FAQs

Bulgaria

Q. What legal support is available in Bulgaria?

A. Buying a Parc property in Bulgaria is a simple and safe process. Contracts have been drawn up by a British Embassy recommended lawyer in Sofia and the signing of these can be completed in the UK. If required, buyers can also instruct their own lawyer and Parc will help with suitable recommendations.

Q. Bulgaria - What affect has EU accession had on the economy?

A. The Bulgarian economy has grown (and continues to grow) fast following it’s EU accession in January 2007. Encouragingly, this growth is being driven both by international (outside) investment as well as national (organic) activity.

Q. Bulgaria - Are there problems over title and ownership on Bulgarian property?

A. All Parc properties will come with a clear legal title.

Q. Bulgaria - Aren't Bulgarian properties a lower spec than comparable Western European properties?

A. As a rule, yes. However Parc is developing properties as close to UK specification as possible. All will come fully equipped with kitchens and bathrooms, unlike a lot of Bulgarian property. We will also be able to supply a full furniture pack.

Q. Bulgaria - Why buy in the ski regions in Bulgaria?

A. The ski regions in Bulgaria offer outstanding value when compared to many European alternatives. They also have excellent snow records and are often equipped with the latest ski lift equipment. As such, visitor numbers have increased dramatically recently both from foreign visitors and newly affluent locals. Bansko in particular also benefits from both a winter and a summer season and its status as the leading and cosmopolitan ski resort in Bulgaria.

Portugal

Q. Portugal - Isn't the Portuguese buying process long and complicated, with the need for a representative in Portugal?

A. While the Portuguese buying process may seem complicated, it is in fact very straightforward. Parc has assembled and retained reputable lawyers in Portugal to deal with the entire process from start to finish on a client's behalf, and negotiated preferable rates.

Q. Portugal - Can I get a mortgage on a property in Portugal?

A. Yes, Parc works with a number of experienced brokers who can (subject to status) arrange competitive mortgages for non-Portuguese nationals through a wealth of local and international banks.

Q. Portugal – Will Portugal enjoy substantial growth over the coming years?

A. Trying to predict the way an area will perform in the future is very difficult. Parc selects areas that show promise, and build developments that can take advantage of a rising market. Parc has been active in Portugal since 2000, identifying areas of expected future growth. These currently include: Western Algarve, parts of the Silver Coast, Lisbon region and Alentejo.

Q. Portugal – Can Parc help me with letting?

A. Parc offers a holiday rental service to Parc clients. This is designed to supplement owners own efforts and is proving extremely popular.

Q. Portugal - Can Parc help me sell a Portuguese property?

A. Parc is not an estate agent but will always assist Parc clients in selling a property.

UK

Q. UK - Why use Parc to buy in the UK?

A. Parc has extensive experience of buying and trading off-plan and investment properties in the UK. Through access to a network of developers and dealers, Parc is able to secure market-leading investment opportunities for its clients.

 Q. UK - What sort of discount can one expect to achieve in this market?

A. Every development is different but Parc aims to return significant discounts as well as specification enhancements and plots selection advice to its clients.