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Answers - Facts About Real Estates In Bulgaria - The Latest European Union Member
Two months after joining the European Union, Bulgaria attracts increasing interest towards local real estates. Its strategic geographic location and the membership in EU and NATO turn it into an attractive destination for property buyers. For sure, you need to have more information before investing your money
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
into a small country with a beautiful nature and extremely low for Europe prices.
The low prices... One of the main Bulgarian advantages on the global real estate market is that despite its European location, its property prices are not European. At least not yet. They have been continuously growing up in
The low prices... One of the main Bulgarian advantages on the global real estate market is that despite its European location, its property prices are not European. At least not yet. They have been continuously growing up in
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
ecent years thus rewarding early buyers. You can get a nice apartment in one of the best quarters in the capital - Sofia - for about 1 000 Euro per sq.m. The cost of the agricultural land starts from about 80 Euro per 1 000 sq.m. For the Bulgarian standard of living (middle salary 250 - 300 Euro per month) th
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ese prices are not affordable at all, but compared to the sum which a citizen of another European country pays for a real estate it is a lucky bargain. And so far local market should keep the balance between the price which a local buyer could afford to pay and the new-coming possibilities of foreign buyers.
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
The desired properties...
In the first years of foreign expansion into the local market, investors were mainly interested in buying buildings and apartments. Afterwards they saw the potential in new developments and plots became the most attractive segment for investors on the market. And besides investors,
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
foreigners who just want to invest their money into a desired holiday home prefer flats, studios and houses mainly in mountain and sea resorts.
Old properties for connoisseurs... Bulgaria is a country rich in history. During its more than 1300 years old existence, it has been an object of many different cul
Old properties for connoisseurs... Bulgaria is a country rich in history. During its more than 1300 years old existence, it has been an object of many different cul
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
ural influences. The old parts of the Bulgarian towns still preserve awesome specimen of architectural styles typical for the 20's, 30's and until present days. And it is not impossible to buy a very old house (for example more than 100 years old) at a quite reasonable price. Foreign connoisseurs are well acq
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
uainted with this facts and perfectly know how to profit by them - they come to Bulgaria, buy an old apartment/house which is usually in bad condition and therefore at low price, repair and renovate it, keeping its spirit and boosting up its value. Usually the construction of the old buildings is solid and ma
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
sive, in this geographic areas there are no termites and fungus which ruin the trimmer joists, so if your old property is well preserved it lasts for centuries.
New properties for holiday-makers... One of the hits at the local market is the residential complexes. The reason is that foreign buyers are well a
New properties for holiday-makers... One of the hits at the local market is the residential complexes. The reason is that foreign buyers are well a
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
cquainted with Bulgarian resorts, because they have already visited them as tourists. Bulgaria has been a desired tourist destination attracting visitors from Europe and Russia for more than 50 years. So new developments have been built in most of the ski and sea resorts, combining beautiful nature with moder
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
amenities. And competing for buyers' interest developers offer more and more extras to the properties - limited access to the complexes, swimming pools, transportations, management, furnishing, leisure activities and so on.
One important feature of the new-built apartments is that the offered area of a new
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
apartment - it is a sum of the built area of the apartment plus the adjoining common parts of the apartment. And the price, which is usually offered as Euro per square meter is calculated on the total area (not the built one). So in order to get an idea of how their property would look like, buyers should ask
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
about the built area of the apartment.
Bulgarian houses... Bulgarian houses have two major advantages - the beautiful and still unspoiled Bulgarian nature and the low cost of living. These are the reasons which make many retired UK, Germany, Russia and Japan citizens buy a rural house here (you can still g
Bulgarian houses... Bulgarian houses have two major advantages - the beautiful and still unspoiled Bulgarian nature and the low cost of living. These are the reasons which make many retired UK, Germany, Russia and Japan citizens buy a rural house here (you can still g
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
t a countryside house in a village with private yard for 15 000 - 20 000 Euro) and enjoy living in Bulgaria with their foreign pensions, which are much more than sufficient for local economic conditions. Bulgarian people are hospitable and friendly and quickly make friends of their new coming foreign neighbor
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
s. The other interesting fact is that due to the demographic crises here many villages become abandoned and people who live there tend to sell their houses at extremely low prices - so it's not a problem to buy a couple of houses for a foreigner and his family and friends - establishing a community in a Bulg
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
rian village. Buyers should take in mind that most of the houses are for sale with the adjoining land - i.e. the lot is included in the price of the house.
Land and plots... Land and plots attract the attention of foreign investors. Their price has been continuously increasing in the last years. The new com
Land and plots... Land and plots attract the attention of foreign investors. Their price has been continuously increasing in the last years. The new com
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
ing obstacle for those investors is the project "Natura 2000" declaring a number of plots in different parts of Bulgaria as preserved nature areas. This is a new project for Bulgaria, triggering a number of debates and discussions and if somebody is about to buy a plot or agricultural land he should be sure t
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
at it's not a part of "Natura 2000".
What does a foreigner need to buy a property in Bulgaria... First of all - the money. And even if he doesn't the local mortgage market is fast developing offering more and more services to foreign customers. The second typical feature of real estate sales is that accor
What does a foreigner need to buy a property in Bulgaria... First of all - the money. And even if he doesn't the local mortgage market is fast developing offering more and more services to foreign customers. The second typical feature of real estate sales is that accor
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
ding to Bulgarian legislation, foreign citizens are not allowed to acquire land in Bulgaria. In order to do so they have to establish a local company and buy the land on company's behalf. This is a legal and routine procedure. And no matter whether you are about to buy a house with yard, or a piece of land, o
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
an apartment with adjoining land you will have to go through this procedure.
As a whole at present moment Bulgarian market offers attractive possibilities to both business and residential buyers. And here, as everywhere else in the real estate market world accurate information is the key to successful deals
As a whole at present moment Bulgarian market offers attractive possibilities to both business and residential buyers. And here, as everywhere else in the real estate market world accurate information is the key to successful deals
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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