, enabling transparency of all real estate transactions to be processed through the State Depository Bank.

With the passing of an amendment to the Notary Act, all new transactions such as real estate and vehicle purchases will be required to pass through the State Depository Bank. Designed to end the common existence of excessive cash purchases, the declaration of all acquisitions will be a major change to the current purchasing methods from many investors.

The new Notary Act is expected to come into force from the 1^st January 2010 in an effort to reduce real estate fraud, corruption and money laundering. The changes will also ensure that all necessary fees and taxes relating to the sale and purchase are paid.

The introduction of a State Depository Bank will be set up to process all real estate payments, yet with restrictions as it will not be designed to function as a regular commercial bank. The bank will not be permitted to charge interest on payments; however a fee is expected to be charged on all transactions. (more…)

Despite the slowing of interest in the Bulgarian real estate market from British clients in the past year, the sector has fared better compared with similar near-by markets. Tourism has steadily grown in the country at a rate of around 6.5% per annum, appealing to larger variations of the mass market in recent years.

Bulgaria was in fact, one of the few regions that experienced positive growth in 2008, slowing down only in the final quarter. The country is only beginning to realise its full potential for tourism and real estate growth, enabling more extensive attractions than simply skiing and beaches.

Russian investors are currently looking very favourably towards Bulgaria as the ideal location for Casino tourism. Having long been a favoured holiday destination for wealthy Russians, the Bulgarian market could be set for massive expansion. Already attracting many Turkish and Greek visitors, the Bulgarian casinos in popular tourism regions are planning huge expansion projects, as a bid to capture the Russian market. (more…)

You can expect the best when you invest in Bulgarian ski property, with Bansko being one of the best offers. Getting more than four months of skiing season and displaying a beautiful landscape with snow capped mountains and a summer season attracting holiday makers in neighbouring villages like Banya.

There are many reasons for you to invest in Bansko, the property market there is almost at its infancy, with land prices already reaching ten times the price they had initially.

Bansko is just between the Pirin, Rila and Rhodope Mountain ranges getting a wide array of skiing locations, up to 2,500 metres above sea level.

Down from the mountains to the town, we can find all the amenities and facilities together with lovely decorated houses, ancient fortresses and more that 100 cultural monuments, including the Holy Trinity Church, boasting a thirty metre high bell tower and clock as well as intricate wood carvings.

The nearest airport is just 2 hours drive away, in the busy city of Sofia, with a new airport right in Bansko being built meaning accessibility and convenience for travellers. There are a whole host of taverns, pubs, entertainment outlets, shopping arcades and medical facilities within Bansko town, nearby villages and outlying cities. English is one of the main languages spoken there, with staff and people well versed in the language.