I have a number of exciting things to write about today. The past couple days have been particularly productive, and Emerge is nearing ever closer to selling property in Pridnestrovie (see the section listed about Pridnestrovie on my site). In my mind, the primary goal of Emerge (UK) ltd is to make buying property abroad easy for everyone. I therefore intend to travel to this exciting new country in a few weeks time to explore the possibility of buying and selling development land in Tiraspol. It's a gamble, a bit like playing the lottery with better odds, and buying in Pridnestrovie may not appeal to cautious investors. However, the potential is enormous. Not many people have heard of Pridnestrovie let alone visited the country - yet it is part of Europe! It is going though transition very much like Bulgaria has over the last 20 years. Remember BG was under communist rule until 1990. It is also worth noting that 20 years ago you could buy development land in Sofia for a few hundred pounds - now the same plots are worth a few million. There isn't any middle ground with this one - you will either make money or you won't - but the potential as one of the first foreign investors is definitely worth pursuing !
So, with my new vision out of the way, let’s get on with the news.
The summer season in Bulgaria starts in a few weeks. A lot of my summer will be spent on the Black Sea Coast in Sunny Beach and Nessibar. I tend to be an early riser and always start my day with a strong coffee or two. The working day in Bulgaria seems to be shorter than we have in England - Bulgarians often don't start work until 10am and in Sunny Beach many places are shut until midday. I have often finished my working day when everyone else is getting up - welcome to Bulgaria! If I am not viewing with clients, I catch up with paperwork and emails, then its off to the beach for some sun and a cold beer. I know this sounds idyllic but often the day is long with little sleep.
Anyway, there is some good news for existing clients - Bulgaria might switch fully to the euro very soon. The market will become open and banks will expand by opening new branches around the country. Property prices are likely to see a dramatic rise - 2010 really could be the ideal time to invest for those new to buying property in BG - Bulgaria is very well prepared because of the currency board and the fixed EUR/BGN exchange rate. This means that although property prices should go up, the cost of food and other necessities are likely to remain low compared to prices in the UK.
My next post will be from either Bulgaria or Pridnestrovie
Until then
Dovizhdane
So, with my new vision out of the way, let’s get on with the news.
The summer season in Bulgaria starts in a few weeks. A lot of my summer will be spent on the Black Sea Coast in Sunny Beach and Nessibar. I tend to be an early riser and always start my day with a strong coffee or two. The working day in Bulgaria seems to be shorter than we have in England - Bulgarians often don't start work until 10am and in Sunny Beach many places are shut until midday. I have often finished my working day when everyone else is getting up - welcome to Bulgaria! If I am not viewing with clients, I catch up with paperwork and emails, then its off to the beach for some sun and a cold beer. I know this sounds idyllic but often the day is long with little sleep.
Anyway, there is some good news for existing clients - Bulgaria might switch fully to the euro very soon. The market will become open and banks will expand by opening new branches around the country. Property prices are likely to see a dramatic rise - 2010 really could be the ideal time to invest for those new to buying property in BG - Bulgaria is very well prepared because of the currency board and the fixed EUR/BGN exchange rate. This means that although property prices should go up, the cost of food and other necessities are likely to remain low compared to prices in the UK.
My next post will be from either Bulgaria or Pridnestrovie
Until then
Dovizhdane
This a great place to eat in Sunny Beach. The food is tasty but expect to queue at peak times
The hotel Globus just by the main square in Sunny Beach. A nice place to stay but make sure you ask for a quiet room if you want any sleep. There's a bar / disco at the front of the hotel that stays open all night!
Late night bar on Sunny Beaches main square
Having fun
Pridnestrovie
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