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 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 one of Greece’s Piraeus Bank, has launched an interest-only euro mortgage product on Bulgarian property exclusive to the UK and Bulgaria. Read more…
Borovets resort expansion kicks off with construction of new gondola
The much awaited expansion of the Bulgarian ski resort of Borovets, named the Super Borovets project, is set to finally get underway in early October this year with the construction of a lift connecting the city of Samokov with the Markudjik ski runs.The news was produced by Tuesday’s meeting of the board of Rila-Samokov 2004 AD, the project company that owns 2 mln sq m of land in Bulgaria’s Borovets mountain area for further development into residential second homes and associated infrastructure. Read more…