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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.

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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…

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BenchMark Fund invests in development plot in Borovets ski resort

Real estate investment trust BenchMark Fund Estates has signed a preliminary contract for the purchase of a 9,000 m2 development plot in the Bulgarian ski resort Borovets. The company plans to build a luxury Bulgaria apartments complex with a total built-up area of approximately 12,000 m2. Building will begin within the next 3 months and should be finished by mid-2009.
Read more…

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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…

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Borovets resort expansion kicks off with construction of new gondola

The much awaited expansion of the Bulgarian ski resort of Borovets, named the Super Borovets project, is set to finally get underway in early October this year with the construction of a lift connecting the city of Samokov with the Markudjik ski runs.The news was produced by Tuesday’s meeting of the board of Rila-Samokov 2004 AD, the project company that owns 2 mln sq m of land in Bulgaria’s Borovets mountain area for further development into residential second homes and associated infrastructure. Read more…

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Equest Balkan acquires stake in Super Borovets

Equest Investments Balkans Ltd (‘EIB’ or the ‘Company’), the specialist investment company focused on retail and financial services, infrastructure and property development in South Eastern Europe, today announces the acquisition of a strategic 33.5% indirect equity holding in Rila Samokov 2004 AD (“Rila Samokov”), the company which is the land owner and principal developer of a large scale development project in the Borovets mountain resort area in Bulgaria. Following this announcement, the Company now has investments in 9 companies in South Eastern Europe. Read more…

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Ski home bargains in Bulgaria property

The Bulgarian property market has been receiving more good press this week, with Bulgarian properties around the popular ski resorts given particular praise.

Writing for the Telegraph, Nicola Venning also pointed out that property investors can find surprisingly good deals in Spain, where Europe’s most southerly ski resort can be found in the Sierra Nevada. The idea of buying a ski property in Spain may seem incongruous and many investors will understandably stick to more recognised property investment locations including the Costa del Sol and Murcia. Read more…

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Bulgarian Ski Property – challenging the French and Austrian ski resorts

Bulgaria ski resorts are now competing directly with resorts in Austria and France as British investors look for the next property hotspot. There has been a 40% rise in enquiries for investment property in Bulgaria over the last twelve months. Property buyers are hoping to get in now while property and apartments in Bulgaria remain cheap compared similar products elsewhere. Ski resorts such as Bansko offer cheap ski property in Bulgaria and positive investment returns, according to property investment specialist. Many investors are buying off plan at price as low as 35,000 euros for a fully furnished apartment in a luxury complex.

There was a 30% increase in British tourists to Bulgaria in 2005 and low cost airlines are increasing flights to the capital Sofia and Burgas on the coast. Several companies are targeting these new tourists and offering rental yields up to 9% guaranteed. Of course you need to weight up the risks involved in Bulgarian real estate. The property market in Bulgaria is still relatively new and not as regulated as more established locations. Property re-sales have yet to be tested as the market is very new. Read more…

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Bulgaria Property investing – try out the ski resorts of Borovets and Bansko

Overseas property investors are just started to realize the potential for winter tourism in the Bulgarian property market. The country is currently one of the top property investment destinations in Europe. The ski resort of Bansko and Borovets have updated their ski facilities and accommodation and are now hoping to bid for the 2014 winter Olympics.

Bulgaria is fast becoming the new ski holiday location in Eastern Europe and Bulgarian property prices are rising as a result, with prices up over 100% in the last 2 years. However prices for property in Bulgaria are still much lower than surrounding countries such as Greece and Slovakia. The market has just started to offer mortgage finance which has lead to a boom in property demand.

Property investors from the UK are turning their backs on the more popular locations of France and Spain and looking for better profit in Bulgaria real estate. The recent article in the Telegraph highlights that that growth of low cost flight to Bulgaria will further drive up investing in Bulgaria. Prices for Bulgarian properties have risen dramatically driven by strong demand from UK buyers trying to snap up cheap properties in a country soon the join the EU. Read more…

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Bulgarian Property – in top 3 locations for growth in 2006

The latest property analysis indicates a 50 per cent increase in enquiries for Bulgarian properties over the last six months. The interest comes from both property investors and also tourists interested in taking their holidays in Bulgaria.

The analysis shows that over the last couple of years property investment in Bulgaria has become popular with both private investors and also businesses. Both sets of buyers are hoping to benefit from the fast growing economy and rapid growing tourist numbers. Bulgaria is expected to join the EU in January 2007 and investor want to get in early in the hope that the country will repeat the success of holiday properties in more developed countries like France and Spain.

Many UK investors are targeting property in the beach resort in the hope of gaining from the increased tourists expected in the country. Sofia apartments have also proved popular especially as the real estate prices are very cheap compared to other similar cities in eastern Europe. Read more…

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If you are looking for Bulgarian real estate or off plan property in Borovets look no further than Concept Bulgaria.
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