September 4, 2007
BULGARIAN PRICES UP ACROSS THE BOARD
In the picturesque small country of Bulgaria, real estate prices are continuing to rise across the board, according to the latest report from the country’s National Statistical Institute. The average price of a residential property in the Republic of Bulgaria is around £286 per square metre at the end of the first quarter of this year. This figure is up £10 per square metre in just three months.
The capital, Sofia, also the the heart of the Sephardic Jewish culture in the country, continues to offer the highest average prices. Property there now is reported to be worth a record £467 per square metre. It is a rise of over two per cent over the first quarter of 2006.
Posted on: Bulgaria
January 10, 2007
Arabian Nights in Bulgaria
Bulgarian Dreams recently launched a new €100 million development. The luxury real estate developer with offices in London and Bulgaria is focusing on investors from the Middle East. They have their eyes on a prime location on a cliff that overlooks the Black Sea. The site is set to be one of the most luxurious coastal resorts in Europe.
Posted on: Bulgaria
December 31, 2006
Romania and Bulgaria join the European Union
Blue-and-gold EU flags fluttered and fireworks went off through the dark Romanian and Bulgarian skies as the two Balkan nations became the latest countries to join the European Union. Both Balkan countries bring 30 million new members to the union and also expands the number of member nations in the bloc to 27.
Romanian President Traian Basescu feels joyful about this historical moment. “It was hard, but we arrived at the end of the road. It is the road of our future. It is the road of our joy,” he says as he is cheered on by crowd of revelers packed into the University Square.
According to Basecu, the membership into the EU will assure peace and prosperity. “This is an enormous chance for new generations,” Basescu adds. He also hopes Romanians would retain their national identity.
Posted on: Bulgaria
November 29, 2006
A guide to buying property in Bulgaria
Bulgaria’s property prices have risen significantly due to its more desirable and established tourist hotspots along its sea borders, coastlines and ski resorts. Cheap properties are still available in the market but it is strongly advised that investors should not be in a rush buying properties because there are no guarantees in price increases. According to real estate analysts, cheap properties are found to be cheap for a reason: the infrastructure and services might not be very good and there is not guarantee for future improvement.
Posted on: Bulgaria
Streetsmart purchases in securing Bulgarian property
East European countries, such as Bulgaria in this case, are enjoying how their properties are progressing. Tourism is key to it all. Developing spots on the coastlines and snow-capped hills or mountains is a factor in drawing local and international crowds. However, it does not necessarily translate that because people in great numbers flock to tourist hotspots, real estate can be cheaply purchased. Property and real estate have a great tendency to fluctuate; therefore what may be cheap then might be expensive and vice-versa.
Real estate analysts and experts caution buying parties in purchasing cheap properties. Factors surrounding the sale of not expensive properties may be attributed to poor infrastructure and no potential for future development. This might not rake in the returns on investment potential buyers foresee.
Posted on: Bulgaria
September 27, 2006
Properties by the piste
There was a time when only the rich and famous could afford to own a property in a ski resort. However, these days you need to look a little further in the field than the traditional ski spots in France and Italy for a bargain.
Located in the Pirin mountains about 160 kilometres from Sofia is Bansko. With more than 900 metres above sea-level, Bansko is the most modern ski centre with 64 kilometres of runs in Bulgaria. Among all the Bulgarian ski resorts, it has the best snow record and the longest ski season from the months of December to April and has earned a huge amount of investment over the past few years.
Posted on: Bulgaria
September 18, 2006
Overseas property in winter resorts: Bulgaria
It seems that ski investment properties in Bulgaria are to be the investment choice de jour due mostly to mass media marketing of the country. Bulgaria has been promoting itself as an emerging market. It also boasts of its winter sports tourism.
Property prices on the slopes of Bulgaria are relatively lower than in other European countries like France or Switzerland in spite of the fact that they have increased considerably in the past few months. “As Bulgaria is still an emerging market, entry prices are still very low,” claims Mark Collard from Jigsaw Properties. “As Bulgaria will soon be a full member of the EU, this will ensure that money continues to be invested in infrastructure and provides more stability and security for the investor.”
Posted on: Bulgaria
September 11, 2006
Property demand crisis hits Bulgaria
For the country of Bulgaria, which is trying to steal investors and property developers away from Spain, there is a sort of problem and struggle brewing in that part of the world. In fairness, the country of Bulgaria has been attracting investors and developers for two years with its promise of low prices, good returns and a growing holiday rental market.
The country’s Real Estate and Investment Forum (RINFOR) found out that by the end of 2005, the country would have reached one billion in real estate transactions and property development in Bulgaria. Apart from this, speakers who participated in the forum said that foreign direct investment (FDI) would have a percentage of about 25 percent in the real estate sector if all the property flows to the FDI by the year 2005.
Posted on: Bulgaria
September 7, 2006
Bulgarian property withers as France holds strong
Bulgaria’s property market is suffering a stark reversal of fortunes as its growth for the third quarter tumbles while old investment favourite France provides a strong and stable housing market.
New research from Assetz shows that the eastern European country’s market has not fulfilled its early promise as total returns have plummeted from 104 per cent to 44 per cent due to increased rental competition.
Annual house price growth has slowed considerably in the former communist country from 36 per cent to 17.8 per cent while the popular Bansko ski region reporting price falls of 2.1 per cent. Bulgaria as a whole only grew by 1.6 per cent in the second quarter.
Posted on: Bulgaria
July 5, 2006
Further progress for blossoming Bulgaria
There is new evidence today of Bulgaria’s continued progress as it cements its reputation as a European property hotspot.
Bulgaria is set to join the EU and it is a prospect that has hugely enhanced the country’s status as a strong option for property investment. Bansko, Borovets and Pamporovo have proved particularly popular with investors, largely as the ski properties are still exceptionally cheap despite huge levels of investment in recent years.
There is also a chance that Bulgaria will host the 2014 Winter Olympics, which has again stirred interest from investors across the world.
But EU accession is of course the real attraction for many, with experts suggesting that it will bring about huge house price growth as links with Europe are notably enhanced.
Posted on: Bulgaria
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