The storm had just broken, taking with it the August mugginess. I looked up from the balcony of my hotel across the dampened city of Sofia, the capital of Bulgaria. Directly in front of me, the golden domes of the huge Aleksandr Nevsky Cathedral were set against the dark sky. Twin rainbows arced above them as though the sky itself were part of the building’s design. Sofia is that kind of place.
There has been a settlement here near the Iskar River for at least 4,000 years, since the ancient Thracians settled a broad valley overshadowed by the towering Mount Vitosha to the south. A succession of empires, including the Roman, Byzantine and Ottoman, molded Sofia, and their influence remains in the old buildings and ruins scattered around the city. Read more…
Bulgarian Property & Real Estate News
Sofia, Bulgaria: An Ancient City That Wears Its History Well
Appetite for European property investment on the rise
Property investment for many in the UK has become a central part of planning for the future and the European market is understandably attracting much of the interest. While there is of course a natural attraction to the basic idea of investing in property overseas, experts point out that the returns can also be exceptional.
In an assessment of some of the legal aspects of foreign property investment, Legal Week Global concludes that UK investors perceive “an expanding European investment horizon” where the outlook for European property investment is brighter than in the UK and stronger than other asset classes in Europe.Among Europe’s established property investment markets, the report lists Paris in France as well as Madrid and Barcelona in Spain. Read more…
New trends in Bulgarian property investment
Bulgarian real estate market tendencies show a considerable increase in the sales of hotels under construction. According to a “24 Hours Daily” report the largest part of such offers is concentrated in Bansko, Pamporovo and the seaside resorts. Until present investors showed interest in the purchase of completed hotels, especially by the seaside, or separate flats in Bulgarian apartment complexes. Read more…
More British Tourists visited the Bulgarian Winter Resorts
Balkan Holidays tourism agency registered a 35 per cent increase in the number of British tourists who visited Bulgarian winter resorts. More than 25 000 people arrived in Bulgaria, using the services of the company, Dnevnik newspaper reported. For the 2004-2005 season Balkan Holidays registered a 70 per cent increase in tourist figures, compared to the numbers for the previous season. Read more…
Image revamp for Bulgarian property investment
It appears that attempts to ready Bulgaria for EU accession are gaining momentum, with tourism and Bulgarian property investment at the forefront of much that is being done. With the ski season coming to an end, attention is now turning to the stunning Black Sea regions and the authorities in Bulgaria have been busy working on measures to maximise the potential of the already popular resorts.
Already, a National Tourism Board has been created, which will meet in May to discuss ways of uniting large investors, non-governmental organisations and businesses that provide for tourism, reports the Sofia Echo.Many of the plans will directly impact upon property investment in Bulgaria, with analysts frequently observing that a successful tourist industry is the first step towards a Bulgarian property boom. Read more…