Real Estate Services Bulgaria – Sofia:
The prices of residential properties in Sofia have soared in the last 3 years.
Turning your attention to the Real Estate Services offered by Balkan Europe business spa gives individuals and companies the opportunity to purchase residential and commercial properties in the three most important cities of Bulgaria, Sofia (the capital), Varna and Burgas (on the Black Sea)
Only in 2016, the growth in value deriving from a real estate investment was 9%. The low interest rates on deposits and the excellent conditions of mortgages are the basis of an unthinkable growth in the majority of the Member States of the EC. of Western Europe.
In the third quarter of 2016 the average price of apartments sold in Sofia was 930 euros / square meter, or 136 euros / square meter more than in the same period of 2015. The average selling price of residential houses in the period July – September amounts to at € 94,400 compared to € 87,100 in the previous quarter and € 79,800 at the beginning of the year. Real estate purchases in 2017 had a further increase in the offer due to the completion of new projects, giving a further 7%.
In the first half of 2018, the increase in the real estate value resulting from a prudent purchase increased by a further 10%, bringing the increase in real estate purchase value to just + 26% in just 30 months.
Investment in real estate services in Bulgaria is an excellent business opportunity and medium-term profit.
It is estimated that Bulgaria’s current geo-political and commercial conditions as a strategic point of connection between Asia, the Balkan area and Western Europe, may bring a further increase estimated between 15% and 35% over the next five years. real estate investments.
Investing In Real Estate services in Bulgaria there is a good economic and geographical knowledge of Business.
Real Estate Situation in the European Community and opportunities in real estate services:
From the beginning of the 2008-2009 crisis to the present, the real estate market has passed through a series of downwardly fluctuating cycles.
In 2011, two years after the 2008-2009 crisis, the level of the price index in Europe reflects the economic condition.
Faced with the shock caused by the two-year crisis, the reaction of residential markets in Italy compared to the European average is profoundly different. While at the end of the two years, the average price in the EU has fallen by 5.2%, in Italy it has increased by 3.8%. If for the average of the European countries the adjustment to the crisis takes place on the side of prices and quantity, in Italy the values continue to increase and the sales fall. The adjustment therefore takes place on the side of quantities and not prices.
Q1 2010-I quarter 2012
This is a relatively similar situation in Italy and Europe, in terms of price changes. In Italy the change in the period considered marks a positive value, but very low (+ 0.4%), while the EU average still marks a slight negative change in the same period (-0.3%).
This survey on the value of buildings certifies that the investment resulting from the purchase of a property does not involve profits over three years.
2012-2103 two-year period
These are the years of the turning point. In recent years, nominal GDP has fallen further in Italy, while spreads and debt are growing, and the first signs of the banking crisis are beginning to appear. Taxes on real estate assets also increase. In addition to the fall in sales, there is also a fall in house prices in Europe (especially in Italy, Spain and Greece). If the EU average shows a -1.2% in Italy, Spain and Greece there is a much higher -11%.
We are witnessing a recovery in prices throughout the Union, while the descent in Italy is beginning to diminish. Between the first quarter of 2014 and the third quarter of 2017, the EU average index rises by 14.8%, while in Italy it is still down by -5.1%. Also, thanks to this fall in values, in Italy we are witnessing a resumption of sales: between 2014 and 2016 the number of trades sold rose by about 27% and continues also in the quarter of 2017 compared to the corresponding ones in 2016. According to the analysis of the Revenue Agencies, the crisis in Italy has made its effects felt on nominal prices with a certain time lag, which has dragged on due to the second crisis of 2012, which was much more acute than the rest of Europe, marked by a more pronounced fall in GDP than in other countries and by a slower economic recovery. While noting the crisis in the real estate sector throughout Europe, Italy has shown in the last 30 years (from 1990 to 2018) a depreciation deriving from property purchases of a – 30%. It is clear that taking advantage of the real estate services offered by Balkan Europe business spa is an opportunity not to be missed. Our company has received a mandate from a well-known Sofia real estate company for the promotion and sale of commercial and private properties located in the Bulgarian territory and made available to foreign customers who intend to invest in an inflated sector in many Western European countries but still growing strongly in Bulgaria. We will assist you at 360 ° in the real estate services offered by our Company, from notarial contracts, to the legal certifications as well as in all those researches aimed at ascertaining that the asset is free from mortgages or bonds of any kind. Our company has received an exclusive mandate from a well-known Sofia real estate company for the promotion and sale of commercial and private properties located on Bulgarian territory and made available to foreign customers who intend to invest in an inflated sector in many Western European countries but still growing in Bulgaria. We will assist you in the contracts, in the inquiries and in all those researches aimed at ascertaining that the asset is free from mortgages or bonds of any kind.
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Balkan Europe SPA offers a complete service for every type of company from 0 to a company ready to be top on the market!
Frequently asked questions
Why buy a property in Bulgaria?
Because in the last three years, property values have risen by around 30% and the building real estate market is growing strongly, especially in Sofia, where the construction of ultra-modern apartments and offices is constantly growing.
Is it worth buying even on the new?
Yes, even if in the area of Vitoscha central pedestrian and neighboring it is convenient to find old buildings or even the few dilapidated (if they are for sale) and then simply wait for the growth of value or restructure.
How much does legal assistance cost?
The cost of legal assistance is our responsibility.
Do I have a translator that certifies the genuineness of the writing of the transcribed part in the Bulgarian language?
Certainly yes, it is a professional linguistic interpreter certified by the Court of Sofia belonging to our staff.
The notarial documents of the purchase and the documents in which language are they made?
In Bulgarian and the language of the buyer.
Do I have legal assistance in purchasing?
Certainly, you will be assisted by our lawyers, who will supervise the operation in order to protect you civilly and criminally.
Do you currently have properties available for sale?
Just consult our showcase.
How much does linguistic assistance cost?
The cost of linguistic assistance is our responsibility.
In case of purchase for investment if I wanted to rent?
We are able to manage the lease with the right guarantees and profitable values for the investment.
How much does the assistance and mediation of Balkan Europe business spa cost?
The cost of assistance and mediation provided by our company is included in the sale price agreed with the property owner.
Sofia – Bulgaria – Cap 1000
Boulevar Nikola Petkov 52
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