Property investment group Assetz reported Bulgaria property confirms its standing as leading property investment hotspot. For the second quarter of 2006 the return rate of Bulgaria property was 137 per cent, Assetz reported. In March the figure reached 116 per cent. Decreasing mortgage rates in the country make borrowing cheaper. Deposits decreased as well, guaranteeing investors bigger returns. All these developments confirmed Bulgaria property remains an attractive option for property seekers. Read more…
Bulgarian Property & Real Estate News
Why Buy Property In Bulgaria?
Many people will be spending their holidays in Bulgaria this summer and no doubt a large proportion of them will be considering buying a holiday home or bulgarian apartment in and around the Black Sea. Decisions have to be made regarding how much to spend and also the cost of mortgages for those willing to take a bigger risk on the more luxurious properties. Added to this is the competition from other countries like Spain, Germany, Morocco and most recently Russia. However property in Bulgaria has many advantages over its rivals; a faster growing tourist market, stronger economic growth and a realistic chance of stageing the winter Olympics some time in the not too distant future. These factors combined together will probably generate investment for many, many years to come, putting property in Bulgaria firmly on the map. Read more…
Europe Discovers Attractive Properties in Bulgaria
Bulgaria and Romania that are about to join the European Union (EU) over the next year are promising real estates hotspots, an international report claims. The report of the international consultancy company for real estates DTZ, as cited by the German Die Welt newspaper claims that properties in Bulgaria and Romania are emerging as attractive real estate hotspots following in Poland, the Czech Republic and Hungary.
The new East European property markets have already attracted the attention of the international investors. “Investors who are risktakers and have a spirit of discoverers are already working in Poland, the Czech Republic and Hungary”, the DTZ report reads. Read more…
Super Borovets is now Mega Borovets
There are almost 140 km of ski runs, 25 000 beds and 1 billion leva of investment. This is how sound the plans of the Samokov mayor Angel Nikolov for the years to come.The plans include the project for Borovets expansion, but also building a new resort and connecting them both with lifts and roads. In a few years Samokov will have a Business Park on 600 000 m2 in the northern part of the city and also a modern residential complex on 240 000 m2 in the southern part. Travel time from the capital will obstacles. The initiators don’t lack optimism and the foreign investors’ interest in winter properties is the main reason. Super Borovets will have… Read more…
Bulgaria property still tops investment hotspots
Bulgaria property has managed to further improve its reputation as a property investment hotspot in the last three months, according to property investment group Assetz. The Assetz Property Tracker reveals that in the second quarter of 2006, Bulgaria property offered investors a 137 per cent annual return on cash invested, up from 116 per cent in March.
The property firm said that borrowing is now also cheaper than it was in the spring, with mortgage rates having fallen from 7 per cent to 5.95 per cent. Deposits required have also dropped from 30 per cent to 25 per cent, meaning greater gearing and bigger returns for bulgaria property investors. Read more…
Bulgaria enjoys strong economic growth
The property investment industry in Bulgaria has received something of a helping hand with news of significant economic development in the first quarter of 2006. The Nation Statistics Institute has reported today that gross domestic product (GDP) in the first quarter grew by 5.6 per cent when compared to the same period last year. As reported by the Associated Press, Bulgaria’s GDP reached 9.815 billion leva (£3.4 billion) in the period, with several sectors contributing. Growth of 5.6 per cent was reportedly assisted by an increase of six per cent in the services sector and 8.8 per cent in industry, although the agriculture sector struggled with a slump of 2.7 per cent. Economic growth in last year as a whole was 5.5 per cent and economic forecasts suggest this will be repeated again this year as Bulgaria continues to boost its standing in preparation for EU accession. Read more…
Discovering property in Bulgaria
The rise of investments in property in Bulgaria, especially in the ski and beach resorts has had the effect of encouraging investment in other parts of the country which is very much largely undiscovered. There are still the mountain regions, rural villages, spa resorts and the lesser known major towns and cities. Many of these places have Bulgarian property and land that is still greatly undervalued. Many potential investors are often put off by having to set up a company to purchase a bulgaria property or a piece of land. However it is a straight forward process and is getting easier, especially as Bulgaria is moving closer to being a fully fledged member of the European Union which should happen in 2007 at the earliest. Read more…
Super Borovets – latest update from Samokov municipality
BulgariaSki.com team visited Samokov municipal, to check the development of the Super Borovets project. Two important meetings marked the development of Super Borovets project on 12.06.2006. A general shareholder meeting, followed by a meeting of the board of directors of Rila- Samokov Joint Stock Company has resulted in the actual start of the development of Northern Rila region. Read more…
Bulgaria’s Telco Improves Winter Resorts Networks
The Bulgarian Telecommunications Company (BTC) will invest BGN 2 M in the modernization of the network in three of Bulgaria’s major winter resorts. BTC will renew the telecommunications network in the resorts of Bansko, Borovets and Pamporovo. The new improvements will provide the resorts with better telecommunication solutions. Read more…
Bulgaria’s ‘Westward Move’ attracts property seekers
An article named The Bulgarian Property Renaissance, published on 999 Today website presents Bulgaria as an increasingly appealing destination for Western European property seekers. Previously known as communist country, Bulgaria is now making moves westward with its NATO membership and expected EU entry in the beginning of 2007, 999 Today reported. This ‘opening’ to the Western world enabled bulgarian property investors to discover the potential of the country. 999 Today reported Bulgaria has rich cultural heritage, good climate and beautiful nature. The relatively low costs of living further the appeal of the country, the website said. These developments influence the decision of many Bulgarian property seekers. Read more…