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Why Bulgaria?
How do I get there?
What's the weather like in Bulgaria?
Is it safe to invest in Bulgaria?
What are the tendencies on the real estate market?
Do we need visa to travel to Bulgaria and how long can we stay?
How can Exxellhomes help you to buy a property in Bulgaria?
How long it will take to buy a property in Bulgaria?
What are the living costs in Bulgaria?
Why Bulgaria?
Bulgaria is a quiet, and largely rural country in southeastern Europe about the size of England but with population of only around 7.85 million. For years Bulgaria has been a favoured holiday destination for Eastern Europeans, but only in recent years it has opened its doors to the rest of the world. Its mountains, beaches and old-fashioned rural tranquility offer a glimpse of old Europe, a charming and affordable alternative to western Europe.
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How do I get there?
The easiest way to reach Bulgaria is by air with direct flights from the UK and Western Europe and indirect flights from the United States and Canada. In summer there are charter flights directly to Varna and Bourgas.
Many airlines fly to Bulgaria BA fly regular flights to Sofia and Varna go to www.ba.com. Wizz air Central Europe's biggest low cost airline fly's direct to Sofia from London Luton and summer to Bourgas also from some UK regional airport, check up to date timetable at www.wizzair.com.
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What's the weather like in Bulgaria?
Bulgaria has a continental climate, with long, hot, dry summers and - in the interior at least - bitterly cold winters .July and August can be oppressively hot in the big cities, and a little crowded on the Black sea coast. It's usually windy and rainy in autumn, a lot of snow in winter, clearly distinguished four seasons.
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Is it safe to invest in Bulgaria?
Currently Bulgaria demonstrates stable and predictable macroeconomic climate showing economic growth at 5-7 %, capital growth for 2008 - 13% and strong growth figures in the tourism industry. Our economy provides one of the best opportunities for new foreign investors.
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What are the tendencies on the real estate market?
Real Estate market in Bulgaria is currently expanding rapidly . Over 2 million foreigners visit the Bulgarian cities Varna, Burgas, Bansko and the capital Sofia annually in order to purchase property. Buyers are mostly interested in summer villas in the outskirts of towns and new developments in the centers. Also plots of land can be an excellent investment. Because of the significant demand, prices are rising quickly. According to REMI (the Bulgarian Real Estate Index), the official growth of the properties market in Bulgaria was 24% in 2004, with the real percentage much bigger.
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Do we need visa to travel to Bulgaria and how long can we stay?
UK passport holders do not require a visa in order to visit Bulgaria for a period of 30 days. Long-term visa (D) can be obtained from the Bulgarian Consular service in London. Exxellhomes can assist you in obtaining Visa D through our legal services.
For further information please contact the Bulgarian Embassy in London on 0207 584 9400 or check www.bulgarianembassy.org.uk
The British Embassy in Bulgaria also provides information at www.british-embassy.bg
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How can Exxellhomes help you to buy a property in Bulgaria?
Exxellhomes is operating on the real estate market in Bulgaria. Through our extensive professional services we will make the property purchase much easier for you. We offer:
Property Purchase and Sale:
- We provide all type of properties-houses, villas, apartments, land, commercial property and more
- Search for all kind of properties in Bulgaria according to your requirements
- Advice prior to visiting Bulgaria
- Pick up upon arrival
- Arranging property inspections and transportation
- Fluently English speaking and friendly real estate consultants
- Property price negotiating (where possible) on your behalf
- Complete legal services (organizing property purchasing)
- Assistance by appointed law firm with establishing your solely owned company (LTD/LLC) for the purposes of purchasing a property
- Guidance to opening a bank account in Bulgaria if needed
- Translation of all documents
- Accountancy, book-keeping, Tax administration service
- Interior design and architecture
- Refurbishing and renovating services
- Furnishing of all kind (special discounts available)
- Full property management (maintenance, property security, etc.)
- Build new homes
- Visa information
- Re-sale your house
Tourism and Stay in Bulgaria:
- Help with planning your stay in Bulgaria (viewing trips and entertainment)
- Accommodation in hotels, private houses, etc.(special rates)
- Rent-a-house
- Organizing of all types of tourism and entertainment activities(sightseeing, visiting historical places, horse-riding, fishing, hunting and many more) through our partners.
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How long it will take to buy a property in Bulgaria?
Usually it takes 2-4 weeks to buy a property in Bulgaria. For further information go to Buyer's Guide.
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What are the living costs in Bulgaria?
Living costs in Bulgaria are extremely low in comparison with other European countries! For example bread costs around 0.30 EUR, 2 pounds of chicken and pork meat can be bought for 2-3 EUR, for 1 EUR one can buy 4 beers . House insurance: around 100-200 EUR per year depending on the type of house, the belongings and furniture inside, as well as the security conditions. For a property of price 30,000 . EUR insurance against theft, flood and fire costs about 125-140 EUR per year with an established insurance company.Gas: the gas system network is being developed in Bulgaria . For heating: there are central heating systems in the big cities: monthly costs for a 3-bedroom apartment around 120 EUR. In the small places people use charcoal and wood, which is even cheaper way to heat a house. Electricity, when used for cooking, light or hot water, costs about 30-50 EUR monthly. Local and national taxes for owning a property depend on the location of the property. The most expensive area is the capital city Sofia, where the annual taxes of 2 bedroom apartment are around 150 EUR per year. Therest of the country is around 80 EUR per year.
The average salary in Bulgaria is 200 EUR per month.
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