30 October 2008 – 3:10 pm
It is official now. Whether you like it or not it is here. We are about to see “who has been swimming naked”. Construction, estate agents, construction materials, tourism will feel it shortly. Banks, financial services to follow.
Ready to dive?
28 October 2008 – 3:10 pm
I posted a detailed instruction on how to certify documents (and more precisely power of attorneys) in order to be valid in Bulgaria.
Probably this information will be useful for someone who is about to finalise purchase process by signing of a title deed.
Apart from the power of attorney there are also some other documents required [...]
21 October 2008 – 6:07 pm
After all, you only find out who is swimming naked when the tide goes out. Warren Buffett
Recent articles discuss the possibilities of price falling in the real estate sector in Bulgaria. Some websites even have dedicated section for properties with falling prices. According to the statistics in some areas the prices are falling with nearly [...]
As posted in the forum ITV is starting new TV series for British expats whose dream for home abroad turn up into something else…
Probably “A place in the sun” will continue as “A scam revealed” since many people recently had very bad experience buying properties in Bulgaria. Not to mention those who are still waiting [...]
26 September 2008 – 2:06 pm
The head of Varna Administrative Court Anelia Tzvetkova who was caught receiving 10 000 Bulgarian Levs bribe on 17 July this year will receive back her money according to the decision of the Court.
As usual in such cases the judge Tzvetkova suddenly felt very ill and started serious treatment from illnesses which symptoms obviously appear [...]
A recent article in The Economist put the start in the discussion whether the prices of the real estates in Bulgaria should go down or not.
It was not very long after that and discussion was started related to that article. Of course, according to the Bulgarian real estate “experts” the prices will not go down [...]
A recent project of the Ministry of State Administration and Administrative Reform called Comprehensible Bulgaria has been started with a view to make life of non-Bulgarian speaking visitors to Bulgaria easier.
All of this would have been good if the streets named after non-Bulgarians were translated as the name is in fact and not to some [...]
Recent rumours about the bankruptcy of one of the banks in Bulgaria - First Investment Bank made lots of their clients to withdraw their savings from the bank and to close accounts.
As a reply the Executive Director Ms. Maya Georgieva said that “who believes in rumours should take his money back”. Lady, every schoolboy knows [...]
I am writing this further to a recent comment on another post related to buying process in Bulgaria.
In fact the Off Plan Survival Guide was written some time ago but I would like to point your attention to it as it is a good starting point for investment in Bulgaria.
In any case the first two [...]
Inexperienced investors and incompetent local authorities are the reason for the fiasco in the real estate sales in some resorts in Bulgaria according to the chief of UniCredit Bulbank Levon Hampartzoumian.
The person with hardly pronounceable name believes that most of the popular resorts will suffer difficulties which will reflect also on the Banks that [...]
