Sales | Did You Know?
DID YOU KNOW?
Pro-Russian change to Bulgarian law, good news for property market
In a recent change to Bulgarian law, Russians who own a property in Bulgaria now have the right to a 3-year multiple-entry visa to Bulgaria. Up until now, Russians have needed to re-apply for a visa to enter Bulgaria which makes owning a holiday home in Bulgaria inconvenient. Following this change, interest from Russian buyers for Bulgarian property is on the up, particularly for new build properties in prime resort areas.
The good news for British owners and speculators is that this adds a new dimension to the Bulgarian property market. With new buyers visiting the country, this bolsters the long term resale market and Bulgarian property rental market.
27th August 2008
Recently topping Knight Franks global property index, Bulgaria is one of the most popular countries to purchase in. And with prices starting from under 10, 000 GBP for freehold property, it is easy to see why. However some of the best buys in the country are from distressed UK owners who are putting silly prices on otherwise great property
Regular readers of our Expat articles section will be aware of the exodus of Brits to foreign countries. Some of you maybe considering doing this yourself but are concerned about how will you earn income abroad, or even if you are just looking for something to occupy your time.
Thursday, 25 Oct 2007 11:01
This is according to research released today by currency specialists HiFX, which placed the African nation top of a list of the ten most popular overseas emigration destinations.
Waiting for the economy to pick up? Why not rent out your home for 12 months and escape abroad
We can all speculate until the cows come home about why one Briton leaves the UK every 3 minutes and why at least 5.5 million Brits are already living abroad, but at Shelter Offshore we decided we needed to delve a little deeper into this interesting and seemingly growing phenomenon.
If youve ever wondered why so many Britons seem to be fleeing the UK in search of a better life abroad, the answers have come in the form of survey findings from an international removal company who cleverly took it upon themselves to ask those they were removing why they were leaving the UK behind.
Well, well, well these are worrying times if youre a government minister. A whole series of surveys have been released showing that those in Northern Ireland, Scotland as well as in Wales and England want out of the UK they want to leave for a whole range of reasons, but because so many Britons want out, a mass UK exodus is a very real possibility.
In his final budget as Chancellor of the Exchequer and before he became Prime Minister, Gordon Brown attempted one final financial con on the British people, he attempted to make the budget sound like a tax friendly one. In actual fact it was the budget that paved the way for the 10p tax cut affecting those on lower incomes, and it paved the way for ensuring greater numbers of people on slightly higher incomes are now stung by the highest rate of tax.
Recent statistical and survey information produced by the likes of the Institute for Public Policy Research show that the thought of retiring abroad for Britons is now more than a dream for most. I.e., there is evidence to suggest that a large percentage of the British population is actively pursuing their very own reality of living overseas once they hit retirement.
The dream of living abroad is one that is shared by many people increasing numbers of people in fact, according to the latest statistics and figures from independent sources, banks and governmental think tanks. But the numbers of people who relocate overseas every year is almost equally matched by the numbers of people who return to the UK having failed to make a go of their new expatriate lifestyle.
If youre thinking of moving to live abroad you are not alone. According to findings from the Office for National Statistics, more Britons moved abroad between 1997 and 2007 than in any other decade since the First World War and there are real fears being voiced that Britain is again experiencing a brain drain.
More British people than ever before want to turn dreams of a foreign life into reality, a poll for the BBC suggests.
If you are planning on moving abroad and want to keep a UK account open, there are several options available to you. You can keep your current account in the UK. You can switch your account to one that is specifically designed for expats - usually operated through banks' offshore branches located in Jersey or the Isle of Man.
Pension rules are notoriously complicated, and this is doubly true for expats trying to keep their retirement planning on track when they move overseas.
There are millions of Britons overseas - and until now we have not known a great deal about them.
The mix of sun, fun and the English tongue has led tens of thousands of British people to settle in Florida. But when the novelty wears off, many find themselves isolated, trapped and in fear of falling ill.
Like the 5.5 million Brits before you, you are seriously considering taking the plunge and moving abroad permanently. However, what are the main things to consider? Here at the FPS we talk to clients every day that are looking to move abroad permanently; from retirees to the younger generation and below are our top tips for those looking to up sticks.
Here we present articles, reports and information that relate to the fascinating world of Bulgarian property. And, more generally, to provide you with food for thought in your investment decisions.
House prices poised for first annual fall in a decade
Investing in Bulgarian property is looking a lot more sensible than risking the UK market
Sunday Times 2nd January, 2005
South East Europes Biggest Golf Course being built near Balchik
As if this area of Bulgarias coastline wasnt attractive enough to investors already, a huge golf development is sure to boost capital growth even more.
Sofia Echo 22nd December, 2004
Amanda Lamb announced that Bulgaria was number 6 on her list of investment countries on Channel 4's 'A Place in the Sun'.