Luxury apartments located just metres from the new Super Borovets ski gondola and golf course.
The continuing adjustment in the Bulgarian property market is started to impact all but the nest quality Bulgaria apartments, with good location, infrastructure and services a must according the Bulgarian property experts.
The demand for quality Bulgarian properties for sale still exists but cheap purpose built apartments in locations like Sunny Beach and Bansko are seeing substantial price drop due to a huge oversupply in these areas and also a lack of quality and variety. Read more…
New business property in Bulgaria has increased by a minimal amount in the first half of 2008. However several large scale office development are expected to enter the market over the next two years according to Raiffeisen Bulgarian Real Estate.
The market for retail and commercial Bulgarian properties remains stable and should see strong growth in the medium and the long term. It is estimated that foreign direct investments in the Bulgarian real estate market have declined by over 30% in the first six months over the year. Read more…
Contrary to recent rumours that the Bulgarian real estate market is not so attractive to foreign investors any more, Andrew Regan, a Scottish online freelance author, comments that the Bulgarian real estate boom shows no signs of abating. “Bulgaria’s expected adoption of the Euro in 2011 means that investors need to move quickly to snap up the best deals. Bulgaria’s recent accession to the European Union has vastly increased its attractiveness to British holidaymakers as well as investment property buyers. Bulgarian real estate experts also predict an even greater demand for Bulgarian property when Bulgaria adopts the Euro in 2011,” the author said. Read more…
Difficult conditions for home loans and high interest rates are making Russia’s property market less attractive, pushing investors to Bulgarian properties and also the Cyprus, Greece and Montenegro property markets, Russian daily Kommersant reported. The article describes the Bulgarian properties market as heaven for investors, who can expect high returns, an average of 20%-30% annual rise in property sale prices and low interest rates on mortgage loans. “Renting out makes it easier to pay off the credits,” the article adds. Russians’ interest in Bulgarian properties for sale is fuelled by the country’s good reputation as traditional destination for holidays.
Bulgaria property has topped the latest Knight Frank Global Price Index in terms of annualised property price growth rates, it has been revealed. The study has revealed that price growth for Bulgaria property in the year to the third quarter of 2007 amounted to 30.6 per cent, putting it ahead of the highest country, Singapore, by three percentage points. Last year’s highest ranked country, Latvia, fell from 56.9 per cent to 10.9 per cent year on year, with Knight Frank saying that prices had begun to fall in certain parts of Riga. Read more…
In eastern Europe Bulgarian propety remains the runaway leader. The country presently produces an average 84 per cent return on capital invested in Bulgarian property. Property in key markets, including Cape Verde, France and Bulgarian property, remains profitable for British investors, ?ccording to research by overseas specialists Assetz. “In spite of a continuing slowdown in capital growth across the global property market, it remains an exciting time for investors worldwide,” said Stuart Law, managing director of Assetz. Read more…
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…
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…
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…
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…
