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BULGARIAN PROPERTY

 
 

Having decided to buy a property or just thinking about buying a property in Bulgaria, it is strongly advised to get acquainted with the Country and its regions in order to be able to decide where you would like your property to be, e.g. Sea coast or mountains. Furthermore, you should strongly consider whether you would like your property to be in a large town; in a small city or village; or just out in the wilderness.

For your convenience we have outlined the main towns and regions with their relevant terrain i.e. mountains or sea side. We have also pointed out the main attractions in the regions.

This is a general guide to the country, the regions and the towns. By having a clear idea of your requirements we can advise you on the best options and supply you with information for your specific requirements and the suitable properties i.e. retirement home, holiday property, investments - for resale or lettings, or industrial property - warehouse, production facility or just land with favorable development possibilities.

It is strongly advised to take a trip to Bulgaria either a holiday package or a viewing trip, in order to get an idea of the country and what exactly you can expect and to look for.

Bulgaria, the land of the roses, is a small country of ancient culture, scenic beauty, friendly people, hospitality and warmth. Situated in south-eastern Europe, it occupies the central part of the Balkan peninsula on both sides of the Balkan Range (the Balkans), from which the peninsula has taken its name. The greater part of the northern border with Romania passes along the Danube. Meanwhile, the eastern border is the Black Sea. The land borders with Yugoslavia and Macedonia to the west, with Turkey to the south-east, and with Greece to the south. Bulgaria is a beautiful mountainous country, with tourism opportunities being one of its biggest assets. Not only does it possess beautiful landscapes and beaches, but also it is becoming truly a resort paradise. The Black Sea Coast on its East border is famous for its fine sanded beaches, and perfect water and air temperatures. The larger seaside resorts draw huge crowds of tourists from Western Europe, who are attracted by the low prices. Furthermore, Bulgaria has around 600 natural mineral springs, with water temperatures ranging from 20 to 60 degrees Celsius, whose baths and health spas are famous tourist attractions. There has been very little done, however, as far as development and improvement of facilities is concerned. The spring water is rich in mineral elements and often runs unattended. Bulgaria is situated in Southeast Europe and occupies an area of 111 000 sq. km in the eastern part of the Balkan Peninsula. The average altitude is 470 metres.

Population: About 8 million
Capital: Sofia, population over one million
Some large Cities: Plovdiv, Varna, Burgas, Ruse
Religion: Predominantly Eastern Orthodox, The Church is autonomous-headed by a Patriarch.

Politics: Bulgaria is a constitutional republic. Curiously, the current Prime Minister is Simeon Sax Koburgotski (a distant relative of Queen Elizabeth II) who as a child was crowned Tzar of Bulgaria and then exiled after a 1946 referendum which abolished monarchy. Bulgaria is a candidate member of the EU and NATO. Bulgaria hopes to join the EU no later than 2007. Extensive legislative efforts are under way to harmonise Bulgarian legislation with the EU legislation and encourage development and growth of a market economy.

Economics: Bulgaria is undergoing a transition from centrally planned economy to a market one. Tourism and agriculture emerge as the main industries. Wine is Bulgaria's biggest export. Over 90% of Bulgarian land was never fertilized with non-organic fertilizer. Hence, the potential for organic only farming. Bulgaria's work force is well educated & not expensive.

Nature & Tourism: To the East Bulgaria borders entirely the Black Sea. Beautiful sandy beaches cover nearly 55% of the coastal line & attract numerous local and foreign visitors each year. The Black Sea is an enclosed sea that connects to the Mediterranean via the Bosporos. Hence, the water temperature is higher than that of the Atlantic ocean. It is not unusual that on a hot summer's day sea temperature reaches 25°C. Bulgaria boasts several magnificent mountains. The Rhodopes, home of the popular ski resort Pamporovo. Rilla Mountain, home of the popular ski resort Borovets. Stara Planina Mountain range which crosses the country East/West dividing it into North and South Bulgaria respectively. Pirin a home of 45 peaks each above 2590 m and the emerging ski resort Bansko.The numerous nature reserves & natural parks offer great opportunity for outdoor pursuits such as mountaineering, bird watching etc.

Language: The official language is Bulgarian and uses only the Cyrillic alphabet. To facilitate
tourists, road and direction signs in populated areas, resorts, railway stations, airports and along the main motorways are also spelled in Roman letters. English, German, French, Russian and other languages are spoken in the country.
Time Difference: Winter: GMT+2H (October - March); Summer: GMT+3H (April -September).

Public holidays: January 1st- New Year
March 3rd - National day of the Liberation from Ottoman Domination
Easter - Two days (Sunday and Monday) according to the Orthodox calendar
May 6th - St. George's Day
May 24th - the Day of Bulgarian Enlightenment and Culture and Slav Script
September 6th - National Day of Bulgaria's Reunion in the year of 1885
September 22nd - Independence Day
November 1st - Day of the Bulgarian Revival Leaders
December 24th-26th - Christmas Eve and Christmas
December 31st - New Year's Eve

The Bulgarian Currency: The unit of currency in Bulgaria is the lev, divided into 100 stotinki. The Bulgarian National Bank is the bank of issue and handles government funds and state-owned enterprises. On the 5th of July, 1999, the Bulgarian National Bank acted on the previously announced re-denomination of the Bulgarian Lev by introducing new banknotes and coins. The Bulgarian Council of Ministers together with the National Assembly passed and enacted a package of laws and decrees outlining and regulating the re-denomination well before the 5th of July, 1999. The entire process was performed in order to facilitate all payments, as well as all accounting and exchange operations. Simultaneously with the re-denomination, the Bulgarian National Bank began to circulate new banknotes and coins.

Regions and Cities : The 1987 law-enforced administrative-territorial division of the country divides the territory into 9 administrative regions, 279 municipalities and 3913 mayoralties. The local authorities are responsible for the implementation of the laws and the fulfilment of the approved regional development programs. The community network comprises 5336 communities, of which 238 towns, 4445 villages and 653 hamlets. Each region varies and not one is the same as the previous. Each region has its own diverse ecology with a unique character.

 
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CONTACT US
VALYO LTD - REAL ESTATE AGENCY
3A Gen. Kiselov street, Dobrich 9300, BG
Tel: +359 889 524611
Tel: +359 888 655893
Tel./Fax: +359 58 603736

E-mail: info@valyoltd.com

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Property in Bulgaria