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The Portugal Property Network is a collaboration of real estate agents and individuals offering properties for sale in Portugal .

By combining the marketing power and resources of multiple real estate agents, a high profile internet presence and traditional marketing methods, The Portugal Property Network can offer property sellers a powerful tool for selling your Bulgarian properties.

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The powerful real estate software behind The Bulgarian Property Network was developed by our business partner Cyber Creative. They are a web development company based on the Costa del Sol, Spain. Cyber Creative has been building real estate software and websites for over 6 years and have become specialised in the area.

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Portugal Property News

  • Work Permits for Third-Country Foreigners working in Bulgaria

    EU citizens do not require a work permit or residency permit to live and work in Bulgaria, but foreigners deemed to hail from a "third country" must apply for one, although there are some exceptions to the rule.

    Third-country citizens who do not require work permits are either individuals with long-term or permanent residence in Bulgaria, members of boards of directors of companies who are not working under an employment relationship for remuneration, commercial representatives of foreign companies and managers of companies or trade branches of foreign business enterprises or entities.

    Work permits are issued by the National Employment Agency of Bulgaria. The stay and work permits for third-country nationals are divided into four different categories:

    short-term stay of up to 90 days long-term stay of up to 1 year long-term stay of up to 5 years with an option to extend residency with unlimited period How to apply for a Bulgarian work permit

    This is either done via the employer directly or via a law firm based in Bulgaria. Usually, the employer will submit the necessary documents to the Employment Service Directorate.

    The Employment Service Directorate will send these documents to the executive director of the National Employment Agency within 3 days of a received application. This will be accompanied by an opinion on the application made. The executive director will make a decision usually within the space of one month, whether to grant or refuse a work permit issue.

    What documents must be sent to the National Employment Agency?

    The application must not just specify the place of work, where the third-country national is going to work in Bulgaria but must also specify:

    the contract of employment how many staff are employed on average for the previous 12 month period copy of passport or ID, which must be valid for at least 7 months after arrival in Bulgaria any other documents specifying the nature of the job and what is required by regulatory documents, such as professional licences for example if the staff member coming to Bulgaria is a senior management member of staff or an expert of a foreign legal entity they will need to submit an officially notarized document certifying the job offer made to the third-country national or what position the staff member held within the legal entity over the previous 12 months.

    In addition, foreigners from third countries must ensure that they have a residency permit. Foreign nationals who can get a continuous residency permit are either persons who undertake commercial activities in Bulgaria and do so by employing at least 10 Bulgarian citizens, representatives of third-country companies and foreign specialists who are staying in Bulgaria under international treaties, such as diplomats for example.

    If you are an entrepreneur investing in a Bulgarian business or starting one in the country, a lawyer will be able to make both the application for work permit and residency permit for you and any staff members you plan to bring with you from your own country.


    Article by Maria Thermann on behalf of Propertyshowrooms.com
  • Obtaining Bulgarian Citizenship by Residency or Investment

    Although EU citizens can travel and work freely throughout the EU member states, there are still some restrictions in place for those who wish to relocate permanently and for those who are from "third countries", meaning non-EEA countries and people who are not Swiss citizens. If you have bought a Bulgarian property and wish to retire to the country for example, there are two ways of obtaining permanent citizenship. The easiest way, although it will cost more money, is to hire a specialist law firm to arrange for immigration and deal with work permit requirements before you arrive.

    In addition to dealing with your permanent residency needs and work permit issues, a law firm based near your future home can also deal with arranging family permits for non-EU national family members who wish to join you. Some law firms in Sofia even offer planning services for child care and education or buying or renting property, both residential and commercial.

    EU citizens do not need a visa to stay in Bulgaria; typically third country or non-EU citizens can stay for 90 days from the date of entry or up to one year, if they are living there continuously. EU citizens who wish to stay longer than 5 years in Bulgaria can obtain a certificate that will grant them permanent residency and lead to full citizenship.

    Citizenship by Investment

    Since 2013, Bulgaria's government has offered a business immigration programme that can lead to long-term residency and, where applicable, to full citizenship. Since that year, foreign investors who spend more than 500,000 Euros or 1,000,000 BGN. One of the ways to obtain residency by investment is to either start or buy a company that is registered in Bulgaria. There are certain advantages doing this, as Bulgaria has one of the lowest flat tax rates in the EU (10% at the time of writing). Once the legal period of actually living in the country has been met, it is possible for non-EU residents to apply for full citizenship.

    If you happen to be from a third country, investing in a Bulgarian business or investing in Bulgarian real estate can provide you with EU nationality and visa tree travel throughout the whole territory of the EU. One advantage of choosing Bulgaria is that the investment is 100% refundable, if you purchase, for example, Bulgarian shares on the stock exchange or buy government bonds or similar investment vehicles. Doing so means you gain unlimited living and working rights throughout the EU territory.

    It is also possible to acquire permanent residency status by investing more than 1,000,000 BGN in a Bulgarian licensed credit institution for a time of no less than 5 years or by investing at least 6,000,000 BGN in the capital of a Bulgarian company, where shares are not traded on a regulated market. Investors who get involved with large-scale development projects, such as infrastructure for example, are also able to obtain long-term residency rights.

    If you are planning to invest in Bulgaria, be it in a company formation, a trade representative office or simply to retire or live and work in Bulgaria, it is advisable to consult a specialist law firm about residency, inheritance and taxation issues. Here are a few names of multilingual law firms:

    Delchev & Partners
    www.delchev-lawfirm.com
    8 Tsar Kaloyan Str.
    2nd Floor
    Sofia 1000
    Tel: 00359 888 408 216
    or 00359 2 993 0979
    CMS Law (Cameron McKenna Mabarro Olswang LLP/Bulgarian Branch Duncan Weston)
    https://cms.law/en/BGR/Office/Sofia
    Landmark Centre
    14 Tsar Osvoboditel Boulevard
    Floor 1
    Sofia 1000
    Tel: 00359 2 921 9910
    Pavel Pektov
    https://petkovlaw.eu
    100 Gotse Delchev Boulevard
    Entrance G
    Floor 4
    Apt 12
    Sofia
    Tel: 00359 876 705 765
    email Petkov.lawyer@gmail.com


    Article by Maria Thermann on behalf of Propertyshowrooms.com
  • Law Firms in Sofia

    Favourable corporate and private tax regimes have turned Bulgaria into a popular destination for international investors. Law firms based in the capital Sofia are already offering wide-ranging services in English, German, French, Spanish, Chinese (Mandarin) and Russian. If you are thinking of investing in a property in Bulgaria and perhaps are also looking into moving there to start a business, the whole process can be handled by a law firm to ease your way into your chosen new country.

    There are even specialist law firms dealing with the needs of developers, who need banking and financing services, as well as construction permits, title deed transfer and help with employment law matters.

    If you are planning to start a certain type of business, for example an online gaming enterprise such as a casino, you will need an EU gambling licence. Law firms in Sofia can arrange that for you. Or you may want to start a financial institution or open a medical or healthcare facility, for which you will also need a licence. Similarly, tour operators and travel agents must be fully licensed to run a business in Bulgaria. If you are planning to start a haulier business, you will need a transport licence and haulier company set-up to get started in Bulgaria.

    Investor Immigration

    Bulgaria offers investors a variety of ways to obtain the right to stay in the country. The Bulgarian investor program for residency makes it possible to obtain a permanent residency permit and citizenship through investment in, for example, government bonds, or by purchasing real estate or a company registered in Bulgaria.

    Another way to make use of this program is to open a trade representative office as a foreign company or to start a business from scratch. There are three principle types: a limited liability company and a joint stock company as well as the aforementioned trade representative branch. The program was introduced in 2013, and changes slightly every year, so contacting a law firm in Bulgaria is essential, if you wish to avail yourself of the advantages the program has to offer.

    If your choice is to buy an existing business, multi-lingual lawyers in Sofia can also help with the due diligence process and undertake valuations on your behalf.

    Buying Bulgarian Real Estate

    Apart from dealing with what in the UK would be called conveyancing, lawyers in Sofia can assist with title deed transfer and act as notary. In addition to making sure you are the new legal owner of an apartment or house in Bulgaria, you may want to make a will and have someone who will be able to administer your estate and deal with probate. Law firms in Sofia tend to specialise, so you may need to consult two different firms for all your needs. Not all of them deal with private clients either.

    Once you have bought or started your Bulgarian company's premises, you may want to arrange for insurance. Some law firms have specialists who deal with insurance and contract law.

    Starting a Business in Bulgaria

    Law firms based in Bulgaria can assist with company formation and registration of your business with the Bulgarian Commercial Register, but they can also represent you at general meetings of shareholders, so you won't have to be present at every meeting. In addition, they can help with taxation planning, VAT matters and corporate income and dividends tax.

    You will also need help with share transfers, if you are either buying or selling a business in Bulgaria. To keep costs down, it is possible with some law firms to be put on a retainer, which will cover many different aspects of your commercial dealings in Bulgaria.

    Here are three multi-lingual firms offering a variety of services: Vassilev and Partners
    www.kvlaw.bg
    78, Vitosha Boulevard
    Ground Floor, Office 1
    Sofia 1463
    Tel: 00359 2474 4306
    New Balkans Law Office
    www.newbalkanslawoffice.com
    19-B Patriarh Evtimiy Boulevard
    Sofia 1142
    email: sofia@newbalkanslawoffice.com
    Tel: 00359 2950 6239

    London office: london@newbalkanslawoffice.com Tel: 0044 207 183 0262
    Trifonov
    www.trifonov.info
    1 Tsar Asen Str.
    Sofia 1000
    email: office:trifonov.info and trifonov@lawyers.bg
    tel: 00359 32 624 104


    Article by Maria Thermann on behalf of Propertyshowrooms.com
  • Bulgaria's House Prices continue to rise sharply thanks to falling Interest Rates and stable Economy

    Bulgaria's House Prices continue to rise sharply thanks to falling Interest Rates and stable Economy

    So far most countries in the euro-zone have performed far better economically than expected. Among them is Bulgaria, where residential real estate prices continue to rise sharply thanks to strong performance of the country's economy, rising international demand and falling interest rates. Bulgarian apartments and villas, even in sought-after Sofia, are surprisingly cheap, starting from as little as £39,200 in some destinations.

    According to the Global Property Guide, Bulgaria's real estate market suffered five years of stagnation, only to see it replaced by a rapid recovery in 2016. This recovery is being led by Bulgarian capital Sofia, where house prices are now in the double-digit, putting a broad smile on the faces of some early-bird investors. Here a one-bedroom apartment on Saborna Street near the National Bank, National Theatre and Presidency will now cost around £197,000.

    Interest rates have continued to hover at almost Zero per cent on bank deposits, which is why more people began to invest in Bulgaria's real estate market in 2016. The growth in demand for cheap Bulgarian apartments and villas encouraged developers, and the continued rise in completed off-plan and pre-construction residential property transactions is most encouraging.

    Polina Stoykova, the Executive Director of Bulgarian Properties, a leading estate agency, said that 2016 had been a very "dynamic year for the Bulgarian real estate market and for the first time in many years the trend has been entirely positive. Of course, there is always a risk when making a purchase in early stages of construction, but people are more willing to take this risk because currently demand is higher than the supply."

    The fact that European citizens are now able to buy real estate, including land, has had a huge impact on the overall property market in Bulgaria, which is expected to remain strong throughout 2017, with demand in major cities, especially in the capital Sofia, to continue to grow. Supply is increasingly limited by fairly low levels of new construction projects. However, with the Bulgarian economy continued expansion, the construction sector should gain confidence and see better annual growth rates, too. According to the IMF, Bulgaria's economy is forecast to expand by a further 2.8% this year, having seen annual growth rates of around 1.5% since 2014.

    Bulgaria's nationwide house price index grew by 8.82% during the year to Quarter 3 in 2016, according to the National Statistics Institute (NSI), and house prices increased by 1.59% during that same quarter (1.29% inflation-adjusted).

    Before January 2012, foreigners were only able to purchase land in the name of a legal entity and could not own a Bulgarian property themselves. The lifting of this ban has enabled EU citizens to own a property as a private individual in their own name.

    Location, Location, Location

    In Sofia house prices rose by 14.4% during the third quarter of 2016, and have continued to rise sharply this year. By contrast, house hunters in Varna saw an overall increase in house prices of 5.9% in that same quarter, and similar figures for the first six months of this year.

    The most sought-after locations demand the highest prices, both in terms of asking prices for property purchases and in terms of rental values. In the city centre of Sofia and Lozenets district for example, demand for rental objects continues to be high, despite seeing the greatest increase in purchase prices in Bulgaria. Here prices now range from 1,200 to 1,500 euros per square metre. However, in the districts of Druzhba, Suhata reka, and Levski buyers could find apartments at an average price of 580 euros per square metre.

    Head into rural Bulgaria, or to the Black Sea coast, and it's still a veritable buyers' paradise for those with small budgets. A one-bedroom apartment in Elenite, Burgas, typically costs around £40,000, while the same budget will buy a 3-bedroom detached house in Dryanovo, Gabrovo, and Polski Trumbesh, Veliko Tarnovo. For a very modest £18,500, on the other hand, one can buy a one-bedroom apartment at the southern Black Sea coast, in Akheloy, Burgas.

    Bulgaria is also blessed with snow-capped mountains and ski resorts. In Borovets, a ski resort in Sofia region, a four-bedroom detached villa comes with a guide price of just £130,000. Bulgaria sees significant amounts of snow in winter, and can thus offer good holiday rental yields all-year round, not just during spring and summer.


    Article by Maria Thermann on behalf of Propertyshowrooms.com
  • Bulgaria's Borovets the Booziest Ski Resort in Europe

    A new report from ski tour operators Crystal Ski reveals which resorts have the most bars per sq km and although the French coined the term après ski, it is the Bulgarians that have taken the crown.

    The ultimate après resort, based on Crystal's research, is Borovets in Bulgaria with approximately four bars per sq km and pints of beer costing little more than £1 during happy hour.

    A representative from Borovets tourism office said: " To have quality après, you need quality avant-ski, and Borovets has that too. The ski-in/ski-out resort in the highest Balkan mountains combines perfect skiing conditions with daily visits to rich cultural and historic sites, unique local cuisine and unrivalled hospitality ".

    The reasonably priced and cheerful Eastern European spot came well ahead of the French Trois Vallées resorts of Méribel, with 2.2 bars per sq km, and Courchevel, with 2.1 bars, second and third place respectively.

    The lively resort of Pas de la Casa in Andorra came in fourth with around 1.8 bars per sq km followed closely by the more traditional Austrian ski resort of Schladming in fifth place.

    The French resort of Les Deux Alpes came sixth, Italy's Sauze d'Oulx and Livigno came seventh and eighth and a third Trois Vallées resort, Val Thorens, came ninth.

    According to the search engine analytics tool Google AdWords, the term “après-ski” was searched for more than 22,500 times between December 2014 and April 2015, proving that skiers and snowboarders are not just looking for a large ski area, but also for venues where they can let their hair down at the end of the day.

    Last September Crystal launched five different types of ski tours – Mile Muncher, Piste Princess, Gadget Guru, Park Rat and Après Animal, and incorporated them into the holiday search panel of the Crystal website.

    Vicky Hales, customer engagement director at Crystal Ski Holidays, said: " We get that our customers all love ski holidays for different reasons, and our Après Animal Ski Explorer character has been really popular on social media. Skiers can now search our deals by which character they are – so après lovers can find the perfect holiday ".

    The après research was based on 25 resorts in Europe, provided by tour operator Crystal Ski Holidays . Resort sizes vary. All bars counted are within the boundaries of the specified size of the resort.

    The Bulgarian resort sits at 1,300m and its slopes rise to 2,550m. The 58km of mainly intermediate pistes are served by 12 lifts. It also has two terrain parks, catering for all levels, and night skiing on eight runs. Snowmaking covers more than 60% of the slopes.

    Local folklore evenings are popular with visitors as are excursions to the capital Sofia or the UNESCO World Heritage Centre Rila Monastery.


    Article by +Roxanne James on behalf of Propertyshowrooms.com
  • Bulgaria's Property Market to Strengthen Further in 2016

    Property consultants Cushman & Wakefield reported a record year for foreign investment in Bulgaria last year with real estate sales contributing €239 to the economy, predicting a continued rising demand throughout 2015.

    After prolonged economic hardship following the global financial crisis, Bulgaria's property market remains at a huge discount to peak 2007 prices, attracting wealthy foreign investors with opportunities to acquire land and property at rock-bottom prices.

    Polina Stoykova, managing director of Bulgarian Properties said: " An important element of the new market reality is the return of confidence in the property market. More and more buyers are thinking of buying property because real estate is a safe real asset and good investment. This understanding coincided with a very favourable moment in the property market development because real estate prices are currently at levels from ten years ago and respectively, the properties are much more affordable. We could also add to the picture the improved mortgage conditions now offered by the banks ".

    Apart from price, another dynamic property investors are interested in is tourism. Most foreign investors seek to take advantage of resort properties with excellent occupancy rates that ensure consistent rental revenue streams in a growing market. Bulgaria has risen through the ranks as one of Europe's most popular alpine resorts, offering exceptional value for family ski holidays and with plenty of breathtaking beaches the country has a whole lot more on offer besides.

    Bulgaria enjoyed an extremely successful winter season in 2014/2015 that saw more than 80,000 visitors to its alpine resorts, boosting the nation's economy by €17.5m. According to the country's tourism minister Nikolina Angelkova, the number of visitors from Turkey increased by almost 30% as a result of the simplification of visa requirements while German tourists increased by around 17%.

    At the beginning of August last year, budget flight operators Ryanair issued a press release that is set to boost Bulgaria's tourism and real estate sectors moving forward into 2016. The airline's Robin Kiely said: " Ryanair is pleased to announce a new daily London Stansted to Sofia route beginning May 2016 which will go on sale on www.ryanair.com in September. Sofia is another key capital city airport and our second in Bulgaria as we continue to grow Europe's largest route network, with more routes and flights and improved schedules ".

    Property prices in Bulgaria have also been buoyed by weak supply due to limited construction. This has impacted markets in the country's large cities and resort areas the most and with off-plan investment opportunities thin on the ground, prices look set to continue rising.

    As a direct result of Bulgaria's fantastic winter season and the financial injection to its economy, property prices are forecast to stabilise as the economic recovery is consolidated. Modest price growth in both commercial and residential property sectors is expected throughout the year, matched by stable economic growth that will underpin investment in Bulgaria.

    According to a report by real estate researchers Colliers International , foreign investors are expected to steadily increase their exposure in Bulgaria's commercial property market throughout 2016, depending on the availability of product for sale. Investor returns will continue to be driven by rental upside, discounts on existing debt and lower interest rates and strong income generating assets in Bulgaria's commercial occupational markets will continue to attract more investment capital.


    Article by +Roxanne James on behalf of Propertyshowrooms.com
  • Confidence Returning to Bulgaria's Property Market

    Property consultants Cushman & Wakefield reported a record year for foreign investment in Bulgaria last year with real estate sales contributing €239 to the economy, predicting a continued rising demand throughout 2015.

    After prolonged economic hardship following the global financial crisis, Bulgaria's property market remains at a huge discount to peak 2007 prices, attracting wealthy foreign investors with opportunities to acquire land and property at rock-bottom prices.

    Polina Stoykova, managing director of Bulgarian Properties said: " An important element of the new market reality is the return of confidence in the property market. More and more buyers are thinking of buying property because real estate is a safe real asset and good investment. This understanding coincided with a very favourable moment in the property market development because real estate prices are currently at levels from ten years ago and respectively, the properties are much more affordable. We could also add to the picture the improved mortgage conditions now offered by the banks ".

    Apart from price, another dynamic property investors are interested in is tourism. Most foreign investors seek to take advantage of resort properties with excellent occupancy rates that ensure consistent rental revenue streams in a growing market. Bulgaria has risen through the ranks as one of Europe's most popular alpine resorts, offering exceptional value for family ski holidays and with plenty of breathtaking beaches the country has a whole lot more on offer besides.

    Bulgaria enjoyed an extremely successful winter season that saw more than 80,000 visitors to its alpine resorts, boosting the nation's economy by €17.5m. According to the country's tourism minister Nikolina Angelkova, the number of visitors from Turkey increased by almost 30% as a result of the simplification of visa requirements while German tourists increased by around 17%.

    At the beginning of August, budget flight operators Ryanair issued a press release that is set to boost Bulgaria's tourism and real estate sectors moving forward into 2016. The airline's Robin Kiely said: " Ryanair is pleased to announce a new daily London Stansted to Sofia route beginning May 2016 which will go on sale on www.ryanair.com in September. Sofia is another key capital city airport and our second in Bulgaria as we continue to grow Europe's largest route network, with more routes and flights and improved schedules ".

    Property prices in Bulgaria have also been buoyed by weak supply due to limited construction. This has impacted markets in the country's large cities and resort areas the most and with off-plan investment opportunities thin on the ground, prices look set to continue rising.

    As a direct result of Bulgaria's fantastic winter season and the financial injection to its economy, property prices are forecast to stabilise as the economic recovery is consolidated. Modest price growth in both commercial and residential property sectors is expected throughout the year, matched by stable economic growth that will underpin investment in Bulgaria.

    According to a report by real estate researchers Colliers International , foreign investors are expected to steadily increase their exposure in Bulgaria's commercial property market throughout 2014, depending on the availability of product for sale. Investor returns will continue to be driven by rental upside, discounts on existing debt and lower interest rates and strong income generating assets in Bulgaria's commercial occupational markets will continue to attract more investment capital.

     


    Article by +Roxanne James on behalf of Propertyshowrooms.com
  • Bulgaria Pulls out Stops to Boost Tourism after Bumper Winter Season

    Simplification of the visa requirements of Russian and Turkish visitors to Bulgaria introduced in February this year look set to significantly boost Bulgaria's tourist sector, an important economic driver for the country.

    Bulgaria's tourism minister Nikolina Angelkova recently reported 9% growth in tourism over an extremely successful winter season that saw an additional 80,000 visitors to its alpine resorts, boosting revenue a further €17.5m.

    She said that the number of Turkish visitors had increased by almost 30% as a result of the simplification of visa requirements while German tourists increased 17%, Austrian 7% and visitors from Israel by more than 20%.

    The visa application process was streamlined to try and improve visitor numbers from Russia and Ukraine in attempts to improve relations with the country after Bulgaria's support for EU sanctions and its cancellation of major Russian energy projects.

    More visitors are expected

    Angelkova commented on the upcoming summer season arguing that the preliminary forecast was optimistic except for the Russian and Ukrainian market, expected to decline by around 30% this year.

    However, more visitors are expected from other nations that could limit the shortfall for the coming summer season. Arrivals from Germany are expected to increase by around 5%, Israel 10%, France 4.5%, Lithuania, Latvia and Moldova 40% and Poland, Czech Republic and Belarus by 5.10%.

    The tourism minister suggested that the number of tourists arriving from UK and Romania was expected to remain unchanged, while visitors from Greece – one of Bulgaria's most important markets - are set to increase by around 10%.

    Bulgaria's government are also making headway to improve the country's tourism infrastructure and have been developing cultural and historical routes together with promotional material and maps that are available imminently.

    Bulgaria is a fantastic country for property investment because of its place at the base of a growth curve in its tourist markets. Bulgarian property prices remain low compared with pre-crisis levels there are some great yield opportunities in resort areas, both beach and ski. This is a country that has everything on offer to the discerning traveller and although relatively under-developed, the outlook is rather bright.

     


    Article by +Roxanne James on behalf of Propertyshowrooms.com
  • Bulgarian Holiday Rental Portal Captures Tourism Growth

    Bulgaria's tourism minister Nikolina Angelkova recently reported a bumper winter season (December-February) that saw growth of over 9%, representing an increase of almost 80,000 tourists.

    Commenting on this year's summer season, she said the preliminary forecast was extremely optimistic. An increase of 5% of German arrivals, 10% Israeli, 5% from France and a massive 40% increase in visitors from Lituania, Latvia and Moldova is forecast for summer 2015.

    Bulgaria has become an increasingly popular holiday destination in the last few years although its tourist sector is relatively undeveloped. With fantastic beach resorts and winter skiing, there's something for everyone all year around.

    Seeing a niche in the market, a new portal – Arendoo.com – is set to revolutionise Bulgaria's holiday property market. This is good news for the many British and Irish investors in Bulgaria's property market and presents an opportunity to capture growth in the country's tourism and make a good profit from it.

    Arendoo.com is a fully transparent, fully accountable rental portal that generates bookings as well as providing associated services such as cleaning, key exchange and linen changes. In a press release the portal states:

    " Arendoo.com is Bulgaria's answer to a decade of under-performing property assets. Charging owners only when property rentals are completed, arendoo.com's clients enjoyed their properties being let for more than 40,000 rented nights last year. "

    The portal's director Christophe Gater said: " Until now, British and Irish owners have had few professional options in the Bulgarian rental market. Most have naturally opted for the services offered by their complex reception but have suffered inexplicably low occupancy. It's time for accountability and full transparency in Bulgaria's holiday rental market ".

    Arendoo.com fills the void and communication between foreign owners and their holiday properties in Bulgaria. It is currently the only rental portal offering videos of listed properties and online log-in facilities for owners where they can view all bookings, transactions and monies owed. They also cover check-in and check-out together with cleaning and linen services so that owners overseas have hassle-free rentals in their absence.

    The portal arrives at just the right time as Bulgaria's popularity among international tourists is rising. Owners of property in the country's holiday hotspots now have a way to tap into visitor volume growth allowing them to enjoy more consistent rental income.

     


    Article by +Roxanne James on behalf of Propertyshowrooms.com
  • Bulgarian Tourism Sector Forecasts 8.5% Growth in 2015

    Deputy Mayor of Sofia, Todor Chobanov predicted growth of between 7% and 10% in Bulgaria's tourist sector this year, in a statement earlier this week.

    The improved outlook comes on the back of Bulgaria's strengthening economy which recorded its first Q1 budget surplus since 2009, with €128m in its public purse ripe for re-investment.

    Bulgaria's winter sun resorts had a spectacular 2014, recording an increase in visitor numbers of 9.2% to the nation's ski slopes during the season, according to Tourism Minister Nikolina Angelkova.

    Todor Chobanov presented Bulgaria's Regional Tourism Product Development project on Monday, part of a national scheme to invest in tourism infrastructure to support predicted growth in the sector.

    The local government project will see investment directed towards the municipalities of Sofia, Ihtiman and Svoge. The development package includes routes to over 20 historical, cultural, religious and natural sites in the three municipalities.

    Ivo Marinov, Director of Municipal Enterprise Tourist Service confirmed that Bulgaria's capital registered a 7% increase in tourist numbers in 2014, consolidating its position as the country's most important economic sector.

    Tourists have flocked to Bulgaria's ski resorts throughout the season although there has been a distinct rise in interest in the country's many spa hotels, adding another dimension to its tourist market.

    In terms of property investment, strong growth in tourism is a dynamic that adds value to a resort purchase. Bulgaria is an attractive destination all year round due to its rich landscape that features awe-inspiring mountains thick with snow during the winter and glorious sun-baked beaches on the Black Sea coast.

    As Bulgaria's tourism expands, its real estate market will be positively impact, with demand for properties in major cities and resort areas expected to see growth in 2015. Low levels of new construction will ensure that demand remains consistent although prices are likely to increase as a result.

     


    Article by +Roxanne James on behalf of Propertyshowrooms.com