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2009-02-16

1 Price of Agricultural Land Up by 500% ...

The rapid pace, at which the prices of real estate in Bulgaria is going up, has been also spotted by the Wall Street Journal broadsheet newspaper, which ranked Bulgaria at the top of the world's standings against this index. There are quite substantial grounds to think that this tendency will go on over the next few years. Moreover, this tendency has a strong foundation, not influenced by the inflation rate, and namely the deliberate undervaluation of the real estates in Bulgaria, which has been accumulated for years now, and the artificial equalization of the prices, inevitable under the conditions of globalization.
There is yet another key-factor for this tendency and this is the gradually increasing liquidity of the real estate market in the country. Considering the more and more drastic increase in the prices of real estates over the past two or three years, we can assume with quite a certainty that the satiation point is still a few years ahead. Of course, not all sectors of the Bulgarian real estate market are equally developed; neither will they develop at an equally fast pace in the future. The prices of real estates at the Bulgarian seaside are expected to slacken the pace of increase, whereas the investments in farmland are to give considerable opportunities for profit-making in the near future.
Over the past two or three years there has been a serious movement on the Bulgaria's farmland market. In the crop-growing, vine-growing or vegetables-growing regions of Bulgaria the price of farmland has increased from 500 levs/ha up to over 2,000/levs/ha. The restitution of land in real-term borders resulted in a startling 50-year delay, as regards the consolidation of farmland. This fact, added to the landowners' lack of interest in taking on farming business, is the basic reason for 35% of the farmland in the country to be left uncultivated. Having in mind the strict financial commitments of the EU towards the Bulgarian agriculture and the commitment of the state to stimulate the already developing farmland market in Bulgaria, we may expect an increase in the price of farmland by 300-500% over the next 5 or 7 years.

2009-02-16

3 Real estate breaks record ...

THE Wall Street Journal reported in June that the prices of real estate in Bulgaria jumped 48 per cent last year, a world record and the highest rise in prices registered in any country.
Even the most developed countries have seen drastic price increases in the last three or four years. Though surprising, the rises in Bulgaria were part of global trend.

"Over the past three years, measures of housing values are up 48 per cent in France, 33 per cent in Brazil and they have nearly doubled in South Africa," the journal wrote. "In just the past year, prices have risen 19 per cent in Hong Kong."
The newspaper said that low interest rates were the main driving force behind the boom. But there are several other factors, including the intensifying flow of capital, aggressive bank-lending and a frantic search by investors, large and small, to find better returns than those offered by stocks and bonds.

Foreign capital is behind a serious part of the Bulgarian real estate boom, according to surveys in June. Bulgarian companies have invested more than five billion leva of their own funds in real estate during the last two-and-a-half years, according to a report by Creditex, a credit management agency. Much of the money has been poured into high-end residential property.

In past months, real estate agents have had some disagreements about the domestic market, with some saying that a drop in prices by 20-25 per cent is expected in the second half of 2005 and others saying that market segments, such as luxury housing, will continue to rise because demand still outmatches supply.

Most realtors agree that prices for agricultural land will rise the fastest when the country joins the European Union.

Two large-scale investments by foreign property developers in Bulgaria attracted attention in June. First, the UK-based fund Equest Partners announced plans to inject 50 million leva to support the growth of domestic supermarket chain Familia, which aims to become a major local food retailer.
Equest handled its move through its Equest Investments Bulgaria fund, which acquired slightly more than 30 per cent in Familia with a hike in capital.

The fund agreed to contribute more investment in the next three to five years if Familia needed further backing for its development. Familia said it would invest money by opening new stores, training staff and developing better knowledge, products and services.

Familia has 17 stores in Sofia, where it competes against major foreign supermarket chains like Billa, HIT and Metro and Bulgaria's Evropa and Fantastico. Familia's goal is to promote convenience.

The fund, which has raised 120 million euro for investment in the country, has so far invested 70 million euro in equity in four companies in real estate and auto sales. The fund now plans to invest in the financial services sector.

Bulgarian Property Developments, which is traded on the London Stock Exchange, bought six properties in Bulgaria, five in Sofia and one in Bansko. Four of the properties are on Sofia's ring road, close to the airport, and the fifth less than a five-minute drive away. The property in Bansko will be used, according to a preliminary plan, for an apartment complex. The company plans to buy properties in other cities.

The property exhibition Immobilia Bulgaria in Varna, set to open on July 5, will sell property all over Bulgaria. The Sofia Echo is one of the exhibition's media partners and will be an active participant in the event.

Developers, architects, banks, realtors, analysts and property renovators will be at the exhibition which runs through July 9.
Immobilia Bulgaria will next appear in Bourgas from August 18 through August 21, and then in Sofia in October. In 2006, the fair will take part in the spring edition of the Plovdiv International Fair.

2009-02-16

5 Bulgaria Increasingly Attractive to Foreign Investors ...

Bulgaria and Romania promise to become the most attractive countries in the South Eastern Europe region for foreign investors.

According to a latest report released this week by the analytical unit of Bank Austria Creditanstalt, investors will be attracted by the good privatisation offers in the two Balkan countries. Besides, since the early 90s the region has been turning into the fastest developing market after Asia.

With an average GDP growth of 5% annually since 2000, South East Europe surpasses the EU member states in its economic development, where the average annual GDP is 3.5%.

Structural changes, related to EU membership, would increase the positive economic developments as the two countries move forward toward EU membership. Bulgaria and Romania would develop greatly after joining the EU and were expected to become leaders in economic growth in the region, the report says.
(Novinite.com)

2009-02-16

6 Education for Expat Children in Bulgaria ...

By: Susan Pedalino

Although, the majority of Brits buying in Bulgaria are looking for holiday homes/buy to let and investment opportunities, there are people relocating permanently. It is not just retired Brits who are planning to move to Bulgaria but also families with young children.

Despite the natural adaptability of children, the younger the better, any major change in their life will have some impact. One of the most influential factors which worry most parents is changing schools. In this case, it is not just a simple change in schools but a change to an educational system that is not yet European.

If you intend to live in Bulgaria permanently, you will want to look at the state education system. On the other hand, those who plan to spend a short period of time or are not yet convinced about their move may wish to consider private, international schooling.

State education in Bulgaria is free. Compulsory education is from the ages of 7 to 16 but many begin earlier attending kindergarten or preschool from the age of 5. Primary school begins for children aged 7 and continues for 4 years before pupils graduate to middle school where they remain for a further 3 years. Secondary school or high school is for between 3 and 5 years. Almost one third of students go onto further education.

In an attempt to move it away from communist rhetoric, the entire education structure has been undergoing major reforms which began back in 1989. Today the government spends around 3% of the country??™s GDP directly on education as it aligns itself for joining the EU in 2007. It should continue to improve as children will need to learn the skills and gain the knowledge to compete with their European counterparts in the future.

However, despite these attempts, according to Maria Antova??™s report ???Education for Human Rights, Peace, Stability, and Democracy Status??? (http://www.gewi.kfunigraz.ac.at/csbsc/country_reports/Education_Bulgaria.htm) there are still numerous problems with the system including inflexibility, centralisation and lack of guarantee of equal opportunities for young people.

If you want to educate your child through the medium of the English language in Bulgaria, most of the private schools tend to be located in the country??™s capital of Sofia as opposed to the coastal areas and ski resorts where people are buying. Nevertheless, as we have seen in the Costa del Sol, as more and more British families move in the demand for International Schools will increase and consequently so will the supply.

List of Private Schools in Bulgaria

Rovel ???The best private school in Bulgaria???
Address: 1393 Sofia,r.a. Bankia Ivaniane 66 Sv. Sv. Kiril i Metodii str.
Tel. 359 2 9977454
http://www.rovel.bg/e_index.html

First Private English Language School William Shakespeare ???Specialized high school with a foreign language training??? Licenced Member of Bakeu Optima.
Address: 1000 Sofia, 13 Stara Planina str.
Tel. 359 2 9831520, 359 2 9835126
Fax. 359 2 9831520
http://www.fpels.ws/english.htm

Drita
???Private secondary comprehensive school and kindergarden with early foreign language teaching???
Address: 1434 Sofia, r.a. Simeonovo 13 Kamenitsa str.
Tel. 359 2 9613242, F
Fax. 359 2 9613242
http://www.dritaschool.com/about1.html

Veda
???Private school and kindergarden with studying of German language???
Address: 1233 Sofia, 5 Marin Dachev Hristov str.
Tel. 359 2 9311359, 359 2 9311467

Private business school
Address: 1303 Sofia, 148 Sv. Sv. Kiril i Metodii str.
Tel. 359 2 9310034,
Fax. 359 2 9863113

Ivan Vazov
???PPS Ivan Vazov and PK Malechko with early foreign languages education???
Address: 1619 Sofia, r.a. Kniazhevo 8 Studen kladenets str.
Tel. 359 88 8281122, 359 88 8436277, 359 2 9571800

PGSS Buzema
???Professional high school for agriculture???
Address: 1632 Sofia, h.c. Ovcha kupel 74 Maestro Kanev str.,
Tel. 359 2 8563458, 359 2 8563558

32 SES St. Kliment Ohridski 66
???School with intensive study of English and Russian language???
Address: 1303 Sofia, 63 Hristo Botev blv.
Tel. 359 2 803901, 359 2 9874361

Nikola Vaptsarov
???College of agriculture???
College with third rank of professional qualification.
Address: 2360 Breznik,
Tel. 359 7751 2466, 359 7751 2526

Professional high school for clothing and tourism
???Education in sewing and nutritive-gustatory industry???
Address: 2300 Pernik, 3 Radomir str.
Tel. 359 76 24438, 359 76 24518

7 SES Naiden Gerov
Secondary Education School.
Address: 9000 Varna, 1 Tsarevets str., above Chataldja market,
Tel. 359 52 302228, 359 52 302923

Dr Petar Beron
Mathematical Secondary school 125
Mathematics high school in Varna.
Address: 9000 Varna, r.a. Chaika,
Tel. 359 52 302106, 359 52 302106

Speech treating kindergarten
???Teaching and therapy of speech and linguistic problems???
Address: 1164 Sofia, h.c. Lozenets 22 Sveti Naum blv.
Tel. /Fax. 359 2 8662197

Woodworking and Building Professional High School
???Prepares specialists for furniture production???
Address: 6300 Haskovo, 38 Plovdivska str.
Tel.: 359 38 665006, 359 38 665134

SES Emilian Stanev
Secondary educational school.
Address: 5000 Veliko Tarnovo, 1 Maria Gabrovska str.,
Tel. 359 62 646940, 359 88 7225454

Prof. Ivan Apostolov High School 457
???Specialised in Law, Management and Computer Studies???
Address: 1113 Sofia, h.c. Iztok 46 Raiko Aleksiev str.
Tel. 359 2 8720582, tel./fax: 359 2 9713081

Solid - K Agency
English school and computer literacy.
Address. 1113 Sofia, 6 Prelom str.
Tel. 359 2 8707698

Child's Art Studio Nik
Club occasions, child's celebrations
Address: 1606 Sofia, r.a. Lozenets 14 Vezhen str.
Tel. 359 2 9635494

Urii Gagarin
Professional technical high school
Vocational High School for preparation of Technicians
Address: 2300 Pernik, 10 Tarnovo str.
Tel./Fax. 359 76 600910

PKG Rai
???One of the First Private Kindergarten???
Address: 1756 Sofia, 47 Bistrishko shose str.,
Tel. 359 2 9611333

St Patriarh Euthimius Primary School
Address: 1000 Sofia, 24 Tsar Samuil str.,
Tel.: 359 2 9895127

Erich Kestner
Private German School
Private School.
Address: 1336 Sofia, h.c. Liulin 6 , 47 ODZ,
Tel. 359 2 267280,
Fax. 359 2 9250838

Druzhba
Private Profile High School .
Address. 1320 Bankia, 65 Varna str.,
Tel./Fax. 359 2 9977234

Britanica
Language school.
Address: 1000 Sofia, 23 Vitosha blv. ent.1 apt. 8,
Tel. /Fax: 359 2 9874078

PPS Riorih
Language school.
Address: 1434 Sofia, r.a. Simeonovo 9 Krairechna str.,
Tel. 359 2 9613030, Fax. 359 2 9532995

Vassil Zlatarski Private School
Address: 1756 Sofia, h.c. Darvenitsa 49 Sv. Kliment Ohridski blv., Tel./Fax. 359 2 9743666

Educo Bulgaria - International Adventure School
???Experiential education outdoors???
Address: 1784 Sofia, h.c. Mladost 2 fl.1, 19 ODZ,
Tel. 359 2 9753037

Espa Private High Language School.
Address: 1784 Sofia, h.c. Mladost 1 , next to block 67,
Tel. 359 2 9743027, Fax: 359 2 9753367

Daga
Private Junior school and Kindergarten
???Private Education???
Address: 1720 Bankia, 5 Tsaribrodska str.,
Tel. 359 48 954625, 359 88 8536576

The Little Prince
Private Primary School and Kindergarten.
Address: 9000 Varna, h.c. Chaika, in front of block 19,
Tel. 359 52 300514, 359 52 302924

Sveta
Private Primary School
Private Education.
Address: 1619 Sofia, 7 Moreni str.,
Tel./Fax. 359 2 8570119

Child's Friend Association
Kindergarden and pre-school education in foreign languages.
Address: 1504 Sofia, h.c. Iztok 19 Krakra str.,
Tel. 359 2 721771, 359 2 9442918

Friedrich Schiller Stiftung
Language education for preschool and school age children.
Address: 1756 Sofia, 3 Dabnitsa str.,
Tel./Fax: 359 2 777752

Mecho Puh
Daily kindergarten.
Address: 6100 Kazanlak, 6 Starozagorska str.,
Tel. 359 431 62369

PHSEA Academician Dechko Uzunov
Professional high-school of enclosure arts.
Address: 6100 Kazanlak, 80 General Radetski str.,
Tel. 359 431 63430, 359 431 63575

Rainball of Dreams
Private kindergarden.
Address: 4000 Plovdiv, 24 Vesela str.,
Tel. 359 32 620733, 359 89 8459225

Nikolai Liliev
Primary School.
Address: 1421 Sofia, r.a. Lozenets 2 Prezviter Kozma str.,
Tel. 359 2 8664995

American - English Academy
Address: 1582 Sofia, h.c. Druzhba 2 10 Prof. Tsvetan Lazarov blv., Tel. 359 2 9780136, fax: 359 2 9780153

CVPK at Ministry of Economics
Language school.
address: 1797 Sofia, h.c. Izgrev 3A 165 str., tel.: 359 2 717042, fax: 359 2 722461

Art High School Prof. V. Stoianov
Special School.
Address: 7000 Ruse, 12 Pirotska str.,
Tel./fax: 359 82 227609

Sveti Naum High scholl
Address: 1616 Sofia, r.a. Boiana 23 Kumata str.,
Tel.: 359 88 8515095, 359 2 9590141

Vasil Levski High School
???All for us and something more???
Address: 9700 Shumen, r.a. Trakia 24 Dedeagach str.,
Tel. 359 54 63186

Ilia R. Blaskov Elementary school
Address: 9700 Shumen, 9 Hristo Smirnenski str.,
Tel: 359 54 61308

About Author:

Susan Pedalino is Masters Degree qualified in Intercultural Communication and teaching English as a foreign language. Susan regularly writes for http://www.eyeonspain.com, the Spanish off plan property forums website.

Read other articles published by Susan Pedalino (http://www.your-language-facts.info/Susan_Pedalino.html).

Circulated by: Your-Language-Facts.Info (http://www.your-language-facts.info)

2009-02-05

4 Sozopol - Gem of the Bulgarian Black Sea ...

Sozopol means town of salvation in ancient Greek and is one of the oldest settlements in Bulgaria. It was founded 2600 years ago by Greek migrants from Asia Minor. The seafarers saw the small peninsula with cozy bays and a string of small islands that looked like a paradise on earth. On the remnants of a Thracian settlement they founded a thriving city-state, and called it Apollonia after Apollo, the god of light, poetry, music and healing.
This is probably the reason why the place has always been a magnet for artistic and imaginative people.
Like most ancient towns Sozopol has an old and new part. The old part reminds of an old Greek fishermen's settlement. The steep cobblestone streets - all leading to the pier - are lined with wooden houses. Grapevines twine around the large terraces and old sycamores stand like sentinels guarding the serene atmosphere of the town's heart. There is a market place in the center offering an array of typical tourist attractions - necklaces made of shells, rings and bracelets, home-made baskets and all kinds of knickknacks.

Once you get tired from wandering about, you can chose among the many inviting small restaurants and cafes and savor the delicious local fish soup with a glass of icy white wine. The local cuisine is on the spicy side and is famous for fish dishes and frutti di mare. The prices are affordable - a hearty dinner with a bottle of wine will cost you about 10-20 levs (some 5-10 euro). The old windmill converted into a restaurant is a must. Old trellis-vine makes the atmosphere unforgettable and cooking is perfect. Be sure you won't feel sorry for the spent money.

Those who choose to stay over for a longer time can find a small family hotel or a private lodging. Hotels charge 40 to 90 levs a night (20-45 euro); private rooms are available for 10-15 levs. (Mind that during the high season, July-August, prices go up).
The beach in Sozopol is an excellent supplement to the romantic atmosphere. The strip of fine soft sand encircles a cozy, calm bay. The sea here is clean and always warmer than along the rest of the coast. There is a scuba-diving school for adventure seekers and boat trips for sailing fans.
Entertainment is available mostly in the new part of Sozopol. There are disco clubs, billiard halls, bowling and a casino.
<enlarge photo>

Every September Sozopol gathers painters, actors, poets and musicians from all over Bulgaria who come for the Apollonia festival of Arts. A ten-day world of art comes alive amidst the old houses. Summer lasts long at the southern Black Sea coast and you can enjoy sunbathing and walks on the beach until late October.

2009-02-04

2 Gary Player: Bulgaria is going to have the best golf course in the world ...

In combination with its beautiful nature and interesting historical sights, the region around Kavarna is becoming an attractive tourist site for golf-lovers. This is due to the construction of two new golf courses which has already commenced. One of them is situated right between the town of Kavarna and the town of Balchik, on a plateau overlooking the sea. The second one will be situated along the coastline, near the sea, below the villages of Bozhurets and Topola, 3 km away from Kavarna.
Gary Player - the most successful golf player of all times, the only person in the world who has won "British Open" in three different decades, says: "Bulgaria is going to have the best golf course in the world"
The world-famous golf player answered the question: "How do you find Bulgaria? You are visiting our country for the first time. What is the impression it made on you?", in this way: "You have a very beautiful country, with excellent nature. I have read a lot about your country but it is the first time I am visiting it. I have traveled over 15 million miles around the world during my 50-year career of a golf-player. I like Bulgaria. Now, when we are going to build two golf courses in Balchik and Kavarna, I am going to come more often and I am going to learn more about your country. The main criteria which determine the site on which a golf course is to be built are the beautiful nature, the soil and rainfall."
<enlarge photo>

<enlarge photo>
Kavarna Apartments 2 Always the first and best, Bulgarian Properties Ltd. is now giving you the opportunity to invest in Kavarna Apartments 2, located in the ???Coastal area???, the most attractive part of the town and only 250 meters away from the sandy beach of Kavarna. The building will have three independent entrances and will feature 1 studio, 32 one-bedroom and 8 two-bedroom apartments. The southeasterly aspect of the new development offers fantastic sea views from almost every apartment. Be one of the first to invest in this beautiful,up and coming region, soon to become the golfing capital of Bulgaria!

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