Pearl Property News & Blog

We have received good news with reference to this resort which is very good news for tourists this winter.

1. We will see reduced prices for ski passes and ski school.
2. The sloped have been better prepared for the ski season.
3. 118 snow cannons have been installed and commissioned, these snow cannons are York and of a very high standard. The snow canons will work at zero degrees or lower.
4. 5 grooming kits have been purchased, 1 new and 4 fully reconditioned, these machines will distribute the snow throughout the resort.
5. 50 new guns to shoot the snow have been purchased they are located on the mid station red run number 5 and red run number 2.
6. There are two new ski runs from Snejanka to Studenets and they are both intermediate runs.
7. A new kinder garden for children aged 4 plus with new facilities will be opened in the resort.

The amount of newly constructed real estate apartment blocks across Bulgaria increased by +24.1% in the third quarter of 2009, according to the National Statistics Institute (NSI) data.

The statistics show that, on an annual basis the growth of buildings completed accounts for 6.9%, while the increase of new apartments has grown by +30.2%. For the period May to July 2009, 679 properties were erected with 5,888 flats in total. For that period alone, there is a +51.1% increase in new apartments nationwide.

Varna led the way with 157 new buildings constructed, with a total of 1,204 new units, followed by Bourgas who had 134 buildings recently constructed making a total of 1,665 new units and Sofia with 35 new buildings recently constructed as well as 549 new apartments. The report indicated that there was no new construction in the towns of Razgrad, Montana and Haskovo in the same period.

The figures indicate that the total new marketable area consists of more than 411,000sqm of apartment space, or a +15.9% increase compared to the corresponding period for 2008. However, according to the report, on average, flats are becoming smaller. In the second quarter of 2009, the average living area in new construction amounted to 75.5sqm, which in the third quarter decreased to 69.9sqm.

If you’re intending to buy a home in Bulgaria, you can go for a Bulgarian mortgage loan. However, you should assess your financial capacity before starting off. How much house can I afford is a familiar query that comes up in the mind of every home buyer. Use a home affordability calculator to find this out. The Bulgarian property sector is showing signs of gradual development.

Try to get a comprehensive idea about your repayment capacity prior to going for a mortgage loan in Bulgaria. This is important irrespective of the fact whether you’re a first time homebuyer or refinancing your existing mortgage. Various online mortgage calculators are available that can help you decide how much mortgage you should borrow and which loan term is most convenient for you.

For purchasing a home in Bulgaria, there are some important types of calculators that you can use such as maximum borrowing calculator, stamp duty calculator, loan to value (LTV) calculator and deposit calculator.

There are a number of mortgage lenders in Bulgaria that offer an all-inclusive range of loan products for people who are keen to buy a home in Bulgaria. Presently, the terms and conditions of mortgage lending in Bulgaria have been made somewhat stringent. For this reason, you might face some difficulties while shopping around for a mortgage loan in Bulgaria.

You have to furnish details of your income when you’re going to apply for a mortgage in Bulgaria. The amount of your income should be double of what it was one year ago. For instance, if your income was 2,000 Euros last year, it must be 4,000 Euros now. This permits you to request for a mortgage.

Forecasts are being made that the number of borrowers searching for mortgages in Bulgaria would be growing in late 2009. The reason behind this is the slump in house prices would be pulling more and more consumers to get mortgage loans.