Real estate business potentiality in Bulgaria
Bulgaria is one of the picturesque countries in Europe, constituting beautiful cities, lovely mountain regions, longest coastal regions and beaches. Real estate properties in Bulgaria are basically of two types. One is industrial or commercial property and the other is residential or domestic property.Industrial property market in Bulgaria has not yet developed properly. Industrial property supply meets about 60% of the total demand of commercial real estate properties in Bulgaria.
Domestic or residential property market in Bulgaria is growing substantially. Prices of domestic property in Bulgaria, particularly for the first three months of 2007 climbed up by 7.74 %.The highest price growth (17%) was recorded in the coastal city of Bourgas. Apartments, specifically luxurious apartments in Bulgaria are in a very good condition and are the most favored residential property on Bulgarian real estate market.
Services provided by real estate agents in Bulgaria
Real estate agents in Bulgaria are offering a wide range of fast, flexible, and reliable services including selling, buying, renting of properties, property management service, rental management service, customer support and guidance on financial matters, and insurance service.Property management service include activities like checking any damage of the property, installations for water supply, electricity and gas services, managing annual municipality and local taxes, filling out tax declarations, paying monthly bills for water, telephone or electricity, managing air conditioner and many more.
Rental management service provides beneficial facilities like managing rentals, arrivals and airport transfers .
Prominent features of Bulgaria real estate market
Some of the prominent features of Bulgaria real estate market are:Most of the properties sold in Bulgaria are freehold. Property prices are rising steadily. Bulgaria property market experienced 25% price growth in the last couple of months.
