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Am listening to the OpenHouse programme on REM.FM, the usual whitewash we must all be happy to live here ,”yes there is a problem with a demolition but there was one in the UK last week.”
Boland rebbiting on about we must be positive otherwise businesses may be forced to close and things are much better than uk . Diatribe about a programme that is on ITV tonight knocking Benidorm, trying to interview the mayor who has been coming out with his tripe that Benidorm is the safest holiday resort in the world.
Another point REM.FM is carrying an advert about a development in Bulgaria,saying that the properties are being sold WITH freehold which is unusual. As I suspect Bulgaria may become a property hotspot I wonder ,firstly if it is true properties are sold without being freehold. If it is true I wonder if agents are explaining this.
Back to Estepona and council tax apparently the town hall has n´t revalued the properties for 20 years, so mammoth increases on the way, between 50% -600%. Although if the owner is on the Padron the increases will be 4-5%, does n´t make a lot of sense, but this is what the town hall is saying.
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@135yearswaiting wrote:
Back to Estepona and council tax apparently the town hall has n´t revalued the properties for 20 years, so mammoth increases on the way, between 50% -600%. Although if the owner is on the Padron the increases will be 4-5%, does n´t make a lot of sense, but this is what the town hall is saying.
It makes alot of sense 135. If a property owner isn´t on the padron, they cannot vote. If the town hall increase the IBI of those who vote, they will be ousted at the next election.
An increase of 500% on those not eligeable to vote will subsidise the who do thus keeping the Mayoy in power.
Classic Spanish gerrymandering!
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In Bulgaria a non bulgarian cannot own land – you can buy the property but not the house the land sits on
2 ways legally around this. If buying land or a smallholding, then you set up a Bulgaria limited company – costs around 750 euros to do so then minimal running costs.
Secodnly, if its an apartment in a new block, then the land will be owned by a company in turn owned by the community which allocates a percentage to each property and therefore the owner. This way you own a percentage apportionate to your property and all is ok.
Im guessing that the advert will relate to this and clients will be explained the above in detail so they know what they have to do to buy in peace!!
I only know cos I had to auction a few of these off and did due diligence so I knew what I had to for clients and the legal pack – Im not selling there!!!! (before my head gets bitten off)
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I agree with Inez 100%. Further caution should be applied where the land is of military or of other strategic interest to the Government of Bulgaria. A foreigner with a controlling interest in the company may struggle if they buy land in above stated zones.
The cost of setting up a Bulgarian company is the easy bit. Accounts have to be prepared, probably audited, and annual returns to be filed, some one has to be paid for all this paper chase. As the manager of the company you are responsible for it. Any delay means penalties.
Its like buying a dog for Christmas.
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Seems a lot have been stung in Goa, same sort of laws as Bulgaria, foreigners cannot hold property etc. Agents found an easy way around it 😯 (as they do). Now the Indian Government have moved the goalposts. These places make Spain look like utopia 😉
Did you know Maurice Boland’s son is married to a Bulgarian who is (I think) a property agent in that country.
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@135yearswaiting wrote:
Back to Estepona and council tax apparently the town hall has n´t revalued the properties for 20 years, so mammoth increases on the way, between 50% -600%. Although if the owner is on the Padron the increases will be 4-5%, does n´t make a lot of sense, but this is what the town hall is saying.
Can you just confirm the 600% – or should that be 60% 😕
Thanks
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