BULGARIA - A BUYER'S GUIDE
Now you can enjoy the finest service available when you are considering purchasing in Bulgaria. The Diamond Experience : The better way to buy your overseas property
When you buy from The Diamond Experience you have the full services of the UK and Ireland's leading client support service right behind you! Whatever your reason for purchasing, The Diamond Experience will ensure you receive total satisfaction from your property.
BUYING TO SELL?
When you have decided that the capital appreciation of your purchase has fulfilled your requirements, The Diamond Experience can offer you a complete set of exit strategies: Your property receives all the benefits of The Diamond Experience giving it added value over other non member properties.
The Diamond Experience will provide numerous opportunities to sell: through our network of agents, exhibitions, features on web sites, promotions from our in resort offices selling to your required price.
No-one else provides this many options.
BUYING TO RENT?
The Diamond Experience will ensure that your property is at its best for rental. We provide professionally selected furniture packs at best value for money. We can also provide a snagging service to ensure your property is completed satisfactorily. You will have the opportunity to purchase properties with BANK guaranteed rentals, and developers guaranteed rentals from The Diamond Experience portfolio.
We will introduce you to the best rental management companies for your destination. Your property will be a head and shoulders above others for renting. You will be able to offer potential clients car hire, airport parking, transfers AND substantial discounts in your resort in restaurants, bars, leisure facilities etc. with The Diamond Experience card provided.
Renters will always choose the extra benefits from The Diamond Experience.
BUYING FOR LIFESTYLE?
Your Diamond Experience card will give you the opportunity of making great savings in the resort of your property at many bars, restaurants, shops and leisure facilities. You will also have our PROPERTY SWAP Shop at your disposal.
Here, as a member you can swap your property with other members for holidays. For example if you own a property in Bulgaria you may like to swap it with a property in Cape Verde, the new "Caribbean" islands for a sun holiday. It's all available through The Diamond Experience member website.
You also have a full legal advisory service at your disposal. Part of Worldwide legal services, Bulgarian Legal Service is an interface between overseas purchasers and lawyers.
This unique service ensures that correct procedures are followed to ensure a smooth property purchase in the Bulgarian property market. They provide a fully independent legal advisory service utilising a panel of Bulgarian Bar registered bi-lingual lawyers, all of whom specialise in property transactions.
Your purchase will be tracked throughout the entire procedure and you will be advised when payments are due.
The team is at your disposal to obtain the answers to any of your legal questions concerning your purchase.
NO OTHER GROUP OFFERS SUCH AN ALL EMBRACING PACKAGE OF BENEFITS TO OVERSEAS PROPERTY PURCHASERS
Investment:
Now has never been a better time to invest in Bulgaria, with recent times having seen record property sales registered especially from the U.K and Ireland.
Holiday apartments in Bulgaria's Beach and Mountain Ski Resorts have increased in value by up to 35%. Forecasters expect prices will continue to increase 20%-30% annually. This should be sustained with entry into the EU confirmed for January 2007.
With surrounding EU member's property costs being up to 45% more expensive than Bulgaria, past experience has shown that Bulgaria will "catch up" with its neighbours. Bulgaria's tourism sector is well established and has become one of the fastest growing tourist destinations in Europe.
The number of tourists visiting Bulgaria is expected to reach 10 million by 2012. As tourism continues to grow; rental opportunities for the right properties are high.
Bank Guaranteed Rental Returns:
Bulgaria is currently, without doubt, the property hotspot of Europe. A superb country with miles upon miles of glorious sandy beaches, fantastic mountain ranges with superb ski facilities and a warm welcome wherever you go.
Blend these features with top quality homes at terrific prices and you have the perfect investment. However, many developers make promises on guaranteed rental returns.
These should be investigated to ensure that the figures promised are achievable. At The Diamond Experience we can offer BANK GUARANTEED rentals for the first 2 years after completion of the property.
Extension of rental after this period can also be undertaken by The Diamond Experience.
How The Bank Guarantee Rental Works:
The Guarantee is provided by a leading bank. This undertaking can be confirmed by your independent lawyer before you agree purchase contract.
The guaranteed rental is payable 6 monthly from the commencement of the 2 year period date.
This includes: 6 weeks of your own usage throughout the year, with a seasonal spread. Full weekly services with cleaning, towel and linen change. Tenant's electricity and water usage. 52 week membership of The Diamond Experience, full service with discount and bonus programmed.
Property management fees and letting services:
This Excludes: Property taxes and community charges. Own usage of electricity and water.
What is Off Plan?
Buying off plan is purchasing from the development plans before construction commences. This give you the benefit of purchasing at the lowest price the developer can offer. The developer's objective being to achieve maximum sales before construction commences.
The price will then be increased during construction until the final price at completion. Buying off plan has proven to be a superb method of investment. Increases in value of up to 30% per annum on this type of development property have been enjoyed over the past four years.
At The Diamond Experience we constantly seek new investment opportunities for our clients, but, more importantly, we have a comprehensive set of exit strategies in place (ways of realising your investment) to ensure that you make the best possible profit on your investment at the right time.
We will be delighted to go into the detail of purchasing off plan with you personally without any commitment.
How to Buy:
When you have decided on the property you wish to purchase, it will be necessary to make a deposit of €3000.
*You should have this available by credit card or cash (Euros). This deposit will reserve the property for you and will have it removed from the market. This deposit is non refundable and forms part of your deposit for your private purchase agreement, which is due within 30 days of the deposit.
This is an example of a typical development's payment plan:
3000 Euros reservation fee
40% first payment on Private Purchase Agreement (less reservation fee)
40% at completion of roof structure
20% on completion
An example in real terms:
Purchase price 64,051 Euros
40% on PPC minus 3000€ - 22,620.40 Euros
40% at roof - 25,620.40 Euros
20% on completion - 12,810.20 Euros
Immediately after your return home you will be contacted by our Bulgarian legal advisory service, which is part of worldwide Legal Services. They will offer to appoint an English speaking lawyer for you and act as an interface between you and your lawyer. Throughout your purchase they will ensure that you are kept fully aware of when all payments are due and help you with any questions concerning your purchase.
You will also be contacted by HIFX our recommended currency exchange organisation. They will demonstrate to you how you will be able to save considerably on your currency payments overseas. Finally "The Diamond Experience" will contact you to introduce themselves and be on hand to help you with questions relating to your property during and after your purchase.
*Should you require a mortgage for your purchase or to make multiple purchases we will be pleased to advise you. Tax issues should be discussed with a tax advisor. We can help with this.