Be careful with Bulgaria.... - Page 2

rossmark68 · #11 10-07-2007, 07:07 PM

Hi Annabel
I have sent you a PM that may help
Cheers

Annabel · #12 11-07-2007, 09:36 AM

Thanks for replies, I've contacted solicitor who helped with the preliminary contract , but havent got answers yet, hopefully soon.
Annabel

Quote:

Originally Posted by Platinum

Hi

You should only sign the deeds if you are hundred percent happy, as once these are signed you take legal ownership of the apartment - get you lawyer to write to them and confirm what the problems are and what needs sovling any good developer will deal with these. If it is write down by the lawyer the develper can not sell the apartment as it is yours - if the developer puts you under pressure, that him to give you your money back and then he can resell it if it made that much money. If you are having problems in your apartment i quess other people are so the build quality must be poor

If you would like to dicuss this futher

Call Me

Richard

najnaj · #13 19-07-2007, 08:11 AM

Hi, Daniela and all the participants,
as I told you in the other sections of the forum, big resorts and uncomplished buildings may be a problem, as well as incorrect agents...
it is better to find some real estate company- member of National real property association or to ask for some references for example

prigipeska · #14 19-07-2007, 05:10 PM

Hi

Sorry to hear about your problems.
Being an independent lawyer myself, i can only stress how important it is not to accept the lawyer that you get thrown at you as the "best lawyer in the business" by your real estate agent, usually they work for the developer/agent and not you. I have many similar cases against small, and even the biggest players in the bulgarian property market, all who decide they can do what they want when they want.
It is always important to have the contracts independently checked, and altered if there are discrepancies, as well as all other contracts, i.e. maintainence and rental.
I hope you get everything resolved.

Galina

e.motion · #15 26-07-2007, 12:45 PM

SO you guyz are agent as well and all you do all day is redirecting traffic. By saying "I'm buing in Alpen lodge" or something like that. You now that this is LOW.

florab40 · #16 30-07-2007, 03:25 PM

Hi Daniella,
I bought in Bulgaria in 2003. I thought it was a good deal 1200sqm, an unfinished house , 6km from Sunny beach.
4years down the line, it's still unfinished, as the builder did a runner. Furthermore, the solicitor messed up my notarial deed and I have just managed to rectify that.

The land issue, the land can never belong to one as it is a lease hold from the council. But one has the option to buy it out.
But I am much the wiser for it and I will re-invest again in Bulgaria as I have learnt so much from the first experience.

Excellent for Yoga retreats or nature trips.

Ciao
Flora

Ekko · #17 06-10-2007, 06:18 PM

Quote:

Originally Posted by Platinum

Hi Guys

Sorry to hear about your problems, but this happens with smaller companies. I work for Europe's leading developer in Bulgaria and we are not having these problems - we have finished projects and off plan projects which are making our clients very good money. If you need any help please email me at richard@pdi.ie and i will try and help you

No, your projects are losing people money. I, along with about 20 other investors, are still waiting for a total of about £250,000 we are owed by platinum in returned deposits which was promised by platinum when you took over finishing pomorie golf and beach resort, now sunset resort.

Ekko · #18 06-10-2007, 06:26 PM

Quote:

Originally Posted by Platinum

Hi

Did you not sign an prem agreement on the apartment stating that you were buy apartment number at x sqm for x price signed by you and then the developer. If you have this then the developer can not changed the price and the size not unless it works in better for you - you should challege then and ask for your money back - i bet that you don't have 100% on title deeds and that they haven't paid the vat - this really upsets me as it gives Bulgaria a bad name - all i can say is cowboys - next time give us a shout and i will show you what we do and you will then see a difference.

Not as upset as I and the other people are that you have now reneged on your agreement to return our money.

You simply cannot come on here and advise people on contracts when you do not honour your own.

I signed a 3 way agreement with platinum and the original developer in which you contractually agreed to take responsibilty for returning our money, but now say you will not do. Your company now refuses to get involved with us and we are fobbed off onto a bulgarian solicitor who we cannot contact.

It can be seen very clearly "what you do".

Anyone can do a general search on this forum or others to see the problems.

alexander ivon · #19 07-10-2007, 08:58 AM

All ,so called "English estate agents " are the same people - "investors' , been "burned " time ago from another "Estate bla . bla . bla" now getting smart and set up agency.How can people , who have just come to Bulgaria from another part of the world to become such "established in 15 years experts " , i am a bulgarian , who lived 12 years in Europe and i know how to see thinks from "in & out .Thank You for the time.

rabarbaro · #20 07-10-2007, 09:22 AM

You are probably right, where there is an opportunity a lot of strange people arrive...
Thank you
Daniela