Bulgaria Property Network

Bulgaria Property Network. Bulgarian property listing. Bulgaria property agents. Bulgarian real estate directory.

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This website offers you the chance to find fast and easy detailed useful information on the real estate agents and property market in Bulgaria. In 2004 the real estate market in Bulgaria reached incredible foreigner interest. As a result hundreds of new companies have sprung up.

In the last years there was an increasing demand for Bulgarian properties in mountain resorts, along the Black Sea coastline, and in the big Bulgarian cities, as well as large plots of agricultural land.

Although real estate prices in Bulgaria are still cheaper in comparison with the prices of other European countries, they are increasing by 20-30% every year. The trend is expected to continue until Bulgaria joins the EU in 2007.

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Britannia - one of the UK's leading developers in Bulgaria

...say impending EU membership and low property prices are helping money pour into the Black Sea resort nation.

The number of Welsh families buying property abroad is on course to double within the next seven years, with Bulgaria proving the hot destination.

Even first-time buyers priced out of the domestic market are turning to the former Soviet bloc nation to get a foothold on the property ladder, says Swansea-based Britannia Overseas Property.

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One of the most complex and significant financial events in peoples’ lives is the purchaseor sale of a home or investment property. Because of this complexity and significance, people typically seek the help of real estate brokers and sales agents when buying or selling real estate. Real estate brokers and sales agents have a thorough knowledge of the real estate market in their communities.

When selling real estate, brokers arrange for title searches and for meetings between buyers and sellers during which the details of the transactions are agreed upon and the new owners take possession of the property. A broker may help to arrange favorable financing from a lender for the prospective buyer; often, this makes the difference between success and failure in closing a sale. Besides making sales, agents and brokers must have properties to sell. Consequently, they spend a significant amount of time obtaining listings—agreements by owners to place properties for sale with the firm. When listing a property for sale, agents and brokers compare the listed property with similar properties that recently sold, in order to determine a competitive market price for the property.

Once the property is sold, both the agent who sold it and the agent who obtained the listing receive a portion of the commission. Most real estate brokers and sales agents sell residential property. Before showing residential properties to potential buyers, agents meet with them to get a feeling for the type of home the buyers would like. Once both parties have signed the contract, the real estate broker or agent must make sure that all special terms of the contract are met before the closing date. While loan officers, attorneys, or other persons handle many details, the agent must ensure that they are carried out.