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Bulgarian Property & Real Estate News

Bulgarian property prices still low, but rising fast

Bulgaria, the wannabe 2014 Winter Olympic host and wannabe EC member is continuing to see property prices soar from their low beginnings, although the price per square metre (currently 50 – 150 Euros) remains low compared to the Alps.

The Sofia News Agency, reports that offers are pouring in for a wide range of plots on sale in Bansko and Pamporovo as the 2006 building season begins to get underway. Bansko, where there are reported to be more than 400 plots currently for sale, is currently the most expensive, having come from fourth place behind the communist era Borovets and Pamporovo, both now undergoing radical face lifts under private ownership. Read more…

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Bulgaria Property Leads in Property Hotspots Ranking

Experts have long predicted Bulgaria property will maintain its position as attractive place for real estate seekers, Assetz Property News Service reported. According to an Assetz ranking, Bulgaria is on top of the property hotpots chart. Bulgarian property guarantees investment return of 116 per cent for property purchasers, Assetz reported. Because of this significant percentage Bulgaria property stays on top of other attractive property destinations like Cyprus. According to Assetz, the country now resembles Spain in the 1980s in terms of capital gains. Read more…

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Bulgaria property tops investment hotspots

The latest Property Investment Tracker from Assetz has found that Bulgarian property is leading the way as an overseas hotspot. While experts have been predicting for a number of years that property in Bulgaria will emerge as a leading choice for investors, Stuart Law, managing director of Assetz, has indicated that the new research firmly positions bulgaria real estate at the top of the chart. With yields rising to 12 per cent and capital gains remaining impressive at 36 per cent, it is thought the total return on cash invested in Bulgarian property was 116 per cent last year. Read more…

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What does the future hold for the Bulgarian real estate market?

The Bulgarian commercial property market has experienced dynamic development in all sectors, with trends varying greatly in terms of growth cycle, performance, investor interest, and geographic location. Modern quality supply has registered robust growth, with most of the activity concentrated in the office and retail sectors of the market. However, modern-standing investment stock is still limited in supply, with the retail and industrial sectors of the market offering the greatest investment potential.

The market for office property in Bulgaria is most likely going to reach its stage of maturity in 2006, as about 200 000 sq m of office space is in the pipeline, and another 100 000 sq m is at the project design phase. Yet, there are unexploited niches with enormous market potential, where demand for the right Bulgarian property in the right location is huge. Thus investment timing and location will continue to be of major importance. With Bulgaria’s ranking at 15th position among the top outsourcing destinations in A. T. Kearney’s index, the country is expected to attract substantial level of investments in the services sector, which will increase demand for quality office properties in Bulgaria. Read more…

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Number of Russian Tourists Up by 20%

The number of Russians coming to Bulgaria in January and February 2006 has increased by respectively 57 and 53%, according to information from the consular office with the Bulgarian Embassy in Moscow. Dimitar Tsonev, representing Solvex, one of the leading tourist companies at the Russian market, believes that this summer the number of the Russian tourists to Bulgaria may be expected to grow by about 20%. The booked charter flight places are by 30% more. This year, 62 Bulgarian companies will take part in the Tourism & Travel exhibition in Moscow. The Bulgarian companies will emphasize the opportunities for spa tourism in Bulgaria. The total number of participants in the exhibition will be 2700 companies from 110 countries.

Source: Standart News

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Bulgaria: a darling of the property market

Confidence in the Bulgarian property market appears to be on the rise, as growing numbers decide they are prepared to invest their money in properties throughout the country.

Few would disagree that the Bulgarian property market possesses phenomenal potential and it has been commonplace in recent years to compare Bulgaria to Spain in the 1980s. With EU accession to come and the country’s infrastructure undergoing a comprehensive overhaul, investors have been flocking to Bulgaria to suss out possibilities for capital growth, while many have been overwhelmed by the country’s natural beauty. Read more…

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Bulgarian Ski Resort Property Boom

Bulgaria has enjoyed a thriving ski tourist industry for over twenty years at the first class ski resorts of Bansko, Pamporovo and Borovets and the country is now ploughing considerable investment into further developing these already popular destinations.

The Bulgarian Government is aware that they can seriously boost their economy with the further development and establishment of first class ski resorts - and those interested in Bulgarian property investment know that a booming Bulgaria property market will go hand in hand with the increase in investment. Read more…

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Tourism Authority Lands Hand to Sofia 2014

Bulgaria’s Tourism Authority has declared its full support and cooperation to Sofia 2014 bid. The recently appointed tourism chief Mario Al-Jebouri and Sofia Mayor Boyko Borissov signed an agreement for strengthening the administrative and expert capacity of the two institutions to improve the bid’s chances to win.  As part of the accord, the municipality and the state agency will develop Sofia’s tourist infrastructure and plan joint events promoting the hosting of 2014 Winter Olympic Games. Read more…

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Ski home bargains in Bulgaria property

The Bulgarian property market has been receiving more good press this week, with Bulgarian properties around the popular ski resorts given particular praise.

Writing for the Telegraph, Nicola Venning also pointed out that property investors can find surprisingly good deals in Spain, where Europe’s most southerly ski resort can be found in the Sierra Nevada. The idea of buying a ski property in Spain may seem incongruous and many investors will understandably stick to more recognised property investment locations including the Costa del Sol and Murcia. Read more…

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