Invest in Bulgaria with BulFra

Manuel Ferry Sanchez

What are the perspectives of the golf complexes being developed in the region, where the suitable locations are and how many such facilities can Bulgarian market “accommodate” – Manuel Ferry Sanchez, President of the Spanish “Ferry Group” who have created and patented the “Pay & Play” development concept, talks about in the interview. You will also find out: what are the Pros & Cons of employing a world’s renowned designer when planning the golf courses, how long will it take Bulgaria to become a golf destination and more about future plans of Ferry Group.

By BulFra

office@bulfra.com

21 April 2007

Spanish company Ferry Group recently announced plans to invest over 500 million Euro in two projects in Bulgaria, Dnevnik reported. The first project is the Katina Sports Center near Sofia and the second is the planting of a biomass-producing vegetation in the Vidin, Montana and Lom regions.
The president of the Spanish company "Ferry Group", Manuel Ferry Sanches signed contract with Sofia municipality and confirmed his business plan to invest 150 mln.euro in the next 3 years in "Kuttina golf resort" project, building a multifunctional modern golf center, commercial center, recreation area with sport center including swimming pools and tennis-courts.

Do not hesitate to contact Bulfra if you are looking for luxury properties or possibilities to build luxury.

Bulgarian government will increase state aid for investors in high tech regions or region with high unemployment rate.

The main purpose is to focus interests on production activities and alternative energy sources, Deputy Economy and Energy Minister Anna Yaneva said as quoted by Dnevnik daily.

Bulgaria supports mainly projects worth more than 40 million leva. Amendments in investment encouragement laws will decrease the amount to 13 million leva.

Law changes envision end of state support for tourism and trade investors.

Until now investors were divided into three groups based on the amount invested. Amendments will divide investors in two groups, simplifying procedures.

In case projects target regions with high unemployment rate investors will more easily receive first class investment certificate.

High tech investment projects worth more than 35 million leva will get the same certification, Yaneva said.

10:34 Thu 28 Sep 2006

Buying cheap property, even in Bulgaria's small villages, was becoming increasingly difficult, Bulgarian daily newspaper 24 Chassa reported.

Even if village houses were to be found, prices were no longer as low as in the recent past.

In the past five years property prices in Bulgaria increased fast, 24 Chassa reported. The process affected village property the latest. Increased investor interested in village property, however, quickly resulted in price jumps.

The growth rate began slowing down in 2005 and 2006. Because of the trends in the past few years cheap property could be found hardly, 24 Chassa reported.

Investors and agencies bought cheaper property in some of Bulgaria's small villages and after some renovation works offered it for sale at prices much higher than the original ones.

Data of imot.bg shows that property worth 10 000 euro could hardly be found. Only 1200 houses were offered for sale at such price. Only 100 houses worth 10 000 euro were offered for sale in the Sofia region, 24 Chassa reported.

We , BulFra Real Estate Agency Sofia pretend to have properties around these prices and not allways far from main towns.

We can offer many houses around 14 to 15 000,00 Euro's.

Contact: office@bulfra.com

Immorent Bulgaria to invest in office building, hotel in Sofia

Lease financing company Immorent Bulgaria, part of Erste Bank leasing unit Immorent Aktiengesellschaft, will build an office scheme and a hotel in the center of Sofia, said manager Iliana Schmatelka. The company will develop a lot on Sofia's Todor Alexandrov boulevard into a 6,200 sq m office building at a cost of 12 mln euro. The location of the planned hotel property is at the intersection of the Simeon and Washington streets in the center of the capital.

Talks are underway with major international hotel operators, said Schmatelka. Investment is seen at 10-12 mln euro. Immorent, which lease finances the development of industrial, administrative, logistics and retail schemes, ranked as the nation's 4th biggest property lessor in 2006 with a portfolio worth 10 mln euro, said Schmatelka. The company was involved in the renovation of the BERS logistics hub in Sofia borough Kazichene and of the production and office buildings of the Rotoprint publishing company in Elin Pelin and in the construction of a plant for electric and electronic systems for the automotive industry in Yambol.

The biggest project the company is involved in is the Serdika commercial and business center in Sofia. The project, where Immorent acted as site supervisor, was developed by Sparkassen Immobilien AG, the real estate division of Erste Bank Group, and Germany's ECE Projektmanagement. The complex, due to open in late 2009, has been issued a building permit, said Ernst Vejdovszky, member of the Sparkassen Immobilien managing board. The 180 mln euro Serdika Center is designed for 50,000 sq m of retail and 35,000 sq m of office floor area.

Immorent plans to invest 500 mln euro in retail, office and residential developments through 2010. The company has invested here 85.8 mln euro I the past 3.5 years. It has signed over 120 leasing contracts with companies from the mining, machine-building, road construction and publishing industries.

BulFra Real Estates:
Tel/Fax: 359 2 858 18 60
office@bulfra.com

Austria's Austrotherm to build insulation panels factory in Aytos

Austria's Austrotherm will build a factory for thermal insulation panels in Aytos, a city in North-eastern Bulgaria, it was announced after company executives met with the city mayor. Austrotherm has already bought a production facility in the city industrial zone, said Todor Nedev, manager of the company's local division.

Production is likely to begin in March 2008, said the company official. The location of the new production hub will cut transportation costs and will put the company in better position to cater to the construction projects that have peppered the Bulgarian Black Sea coastline. The cost of the investment was not disclosed. In 2005, Austrotherm opened a 4 mln euro factory for expanded polystyrene foam and extruded polystyrene foam products in Kazichene, near Sofia. The output of the Kazichene plant is marketed in Greece, Macedonia and Albania.
5 June 2007, Dnevnik

Foreign investors: BulFra has the exclusivity on selling a few
factories around Aytos and Vidin.
We deal directly with the owners and these production units are in very good conditions.
For more informations: office@bulfra.com
Tel/Fax: 359 2 858 18 60

BulFra Keeps you informed about Sofia:

The new plans concern a 12 km section from the Bulgaria boulevard to the Pernik-bound railway and a 3 km section between the Kliment Ohridski and Alexander Malinov boulevards. The planned tunnel and trestle will both have double decks, keeping separate the high-speed cross-town traffic and neighborhood traffic.

Also made in Bulgaria for BulFra.

Contact: Jean Claude
office@bulfra.com

In Bulgaria we can furnish your home,sweet home!
These childrens furniture were made for BulFra:

We can offer all models of wrought iron in Bulgaria.

office@bulfra.com
Tel:359 887 45 82 35

Bulgaria, Romania start second Danube bridge construction

Bulgarian Prime Minister Sergey Stanishev made the symbolic first sod for the construction of the Danube Bridge II at Vidin-Kalafat on Sunday, reported BTA news agency.

The bridge construction is an important part of the Pan- European Transport Corridor 4 passing from Thessaloniki through Sofia and Vidin to Romania by providing connection to Central and Western Europe, Stanishev said at the official ground-breaking ceremony in Vidin.

According to the prime minister, the new infrastructure project is one of the biggest in the next years in Bulgaria.

The bridge is important not only for Bulgaria and Romania, but also for the European Union (EU), as it is definitely a bridge of the reunion of the European continent, said the prime minister.

The project costs 236 million euros (about 318 million U.S. dollars) and is supported financially by the EU Phare and ISPA programs, the European Investment Bank, the Frankfurt-based development bank KfW and Agence Francaise de Developpement Development (AFD), and co-financed by Bulgaria's Exchequer.

The new bridge will be located at the 796th km of the Danube river, linking Bulgaria's Vidin and Romania's Kalafat. The total length of the bridge is 1,971 meters. It will have four road lanes and a railway track.

The Spanish FCC company won the bid as the designer and contractor of part of the main bridge. The bridge is scheduled to be constructed within 38 months.

Currently, Bulgaria and Romania are connected by a Danube bridge built in 1954, which is located in the eastern part of the border of the two countries.

BulFra will open office in Russe close to the bridge.

BulFra Bulgarian Business Bridge: created in Sofia in 1999.
Contact Us : office@bulfra.com
Call 359 887 45 82 35

RENOVATION & DECORATION
Our Renovation and Decoration department provides a complete interior and exterior renovation service to include design, purchase, supervision of works and installation of all materials and supplies by qualified Artisans, Contractors and Decorators with whom we have worked for many years. Also provided are full Garden Design, Landscaping, Planting and Sprinkling installation facilities as well as the design and coordination of swimming pool and tennis court construction.

Bulfra Engineering & furnishing
Tel: 359 887 45 82 35

BulFra Real Estates offers a sort of leaseback in Bulgaria:

What is the Leaseback:
The Leaseback System is a plan supported by the French government to encourage people to invest in tourism orientated property in France, whereby your dream home becomes a reality and allows you to cover most or all of the mortgage repayments through a rental income, averaging between 3 and 6%, and guaranteed by a large holiday company, who will lease your property for a contractual period of 9 years or more.
At the end of the agreed period, your property is returned to you, fully maintained, with 9 years capital appreciation. Moreover this scheme avoids the need to pay VAT, currently 19.6%, at the time of purchase.(In Bulgaria you will pay VAT)

Each apartment or villa brought in this way gives the buyers certain weeks of the year when they can use it themselves for no cost. These conditions are contracted with the developer at the time of purchase.

The owner of the property may sell it at any time during the leaseback period. A proportion of the VAT discount received at the time of purchasing the property would have to be refunded (1/20th for every year before 20 years have expired).

While all the utility bills and general maintenance and upkeep are the responsibility of the management company, the land tax (taxe foncière) remains the responsibility of the owner.

The leaseback scheme is an excellent way to acquire a property that is virtually auto-financing, a long term investment with the exclusive use of your own home for several weeks a year during the period of the lease, and the advantage of capital growth with substantial profit at the end of the lease back period.

BulFra Real Estates will assist in the selection of the leaseback property best suited to your needs and budget and propose financing, mortgage facilities through our varying banking partners at the best possible terms.

We choosed the right partners in Bulgaria and you can lease your property back on many projects we recommand and promote.

Contact: office@bulfra.com
Tel: 359 887 45 82 35
Ask for: Gilles

1- & 2-bedroom flats in a modern off-plan residential building in one of the most prestigious quarters of Sofia, Borovo, with a beautiful view and a convenient disposition of each individual apartment.

1-bedroom flats, 1 & 2 floor:
Total area – 70 to 90 m2;
Price from 86940 to 111780 €.

Location:
• Located at the foot of the Vitosha Mountain;
• In a new quarter being built-up with modern residential and office buildings;
• Far from the noisy centre, yet close and convenient enough: just 10 min with a tram to the heart of the capital.

The building comprises:
• a basement with a parking area;
• a ground-floor with shops and garages;
• 9 floors of apartments, ateliers and offices.

Construction & architecture:
• A monolith construction framework;
• Beautiful outside;
• Warm colours;
• Broken-up, modernistic contours.

Facilities:
• Security guard;
• fire alarm system;
• internet;
• cable television;
• telephones;
• central heating.

Interior:
• Room flooring – oak parquet;
• Entrance flooring – granite gneiss;
• PVC joinery SHUCO;
• Walls – white latex paint;
• Bathrooms & WC – Italian mixing taps, Italian sanitary faiance, terracotta.

Opens September 2007.

Cheap House close to Sofia:

Price 15000,00 Euros

Specifications: Two-storey house with landscaped, cultivated garden. Accessible by an asphalt road. Electricity, water, sewerage, phone cabling and cable TV are provided.

Accents:

Close to Sofia city
The houses nearby are inhabited year-round
Well developed infrastructure

Additional info:
Our main purpose is to provide our clients with an excellent level of service, the majority of which are foreign investors who have decided to own property here in Bulgaria. We appreciate the seriousness of looking after your property, and realise the full implications that this entails. You can rest assured that you are in good hands and that your investment is kept in great condition

Construction type: Brick
Year of construction: 1985 Year
Joinery: Wood windows
Electricity
Pipings
Sewerage
Agent's valuation of the offer Very good!