Register for updates

 

Bulgarian Property & Real Estate News

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…

Tagged in: , , , , ,

Tips for buying ski property in Bulgarian ski resorts

The Bulgaria property market has popped up in the news again over the last few days, with the Bulgarian properties in ski resort being main focus for the commentary.

Commenting in Britain’s Telegraph newspaper, Nicola Venning also discussed ski property in Spain’s Sierra Nevada region which is one of the most southerly ski resorts in Europe. Ski property in Spain is not what you normally think about with coastal beach property investments being much more popular in Spain. Similar to Spain, Bulgarian ski resorts are in strong demand at the moment. An increase in the number of flights from UK and Ireland has led to a surge in investment along the Black Sea coast and also in the mountain ski resorts. More direct flights are appearing all the time with the latest expected to be between Dublin and Sofia and also Dublin and Burgas.

Ms. Venning has pointed out that Bansko is an ideal ski resort for property investment, as it has recently installed new ski lift as part of a multi-million development plan which has seen the pistes increase to 65km long. Bulgaria has a lead for other ski locations in that a ski property can be purchased for little more that 20,000 euros. This combined with EU membership and a possible bid for the 2014 Winter Olympics mean that prices as sure to rise very quickly.

Bulgaria’s Tourism Agency has offered strong support for the Sofia 2014 bid. Sofia Mayor Boiko Borissov has signed an agreement called for cooperation between the city agencies and the tourism agency to maximize the success of the Olympic bid. The bid offer a selection of venues for the competition with events being spread between Sofia and the ski resorts of Borovets and Bansko. The overall cost of hosting the games is estimated and 1.2 B euros. The other cities competing in the first round are Salzburg, Sochi, Borjomi, Almaty, PyeongChang and Jaca.

Competing for the winter Olympics has helped to boost demand for Bulgaria ski property.

Tagged in: , , , ,

UK first time buyers consider buying Bulgaria Property

Bulgaria Property, Turkish real estate and locations in northern France are currently the most popular overseas destinations for UK first-time buyers. They are buying one or two bed bulgaria apartments for around 60,000 pounds and if you are interest in a ouse in Bulgaria you can get these for between 60,000 and  80,000 pounds. Because they are so much cheaper than UK property prices, bulgaria property and bulgaria apartments are becoming more and more popular for first time buyers. Read more…

Tagged in: , , ,

Bulgaria property attracting new investors on the back of good returns

The latest real estate news after Bulgaria’s first month as part of the EU is that typically conservative investors like pension and insurance companies are starting to take interest in the Bulgarian property market. This new type of investor is interested Bulgaria real estate investments because the political and economic profile for the coutry has improve. There is less perceived risk now that Bulgaria is in the EU and also there is a plentiful supply of cheap credit.

During 2006 we saw several large scale Bulgarian real estate takeovers most notably the purchases of the Mall of Sofia and Business Park Sofia. According to Forton real estate brokers, the main interest for these investors will be prime commercial real estate and office developments in the major cities. Read more…

Tagged in: , , , , ,

Investing in Property in Bulgaria brings strong returns

Bulgaria enjoys an attractive location situated between Europe and Asia. This makes property in Bulgaria is increasingly interesting for investors and tourists alike. Bulgaria has borders with the Black Sea to the east, Romania to the north, Greece and Turket to the south and along its west border is Serbia, Montenegro and Macedonia. The property investment options in Bulgaria range from ski resorts like Bansko and Borovets to the many beach resort dotted along the Black Sea coast. The climate and growing ecomony make property in Bulgaria a very lucrative investment, especially as Bulgaria has not yet joined the EU. This is expected in 2007 and may very well drive up the price of Bulgarian properties even further.

Bulgaria as a country offer some amazing natural sights. From the coastal regions to the mountain the nature and fauna are beautiful and untouched. The government is wise to the fact that nature tourism is a growing business and as a results aims to protect the beauty of Bulgaria.

Bulgaria property investment offers both financial and personal rewards. Whether you plan to ise your property in Bulgaria as a holiday home or as a rental investment, now is the time to buy property in Bulgaria.

Tagged in: , ,

The search for something different brings British investors to buy Property in Bulgaria

The usual favorites of UK property investors, Spain and France seem to be dropping in popularity in the face of competition from new emerging property markets such as property in Bulgaria, Cape Verde and Dubai. The latest property report, from currency dealers HiFX, puts the trend down to a search by UK buyers for more interesting property investment locations. Property in Bulgaria has been especially popular recently.

“In a lot of scenarios the developing markets offer properties, which are a lot cheaper than more established locations” says Mark Bodega, marketing director of HiFX, commented. “As property prices have continued to rise quickly in the UK over the last year, as well as rising interest rates, we have noticed that overseas property investment has become increasingly popular with UK buyers” Read more…

Tagged in: , ,

Property in Bulgaria Still Ranks in Top 3 Property Investment locations

Property in Bulgaria is currently ranked as one of the top 3 property investments in Europe. According to leading UK real estate experts Bulgaria and Cyprus are currently the favourite locations from British buyers.

Bulgarian properties remain cheap and affordable and buyers are attracted mostly to the new developments on the coast and in the ski resorts. The capital Sofia is also popular with investors more focused on rental yields. Tourism is booming within Bulgaria and many investors are betting that this will result in increasing prices for property in the Bulgarian ski resorts and coastal holiday villages.

Bulgarian tourism generated in excess of 2 billion euros of income this year from four million tourists. The tourism segment measures almost 15% of Bulgaria’s gross domestic produce and creates more than 150,000 jobs. The goverments target si to increase visitor numbers to 8 million over the next 10 years. International tourism experts believe that this is highly possible based on the wide variety of Bulgarian tourism locations and experiences. The country can over, beach holidays, skiing and snowboarding, spa tourism, heritage and historic trips, wine tasting holiday and many other tourist options.

Tagged in: , , ,

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

Property in Bulgaria will increase by almost 10% in 2007 according to top Bulgaria real estate agents. Top quality Bulgaria apartments and properties in exclusive location are expected to rie by slightly more and may achieve a 15-20% increase. Bulgaria’s accession to the EU, as well as its cheap prices has lead to very strong demand for property in Bulgaria. Bulgarian apartments were the number one investment for overseas investors and the total amount of Bulgarian real estate sales in 2006 was over 5 billion euro. Bulgarian Properties, one of the leading Bulgarian real estate agents says that is expects the market to continue to grow in 2007 but that the increase will not be as strong as in recent years.

There is still strong demand for Bulgaria apartments in Sofia and these are being purchased by both foreign and local property investors. Sofia property prices compare very favourably to other capital cities in the EU. Average prices in Sofia as 1050 euros/m2 and yields of up to 10% are standard for quality properties. Prices in other European cities are much higher with average prices in Paris, London, Dublin and Amsterdam reaching over 6 times the price per m2 achieved in Sofia.

Tagged in: , , ,

Potential for Property in Bulgaria

Most developing countries arrive at a stage when they are no longer developing and instead are accepted as part of the regular club of investment countries. For Bulgaria this will most likely be in 2007 and it joins the EU and becomes accepted as a quality investment location within Europe.

There has been a lot of focus recently on investing in property in Bulgaria and many people believe that a lot of the profit potential has already been exhausted in the country. Certainly over the last 2-3 years Bulgarian property has been at the forefront of property investment in developing countries. For sure prices have increased dramatically in the last few years but it should be realized that this was from a very low base and in addition many of the properties that were being purchased were old and of low quality. Read more…

Tagged in: , , ,

Construction of property In Bulgaria to become more expensive

The lack of skilled construction workers, more expensive raw materials and energy will force up construction prices in 2007. At the same time the price of property in Bulgaria is not expected to climb at such a high rate because of increased supply. Property in Bulgaria will also have to meet European quality requirements, the report said. These demands would also bring up construction prices, Bulgarian property analysts report. Read more…

Tagged in:
« Newer Posts — Older Posts »
If you are looking for Bulgarian real estate or off plan property in Borovets look no further than Concept Bulgaria.
Links | Disclaimer