For the past five years with each year becoming more popular to buy property in Bulgaria. Increases and the number of Russians who have bought in this country house or apartment. And despite the fact that, in connection with the entry of Bulgaria into the European Union in 2007 marked another leap in housing prices, demand fell and growing. On the situation in the Bulgarian property market readers says the head of the department of foreign real estate corporation "BEST Real Estate," the candidate of historical sciences Julia Titova. According to preliminary results of 2007, more than 20% of Russians are opting for the country to purchase property in Bulgaria prefer (this indicator is the leader among other states). Their number in the last three years has increased more than threefold, reflecting the popularity of shopping at our compatriots. Why Russians choose property in Bulgaria? The main advantage of the Bulgarian real estate - its accessibility. Despite the fact that the average price level for new buildings in the resort area for the past two years has almost doubled, the cost of the Bulgarian real estate remains one of the lowest in Europe and the lowest among the countries with world-class beach resorts and well-developed tourist infrastructure. Average price per square meter apartment, located next to the sea, in complexes with swimming pool, garden, car park, protected area, SPA-center, about 1.5 thousand euros. For those on a budget, there is a selection of objects away from the sea, with less than perfect internal infrastructure. The cost per square meter in which about a thousand euros. There are exclusive options - from luxury trim, on the first line, the cost per square meter which is in the range of 1.7 to 3 thousand euros, and in some cases reaching up to 4 thousand euros. For comparison, Figure 1 shows the average price for apartments in the most popular resorts in Europe. Among European counterparts Bulgarian properties for "price - quality" is a very strong position in terms of consumers. Of course, we can not ignore the fact that the beach resorts of Bulgaria - Black Sea, not the Mediterranean or Adriatic. This has its pluses and minuses. The resorts in the Adriatic Sea Montenegro, Croatia, Italy, remarkably clean and beautiful sea, but on the quality of the beaches are losing Bulgaria. Black Sea beaches of this country - sand (many of them are famous golden sand), clean, easy to approach the sea. Speaking of the Black Sea, it is appropriate to compare the most popular real estate Bulgarian resorts such as Golden Sands and Sunny Beach, with Sochi and Yalta. In converting to the euro average price per square meter than the Yalta 2000 and Sochi - 3000 euro (figure 2). May give the impression that the Bulgarian real estate counterparts in terms of cost there. But it is not. Comparable prices - for new buildings in Turkey and Egypt. However, the quality of Bulgarian real estate as a standard of living is much higher. Ease of adaptation in this country, convenience and accessibility of its resorts and can not be compared. Based on the experience of other European countries, it should be said about the prospect of further appreciation of property in Bulgaria. This is due to the active development of its economy and its integration into the EU. We can already predict new racing prices, which will be confined to the entry of Bulgaria into the Schengen zone and the transition to the euro. In general, in the next five years to continue the planned growth trend for at least 10-15% per annum. Bulgarian real estate market: they buy the Russians? Describing the current situation on the Bulgarian property market should be noted the greatest demand for Russian facilities located in seaside resorts (Sunny Beach, Sveti Vlas, Golden Sands, St. Constantine and Elena, Sozopol, Tsarevo, Byala, Obzor, Balchik, etc.). Characteristically, the old and popular resorts (Sunny Beach, Golden Sands), free sites are practically no. It almost does not offer facilities on the beachfront. Densely built-up area adjacent to the sea and the resorts of Sunny Beach-satellite (Saint Vlas, Helen, Ravda). In connection with this building near the sea moves inland from the sea and wide, away from the popular resorts. Actively built up areas north of Varna (Balchik, Kavarna), between Varna and Burgas (Byala, Obzor), to the south of Bourgas (Tsarevo, Lozenets, Primorsko). It still has a proposal on the beachfront, enjoying the constant demand from our fellow citizens. Panoramic views of the sea is a major criterion when choosing a real estate Russian buyers, so characteristic of recent trends is the emergence of new projects, located at a distance of one to two kilometers from the sea (within the golf course) on the hillsides. The second highest demand among Russians ski resorts. Their popularity is much lower than the sea. It is estimated our people are buying apartments on the coast is 10-15 times more frequent than in the mountains. From ski resorts of Bansko is the most attractive, where the richest selection of properties for second place - Pamporovo. In Borovets, construct a relatively small, so shopping there is much less accomplished. In view of falling demand for apartments in ski resorts last season prices for them stopped. As a result, in anticipation of the new winter season, we see activation of the Russians in this area. Prices for new buildings in Bansko - from 1 to 1.7 thousand euro / sq.m. m depending on the term deposit facility, its infrastructure and proximity to the lift. Trend this year was the increase in demand for real estate in Sofia, Bulgaria, due to the entry into the EU. Indeed, prices are relatively low in comparison with the capitals of other EU states. Cost per square meter in new buildings in the heart of Sofia - from 900 euro up to 2 thousand euro / sq.m. m (on the market there and the unit luxury property at a price of four thousand euro / sq.m. m), in other areas of the city - from 400 euros to 1.5 thousand euro / sq.m. m (average about 800-900 euro / sq. m). Bulgarian real estate market presents not only the capital, sea and ski resorts. Interesting investment options available in spas (for example, Sandanski), as well as in major business centers in Bulgaria (the most popular of which Plovdiv). The presence of Russians in these market segments is negligible. The process of buying spite of the fact that almost a year, Bulgaria is a member of the European Union, legislative changes in the real estate is not followed. The process of buying real estate by foreigners is governed by Article 2 of the Law on Foreign Investment (the "Law for chuzhdestrannte Investments" published in "SG,» № 97 from 24.10.1997 years), which states: "A foreign person may invest in the country in the manner provided for Bulgarian people , has an equal right with them if a statute provides otherwise. " Article 5 of the Act describes the categories of foreign persons, which include: legal persons who are not registered in the Republic of Bulgaria, of society, are not legal persons and registered abroad, individuals - foreign citizens permanently residing abroad. Article 12 describes the types of foreign investment. Bulgarian legislation restricts the rights of foreigners in matters of land acquisition. If the property is purchased without the land, the rights of non-residents the same with the Bulgarian citizens. Thus, the Russians can become owners of apartments in Bulgaria without any limitations. For registration of the property must have a passport. The type of visa (tourist, business or guest) plays no role. It is assumed that over time, limiting the acquisition of land will be removed. Likely to allow foreigners to buy land with the house, in this case will stipulate the permissible size of the area (probably 5 to 15 acres). As of today, to become the owner of the house to the ground, the alien must open a Bulgarian company (ownership may be registered at the Bulgarian firm, founded by the alien). Although the procedure for opening and maintaining the company is not very complicated, yet demand among Russians for the purchase of private homes in Bulgaria are much lower than the apartments. Most of the apartments in a modern luxury complex sold for the construction phase, when the price and payment terms most advantageous. So ready to buy a new apartment in a good location at a decent price is almost unreal. With the possibility of purchasing property and available offers the potential buyer meets a Russian agency and if found satisfied with his options, sent to Bulgaria to view. Representative of the agency shows there ready apartment or place of construction and facilities already built by the company. If the choice is made, the buyer reserves reservation deposit in an amount not to exceed 10% of property value (usually a deposit - 1 thousand euros), and signed a preliminary agreement, which must include: type of property, its price, payment terms, terms putting the complex responsibilities of the parties. The main responsibility of the buyer is to comply with the terms of payment. The primary responsibility builder - timely commissioning of the object and the quality of construction. Returning to Russia, the buyer makes payments in accordance with certain terms. As a rule, from the time of booking to make the first payment is a relatively short period - from weeks to months. Upon delivery of the complex into operation taking bodies signed Act 16, after which a transfer of property rights and of the property the new owner. Making apartments in the property, the buyer pays the registration fees and stamp duty, which is about 1% of property value and tax of 2% of its book value. Thus, one-time costs do not exceed 3% of the apartments. Annual tax on real property subject to all properties, except for the forests and cultivated agricultural land. Owners of property within two months from the date of acquisition (purchase or completion of construction) are required to declare it in the tax service. The declaration must give a detailed description of the property: a year of construction, building materials used, design features, size, number of storeys, the purchase price, etc. The tax base for companies is the book value of real estate for individuals - the price of real estate, defined territorial tax service ( Apartment rates specified in the main contract of sale). The tax rate is the same for natural and legal persons, and is 0.15%. Along with the tax owner of apartments in Bulgaria pays for their maintenance (maintenance and utility costs). The amount depends on the area of the premises and infrastructure of the complex and varies from 7 to 15 euros / sq. M per year. Thus, according to the contract owner service apartments of 70 square meters. m will spend around 500 euros per year for maintenance of the complex (territory cleaning, pool cleaning, security, external lighting, garbage collection and so on). Water and electricity paid by the meter: In the normal consumption of this amount for a family of four in the warm season will not exceed 50 euros per month. That is, if the owner uses his apartment to the maximum - the entire season from May to October at a cost, including taxes, will amount to about EUR 850 - 1 thousand euros per year. In conclusion, we note the role of estate agents in buying a home in Bulgaria. Russians in the acquisition of housing abroad is not very sophisticated, often brings fear to overpay too much. Agency with the name probably will have to pay exorbitant prices - and many argue as a result of trying to save a penny on commission, losing thousands on the transaction. Unfortunately, among the mediators-by-night scammers are also some outright selling other people's land that process in addition to the apartment residence permit, etc. Therefore, the partner is not worth saving and it is better to refer to companies in the prestigious association of real estate market professionals. If we are talking about exclusive offers, when the agency is working with the developer directly, the commission paid by the developer and the buyer in the face of real estate agent gets a partner and advisor, not wasting any money. In addition, some large agency is able to offer more interesting conditions of purchase, rather than the developer himself, with whom it works. If the portfolio company does not have suitable apartments, but a buyer wants to use the services of recruitment agencies estate, to be sure of the correctness of the commission and the legal purity of the deal, he will pay a fee of 3%, which corresponds to rates of Bulgarian realtor firms. Source: Property and Prices
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