Bulgaria Property at Premier Apartments.

Bulgaria Property Details

Bulgaria Property Land Opportunity
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Land Opportunity

Location: Bulgarevo Village – between Kavarna and Balchik
               ­ Kavarna - 15 km
               ­ Balchik - 15 km

Size: 31270 Sqm

Estimated Reg: Kint 2.0, 50% site coverage, height - 13

Price: €40 per sqm in regulation

Details: The plot is located in the front line of the Black Sea coast, bordering a historical record. There are rocks in front so you can enjoy the magic of the the Black Sea from a location with a perfect view. Near by a military airport soon to be in blast.

Ownership of Property:

Current legal Position
Foreigners are allowed to own buildings in Bulgaria but they are not allowed to own the land. The simple solution is for property to be purchased through a Bulgarian company. Bulgarian law allows Bulgarian companies to be 100% foreign owned.

Resolution laws
In common with other Eastern European countries, Bulgaria made provision for the return of property to owners whose property had been confiscated during the communist era. Land restitution was finalised in 2000, and the process of restitution of agricultural land was completed in 2001. At the end of 2002, 92% of woodlands and forest land had been restituted. A land parcels register is being established, and the second phase of land reform, which is the consolidation of land, has started.

Additional Costs

Additional costs one may expect are as follows:
» Brokers fees of 2-3%
» Municipal taxes on land acquisitions of 2% of cost
» Notary and legal fees of around 0.5%

Additional Information

Hot and cold mineral water has been sought out by health enthusiasts the world over.  Europeans have gone to the hot baths since ancient days.  Traditionally these waters have been used to treat many physical ailments.  The mineral water in the area is odorless, tasteless, and colorless.  It can be likened to Evian or other pure mineral water.  Imagine, being immersed in or drinking such pure natural water, it is silky smooth!
Because of the mineral content you can soak in the water for hours and not get "pruned" hands or feet typical of other hot tubs or pools.  Mineral water doesn't have the high chlorine content that irritates your skin.

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