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…
Bulgarian Property & Real Estate News
Property in Bulgaria in the Limelight
Property in Bulgaria is very much in the limelight now that it has joined the EU. “Foreign investors look at tourist growth, gross domestic product growth, transparency of the Bulgarian property purchasing process, wage inflation and easier access to mortgages,” Mr Valletta from UK company Vector International explains the reasons for the success of property in Bulgaria.
Property in Bulgaria third most profitable for Buy-To-Let
Property in Bulgaria has been ranked the third most profitable location for buy-to-let investors, lagging behind Poland and the United Kingdom, according to a report of property investment firm Assetz. Investing in property in Bulgaria is followed by France, Turkey, Greece, Spain, South Africa, Cyprus and Portugal as the top ten most profitable locations. Poland offers a 165 % net capital gain on cash invested, the UK – 63%, Bulgaria – 54%, France – 51% and Turkey – 45%, according to the study. At the end of last month The Observer ranked property in Bulgaria, Turkey and northern France as the current hotspots for British first-time buyers overseas.
Source: Sofia Morning News
Bulgaria Real Estate Still Tops among British
Bulgaria is still a preferred country by the British for the purchase of real estate, despite negative publications in the media, shows data of Asta Bridge Company. The percentage of Bulgaria real estate purchased by foreigners is 29%, from which 66.87% are by British people. US citizens make 6% of the Bulgaria real estate deals followed by the Germans with 4% and Italians – 3%. New for the Bulgarian real estate market are citizens of Spain and Malta who look mainly for lands for building. Read more…
Investing in Property in Bulgaria Draws Significant Returns
Sitting at the junction between Europe and Asia, property in Bulgaria is increasingly attractive for investors and tourists alike. With a population of 7.5 million, Bulgaria faces the Black Sea to the east and is bordered by Greece and Turkey to the south, Macedonia and Serbia and Montenegro to the west, and Romania to the north. Known for its exquisite ski resorts of Bansko, Borovets, and Pamporovo, Bulgaria also offers sunny beaches on the shores of the Black Sea. The climate and economic conditions of the country make property in Bulgaria an attractive investment to Europeans and others from around the globe. Read more…
Spirit of Adventure Leads Britons to buy Property in Bulgaria
France and Spain, traditional favourites for British property buyers, are losing out to a handful of emerging markets such as property in Bulgaria, Dubai and Cape Verde, a survey shows. The annual global property hot sport report, recently released by currency specialists HiFX, puts the shift partly down to a new spirit of adventurousness in British buyers. Property in Bulgaria has been especially popular. Read more…
Residential Property in Bulgaria Up by Up to 15% in 2007
Average price levels of residential property in Bulgaria will increase by 5-10% in 2007, experts say. Luxurious newly built Bulgaria apartments and properties at key locations will command a higher increase in prices – an average of 15%, according to realtors’ forecasts for the country’s first year of EU membership, cited by 24 Hours daily. Low prices, long-term investment prospects and changes in lifestyle fuelled record-high sales of property in Bulgaria for 2006. Bulgaria apartments were especially popular with foreign buyers. Read more…
Property in Bulgaria Still Ranks in Top 3 Property Investment Hotspots
Property in Bulgaria is still being marked among the top three European destinations for the overseas property investor in 2007, ranking next to Cyprus, say British experts.
Property investment company Principal International forecasts that property in Bulgaria, described as a low cost and affordable destination, will remain very popular with the Brits and its European neighbours despite the ever increasing volumes of development schemes along its costal shores. Read more…
Britons Eye Property in Bulgaria
One in seven Britons is considering purchasing property in Bulgaria or Romania, following the countries’ EU accession at the beginning of this year, according to a new survey. “Bulgaria’s official inclusion in the European Union is a key opportunity for investing in property in Bulgaria ” commented John Triton, a sales director at MRI Overseas Property. Read more…
Potential for Property in Bulgaria
All emerging property market’s reach a period of transition when it stops emerging and it actually arrives, and 2007 could very well be the year when property in Bulgaria finally arrives. The potential for property in Bulgaria in 2007 will be helped by the fact that the country becomes a member of the European Union on the 1st of January and between 2007 and around 2010 property in Bulgaria will most certainly remain hot.
Some have said that prior to accession all of the profits have been drained from the market, that greed and speculation have damaged the long term attraction of Bulgaria for its required international tourism and retiree market and that property in Bulgaria was a flash in the pan as an investment commodity – this article will prove that to be a false series of assumptions. Bulgaria will return profitability in 2007. Read more…