News

Is now the time to sell your Bansko apartment..

Written by Dave Moore

Hello

As winter draws ever closer and the smell of snow is in the air, perhaps there’s never been a better time to sell your Bansko property.

Resellmyapartment.com,  a company directed by Stuart Groves & Patrick Shaw have sold 9 properties in Bansko (and 4 properties at their Sunny Beach operation) over the last month proving that there is once again demand for Bulgaria’s most famous winter resort.

The key to selling at the moment is;

• Realistic pricing
• Excellent agency representation
• Strong Partner Relationships in the Principal Buyer Markets
• Strong web advertising

Resellmyapartment.com  focus strongly on these 3 key areas and are consistently out-selling all of the other agencies. What’s more they have many happy customers (both buyers and sellers) whose comments can be viewed here

Resellmyapartment.com will be attending and will have a booth at the Moscow Bulgarian Homes Exhibition in Feb. 2011 and will be opening a Moscow sales office during this time also.

For the second time this year, they are offering a special to all Balkan Legal & Finance customers where they will value, list and market your property for only €75.

To contact Patrick by email, click here or if you would rather speak to him, he can be reached on +359 (0) 899241960 - make sure you mention Balkan Legal & Finance for the special offer.

If your properties not in Bansko, don’t fear as they also operate in all of Bulgaria’s major Summer and Winter resorts so make sure you get in touch as they are selling through the country.

And remember, Balkan Legal & Finance ltd can assist with Legal representation, Mortgages, Insurance, Valuations & Surveys and much more...

Best of luck with selling and hope to hear from you soon.

Kind regards

Dave Moore Cert CII (MP)

Managing Director

E:    This e-mail address is being protected from spambots. You need JavaScript enabled to view it

T:   +44 114 2852 958 M:  +44 773 8887555

A:   38 Chiltern Rd, Sheffield, S6 4QX

Brits spend more on gambling than on life insurances

Written by Administrator

Brits spend more on gambling than on life insurances

41% spend money on life insurance, 68%- on gambling

An average British family spends more money on gambling than on different forms of life insurances. A new research conducted by Aviva- the 6^th biggest insurance company in the world and the leader on the British market of insurances-
points out that only 41% of the population on the island has a life insurance, while a stunning 68% prefer to spend their money on gambling. Life insurance may cost only 5 pounds per month and at the same time an average household spends 13.80 pounds per month on gabling, which means that most of the people place the chance of getting wealth in a sudden before the need of life insurance.

The statistic gets even more shocking if one takes into account another survey that shows that 1 out of 3 people dies from cancer and 1 out of 5- from a heart decease. The chance of a fatal ending due to other kinds of extraordinary circumstances is much higher than the one of winning the lottery.

-          The chance to win the lottery: 13 983 816 to 1

-          The chance to get killed by a shark: 3 156 971 to 1

-          The chance to get struck by a lightning: 258 326 to 1

“People do know that the protection of their family and their own is extremely important, but many of them falsely estimate that it is too expensive and delay taking out a life insurance. Meanwhile they gamble, hoping to win from the lottery, but postpone the insurance comforting themselves that nothing bad can happen to them.”- comments Louis Colly, manager in Aviva. She continues- “If people realized how much they spent on the average for lottery tickets and other insignificant things they would see that they could provide the safety of their families much easier than they thought.”

Source: Insurance.bg

Planning for the future

Written by Dave Moore

Hello

When buying property abroad, it’s easy to forget about what might happen in the future. Very few people know when they are going to die, so it makes it even more important to plan for what will happen to your family and your estate when you do.

2 things that are very important to sort out are;

• Ensuring you have prepared a ‘legal will’ so those who deal with your estate know what your final wishes are. The article below will explain in more depth.
• Having adequate life insurance in place to cover debts, and to leave your family in a sound financial position.

We can help with both of these areas, so please give me (Dave Moore) a call to discuss on 01142852958 or 07738887555.

Making a Bulgarian Will

For anyone who’s been through it, sorting through the paperwork and soforth for a loved one is a really upsetting time. Sorting through the paperwork of a loved one who hasn’t put a will in place is even tougher and could leave family members in a position where they have little or no control over how assets, debts and liabilities are distributed.

Although many Bulgarian property owners may have a will in place in their own country, the content of the will has little relevance to the Bulgarian probate and property laws and as such to ensure your estate falls into the right hands in the event of death – it is essential you do 2 things;

• Make a specific reference to the ownership of Bulgarian property in your Will in your home country.
• Prepare a Bulgarian will to outline your specific instructions for your Bulgarian estate in the event of death.

If you are in a situation where you don’t have either a UK or Bulgarian Will in place, I can help you out. Please get in touch on 01142852958 or 07738887555. to discuss.

To read the remainder of this article, please click here.

Re-registering your Bulgarian Limited Company

If you have set up a company in Bulgaria before 1^st January 2008, you are obliged to register it again according to the procedure as per the Law of the Commercial Register. All companies registered at district courts before the date above, must be re-registered by 31 December 2010. After that time all district courts, at which the companies have been registered before 01.01.2008, will issue certificates for the non re-registered companies and will send them to the Registry Agency, which will cease their trading, appoint a liquidator, determine the liquidator’s remuneration and a term for the liquidation process. All the costs in relation to the liquidation process will be at the expense of the company. The members of the managing body will be responsible unlimited for the obligations of the company in relation to the liquidation process.

To read the remainder of this article, click here.

Ryanair announces flights to Bulgaria starting November 2010

Yes, you heard it right - Ryanair 'Europe’s Favourite airline' (according to Ryanair) have announced a new route between London and Plovdiv.

On the 4th August 2010, Ryanair stated in a press release (weblink) that from the 2nd November 2010, there will be twice weekly flights between London Stansted and Plovdiv. these flights start from £32.99 one way (inclusive of all taxes and charges).

Plovdiv is Bulgaria's second largest city rich with cultural heritage, ideal for city breaks, but most importantly for Holiday Home owners, it is within very easy reach (less than 90 mins) of Bulgaria's 3 main ski resorts of Bansko, Borovets and Pamporovo which opens the market to even more budget travellers from the UK and can only increase occupancy during the ski season for many of those who most need it.

To read the remainder of this article, click here

To re-visit recent articles, click on the links; Bansko Property Market Update; Sunny Beach property market update; Sofia Property market update; Balkan Legal & Finance – Summer update 2010;

Property Investments – Lessons Learned? Tips for the future?

And remember, Balkan Legal & Finance can also assist with; Finance, Legal Services, Insurance, Valuations and Surveys and much more.