Foreign property investor interest in Bulgaria property will rise by 40 per cent for 2008, according to the forecasts of Bulgarian real estate consultants.An increased level of proficiency and boosted quality of customer service will guarantee Bulgaria property its ranking among the top three preferred destinations for real estate investment throughout Europe, officials from the Moscow subsidiary of international real estate consultants BG Estates Worldwide declared following the 17th international property exhibition, DomExpo, held in the Russian capital. Read more…
Bulgarian Property & Real Estate News
Go Ahead for 3-Tier Super Borovets Project
The mega-project, called Super Borovets, in the Rila mountain, was given the final go-ahead with a ground-breaking ceremony on Monday after years of controversies. The enormous complex will encompass the towns of Samokov and Beli Iskar and will expand one of Bulgaria’s most popular skiing resorts. The ground-breaking ceremony was attended by Prime Minister Sergey Stanishev, former king and former Prime Minister Simeon Saxe-Coburg, as well as Oman’s Sultan and Prime Minister Qaboos bin Said al-Said, who is one of the main investors in the ski property project. Read more…
New highway will allow Sofia Citizens to Reach Rila Mountain in 30 Minutes
The Super Borovets project starts with the construction of a new gondola lift to the region of Markudjik at a cost of fifteen million euros. In three years’ time Sofia citizens will need only 35 minutes to reach the ski runs in the winter resort of Borovets, because this is the deadline for the construction of the Rila Highway, which will connect Sofia with the town of Samokov. “The Ministry of Regional Development and Public Works has already commissioned experts to work out the project for the highway,” said Glavbolgarstroy CEO Simeon Peshov. Read more…
Start made on expansion of Borovets ski resort
The much-anticipated expansion of Bulgarian ski resort Borovets, dubbed the Super Borovets project, is set to finally get underway on Monday with the ground-breaking ceremony for a lift connecting the town of Samokov with the Markudjik ski runs.The Super Borovets concept has been tweaked to avoid the mass-marketing of the resort as a destination of second homes and ski runs, said Georgi Krumov, managing partner at key investor Equest and executive director of Rila-Samokov 2004 AD, the project company that owns 2 mln sq m of land in the Borovets mountain area. Read more…
Property Fund buys more Super Borovets property
Local real estate investment trust Super Borovets Property Fund said it has added three plots with a combined area of 20,284 sq m to the land its owns in ski resort Borovets. The deal price is 1.22 mln levs. The property investor now owns a total of 5 ha of land in Borovets. The company said it has no definite plans for the development of the land and said it will wait and see how the expansion of the resort pans out. Read more…
EU membership helps Bulgarian Property market
Bulgaria’s accession to the EU has given Bulgarian property investors increased confidence in the market. According to BuyAssociation, the property advice website, while the eastern European country was already popular with investors the fact that it is now a member of the EU – having joined in January this year – means buying Bulgarian property and apartments is now a lot easier. Read more…