September 29, 2006 at 3:12 pm
· Filed under Design
I hope Building Design won’t mind me quoting at length from architect Andrew Waugh’s report on 35 Ramsgate Street in Dalston. It’s a mixed use development - some affordable housing, some office space, and the brief demanded that renewable…
Original post by articles and PropertyMagnate.com
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September 29, 2006 at 9:59 am
· Filed under Press Releases
Where on Earth Ltd, a specialist overseas property sourcing/consultancy company is pleased to announce a fantastic 100% finance opportunity in Sophia the capital of Bulgaria “One of the most frequent requests we get from buyers is for deals where they can get high levels of borrowing. However, one of the disadvantages when investing overseas with a view to BTL is that, normally, you are required to put down a minimum deposit of 30 per cent. This deal in an emerging market offers up to 100 per cent non-status finance.†says Nick Shinner, Director of Where on earth LTD.. In addition to 100 per cent non-status finance, houses are pre-let to corporate tenants at approx. 10 per cent yield per annum.
The Developer will only be building brand new two-, three- and four-bedroom, detached, high-specification, freehold houses for sale in popular suburbs of Sofia. The main reason is clear – there is a large demand for houses available for rental to corporate clients engaging in business in preparation for the entry of Bulgaria to the EU (2007) and beyond. At present, there are just not enough rental properties of a suitable standard available. 2- bedroom houses from only €95,000.
Key Attractions
• 100% non-status finance available, which gives buyers the option of a low risk investment in the Buy to Let market.
• The houses will be let upon completion to waiting corporate tenants on a 12-month renewable contract. Gross yields will be approximately 10 per cent per annum.
• The development consists of two-, three- and four- bedroom, detached, high specification, fully-furnished houses with private gardens and garage.
• While the apartment market has plenty of supply in Sofia, the supply of high-quality houses is very low, and demand from locals and the rental market far outweigh this.
• The houses are sold with freehold ownership
Why Invest in Sofia and Bulgaria
• A rapidly growing more affluent local population coupled with foreign companies opening offices in Sofia has led to a severe housing shortage in Sofia. Many large multinational companies are basing themselves in Sofia and their workforce will need year-round, good quality accommodation.
• International companies including GE Capital, Ernst & Young, Citibank, Coca Cola, Nokia and Siemens have set up offices in Sofia, showing the confidence these companies have in the region.
• The mortgage market has only opened up to locals and investors over the last two years. This clearly will have a dramatic impact on house prices and demand, supporting the fact that there is a strong local market for re-sales.
• Capital growth in Sofia is expected to achieve 10 – 20 per cent per annum over the next five years.
• Bulgaria is set to join EU in 2007
• Prices are far cheaper in Sofia than most European capital cities, which will ensure strong yields
• Bulgaria Air has announced that they are launching additional services between Sofia and Prague, Brussels, Paris, Amsterdam and Barcelona. They have also started daily flights from London.
Tags
Press Releases
Original post by articles and PropertyMagnate.com
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September 29, 2006 at 9:40 am
· Filed under Design
And it’s about time, isn’t it? I don’t know about you… but the time my cleaners waste cleaning the champagne from my chandeliers. Time which could so easily be better spent spit-polishing my spats. Anyway, the chandelier’s by US specialists…
Original post by articles and PropertyMagnate.com
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September 28, 2006 at 6:52 pm
· Filed under Miscellaneous
The Telegraph has done a good job of tracking down homeowners who’ve bagged property bargains by putting up with a bit of extraneous noise, and properties currently for sale which offer more in the way of facilities, if you’re…
Original post by articles and PropertyMagnate.com
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September 28, 2006 at 6:27 pm
· Filed under House prices
Ten reasons why the Fool says it’s all going to end in tears: We overspend. Our bills are soaring. Mortgage debt is up. Unsecured debt is up. Mortgage equity withdrawal is up. Wages aren’t keeping pace with debt. Savings are…
Original post by articles and PropertyMagnate.com
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September 28, 2006 at 8:32 am
· Filed under House prices
It’s a rise of 1.3% in September, bringing the annual rate of house price inflation to 8.2%. Which was enough to make Nationwide’s Fionnuala Early come over all lyrical. “Just like the weather, the housing market was unseasonably warm in…
Original post by articles and PropertyMagnate.com
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September 27, 2006 at 11:48 pm
· Filed under Real Estate Marketing
What would happen if you could get rich information from Realtors just like yourself, that are succeeding online?
What if you could get inside information and insights into the way they think, deal, and operate?
What if you could see the future of online and offline real estate?
That is what we have in store for you at:Real Estate Expert Interviews
Simply scroll down, click sign in, put in your email address and you will get a password emailed for your entrance.
The first Interview is from a newer agent who averages 2-6 deals a month. All generated from his website.
Listen in as I fire off the questions you wish you could ask. And pay attention as he answers with precision and incredible wisdom.
Who is this Chicago Wiz Kid?
Find out here:http://www.interviewswithrealestateexperts.com/
Original post by noemail@noemail.org (Tim O’Keefe) and PropertyMagnate.com
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September 27, 2006 at 7:44 pm
· Filed under Linkage
On the road with the property finders [Independent] Weak mortgage approvals data for August suggest rate rise biting [Reuters] Blimey - house prices to rise 40% over next five years - the Mirror’s big bulls [Mirror] Unexpected US home sale…
Original post by articles and PropertyMagnate.com
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September 27, 2006 at 5:28 pm
· Filed under Real Estate Marketing, Real Estate News
Who is selling all that property? With all the doom and gloom out there, did you know that 2006 is on pace to be the third highest transactional year.National Association of Realtors (NAR), 2006 is on pace to be the…
Original post by noemail@noemail.org (Tim O’Keefe) and PropertyMagnate.com
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September 27, 2006 at 11:49 am
· Filed under Letting
New licensing rules designed to curb the activities of rogue landlords are resulting in a mass withdrawal from the multiple occupancy sector and the early signs of a shortage of affordable housing. Apparently, the RICS report that almost a third…
Original post by articles and PropertyMagnate.com
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