Dubai’s Ultra-Luxury Property Market Continues to Set New Records

Many of you probably ask this question when it comes time to change homes or purchase a new property. Why do I need an agency when there are websites show direct information from an owner?

Generally speaking, a real estate agent will save you time and effort, protect you from incorrect owners, and guide you seamlessly through the process.

The market price is determined by real estate professionals using the comparative market analysis method. The purpose of the analysis is to determine the correct price range in which to position a property when it is advertised for sale. 

For each independent property, the undivided shares are calculated using the following formula:

Undivided Shares (%) = (Built-Up Area/Gross Floor Area) *100

Where:

Undivided Shares (%) is the size of the common areas adjacent to the property.

Built-Up Area (BA) is the built-up area of a property.

Gross Floor Area (GFA) is the total floor area contained within the entire building.

A property boundary is determined by filing a petition to fix the boundary between properties. In order to determine the exact boundaries of a landed property, it is necessary to carry out the so-called tracing. This means to mark various points, lines, planes or surfaces on the terrain.

According to the Bulgarian legislation, a rental agreement can be concluded both in written and oral form. In both cases, the agreement is considered valid and has legal force. However, the choice of an oral agreement hides significant risks, mainly due to the difficulties in proving the agreed terms and conditions.

When you wish to terminate your tenancy agreement, you must comply with the period specified in the agreement and give prior written notice. If you wish to leave earlier than this period, you must pay a penalty to the landlord.

Unique Estates offers spacious and cozy four-room apartments for rent in Sofia city in the following neighborhoods: “Lozenets“, “Ivan Vazov“, “Iztok“, “Boyana“, “Simeonovo“, as well as in the center of the capital.

With 17 years of experience in the luxury properties market in Bulgaria, we serve corporate and wealthy customers, offering an extensive database of 70 000 potential buyers. Our partnerships guarantee us services at international level, personal attention and fairness, which turns your dream property into reality.

The first step in making an expert appraisal of a property is to contact a certified appraiser registered in the Chamber of Independent Appraisers in Bulgaria. For the process, you will need an ownership document, an up-to-date sketch or cadastral map of the property and other documents depending on the type of the property.

Market analyses and research are conducted before making important business decisions, launching new products on the market, making investments, or expanding the business into new markets.

The market analysis includes a complex analysis at several levels: general market analysis, industry market analysis, market analysis of an individual product. These assessments provide valuable data for informed decision making and strategic planning.

The real estate market analysis can be useful for investors, home buyers, agents, financial institutions, property managers, end users, etc. It helps in making informed decisions and understanding market trends and property prices.

The service offers personalized assistance for granting a loan, which starts with an individual consultation to determine the parameters of the loan, such as purpose, collateral, repayment period and required documents. After that the intermediary submits suitable bank offers to the client and, upon selection, assists in the preparation of the documents.

You can find a gated community at the seaside on the websites of real estate agencies. Unique Estates offers luxury gated communities at the seaside. Explore our collection of gated communities and find the perfect one that suits your preferences.