house for rent in a quiet and calm area - Gorna banya quarter

Specifications: Cozy house in a quiet and convenient location, with an year-round access. Excellent location - Gorna banya quarter, close to the ringroad and one of the main boulevards in the capital. Fully cabled - cable TV, Internet, telephone. Big yard with a lot of greenery and fruit trees. The house is for rent fully furnished.

Disposition: First floro - living room with a dining room and a kitchenette, bathroom with WC and a balcony. Second floro - a bedroom with two small rooms, corridor, a balcony with a beautiful panoramic view of Vitosha mountain, bathroom with WC. Third floor: a spacious premise /studio/ with bevels, WC.

Floors and walls: First floor with terracotta tiles and parquet, walls - latex painted. Second and third floor - parquet and latex painted walls. Bathrooms and WCs - terracotta tiles and faience.

accents

• Quiet and calm area;
• Convenient location;
• Wonderful panoramic view of Vitosha mountain;
• Spacious yard with a lot of greenery;
• Garage;
• Communications

Take a look in our new catalogue - HERE

The first VIP catalogue by Mirela - HERE

More information about Mirela Real Estate Agency - HERE

Why you trust us...

When organizing your trip to Bulgaria to view or purchase property it is very important that your trip is free from any troubles so you can focus on the main reason for your trip - to choose the right property. We, at  Mirela Real Estate agency will be more than happy to organize your viewing trip to Bulgaria.

Before you come to Bulgaria we can organize or recommend a number of hotels providing accommodation.

On arrival you will be greeted by a friendly and highly trained representative.

Afterwards we will arrange for you the viewing of properties you may be interested in at any time convenient to you. At that time you will be accompanied by an experienced and qualified employee of ours to provide consultancy, interpretation and assistance when required.

Mortgage Loan possibilities...

You can rely on a Mortgage Loan from a Bulgarian bank that will finance your purchase, even if your income originates from another country. Mirela Real Estate agency has a partnership with leading Bulgarian Banks based on a licensed contract, by the force of which we represent them, a sign of respect and trust. Our credit specialists offer consulting services to our foreign clients and this service is free.

Here are the main characteristics of a standard mortgage loan in Bulgaria are, as stated by two of the leading banks in the country - United Bulgarian Band and First Investment Bank.

UBB - United Bulgarian Bank

The client segments are the citizens of the European Union, USA and Canada. The minimum amount of the credit is Eur 7500, the maximum is Eur 250 000 for a period of up to 20 years. A person must be at least 23 years old to be considered eligible and the age plus the loan period shouldn't exceed 65 years. For the first year the interest rate is 1.5% or 5.9% for the first 3 years. There is a standard interest rate for the rest of the loan period which is 6.5%. The bank has an application fee of BGN 20 and an administration fee of 0.5%. The prepayment fee is 5%.

First Investment bank

Every able local or foreign citizen is considered an eligible borrower. However, if the acquired property is a plot, a local citizen should acquire a property. There are no limits concerning the maximum loan amount. The maximum term is 240 months with a loan purpose - acquisition of a real estate.

There is an option of a period when the borrower pays only interest which may be up to 12, 24 or 36 months. After it equal monthly installments during the loan term are paid. In case of overdue payments the bank charges a penalty interest rate. The application fee is Eur 50 and the management fee is 2%. You can read more on the fees and charges on their website. The applicant's income should be 1.50 times the monthly installments. The minimum income that should remain per member of the household is 500 Eur for adults and 250 Eur for children.

The term for approving the application is usually up to 2 days.

Finishing and furnishing...

For owners of properties in Bulgaria, interested in renting their premises or for those who want to feel their property like a real home we can take up organization and control or full completion of construction or repair works. Mirela Real Estate Agency is in partnership with companies that offer complete line of furnishing services including ready set furniture packages that meet the requirements of the rental management companies. If you prefer our partners can help you design an ideal interior to suit your taste and style, and completely furnish the property  so that  everything is ready for you.

Construction type: Brick

Year of construction: 1988 Year

Heating: Combined local heathing

Exposure: East, West

Number of bathrooms: 2

Balconies: 2

Joinery: Wood windows

• Permission for use granted
• Garage
• Furnished

Agent's valuation of the offer Excellent!

Where is it possible to buy a property on your credit card? Bulgaria, of course!

With thousands of potential property buyers seduced by Bulgaria's bargain property prices, the temptation is to think that making a solid return is a no-brainer! For first time investors with small budgets looking for a step onto the property ladder, this seems like an opportunity almost too good to be true!  The result is that thousands of novice speculators and second homebuyers are flocking to Bulgaria to cash in on the investment opportunities it offers.

Until recently Bulgaria was a little heard of, little talked about country tucked away in a dark corner of the Eastern Block so what has changed?  Bulgaria's success in attracting thousands of property investors could be put down to two key factors. 

Firstly, the past two years have seen a decline in rental yields in many of Europe's more established property markets.  The UK, Ireland particularly are seeing rental yields drop to under three per cent.  Combined with the over inflated cost of property in these countries, the Western Europe investment market is a tough one to work.  This has resulted in thousands of investors, turning to Europe's emerging economies, seeking out markets that can work their funds more profitably.  Close behind them follow hundreds of amateur investors and holiday homes buyers ready to buy up the new properties being built by professional developers.

However, foreign interest in new markets alone doesn't explain Bulgaria's success. Investors seeking new pastures could in theory take their funds to any of the former Communist countries and many of them do.  The second factor that has attributed to Bulgaria mass appeal is its versatility. Bulgaria is such an attractive investment opportunity because it has something for everybody's tastes and offers the investor and holiday homebuyer plenty of choice.  Right now dozens of new developments are springing up along the beautiful Black Sea coastline and sun soakers from all over Europe flock to Bulgaria for cheap and affordable beach holidays!  Further inland, Bulgaria's main ski resorts have become some of the most fashionable in Europe, particularly Borovets and Pamporovo.  Top quality ski chalets, hotels and complexes are being built to facilitate the new influx of European skiers, all at amazingly affordable prices.  A ski chalet in the centre of Bulgaria's ski resorts can be bought for a quarter of the price of a similar chalet in France or Italy.  Finally, the natural beauty of Bulgaria's mountain ranges and valleys has made it an appealing location for walking, cycling and adventure holidays.  From the cosmopolitan appeal of Sofia, the country's capital, to the small villages of the Rhodope Mountains, Bulgaria has something to offer every taste at some of the most affordable prices in Europe.

Two or three decades ago, Spain was experiencing the type of interest that Bulgaria is receiving now.  With the rise of the foreign holiday as a luxury the masses could afford, Brits began to flock to sun soaked Spain.  Their interest promoted an influx of developers who took advantage of Spain’s popularity with tourists and built affordable holiday homes. This encouraged many of the tourists to invest in their own little piece of paradise, with the advantage of being able to extend their own stay and encourage others in by letting their property. The result over the years was a continuing rise in property prices but also a strengthening tourist economy, a well-developed infrastructure and growing opportunities and financial benefits for native Spaniards.

Property prices in Spain are now so high that buyers are forced to look for cheaper alternatives.  In turning to Bulgaria, the cycle will begin again.  In fifteen to twenty year's time, the Bulgarian property market may well be over-priced for second homebuyers and once again the search will begin for new and cheap destinations.  In the mean time Bulgaria will have grown on the strength of its EU membership. It will have pumped millions of euros into improving infrastructure.  Tourism will have generated huge amounts of wealth for the economy and the poverty that characterises the country now may well be very much a thing of the past!

So while Bulgaria is proving to be a wise investment option with some properties offering up to 80% capital appreciation in one year, it is still necessary to be very cautious when choosing where to invest.  Property prices are rising significantly but largely in the more established and more desirable tourist hotspots.  Investing along the Black Sea coastline and areas within 10km of the two major ski resorts, Barovets and Pamporovo, is likely to yield a healthy 60-80% capital growth in one year.   Buying a new apartment in these areas can cost as little as EUR 30,000 and is likely to be solid investment, since they can be easily let to the increasing number of tourists coming to experience the delights of Bulgaria.