Bulgarian Property & Real Estate News

Property in Bulgaria still popular with overseas investors

The latest survey from overseas property specialist TheMoveChannel has highlighted property in Bulgaria as still in the top 10 property locations for overseas investors.

The information was extracted from the overseas property enquiries received by the website during 2011. Almost 3% of enquiries related to Bulgarian property meaning property in Bulgaria was the 8th most popular choice for British buyers.

The website director Dan Johnson also mentioned that Bulgaria property sales have been increasing throughout 2011, with low prices for winter ski property attracting most investors. In his opinion it is easy to understand the increased demand as prices are now at their lowest level in many years and offer an attractive location to place funds in the current uncertain banking environment.
He expects that the trend will continue in 2012 with the focus remaining on cheap ski property in the winter resorts.

Tagged in: Bulgaria Property, bulgaria ski resorts, Bulgarian properties, Property in Bulgaria, ski property

Bulgarian properties in ski resorts expected to attract more Russians

Bulgarian real estate agents are involved this week in one of the largest international property exhibitions in Moscow. They are presenting the latest Bulgarian properties to Russian investors interested in investing in Bulgaria.

With the ski season quickly approaching there is a focus on ski properties in Bulgaria. Agents are hoping to repeat the success they have had in attracting Russians to invest in the Bulgarian Black Sea coastal regions.

Attractive property prices are hoped to increase the number of Russian investors in the country’s ski resorts. Read more…

Tagged in: Bulgaria Property, bulgaria ski resorts, Bulgarian investment, Bulgarian properties, Bulgarian property, bulgarian tourism, ski property

Property Investment Funds Check Out Bulgarian Spa Properties

Several Russian property investment funds have been reviewing Bulgarian properties on the Black Sea coast and in the spa areas of Bulgaria.

According to FIABCI the Russian real estate federation that focuses on Bulgarian properties, there is growing interest by Russian investors in Bulgarian tourist property. Already many private Russian investors have purchased Bulgarian properties along the Black Sea coast and in the mountain ski resorts. These new investment funds plan to purchase Bulgaria real estate plots near Spa areas so that their can then build vacation properties to meet the growing demand from Russian investors.

Some of the funds are even considering purchasing whole complexes and then reselling these properties on the Russian market

Tagged in: bulgaria real estate, bulgaria ski resorts, Bulgarian properties

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…

Tagged in: Borovets Property, Borovets ski resort, bulgaria ski resorts, ski property, Super Borovets

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…

Tagged in: Borovets Property, Borovets ski resort, bulgaria ski resorts, Super Borovets

Investment of 70m leva in Borovets ski resort

Borosport AD, the company managing the skiing facilities in the Bulgarian ski resort of Borovets, said it will invest 70 mln levs over the next 3 years in new ski runs, skiing equipment and installations for artificial snow. The size of the investment means the company qualifies for a First Class Investor certificate issued by the InvestBulgaria Agency. The combined length of the Borovets ski runs will be extended to 120 km over the investment period. The company will attempt to make the best of the skiing locations with altitude between 1,600 and 2,500 m where snow shortage, which has plagued many an international winter resort, is less of a problem. Read more…

Tagged in: Borovets Property, Borovets ski resort, bulgaria ski resorts

Equest enters Super Borovets project on 15 mln euro investment pledge

Investment fund Equest will become a shareholder in the company scheduled to expand Borovets ski resort with an initial investment of 15 mln euro.The company will swap the cash infusion for a 51% of the stake in the project controlled by Bulgarian construction company Glavbolgarstroy, said Equest managing partner Georgi Krumov and Glavbolgarstroy president Simeon Peshov. The construction company last week acquired the stake in the project held by the family of Bulgarian banker Emil Kyulev. Read more…

Tagged in: Borovets ski resort, bulgaria apartments, bulgaria ski resorts, Super Borovets

Properties in Bulgaria increase by up to 15% annually in 2007

The average price increase for property in Bulgaria will be about 10% in 2007 according to Bulgara real estate agents. Higher quality top end Bulgaria apartments and properties in certain locations will achieve higher prices and average an overall increase of about 15%. Bulgaria’s expected entry into the EU combined with cheap prices and strong investment potential has led to record sales of property in Bulgaria during 2006. Bulgaria apartments were very popular with foreign investors and the total value of Bulgaria real estate transactions for 2006 comes to more than 5 billion euros. The latest data from BulgarianProperties, a leading real estate agent working mostly with foreign property buyers suggests that the strong demand is going to continue in 2007. Read more…

Tagged in: Borovets Property, bulgaria apartments, bulgaria ski resorts, Property in Bulgaria

Bulgaria Ski Resorts – Hitting the Slopes

Some have been waiting for this moment for as long as last March – the moment when the slopes are again covered in snow and they can grab their skis or snowboard and head downhill fast. Over the past few years Bulgaria ski resorts have become the dream destination for many of these people, with the winter resorts attracting investors, fans and benefactors from all over the world.

Bulgaria Property – Hot or Not ?

When the question arises as to whether Bulgaria property is still a good buy, the answer is yes, but only if you know where and what. Bulgaria itself is enjoying a boom time. It is no longer seen as a grey Communist state and has made impressive progress towards long-term stability and sustained growth. Tourists are pouring in at a rate of over 4 million per annum and it is estimated that by 2010 this figure will have increased to 20 million. Despite astonishing price hikes of over 30% per annum for the past year, the low level of Bulgaria property prices still offer investors excellent opportunities to ride the wave of capital growth as Bulgaria heads towards pending EU accession in January 2007. Read more…

Tagged in: Bulgaria Property, bulgaria ski resorts

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