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The real estate market, although not plummeting, ground to a halt and growth was significantly lower in the short-to-medium run. During 2009, the grim forecasts for the effects of the Great Recession on the Bulgarian economy largely materialized.
Bulgarian Dreams was a UK-registered property sales agent, specialising in the sale of off plan properties in Bulgaria to buyers mainly from the UK and Ireland. The company announced in December 2008 that it had ceased trading. Bulgarian Dreams operated from several offices with headquarters at 120 Moorgate, London, UK, EC2M 6SS - now closed
Evelin Banev (Bulgarian: Евелин Банев; October 8, 1964), also known by his nickname Brendo (Bulgarian: Брендо) is a real estate developer, published writer, and former wrestler [1] who has been convicted of money laundering and drug trafficking.
Bulgaria has some of the lowest corporate income tax rates in the EU at a flat 10% rate. [213] The tax system is two-tier. Value added tax, excise duties, corporate and personal income tax are national, whereas real estate, inheritance, and vehicle taxes are levied by local authorities. [214]
Taxes in Bulgaria are collected on both state and local levels. The most important taxes are collected on state level, these taxes include income tax, social security, corporate taxes and value added tax. On the local level, property taxes as well as various fees are collected. All income earned in Bulgaria is taxed on a flat rate of 10%. [1]
Lyulin (Bulgarian: Люлин, pronounced ) is a municipality located in the western outskirts of Sofia and is divided into 11 microdistricts. The infrastructural work on the complex began in 1971 and the first condominium was constructed in 1973. The complex is named after the nearby Lyulin Mountain.
The Strawberry House or House with the Strawberries (Bulgarian: Къщата с ягодите, Kashtata s yagodite) is a historic house in Sofia, the capital of Bulgaria.. Built in 1927–30, the Strawberry House has been listed as a monument of culture of local importance, but is currently decrep
Also in June 2008 The Guardian published an article highly critical of planned real estate development in a pristine seacoast area under EU environmental protection. Sergey Stanishev's brother, Georgi Stanishev, is the Bulgarian partner of Foster and Partners, the developer behind the controversial project. [13]