BULGARIAN PROPERTY COUNTRY HOUSE AND LAND - BULGARIA
NICE 2-STOREY BULGARIAN PROPERTY - GREAT LOCATION
NEARBY MINERAL WATER-WELLS AND SPAS!!!
Spacious 2-storey house with 5 rooms in peaceful village.
The 1st floor has a corridor and 3 rooms. Through one of the rooms you can reach the attached building which has another 2 rooms and space for bathroom.
The attached building can also be entered through an external door.
The 2nd floor consists of a corridor, 3 bedrooms and a balcony.
There is stone foundation around the house.
There is water and electricity.
There is car parking space in the garden.
100% FREEHOLD & REGULATED!
Plot of Land = 1392 m2
IT'S 100% FREEHOLD AND REGULATED!!!
VILLAGE OF GORNA STUDENA & REGION
Gorna Studena is 19 miles from Svishtov and the Danube. The village is large and well-developed with good infrastructure. It provides all basic amenities, such as shops and bars, a historic museum, a church built in the 19th century and regular bus transport to neighbouring towns and villages.
Curious fact – Studena Point in the Anvers Island in the Palmer Archipelago, Antarctica is named after the Gorna and Dolna Studena villages.
Gorna Studena is very well located next to the main road Sofia - Pleven - Ruse/Sofia - Pleven - Veliko Turnovo. Its vicinity has a number of small lakes and dam providing great conditions for fishing and outdoor recreation. The nearby Village of Ovcha Mogila is known for its mineral water-wells and spas.
THE VILLAGE OF OVCHA MOGILA & ITS CURATIVE MINERAL WATERS:
The availability of curative mineral waters defines the development of the Village of Ovcha Mogila as a SPA resort. The climate is temperate continental. The average annual temperature is 12oC.
The mineral waters are hyperthermal, moderately mineralized and slightly alkaline. They contain chloride, sulphates, sodium, calcium, and little amount of iodine, bromine, fluorine, and potassium. The influence of the mineral waters is especially favourable for:
- Diseases of the locomotory system
- Diseases of the nervous system
- Gastric and liver diseases
- Metabolic disturbances
- Skin diseases
- Gynecological diseases
The highest and most beautiful waterfall in Bulgaria - Krushuna Waterfall - is located only 25 miles away from the Village of Gorna Studena.
It's a very peaceful and well appointed village, offering perfect conditions for year round living. And the easy access to the Towns of Levski, Pavlikeni and Svishtov makes it even more attractive.
IT'S A VERY ATTRACTIVE AREA. THERE ARE ALREADY SOME FOREIGN INVESTORS THERE!!
The coastal City of Varna with its famous beach resorts and international airport is about 145 miles away.
The village is located approximately 140 miles to the capital City Sofia & International Sofia Airport, and about 95 miles away to the City of Bucharest (RO) and its International Airport "Otopeni". Also not too far is the lovely architectural City of Ruse, only 54 miles away, bordering Bulgaria and Romania on the Danube River.
It is only about 40 miles to the historical and touristic City of Veliko Turnovo. Located on the famous "River Yantra" (the 3rd longest Bulgarian tributary of the Danube River), "VT" is one of the most popular destinations for tourists in Bulgaria. From its rich historical value to its thriving modern nightlife and lush natural surroundings that provide many excellent opportunities for outdoor recreational activities, Veliko Turnovo offers you everything you could ever want for the perfect holiday!!
Next to Veliko Turnovo is the famous Ski Resort Uzana.
This really is a property with potential !!
SVISHTOV & REGION
Svishtov Municipality is situated in the northernmost part of Veliko Turnovo District and borders through the Danube River the Republic of Romania and the following municipalities: Polski Trambesh in Veliko Turnovo District, Tsenovo in Ruse District, and Levski in Pleven District. This is where the southernmost point of the Danube river is located, which means it is the shortest way from the Danube River through Stara Planina and the Valley of Maritsa River, to the Aegean Sea.
Svishtov is one of the leading industrial and agricultural centers in Veliko Turnovo District developing a mixed type of economy. In its territory there are presently 120 official archaeological, art, and architectural monuments of culture of local and national significance. The "Town Museum of History", the "Ethnographic Museum", the "Aleko Konstantinov House-Museum" in which the heart of the great Bulgarian is preserved in a glass vessel; the "Holy Trinity Church" which is the most interesting architectural monument; and many others.
VELIKO TURNOVO & REGION
The Historical Veliko Turnovo, located on the famous "Yantra River" (the 3rd longest Bulgarian tributary of the Danube River) is one of the most seeked destinations for tourists in Bulgaria.
Situated at the foot of Stara Planina Mountains in North Central Bulgaria, it attracts many tourists due to its unique architecture and history. The houses, stacked one above the other, situated on the sloppy hills of the city show a remarkable, unique architectural style.
Even as an ancient city, Veliko Turnovo has modern and original bars, eateries and shops as well as the ultra modern Grand Central Mall (One of Bulgaria's largest), with a multiplex cinema, shops, atrium and kids play area, there is definitely something for everyone in the mall alone. Veliko Turnovo's museums are varied and show the history of the ancient city as well as present some relics of the past.
The closest ski resort is in "Uzana" (pics below), the geographic center of Bulgaria, located at about 28 miles from Veliko Turnovo. There are several hotels in the resort which provide tourism opportunities and good conditions for relaxation among the quiet and calm atmosphere of the mountain throughout the year. The surrounding sites of Uzana are suitable for spaleology and rock climbing. There are possibilities for cultural tourism in the region. In the nearby open-air "Ethnographic Museum Etara" people can learn more about Bulgarian crafts. The "Sokolski Monastery" is situated a few miles away from Uzana.
From its rich historical value, to its thriving modern nightlife and lush natural surroundings that provide many excellent opportunities for outdoor recreational activities,
Veliko Turnovo offers you everything you could ever want for the perfect holiday or day out!!
A bunch of stuff you probably won't read, but should
The buying process
Depending on how you buy you will be asked to sign a preliminary sales contract between you and the seller. This can be checked by your lawyer either in your home country or Bulgaria. The official exchange of contracts is managed by the notary, who works for the government and represents both the buyer and seller. The presence of a notary does not however reduce the need for a lawyer, who should review all of the contracts prior to exchange and notaristion.
Signing the Notary Act
Signing the notary act (sometimes referred to as the notary deed, purchase contract or final contract, which is equivalent to a title deed) is the final step in taking ownership of your property. If you’re unable to be present at the signing, you can have your lawyer sign it on your behalf if you’ve given him/her power of attorney.
You also need to be aware that you will need to file an annual tax return for your company. In almost every case your company accounts will be ‘zero’ (no trading for the entire year). Nevertheless, unless you can read and write in Bulgarian and are familiar with the Bulgarian tax system, you will need a Bulgarian accountant to ensure that your tax return is filled out correctly. It is always worth getting the experts in...Bulgaria has different property laws and regulations to the UK. Seek advice on possible fees, taxes, insurance issues, local authority rules and possible pitfalls.
Before you start your Bulgarian property hunt you should decide exactly what you are looking for. This sounds obvious, but clearly identifying your goals before you start can save time later. Do you want to build your own house, renovate an existing property or buy off-plan? Are you looking for a quiet rural retreat, a city centre property, a mountain chalet or an apartment on the Black Sea coast?
In some rural areas services are limited, with many villages having few shops, bars or restaurants. You will definitely need a car, and it is a good idea to choose an area that is close to a large town or city for shopping or a night out. Although people in the Bulgarian countryside are usually very friendly and welcoming, few will speak English. The number of foreign residents in areas like Veliko Tarnovo has increased dramatically, but don`t expect a well developed expatriate community like parts of Spain.
If you are relocating permanently then consider renting first, so you can get to know the area really well before taking the plunge. Visit several areas at different times of the year, to get a real picture of what they are like. You may also need to consider access to medical care or good schools if you have children.
Another important task before you begin looking for property is to set yourself a budget. This should be realistic in terms of your financial situation, but also with regard to actual prices currently being paid on the ground in Bulgaria. No use setting yourself the unrealistic goal of buying a luxury apartment with sea views for 10,000 GBP! Rather than wasting your time, consult the typical prices on the internet, which will give you an idea of the current prices being paid in each area. However, remember that prices are rising extremely rapidly in some areas, so they should only be used as a guide.
If you are buying a resale or old property it is important to include the costs of all necessary renovation work in your budget. Get a builder or architect to give you a detailed estimate before embarking on the purchase, so you know what you are getting yourself into. When setting your budget you should also factor in the costs involved in the purchase, such as legal fees. If the property is unfurnished you will have to include the cost of furniture in your budget. Furniture is much cheaper than in the UK, but kitting out a whole house or apartment from scratch can still be costly.
Once you have set your budget, the next step is to get the necessary financing in place, so the money is for the purchase is ready. Acting quickly can be important as the best properties are often in high demand. Have enough money for the initial deposit ready and make arrangements for funding the rest of the purchase.
Set yourself an objective. Most people buy for one of these reasons:
1. Buy for capital appreciation
2. Buy to let
3. Buy to renovate and sell at a profit
4. Buy as a permanent residence
5. Buy as a second home for own use
If you want an income from the property all year round, remember an apartment in Sunny Beach can only be let over the summer period, but a property in Bansko will appeal to holiday makers 365 days year. By helping you to identify your objective Emerge will be able to locate your dream home, and not waste your time showing you properties that are not suitable. To ensure you make the right buying decision think about advantages and disadvantages in terms of location, facilities, access, infrastucture, future developments and reselling opportunties. As a buyer you can enjoy complete confidence in your investment if you have gathered the right information first.
Decide on the type of property you want
Set a realistic budget, not forgetting to include purchase costs
Decide on the areas that will be of interest by reading guide books etc.
Research further into each area on the internet
Make the necessary financial arrangements for the purchase
Make contact with a Bulgarian solicitor
As one of the most rapidly advancing nations in Europe, Bulgaria has become a byword for international property investment. In fact Bulgaria is probably the most popular property investment destination for British buyers who invest in thousands of properties each year.
Bulgaria is one of the least populated European states. The country is approximately the size of England but with a population of less than eight million people. As well as eleven blue flag beaches Bulgaria has 354 km of Black Sea coastline, 37000 km of hiking paths in the mountains, and a series of almost unpublicised Roman, Greek, and Thracian historical attractions including nine UNESCO world heritage sites.
Within the property market Bulgaria is turning towards a better standard of development; only granting permission to the highest quality projects, and taking care to protect the national parks and natural resources, which have provided such an attraction. The world trade organisation forecasts that this year Bulgaria will be visited by millions of tourists, becoming one of the worlds most promising international tourist destinations.
After emerging from Communism in 1989 Bulgaria existed under a series of weak coalition governments, a situation which persisted until the election of a government devoted to free-market principles in 1997. This year was the key turning point for Bulgaria, and also saw the creation of a currency board which tied the Bulgarian lev first to the German mark, and then to the euro. This was a move which contributed materially to economic stability.
The countries history of communism, combined with the slow start to the market economy in the 1990s meant that property prices in Bulgaria were significantly below realistic values. It was partly these extremely low prices combined with EU accession that stimulated the demand for investment property in Bulgaria.
The country has an advantageous geographical position, an educated work force, and miles of beautiful coastline. The beaches are clean, and the skiing in the resorts is as good, if not better, than any destination in the world. A part investment/part holiday home is easily possible in the villages. Prices remain relatively low, and Bulgaria appeals to seasoned investors just as much as it does to first time buyers seeking a foothold on the property ladder!
When Bulgaria shook off the shackles of communism in 1989 buying a property there would have been laughable, now its one of the worlds hottest property markets offering something for everyone. The Bulgarian National Statistic Authority noted that property prices have grown at a rate of up to 36% a year in some areas. Knight Franks Global House Price Index which analyses house price growth world wide, registered Bulgaria as having the fastest growing property market in the world in 2007. Prices are predicted to grow at the rate witnessed during the Spanish market boom, as all the figures point towards a fantastic opportunity for property investment. The Royal Institute of Chartered Surveyors European Housing Review, confirm that Bulgaria had the highest level of house price growth throughout Central and South Eastern Europe in 2006, and the highest in the world in 2007.
The country is both diverse and stunning. There are mountain and sea resorts which have breathtaking views, and a perfect balance of the old and new. The weather in the summer is hot and Bulgaria has a shorter winter than the UK. Tourism is booming, and the sea resorts attract holiday makers from all over the world, as do the ski resorts in the winter. The economy is strong and banks are opening the doors to foreign investors. Bulgaria is now a member of the EU, and has an educated work force in all towns and cities.
Life is crime free, stress free, and laid back in the villages. Your neighbours will always give you a warm greeting, and insist on cooking you a meal and sharing home made rakija! People that live in rural Bulgaria are often poor but will want to share what little they do have to make you feel welcome. The people are kind and generous, and if you respect the customs will go out of their way to help you.
You really will find that this is a country that has something for everyone, and will want to return again and again.
The only way to really evaluate the potential of your chosen property is to view it. Emerge are very much a one stop shop, and will arrange your airport collection and hotel booking. If you wish you can stay in one of the companies properties for free. Staying in a village house will show you what the culture is really like, and we promise you a very warm welcome from the locals if you do this. What better way could there be to see the real Bulgaria?
Expect to see up to 7/8 properties a day so be ready for a busy but fun time. All you need to do is book your flights and leave the rest to us. If you are busy at work let us know, and we can book them for you. Emerge will put everything in place for your visit, and personally care for you during your time with us. All you need to do is turn up, relax, and let us plan your entire trip from start to finish. One of our fluent speaking English hosts will accompany you on each viewing trip, and be on hand to answer any questions you may have.
To get the most from your visit look at the experience as a business trip. See what you want see, take the time you need, and get space on your own to discuss the pros and cons. Be honest, if you are not keen on the properties you are viewing, say so. If you give the impression a property is perfect when deep down you hate it, your guide will think they are on the right track and keep taking you to similar places. Be clear about what you like and do not like, nobody will be offended if you tell the truth - remember we want to show you suitable properties as much as you want to see them. Let us know your requirements before you travel. How many bedrooms, size of garden, parking, style of property, location, budget. We can then prepare a profile so potential properties can be matched to this criteria. To find the perfect place, you need to view properties in your budget, in the right style and location.
Then sit and think about it for a while. We never apply pressure, it is not our way.
Let me introduce myself. My name is Paul and I would like to tell you how my business Emerge (UK) ltd was formed. I hope it gives you an idea of how this company will treat you as a client and the reason why.
I first travelled to the country for a holiday in 2006 and liked it so much I decided to purchase a property in Bulgaria. The same as you I had doubts about buying property abroad, so I decided to find out as much about the process involved when buying property in Bulgaria as I could. Having graduated in law I more than understood the importance of seeking the advice of a lawyer specializing in Bulgarian property law.
To be honest the experience I had was pretty poor. The developers I spoke to wanted me to pay a deposit there and then and didn't want me to seek advice from Bulgarian property experts. I discovered that the property agents were putting a huge commission on each sale for themselves and paying the true owners a small percentage of the profit. The people from the villages were poor and selling the one asset they had for a fraction of its true value. The only people who appeared to be making any money from the sale were the middleman, who were raking in "many Pounds" from villagers who did not understand Bulgarian property law and the process involved. The village owners were kind people who didn't realise the true value of the property they were selling. The houses had often been passed from one family member to another for generations.
On my return to the UK it was time to collect my thoughts and decide on my next step. Having seen how some developers conducted business I knew I could better. There was only one thing for it - two weeks later I returned to Bulgaria and Emerge (UK) ltd was formed and registered in the court of Rousse.
Since then people from all over the world have visited Bulgaria and viewed property with us. Our way of conducting business is to let clients make their own mind up about the buying decision. If a client does purchase a Bulgarian property from Emerge it will be because of a choice they make themselves, not because of a salesman on commission making a hard sell. It is always recommended that clients return to the UK to discuss their trip with family and friends before committing. This allows time to decide if buying property in Bulgaria really is the right choice to make. If so, the whole process can then be undertaken by giving POA to a lawyer.
This is how the underlying principles of my company were formed, and these values are at the core of how Emerge conducts its business.
Here is my personal promise to you...
Emerge (UK) ltd will always be honest and truthful. The company will be fair when selling on behalf of Bulgarian villagers who are often far to willing to let the agent take all the profit. We will never hard sell and always give you a cooling off period. This will give you time to decide if buying Bulgarian property really is the right choice for you and your family.
What started as a holiday has now become a full time business taking me away from law. Buying a property in Bulgaria would have been laughable a decade ago, now its one of the worlds hottest property markets offering something for everyone. I have a solid knowledge of buying Bulgarian property having purchased in Varna and other towns and villages throughout the country. I promise you an open and trusting relationship which really is the key for my clients making a successful investment.
Thank you for taking the trouble to read this listing.
And remember - Emerge has plenty of properties for sale in Bulgaria.
Please email us with details about the type of property you are looking for with regards to budget/area/land size etc. An idea about the reason why you are buying also helps to locate the right house. For example, do you want a rental income, holiday home, or a village house to renovate and sell for a profit? This information will enable Emerge (UK) ltd to forward offers that are going to be of interest and will tick all the boxes!
We will be delighted to email you some exciting offers.
Good luck with your property search!!