With the UK property market cooling off and rate hikes looking certain, property investors are now looking outside the UK for their investments.
Bulgaria is set to join the EU next year, this combined with cheap resources have turned it into an attractive proposition for International property investors. Bansko is one of the favourite locations, once a small rural community it now resembles a large building site; it has even been given the nickname ?Little England?. It all started in Bansko with the introduction of the ski gondola in 2002, from then it has not looked back. With Bulgaria?s fortunes set to change and property value 5 times cheaper than France, there is little wonder that property investors worldwide are now taking an interest.
The amount of developments planned at Bansko is now viewed as excessive, this has led to a suspension of planning permission for any future developments in the area. This and the sheer demand have over inflated the property prices in the area, currently a 1 bedroom apartment is selling for approx ?50,000. Still this is viewed as cheap compared to property at other European ski resorts.
A good rental income from these properties is possible due to the cheap cost of living in Bulgaria, an example is, a pint of beer currently costs in the region of 40p. The only downside to renting an apartment would be the competition form the other 1000?s of apartments. The amount of apartments could also prove problematic for Read more…
When starting a home-based business there will be many things to consider, one of these considerations is making sure you have adequate insurance. This may not be the highest on your list of priorities; however it is something that cannot be ignored. If anything unexpected happened having suitable and sufficient insurance cover could be the difference between your business succeeding or failing. You may not require all types of insurance listed below; however they are something that should be considered.
Health insurance ? This should be your first consideration, health insurance is something we all need, especially if you are running a business from home. If you are too ill to work, you cannot earn.
Disability insurance ? If you become ill and are unable to continue working disability insurance will provide you with a small income until you have made a full recovery
Life insurance ? This speaks for itself, if you die unexpectantly your family will require financial support. Life insurance is also a requirement for some types of business loans.
Business property insurance ? This will protect you against loss of supplies or equipment, if your business suffers a loss due to a flood, fire or other disaster, this type of insurance will allow you to recoup any loss suffered.
Comprehensive general liability insurance ? This type of insurance is necessary if your home-based business plans to host clients or customers within the confines of your home. This could be in the form of a meeting or someone simply collecting or dropping off supplies. Having liability insurance will protect you if one of these visitors meets with an Read more…
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