Greece’s Gek Group, active in construction, Bulgaria real estate and energy, will invest 72 mln euro in a multi-venue sports and amusement complex in the town of Samokov, located 50 km from Sofia and 10 km from Borovets ski resort at an altitude of 950 m. InvestBulgaria Agency, the local investment promotion authority, has granted a First Class Investor certificate to the Greek company. Read more…
Bulgarian Property & Real Estate News
Bulgaria property sales to expats up 10%
So far this year Bulgaria property sales to Bulgarians working abroad have increased 10% , said local Bulgaria property agency Address. The number of transactions spikes during the summer period when they arrive here for their mid-year holidays. Address distinguishes between several types of expat customers, depending on their career status abroad. Read more…
Interest Only Mortgages For Bulgarian Property Market
Pireaus Bank is now offering interest only mortgages for people buying Bulgarian properties. Many foreign investors are buying Bulgarian properties off-plan with a view to obtaining capital gain and rental income from tourist rentals once completed. Piraeus Bank London, the UK branch of Greece’s Piraeus Bank, has launched an interest-only euro mortgage product on Bulgarian property exclusive to the UK and Bulgaria. Read more…