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Bulgarian Property & Real Estate News

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…

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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.

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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…

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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.

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UK buyers looking at Bulgarian Properties

Over 15% of all UK overseas investors are thinking about buying property in Bulgaria or Romania. As a result of both countries joining the EU at the start of the year eastern Europe is now one of the property investment hot spot. According to overseas property group MRI accession to the EU is a major factor in boosting investment in property in Bulgaria.

Trips by foreign tourists to Bulgaria went up by over 8 % last year, to almost 1.5 million visitors. There was also a significant boost to Romanian tourism.

MRI has commented that similar to other eastern European countries that have joined the EU, Bulgarian properties are likely to experience stop growth over the next few years

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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.

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Bulgarian Property still popular with investors

Bulgarian property along with Cyprus and Portugal, have been named three of the top property locations for UK investors looking to buy abroad in 2007. Spain unusually has not been so popular and experts recommend avoiding Spanish property just now. The continuing low prices of Bulgarian properties make them very attractive with overseas investors.

Investing in Bulgarian property offers many opportunities due to its improving infrastructure and booming economy and tourism sectors. The Bulgarian economy is unrecognizable from the 1990’s when it was slowly emerging from communism and just beginning to adopt a market economy. Read more…

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Bulgaria Ski Resorts – skiing on a budget

The ski season is finally back. The snow has arrived and the slopes are heaving with skiers and snowboarders. For those looking for something new this year they might well try out skiing in Bulgaria. Over the last 2-3 years Bulgaria ski resorts are fast becoming a popular alternative to the more traditional French and Austrian locations. Both tourists and investors are being attractive these quickly growing ski resorts.

The country offers and range of resorts to suit all level. Each has its own style and charm and attract different types of visitors. Read more…

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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…

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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…

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