The Bulgarian property market has hit a new high after Bulgaria became a member of the European Union. This comes as no surprise to the investors since many countries have shown an increase after the European Union accession. Most of the big British investors believe that “Bulgaria is a place to watch” and that properties prices will continue to go up. This is especially true about the luxury, upscale apartments in bulgaria the biggest and most famous Bulgarian resorts. Posh units at ski resorts such as Bansko or spa style apartments at the Black Sea resorts such as Obzor already sell between J48 000 up to J322 000. They feature exclusive interior designs and amenities. The biggest British up-market real estate agents and developers such as John Hitchcox of Yoo, Dominic Hassell of Knight Frank, Charles Weston-Baker of Savills attribute this to the significant progress Bulgaria has made in the “due diligence” process – proof of ownership of the land and legal deeds when the properties are sold.

BulgariaReals.com – Bulgarian Property Experts

The Bulgarian financial market just added a new feature – insurance for credit loans and leasing contracts. It provides the clients with the option to insure themselves when they cannot any longer make payments towards the loan in case of fatal and/or unforeseen circumstances dangerous to their lives, health and property. The insurance is offered by Raiffeisen Bank and the insurance group Vitosha, which is a part of the Austrian group Unika.

Raiffeisen Bank has more than 11.7 million customers and more than 2775 offices offering services in leasing, mortgages, real estate development etc. Raiffeisen Insurance Broker was created in 2006 and it is a division of the bank. The Insurance broker is now offering in Bulgaria three different packages for credit loans’ and leasing contracts’ insurance – “Life”, “Accident”, “Bulgaria Property” which provide complete insurance protection in cases of fire, natural disasters, earth quakes. When such events occur the Insurer takes over the client’s payments. The procedure to sign such policy is relatively simple and the prices are preferential. This policy is offered in combination with the loan obtained by Raiffeisen Bank. The bank finances in advance the entire policy’s premium and gives the client the opportunity to make insurance payments over time along with the loan payments.

BulgariaReals.com – Property for sale in Bulgaria