FOR RENOVATION €7,000 | Kardam - House, Kardam, Bulgaria | 2 Bedrooms

NEXUS ESTATE AGENTS

Nexus Estate Agents: Acting on behalf of a carefully selected panel of Bulgarian Real Estate Agents for the sale of properties in various locations.
PRICE QUOTED MAY NOT INCLUDE TAXES, FEES, COMMISSIONS AND UNFORESEEN OTHER / INCIDENTAL EXPENSES. MAY ALSO CHANGE WITHOUT NOTICE DUE TO CURRENCY FLUCTUATIONS AND OTHER UNCONTROLLABLE FACTORS.

PROPERTY & LOCATION

This extremely cheap property consisting of 3 undefined rooms plus a hallway and kitchen is in reasonable condition and is on a good sized plot of approximately 1200m2.
Only an 8kms drive from the town of General Toshevo with its' many restaurants, shops and bars and 33 kms from beaches, this would make an ideal holiday home and a sound investment.
The village of Kardam (Dobrich District) is located in North-East Bulgaria. It is part of the Municipality of General Toshevo with 1149 inhabitants.

AMENITIES

Local amenities are available nearby.

MAIN

MAIN 2

LAND

GEN INFO - BULGARIA

Bulgaria is a parliamentary republic with a population of around 8.5 million, situated in Southeast Europe and occupies the eastern part of the Balkan Peninsula. To the north it borders on Romania, to the west on the Republic of Macedonia and the Federal Republic of Yugoslavia, to the east on the Black Sea, to the south on Greece and to the southeast on Turkey's European part.
Area: 111.000 sq km. The capital city is Sofia: Population approx 1.4 million. Other large cities include Plovdiv, Varna, Veliko Turno. The countryside is extremely varied: large plains and lowlands, low and high mountains, valleys and lovely gorges. The climate is Temperate continental A Mediterranean influence is felt in the country's southern regions. The average annual temperature is 10.5�C. The average January temperature is around O�C. Average summer temperatures rarely exceed 30�C. The native language is Bulgarian. English, German, French and Russian is spoken in the country's resorts, hotels and restaurants. Time Difference: Winter time: GMT +2 hours (October through March). Summer time: GMT +3 hours (April through September)
Medical Service: Free first aid and consultation in emergencies. Currency exchange in banks and bureaux, rates defined daily. Credit Cards accepted: Visa, MasterCard, JCB, Diners Club, American Express, Access, Airplus and may be used for the payment of services in hotels, restaurants night clubs, shops, car rentals, etc.
Entry visa not required for EU citizens

REASONS TO BUY IN BULGARIA

7 reasons why you should invest in property in Bulgaria in 2008:
1. No tax on the profit from resale of 1 PROPERTY per year.
2. No tax on the profit from resale of 2 PROPERTIES owned for more than 5 years - for long-term investments.
3. No tax on the interest gained from personal savings in Bulgarian banks.
4. Flat rate of as low as 10% for all taxable incomes - one of the lowest in the world!
5. Flat rate of as low as 10% for corporate profits - one of the lowest in Europe!
6. Double taxation agreements with many countries in the world.
7. Flat rate of as low as 5% for dividends shared by Bulgarian companies - a very good incentive to start business operations in Bulgaria.

BUYING / SELLING / MOVING

You may be wishing to retire abroad and sell your home, in which case we can help you market your property to achieve the best price and make your move as painless as possible. We can offer you a FREE VALUATION AND MARKET APPRAISAL with LOW LOW SELLING FEES. Or, if you are already abroad and looking to repatriate, we can market your foreign property from our UK office on a worldwide basis and help you find a property back home too. Whatever your circumstances, contact us first. Visit our website for more information. - www.nexusproperty.co.uk - it could be the best thing you ever did!

NEXUS FINANCIAL PLANNING

Our sister company, Nexus Financial Planning is available to arrange FULLY INDEPENDENT MORTGAGE & FINANCIAL ADVICE on a range of financing options at home or abroad, should this also be required. In addition we have the facility to arrange a host of other services on your behalf to enable a speedy conclusion to any sale or purchase. Call us now to make your free no obligation appointment.

PURCHASING

When it comes to choosing your overseas property we can assist you every step of the way to make sure your new purchase runs as smoothly as possible. We have UK and overseas based lawyers & notaries with whom we work to help with the legal side of things and we can assist you with finding the right finance should you wish. You can use as much or as little of the services we offer as you want.
We do not arrange inspection trips where you a ferried from one development to another with a large group of people on a mini bus. However, we can offer an individual one to one basis tour of suitable properties that meet your individual needs.
Our dedicated, personal service ensures you get to see exactly the properties that will interest you and when you have found your ideal home we minimise the stresses and strains of the transaction.
We adopt a strict 'no-pressure' selling policy and always offer exceptional customer service and advice. Our network of professionals is here not only to help you find and buy your property, but also to offer you a comprehensive range of After Sales Services.

CURRENCY EXCHANGE

WE CAN ALSO HELP YOU WITH CURRENCY EXCHANGE. WHEN YOU COME TO PAY, WE CAN ARRANGE ALL OF YOUR TRANSACTIONS VIA OUR SPECIALIST PARTNERS WHO WILL GUIDE YOU THROUGH THE FINANCIAL MAZE, AND IN OUR EXPERIENCE, AT LOWER COST AND WITH BETTER SERVICE THAN THE BANKS!
CALL OR EMAIL TODAY

HINTS AND TIPS

To assist you we have put together some simple rules when buying overseas:
1. Never sign a contract that you do not understand (for example - if it is in a foreign language).
2. Always ensure that you seek specialist advice from independent Solicitors, Architects and Surveyors before considering a purchase overseas. They should be proficient in your chosen country's laws and processes and also know the specifics involved in buying a property there.
3. Before proceeding with the purchase or a re-sale property, regardless of age, ensure an Independent Valuation of the property is carried out, which should point out any problems with the property - ie: subsidence, damp, wiring defects - and could also possibly highlight any boundary disputes etc.
4. Ensure you do not inherit a debt on the property before you purchase, which a solicitor should be able to check - ie: If the developer has borrowed money to build the development and this amount has been allocated against each plot as additional security to the developer's bank.
5. Always give yourself a `cooling off` period if you see a `must-have property` and are tempted to put down a deposit there and then.
6. If you are arranging finance on the property, ensure that this is stated in any contract and you have an 'opt-out clause' if the loan is not agreed (which will ensure any deposit paid is refunded).

TIPS CONTD

7. Try to arrange your mortgage finance 'in principle', before agreeing to purchase the property, or before signing any contracts and paying over a deposit.
8. Arrange your mortgage in the currency that you earn in where possible, unless you are going to receive rental income from that property in the local currency and then this may be a possible alternative option, dependent on the lender's criteria.
9. Think about combining your cash with friends or family: it could bring a Villa with pool within your financial reach, rather than simply an Apartment.
10. Check with the Estate Agent or vendor that you are aware of the costs charged by the legal and government authorities for purchasing a property in your chosen country.
11. Open a bank account in your chosen country and ensure you get a Certificate of Importation for the money you bring in from your home country.
12. Set up standing orders in a local bank account to meet bills and taxes. Failure to pay your taxes in some countries, such as France, Portugal and Spain, could lead to court action and possible seizure of your property.
13. Remember that bills do not end at the asking price. Lawyer's fees, Taxes, Insurance etc must all be met in your host country and can often be more expensive.

PLEASE NOTE

The details that you see on the Internet are even more comprehensive than those that we issue by mail, so to avoid delay in receiving a hard copy of the full details, press your print button now. If you wish to arrange a viewing trip, please contact the office by telephone or email.

WEBSITES

View all our properties 24 hours a day on www.nexusproperty.co.uk - propertyfinder.co.uk, thinkproperty.com and vebra.co.uk where you will find complete detailed descriptions, maps etc., to help you whether you're buying or selling.

These particulars were prepared by Nexus on the instructions of either the vendor, local agent in the designated country, builder or in the case of Round Homes - by the manufacturer (The Estates Company (Europe) Ltd.). Whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.