Thursday, July 13, 2006

Barrasford and Bird

Barrasford and Bird are a UK based agent, who have the exclusive rights to sell the Dinevi & Co properties in the UK. I talked with the sales team, Helen in particular, who offered their own advice in which apartments, which complex, which area to invest in. Some comfort was had by their putting their money where their mouths were - Helen herself had bought in the Bells 2 complex. I was looking to spread the risk by buying two apartments in differing areas, which Helen suggested would be appropriate for increasing rental yields as well. I'd actually decided on an apartment on the Friday, but hadn't actually reserved it. On the Monday, it was gone and I settled for another one (Directly below the one I'd initially chosen, if I remember correctly). So, I'd bought my first foreign property then, apartment 6 on the right. Not much to look at right now, but I used my imagination.

I sent off the £500 deposit, and started making arrangements to go over and see the site for myself before commiting to the purchase fully, with the knowledge that I could switch to a different apartment, even in a different complex once I'd seen them in person.

I flew over in January, to an airport called Varna, which is a couple of hours north of Sveti Vlas. A couple of the agents representatives from the agent met me at the airport and drove down to the hotel in Bourgas where I was to stay for a couple of nights. The weather was pretty cold, and there was a lot of snow around. We traversed the mountain passes at pretty high speed and made good time to the hotel. I, of course, was a little nervous, but it was dark, so I couldn't see just how far we would have fallen if we'd went over the edge.
In the morning, I was taken to the site of Bells 2, with a tour around the area and into the office to look at more plans. I'd pretty much decided by that point to go ahead with the purchase, the area seemed nice, the apartment seemed to have a good location and aspect, and I imagined if I was enjoying being there when it was -5 and a building site, people would enjoy it when it was 30 and landscaped.