More good news for Bulgaria and again a demonstration that Bulgarian real estate is a very worthwhile investment to base your small to medium enterprise (SME) in Bulgaria.
Bulgaria is now ranking in 2nd place within the European Union in relation to the “debt-to-GDP ratio”, which is a recognised economic indicator of the health of a country’s economy, according to data supplied by Eurostat. In the third quarter of 2012 the correlation between debt and Gross Domestic Product (GDP) was 18,7%.
Bulgaria economy, “debt-to-GDP ratio” shows Bulgaria is on the right track in Europe!
Bulgarian real estate
In 2013, real estate prices in Europe will continue to fall, predict analysts of the international credit rating agency Standard & Poor’s. The only exception would be Belgium, where property prices continue to rise. The main reason for the pessimistic forecasts is the weak economic activity.
Since 2009, Belgium has been the only country that does not account for depreciation of homes, houses, offices and retail outlets. Belgian market, however, is also expected to account for delays in price growth this year.
If you are looking for a rural retreat located in a magical area, monastery towns in Bulgaria are great for that. Take a look at our pick of Bulgarian properties near a monastery hotspot, such as Dryanovo.
Bulgaria’s Orthodox religious beliefs are ingrained into the country’s rich cultural and historical heritage with around 120 monasteries hidden in remote mountains, surrounded by panoramic scenery and terrific natural setting. Each monastery is unique with its own intriguing history and architectural legacy.
Dryanovo is also situated at the northern foot of the Balkans near Gabrovo. It lies in a picturesque gorge close to the Dryanovo River, about 4 km away from the fascinating Dryanovo Monastery, which was established by two rebel bolyars from the former Bulgarian capital Veliko Tarnovo.
The monastery provided shelter to many monks during the 14th century, however and the beginning of the 15th century, the monastery was destroyed by invading Ottoman troops. Later, in the 17th century, it was reconstructed to its present state. Its single nave was partly buried underground. The monastery became a religious and cultural centre boasting one of the largest and best preserved cloisters in the Veliko Turnovo region and today it as amongst Bulgaria’s most visited tourist sites.
Prices for renovated Bulgarian houses in this area stand at around the average for the whole country at 38,000 euros. You can still pick up a renovation bargain here for around 7,500 euros. Feel free to have a look at our Dryanovo Properties
Veliko Tarnovo map
U.S. navigation company “Tele Atlas” are mapping the streets of Veliko Tarnovo. A special bus is touring the Old Bulgarian Capital, making digital images of streets, buildings, intersections, traffic signs, traffic lights and main elements of the town infrastructure.
The company aims at creating a dynamic digital map, which then will be uploaded to car sat-navs. This electronic guide targets foreigners and visitors of Veliko Tarnovo.
The company provides continuous positioning, which is controlled by three satellites. This way, no one will get lost and easily find the main attractions of the town, as well as any address in town.
Unlike traditional GPS system information, here you can see images of objects, thus making the orientation much easier.
David and Barbara Starkey
Meet Barbara and David Starkey, who have been living in Bulgaria for two years now. And they say they intend to stay here forever
David and Barbara, have picked Parvomaytsi, which within the limits of Gorna Oryahovitsa Municipality, for their home. Both retired, David has worked as an engineer at the University of Manchester, while Barbara was a caregiver to the elderly.
David and Barb met online 5 years ago. On why they have purchased Bulgarian real estate, they say they’ve lived in a city before and have always wanted to move to the countryside. However, they couldn’t afford such type of real estate in the UK.
They’ve toured and camped most of Europe and Bulgaria, before settling to Veliko Tarnovo region. They’ve picked Parvomaytsi because of its regular bus connection to Gorna Oryahovitsa and Veliko Tarnovo, as well as a hardware store, a cafe and a GP.
Before coming to Parvomaytsi, they have considered living elsewhere in Bulgaria, but they wanted to settle in somewhere with a young population. They aren’t afraid of the cold winters in Bulgaria, having camped in their 22-year-old van at -22C.
Nowadays, David and Barbara are actively involved in the construction of their Bulgaria home.
Interested where they live? Check out our Properties in Gorna Oryahovitsa:
Bulgarian real estate
Economic forecasts for 2013 by leading Bulgarian real estate experts do not indicate major trend changes in the property market this year.
Bulgarian property prices are expected to record a moderate decline until mid-2013 and then to plateau for the rest of 2013.
The demand in town property will be dominated by the Bulgarian buyers and will depend on the economic recovery, unemployment rates, household income and access to bank lending in the country.
In terms of vacation properties and holiday homes, Bulgaria will remain attractive for foreign home buyers from the UK, Russia, Greece, Turkey and Romania.
And while minimal changes are expected in residential properties, more significant changes are expected in the field of office/retail space and commercial properties.
Crucial factor in each market segment will continue to be the adequate pricing for the size and the state of the property, according to leading real estate agencies.
snowy Elena Balkans
Over 1,200 people are expected to stay in hotels and guest houses in Elena for the upcoming holidays.
All accommodations – hotels, guest houses – are completely booked for Christmas and New Year. Elena Balkans are a preferred winter destination from locals and internationals alike.
Some of the guest houses serve the best Bulgarian food you can taste and have prepared authentic Christmas programme for visitors – traditional food, Bulgarian Christmas carol singers and much more.
Elena offers some of the most magnificent snowy landscapes you can observe.
Additionally, the Christmas Bazaar of Elena offers delicious Bulgarian cheese and meats, yoghurt, as well as Elena’s take on the traditional Bulgarian fiery spirit – rakia.
Traditionally, the New Year will be welcomed in the town centre with celebrations and fireworks at midnight.
If you’d like to treat yourself to winter fairy tale in the Balkans, have look at some of our Bulgarian houses and character properties. Have a look through some of our Elena Properties.
Like Elena Properties? Then don’t hesitate to get in touch with Yantra Homes.