Join the Bulgarian Property Boom With Confidence

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.

Tim Wright is an international property investor with and is author of "Bulgarian Property - The Overseas Buyers' Kit available at http://www.bulgarianpropertybuyer.co.uk

Hermosa Beach was the biggest gainer and Malibu the biggest loser in high-priced ZIP Codes last year. San Marino shows a 7.2% decline in its median home price.

Last year brought a dose of real estate reality to San Marino, which alone among Los Angeles County's wealthy areas had managed to avoid the housing bust. The San Gabriel Valley town endured a 7.2% decline in its median home price, erasing gains of the previous two years.

The National Assn. of Realtors is the largest campaign contributor to members of Congress from California in recent years, according to a watchdog study that depicts the nation as a sort of United States of Special Interests.

More than 40 states signed onto a proposed $25-billion deal with major mortgage servicers over faulty foreclosure practices. New York, Nevada and Delaware joined California in holding out for better terms.

More than 40 states signed onto a proposed $25-billion settlement with major mortgage servicers over faulty foreclosure procedures, but California, New York and other key states were still not among them.

California has until Monday to share in a multi-state deal with banks to obtain mortgage relief and reforms. Atty. Gen. Kamala Harris, who walked away from talks last year, says the door remains open.

With a Monday deadline at hand, California officials have resumed direct talks with the Obama administration about joining a multibillion-dollar, multi-state mortgage settlement with the nation's largest banks, a source said Sunday.

The talk show host pays $12 million for the 4,088-square-foot house with four bedrooms and four bathrooms. The ocean-view home sits on 1.26 bluff-top acres with beach access.

In one of the more talked-about transactions in town, actors Brad Pitt and Angelina Jolie have sold their Malibu beach house to daytime host and comedian Ellen De Generes for $12 million.

The four-bedroom, five-bathroom house built in 1920 for industrialist James Wigmore lists for $2,875,000.

A decorative cast stone entrance opens to this restored Spanish Colonial Revival-style house in Pasadena's South Orange Grove area. Built in 1920 for industrialist James Wigmore, the house retains such original details as coffered wood ceilings and arched doorways.

They don't believe they can sell their property for what it's worth, so they're spending money on making their homes more comfortable.

Do you fit any of these descriptions?

A biennial research report by the National Assn. of Realtors indicates that a handful of real estate agents and brokers and their clients either don't know the law or don't care to follow it.

When it comes to lawsuits, real estate agents and brokers tangle mostly among themselves.

The president aims to help about 3.5 million people with good credit who are unable to refinance at historically low rates because their homes are worth less than their mortgages.

 

The White House hopes to help millions of homeowners lower their monthly mortgage bill with a $5 billion to $10 billion plan to set up a streamlined refinancing program for people who are current on their payments.