(PRWEB) August 31, 2005
An Irish property investor in Sydney, Australia has created an investment kit that provides potential buyers with all of the relevant facts, figures and information to confidently buy Bulgarian property, which grew an average of 30% in 2004. "Bulgarian Property - The Overseas Buyers' Kit" contains a complete guide to the tax and ownership laws, calculators and various information-gathering templates.
During a trip to Europe at the beginning of 2005 Tim Wright, creator of the kit, found that the Bulgarian property market was a hot topic although some people showed great reluctance to invest in an unknown market place. The package was designed to answer potential investors' questions and to provide the tools and peace of mind to invest in the Bulgarian market. The calculators can be used to determine potential returns once all the relevant initial and annual costs, such as State and Municipal taxes, have been deducted. "Bulgarian Property - The Overseas Buyers' Kit" is the one-stop-shop for foreign investors who want to buy in a high-growth market and understand all of the legalities and costs upfront.
The high growth in the market is expected to continue long after Bulgaria's anticipated membership to the European Union is granted in 2007. Entry into The Bulgarian Property market is extremely low when compared with neighbouring European countries. Some websites offer properties for as little as 4,500 Euro. But Bulgaria is now experiencing an influx of investment especially into the areas of infrastructure and tourism and property prices are rising accordingly.
With a low cost of living, fantastic snowfields and the Black Sea along the Eastern border, Bulgaria is quickly becoming the sun and ski holiday destination of choice for many Europeans. New developments are springing up especially in the coastal towns of Varna and Burgas, along with the ski towns of Borovetz, Bansko and Pamporovo. Many multinationals have also set-up offices in the capital Sofia.
The Kit was created to answer the most common questions on the minds of investors concerning risk, best locations and investment rental returns. The package can be utilised by those looking to buy either a rental property or a holiday home.
The templates enable to buyer to quickly gather and organise their research on multiple towns, properties with the potential rents, expenses and ultimately the rental returns, so as to leave no stone unturned when investing in a foreign property market. The Kit also contains a checklist to guide the investor through the entire purchase process, even down to finding the correct insurance and a property manager if needed.
"Bulgarian Property - The Overseas Buyers' Kit" can assist anyone considering investing in the market and taking advantage of the current rise in property prices.
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