Freephone:
UK: 08000 664 980 / IRE: 1800 760 196
Outside UK:
+(34) 952 788 412

Bulgaria is located in South Eastern Europe, situated in the heart of the Balkan Peninsula bordering the black sea between Romania and Turkey. It has a long and cultured history being occupied by many peoples, including the Turks and the Soviets, but is now a democratic country with a booming market economy. Bulgaria has applied to join the European Union and has been a full member of the EU since Jan 07. For property purchasers Bulgaria offers a host of excellent opportunities.

BEACH RESORTS: On the Black sea there are over 200 Kms of beautiful sandy beaches offering contrasting resorts and towns varying from sleepy villages to large cosmopolitan resorts. The most famous is Sunny Beach. the holiday focus for all of Europe.

Last year 200,000 visitors from the U.K. and Ireland enjoyed visiting the resort and it is forecast that this figure will become a million within 5 years. This underlines the quality of the resort and how much of an opportunity it offers for rental. Many new developments have been undertaken to accommodate the growth. At RHH we have carefully selected those which offer the best value and investment potential. See our 'Diamond developments' exclusive offers. Sunny Beach is served by two international airports; Varna to the North and Bourgas to the South.

FOREIGN OWNERSHIP: Under the Bulgarian act on Foreign Ownership, foreigners are allowed to buy buildings but not land. Foreigners can however own land by setting up a Bulgarian company. This restriction is therefore simply avoided by setting up a Bulgarian company that owns the land. The situation is summarised below:

- No land ownership for foreigners in   Bulgaria.
- Non-Residents can own buildings.
- Non-Residents wishing to own land can   do so through incorporating a   company.
- Bulgarian company incorporation costs
  550 Euro.
- Bulgaria's ownership policy will be
  harmonised with the EU in the future.

None of our off-plan developments require company incorporations and when you buy an apartment, you buy a section of the building. This section of the building is freehold and there is no lease, the apartment is yours forever, or until you sell.

HEALTH SPAS: In the coastal regions many areas offer special mud treatments from the local lakes. These have become famous for their healing and youth giving qualities, attracting many tourists all year round. In the mountain regions, Bulgaria boasts hundreds of natural water springs. A great many of these are thermal with temperatures reaching up to 60 degrees, with a wide range of mineral qualities. Towns such as Bania, near the ski resort of Bansko and Velingrad offer traditional spas, some dating back as far as the Roman Times, where bathing and other health treatments are available. As with most activities in Bulgaria, these health Spas cost 20-30% less than those of similar locations in Europe.

SKI RESORTS: Bansko was recently called the "New St. Moritz" by a leading English newspaper. An excellent description. Bansko resort lies near the town of Blagoevgrad and is therefore close to the main thoroughfares to Greece and Southern Europe. Before being discovered by tourists Bansko was a sleepy traditional village at the foot of the Pirin Mountains Now, despite substantial growth, the charm of the old village survives and building development is sympathetic to the original architecture. During the day magnificent new Gondola lift carry skiers to the peaks where they can enjoy the finest of facilities that Europe has to offer.

INSPECTION TRIPS TO BULGARIA: Taking an inspection to Bulgaria is a delight. Both Beach and Ski resort visits cover 3 nights and four days. Sufficient for your clients to discover the homes they desire and to enjoy the fascinating country. Please note, because of the distance, inspection trips fro Beach and Ski can only be taken separately. All tours are personalized and private and in luxury accommodation. Your clients are accompianied by our own English team who are well with first hand knowledge of the region.

Inspection Trips include: Return flights from the UK and Eire to the appropriate Bulgarian Airport transfers in air-conditioned comfort 2 or 3 nights bed and breakfast accommodation in a 4-star hotel accommodation. All reservations and arrangements are made by our Customer Services team Ask for the latest prices and special offers.

PLEASE NOTE: currently RHH offer a highly competitive inspection programme to Bulgaria with NO DEDUCTIONS from partner commissions.

At night the village offers après ski entertainment world class at a fraction of the cost. The town has taken great care to preserve the original values and accordingly there are now building regulations in place which limit future development.

Now is an excellent time to consider investing in Bansko. There are many flights into Sofia the Capital of Bulgaria, Bansko being reached by an enjoyable ride through the countryside. A new feature for the area is the introduction of a new high quality golf course designed by Ian Woosnam. This, along with the opportunities for hunting, shooting and fishing in the beautiful mountains will turn the resort into a 365 days a year rental opportunity. RHH have selected a selection of superb developments for your clients all in excellent positions. We are also pleased to have the only BANK guaranteed rental opportunities in Bansko, an exclusive only from RHH.

INVESTING IN BULGARIA: The opportunity of excellent investment still prevails in Bulgaria. The rapidly growing tourism, the excellent value of the properties and a good stable economy provide the background. Accession to the EU will add an even greater dimension to the increase in property values, surrounding EU countries property values are up to 45% higher than those of Bulgaria a situation which in the future will be levelled. There has been a strong, continued wave of foreign investment ploughed into Bulgaria in recent months, particularly from the US, Sofia the capital being m nominated as the centre for all US Balkan operations. The Bulgarian government and the EU are investing millions of Euros into the 20 million euros infrastructure network in the past year.

These certainly point the way to a glorious, sustainable and profitable future for this delightful country.

RED HOT HOMES SL
Local 6, Edif. Mirador III,
Nueva Alcantara, Marbella,
Malaga, ESP 29670

Telephone: +(34) 952 788 412
Email: agentservices@redhothomes.co.uk

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