November 9, 2007
BULGARIAN PRICES SET FOR STEADIER INCREASE
It is predicted price of properties in Bulgaria will continue to soar. However, the rise will be at a slower rate compared to that in the years 2004 or 2005. According to the head of the Bulgarian National Real Property Association, Orin Vladikov, in an interview with the Bulgarian news agency BTA, the increase of prices will be greatly influenced by build-quality and infrastructure. He adds that only very top-end real estates in Bulgaria will reach property prices prevailing in more established European nations.
Bulgaria, a country in Southeastern Europe, is becoming a hotspot for property investors. The country borders Romania, Macedonia, Greece and Turkey. The country’s recent accession to the European Union opens many doors for Bulgaria. Its property market is currently changing for the better.
A picturesque small country, Bulgaria is known for its spectacular mountains and a beautiful coastline along the Black Sea. Bulgaria is emerging as a bargain ski destination. The country also attracts visitors with its sandy beaches and attractive resorts.
A new resort complex with a religious emphasis is going to be built on former church land near Varna on the country’s Black Sea coast. According to the daily Dnevnik, the land, granted by the bishops of Varna and Preslav, covers 13,000 square metres. The planned St Anna resort will have 52 apartments and nine villas. The resort will have a spa centre and chapel.
Posted on: Bulgaria
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