Bulgaria Cheap Properties

The permanent stay certificate (or permanent residence card) is normally applied for after:

• five years of continuous legal residency; or
• marriage to a Bulgarian citizen.

It is the law at present that all non-EU tourists entering Bulgaria should register within five days at the local police station. EU citizens do not have to register. For the vast majority of tourists who are staying in hotels (whether EU or not), this is done automatically

As the global financial crisis rips on, small residential buildings are coming back into fashion, construction prices are almost halving, home prices are coming down, and offplan sales are dying out, investors said.Investors who have announced bigscale projects will never start to build, and major international companies and investment funds will be hit the hardest, forecast Nikolai Pehlivanov, executive director of Green Life.

Construction on Mega Mall Lyulin, at the intersection on Blvd Tsaritsa Ioanna and Blvd Dobrinova Skala, has started. Initial work for the mall will focus on building the infrastructure linking it with the metro station, as the construction company is contemplating a direct link between metro station Zapaden Park and the malls underground parking lot.

Most property-buyers arrive as tourists. Since Bulgaria’s entry into the EU, i has become much easier for British citzens to visit. Previously, a stay of betwee one and three months entailed applying in advance for a ‘Type D’visa through Bulgarian embassy outside Bulgaria

Potential property buyers need to approach cautiously offers with attractive low prices, for they could be a sign for a developer trying to rid of a project that subsequently may never get finished, Nikolai Pehlivanov, executive director of Green Life development company said at a news conference on December 17 2008.

Despite frightening forecasts for the Bulgarian property market due to its stagnation that began several months ago, prices in Plovdiv have not gone down, brokers from real estate agency Europolis have said in a media statement.Europolis presented its annual analysis, indicating that the global financial crisis has not affected the local property market, whose segments registered a total growth from 15 to 20 per cent in comparison with 2007. Prices remained high and the only deviation from the norm was the significantly lower number of sold office spaces, the statement said.

The number of visits of foreign tourists in Bulgaria has increased by 18% during the first half of 2008, compared to the same period of last year, according to preliminary data from the National Statistics Institute.
The total number of foreign visits in the firs six months of the year…

Konstantin Totev’s team of archaeologists dug up the foundations of a building under Trapesitsa Hill considered to be “the first Asen dynasty castle – that of Asen, Teodor and Kaloyan” in Bozhidar Dimitrov’s (director of the National History Museum in Bulgaria) words.
The building is…

Englishlanguage countries have shown a remarkable interest in Bulgarian property, according to data from Globaledge.co.uk, which has more than 1.4 million international orders for real estate from around the world.