UK ranks as the best for investment returns with Bulgaria property second according to new research. According to the latest property tracker index released by investment firm Assetz, Bulgaria property ranks as the second best place in the world to make money from property investment, with the UK buy-to-let market the number one. Read more…
Bulgarian Property & Real Estate News
Bulgarian property a favourite for British retirees
Traditional holiday hotspots such as France and Spain remain popular with British retirees buying overseas property, although the popularity of emerging markets like Bulgarian property is quickly gaining pace, BuyAssociation has revealed. Britons tend to retire to countries which already have a strong market for tourism and holiday homes, while sunny spots across the channel are favoured due to their warm weather, the Bulgarian property advice provider explained. Read more…
Bulgarian properties – Europe’s third biggest property hot spot
A new research has ranked Bulgarian properties as the third most attractive residential investment destination in Europe. The study carried out by Global Property Guide (GPG) compared several factors, which were judged to contribute to the attractiveness of buying residential property. Bulgarian properties came in third with 10.6% gross rental yields, reform on track, low prices, but very high transaction costs on purchase. Read more…
Sofia property market among world’s pace-setters
The Bulgarian capital Sofia ranks 49th in the global index of office rental markets released by international real estate property consultancy CB Richard Ellis. The annual rental cost for prime office property in Sofia is $517/sq m. Athens is the only city in the region ahead of Sofia property in the rankings. It placed 36th with annual rental cost of $567/sq m. Read more…
Over EUR 310 M of Bulgarian Real Estate sold in Q1
Foreign individuals and companies bought Bulgarian real estate worth EUR 310 M in the first three months of 2007, the latest Bulgarian National Bank (BNB) data shows. The figure is a 63% increase over the same period of last year, when foreign buyers paid EUR 190 M for real estate in the country. Bulgaria real estate buys accounted for nearly 40% of all foreign direct investment in January-March, helping offset flagging inflows, according to the BNB figures. Read more…
Israeli second home buyers interested in Bulgaria property
Israelis will show interest in the purchase of second home and in smaller Bulgarian property projects. After its EU accession, Bulgaria attracts increasing number of Israeli investors looking for Bulgaria property. Initially pensioners will buy houses in Bulgaria. Younger investors would look for Bulgaria property in seaside and ski resorts, Monitor daily reported. Companies investing in Bulgaria property will turn to tourism developments, mainly in areas having mineral springs and the potential to develop spa tourism. Read more…