Hello & Welcome! In this blog can be found anything from comments on WW3 to solar power use. Sorry about that but that's how my mind works! Just depends in what mood I get up in a morning. Read on, McDuff!
Sunday, January 30, 2011
Panic over chaps! sorted the link out! A continual struggle between myself & my computer. But Ubuntu reigns! Yippee!
(Sorry about this but I'm having trouble with this blogging software from Ubuntu, so hence the format & possible duplication; but do read on!)
A Cautionary Tale
This little story is aimed at all UK & Irish would-be investors in the Bulgarian property market.
When you buy property in either the UK or Ireland as an investment the main considerations are price, value -present & future, future saleability, & possibly present let-ability. To some extent as well, the possibility of vandalism may be in your mind.
With these considerations in mind, please read on:-
Some 3/4 years ago, A person I know very well bought a property in Bulgaria, near to Belogradchik, in a village called Cerno Pole. In the course of my visits to that part of the world I visited the property regularly, in order to keep an eye on things. All was well until my last visit in Nov. 2010.
The property consisted of a substantial 2 storey house with a good piece of land, on which were built strongly constructed barns & outbuildings, including a summerhouse attached to the end of the house itself.
As I walked down the path to the property I couldn't believe my eyes! The barns, the outbuildings, & the summerhouse had disappeared! All that was left was the foundations where they had been & a neat pile of stones that represented a small fraction of the original; & which for all the world looked as if they had been stacked ready for later movement.
Yes folks, the buildings had been STOLEN!
I reported this to the lawyer involved in the original purchase &, of course, the present owner.
The said owner made hasty representations to the said lawyer who said that the matter would be looked into & reported to the authorities.
This was before christmas 2010, & to this date nothing has been done about the matter.
The name of the person who committed this act of theft, on such a large scale, I may add, is known to the authorities, including the lawyer aforementioned, & the mayor of the village, & yet nothing has been done about it. &, to my knowledge, no arrests have been made, or prosecutions pending!
So, beware! The owner contacted the Bulgarian Embassy in London, who replied that this happens quite often, & in other countries also??? I am 68 & have been involved in property in a small way for years. I have heard of goods being stolen from houses; & goods being stolen from off houses; but never a house, or even a substantial part of ot being stolen!
Now I don't want to put anyone off investing in Bulgaria; there are plenty of good investment opportunities in that beautiful country. But if you do, make sure your place is well overseen, by a trustworthy native of the area.
I will keep this story updated as & when further developements take place. & I hope that eventually I can report a happy outcome.
& I must say, to the perpetrators of the dastardly deed: You do neither yourselves nor your country any good by this sad action; which brings a good people into disrepute. Let us hope the authorities & others involved in this, or who have knowledge of this whilst standing by & doing nothing, bring this sorry tale to a sensible conclusion, speedily.
It is with deep joy that I announce that, despite the winter conditions in Bg, the economic conditions in Europe, & the stupidity of a few Bulgarians who live in the Vidin/Belogradchik area, (more of that next week!), property is being inspected, interest is being shown, & buyers in general are around!!!
More next week; both about the good news, & unfortunately, the bad as well.