WELCOME TO THE PORTUGAL PROPERTY NETWORK
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.
And for property buyers, The Portugal Property Network offers an extensive database of Portugease properties to choose from and access to a large selection of professional real estate agents specialising in property Portugal .
List your Portugal property today for FREE! Click Here
Real Estate Agents and Professionals - Join for FREE!
The Portugal Property Network will rapidly become one of the largest real estate networks in Portugal and one of the most important sources of potential clients (leads) for your Portugal property.
We are looking for real estate agents and real estate professionals with quality properties to join The Portugal Property Network. We are currently offering all estate agents and individuals 6 months of unlimited property listings completely FREE, with no obligations to continue.
We are confident that membership with The Portugal Property Network will quickly prove its value. We will then be charging a sundry monthly fee for UNLIMITED property listing membership (NOT for each property listed!).
Join The Network today for FREE! Click Here
Display properties on your website - You Choose
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.
All joining members who do not currently have any real estate software and wish to use this powerful solution will be granted another 6 months membership FREE for unlimited property listings within The Portugal Property Network when you purchase or rent the software.
There are two options for adding properties to
The Portugal Property Network.
1) Directly through www.portugalpropertynetwork.net or
Currently adding properties to The Network is free for 6 months. You will be able to access your own admin area on this website and add and manage your properties. You will receive some code to place on your website to display properties from the Network and to allow your website visitors to search and contact you. This option means that all properties you list will be shared accross the network.
2) Through your own copy of the software on your own website.
The other solution is to purchase or rent a copy of the real estate software. This option is far more flexible and gives you full control over your properties. You can choose which properties to share and which properties to show on your website. Further information and demos for the software as well as complete real estate website packages can be found at www.onlinepropertysolutions.com
Don't have time to search for property?
Let The Network find it for you.
Portugal Property News
Renting in Bulgaria
If you're planning to rent an apartment or house in Bulgaria, before making a decision to buy or because you are only in the country for a limited period of time for work or business, you'll need to to find a trustworthy, reliable estate or lettings agency to help you find the best possible, affordable property in Bulgaria.
Unless your employer finds a home for you and arranges the lease, you could try university websites that recommend English-speaking estate or lettings agents, or other official websites that are aimed at foreigners coming to Bulgaria to live, either permanently or temporary. If you already know somebody in the country, then personal recommendation will obviously smooth the way. Be sure to view the property personally, even if that means a short trip to Bulgaria at a time when you're busy packing up your old home into storage or removal boxes. If you are not happy with what you see upon your arrival, don't be pressured into signing a contract, which in Bulgaria are typically for one year.
Before signing, be sure that your new Bulgarian home is in the right location. How far are the shops, your children's school and leisure amenities from your Sofia apartment?
What charges to expect
In addition to the estate or lettings agents' fees, which are charged to both tenant and landlord, there are likely to be monthly fees for cleaning and maintaining common areas in an apartment complex. If there are parking spaces, you may also be charged for yours.
Property buyers can expect moderately good rental yields, at least in the Bulgarian capital, Sofia, where yields were around 6% in 2017 in the city and suburbs. Transaction costs when buying a Bulgarian apartment or house are also moderate. Expect to pay around 2.5 to 3% estate agents' fees, when buying or selling a Bulgarian residential property. The fee for registering your property with the relevant Real Estate Registry is 0.10% of the purchase price for the buyer. There is also a transfer tax of up to 3% to pay, which in Sofia tends to be around 2.5%. There is also a notary fee of between 0.10% to 1.5% of the property value to pay. However, notary fees are capped at around 3,000 euros, when you buy a property of 250,000 euros or more.
It should be remembered that Bulgaria has no centralized property registry, so if you want a property search done, you will need to hire a competent, trustworthy Bulgarian lawyer, preferably a firm also dealing in taxation advice, especially if you are planning to let out your Bulgarian house or apartment.
Article by Maria Thermann on behalf of Propertyshowrooms.com
Retiring to Bulgaria
A burgeoning economy, low inflation, low cost of housing and living, make Bulgaria an attractive place for European retirees. Why spend thousands on fuel costs in wintery Britain, if you can live cheaply and pay only £200 a year in Bulgaria? Buying an apartment or house in Bulgaria can be as little as 20,000 euros. The country's economy is strong, with a GDP of 3.8% and inflation at just 1.8%, according to the European Commission (https://ec.europa.eu/info/business-econom). If you're thinking of relocating to Bulgaria with your family, there are plenty of jobs for those willing to learn Bulgarian.
Apart from the attractions of Sofia, the Bulgarian capital, there are places like Sozopol, Varna, Golden Sands and Albena at the Black Sea Coast that offer excellent value for money when it comes to renting or buying a home. Bulgaria's ski resorts Bansko and Borovets, or Vitosha, which lies just 10 km from Sofia, or Pamporovo in the central Rhodopi Mountain Range, are great alternatives too, especially if you like an active outdoor lifestyle. In summer you can enjoy days at a spa hotel or play a round of golf, go hiking or mountain climbing, while in winter there's cross country and regular piste skiing. Bulgarian ski resorts enjoy roughly speaking a 15 week season.
Things to consider before retiring to Bulgaria
You will need to arrange for private health insurance, which is not too expensive at around 200 euros a year. There are several international health insurance companies that offer expats comprehensive cover.
It's a good idea to rent a furnished apartment or house for a few months, before making a decision to buy. It will allow you to see what life is like during the off-peak season. Property prices are likely to rise in 2018 and 2019 due to the country's strong economic performance and low unemployment rate. Some estate agents predict appreciation of Bulgarian house prices of around 5% for 2018. Sofia news agency Novinite.com reported that house prices rose by nearly 10% in 2017, even more in the capital. According to the National Statistics Institute, the national house price rose by 2.41% in the second quarter of 2017 and the trend continued throughout the year. All factors to consider buying a Bulgarian property, either as a retirement home or investment.
Renting an apartment in Sofia is far more expensive than in, for example, the city of Bourgas at the Black Sea coast. While in Sofia you might pay 650 to 700 euros a month of a furnished 2-bed apartment, in Bourgas a furnished apartment of a similar size will be around 250 to 300 euros a month. The same is true for renting shops or offices: in Sofia an office or shop might be 800 euros a month in somewhere like the Buxton Quarter. Go to Bourgas, and a retail or office space of the same size will cost from 5 to 10 euros per square metre, or 300 euros a month.
Bourgas at the Bulgarian Black Sea Riviera is a good base from which to explore southern Bulgaria, when you're starting your house hunt. The city has plenty of attractions during off-peak season: there is a charmingly old-fashioned Natural History Museum, an Ethnographic Museum celebrating Bulgarian folk culture, a lovely maritime garden with statues, wide promenades, a Summer Theatre and lovely walks. Several wonderful restaurants, good shopping and plenty of sunshine in the summer make Bourgas an excellent alternative to Sofia.
To integrate as an expat it is best to learn at least basic Bulgarian, even if the locals are good at speaking English! There are numerous language schools offering Bulgarian lessons alongside other languages. Bulgaria is neighbours with both Turkey and Romania, so these are two of the other languages taught locally. Here are some language school you might like to contact:
Bulgarian Lessons in Bulgaria's old capital Veliko Tarnovo
Tel 359 89 898 5021
language training for children, teens and adults
Tel: 00359 2 851 7090 , email@example.com
Sofia Language Centre
Bulgarian for expats and Business Bulgarian
Tel: 00359 888 603 027
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.
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
78, Vitosha Boulevard
Ground Floor, Office 1
Tel: 00359 2474 4306
New Balkans Law Office
19-B Patriarh Evtimiy Boulevard
Tel: 00359 2950 6239
London office: firstname.lastname@example.org
Tel: 0044 207 183 0262
1 Tsar Asen Str.
email: office:trifonov.info and email@example.com
tel: 00359 32 624 104
Article by Maria Thermann on behalf of Propertyshowrooms.com