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
Greek company to invest 72mln euro in Samokov
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 properties desirable to foreigner investors
A recent property investment report has listed Bulgarian properties as the number 3 most desirable residential property investment in Europe. The report published by the GPG guide checked several countries to assess the most attractive locations for overseas investment. Bulgarian properties came position 3 with gross rental yields of up to 11%, strong economic improvements and cheap prices. Slovakia was the country in the first position with very cheap house prices, a strong growing economy, and low taxes. In second position was Turkey.
This popularity has resulted in over 300million euros of Bulgarian property purchase in Q3 2007. Foreign investors and property companies have made significant investment in Bulgarian properties during the first quester. In the same period of 2006 just 200 million euros was invested in Bulgarian property. Bulgaria real estate buys accounted for almost 40% of all foreign direct investment during Q1. During 2006 foreign investors purchased some 1.2 billion euros of Bulgarian real estate. British buyers remain one of the largest investment groupings in te country and they are focusing mostly on coastal beach properties along the Black Sea coast.
After Britain other large investors come from Greece, Ireland and Spain. Since joining the EU in January of this year there has been increased interest in Bulgarian property
Bulgarian golf courses aiming for rapid growth
Bulgaria real estate developers have already realised the huge attraction of top quality golf courses. 5 signature golf courses – being designed by golf stars like Ian Woosnam, Gary Player and Jack Nicklaus – are planned in various parts of the country.
Bulgarian real estate investors have realized that by building a golf course in an excellent location and combining it with quality facilities such as spa and wellness centers, horse riding, tennis, skiing and so on, gives you an excellent all season product. Golf brings to Bulgaria property investors something more up market and not associated with the more broad market budget type locations such as the Black Sea coastal resorts. Read more…
Bulgarian real estate still popular with UK and Irish investors
Bulgaria continues to be one of the favourite countries for UK real estate and property investors. Altough there has been some recent negative comments regarding corruption in Bulgaria, British real estate buyers are continuing to invest in Bulgaria. Last year almost 30% of Bulgarian real estate deals have been concluded by foreigners, with UK buyer reaching 30% of the total. American buyers are involved in just over 5% of the Bulgaria real estate deals with the Germans and Italians next in line. Read more…
Bulgarian properties – prices rise again
Prices for Bulgarian properties rose by almost 10% in January and February of this year. Joining the EU has been the main reason for the increases. The demand for bulgarian properties continues to grow, driven by the increasing number of young people looking to buy housing, while supply is limited. The trend surprised Bulgaria real estate insiders, who expected prices to remain flat this year especially as they have risen so much in the run up to accession. Read more…
Bulgarian Real Estate Investment fund Equest considering majority stake in Borovets project
Bulgarian real estate investment fund Equest Balkan is in talks with construction company Glavbolgarstroi to take a take in the company setup to expand and develop Borovets ski resort. Equest is currently debating at board level how to proceed and it is expect to sign a contract with Glavbolgarstroi which will confirm Equest as the majority shareholder in the Super Borovets project Georgi Krumov the director of Equest stated that they required a majority shareholding in order to be able raise the necessary financing for the Bulgarian real estate project. The result depends on a decision from Samokov municipality to confirm the transfer of Emil Kulevs land into the Rila-Samokov 2004 holding company. Read more…
Bulgarian Property still popular with investors
Bulgarian property along with Cyprus and Portugal, have been named three of the top property locations for UK investors looking to buy abroad in 2007. Spain unusually has not been so popular and experts recommend avoiding Spanish property just now. The continuing low prices of Bulgarian properties make them very attractive with overseas investors.
Investing in Bulgarian property offers many opportunities due to its improving infrastructure and booming economy and tourism sectors. The Bulgarian economy is unrecognizable from the 1990’s when it was slowly emerging from communism and just beginning to adopt a market economy. Read more…
Bulgarian properties still attracting foreign investors
Bulgaria will become a member of the EU in January 2007 and is fast becoming the main tourist center on the Balkans. Helped by European funds the government has focused on improving the infrastructure and boosting economic activity in the country. This has resulting in a boom for Bulgarian properties investment. The market is boosting by the major tourism potential in the country. The country is now the number 3 holiday destination for UK tourists with only France and Spain being more popular. As a result of the strongly increasing prices, buying Bulgarian properties is recommended as one of the top property investments at the moment. Bulgarian property prices rose by almost 40% last year and this is expected to continue after accession to the EU as a result of the better legal framework and rules brought about by joining the EU. Whether looking for a holiday home or an investment property there is still time to get your hand on a cheap Bulgarian property.
Bulgaria Property – is now the time ?
There is a lot of debate just now about buying Bulgarian property. Many argue that it is too late and that prices have already risen by too much. Such a broad answer however is not possible. For sure if you buy in the overdeveloped coastal resorts then this is not a good idea. Prices here have already risen too fast and are reaching bubble territory.
With the growing tourist numbers arriving in the countries and many global countires looking to relocate to Bulgaria there are still many good investments if you choose carefully. Although there has been strong increased over the last 3 years, Bulgaria property prices still offer opportunities for investors if you look in the right location. Read more…