The rise of investments in property in Bulgaria, especially in the ski and beach resorts has had the effect of encouraging investment in other parts of the country which is very much largely undiscovered. There are still the mountain regions, rural villages, spa resorts and the lesser known major towns and cities. Many of these places have Bulgarian property and land that is still greatly undervalued. Many potential investors are often put off by having to set up a company to purchase a bulgaria property or a piece of land. However it is a straight forward process and is getting easier, especially as Bulgaria is moving closer to being a fully fledged member of the European Union which should happen in 2007 at the earliest. Read more…
Bulgarian Property & Real Estate News
Super Borovets – latest update from Samokov municipality
BulgariaSki.com team visited Samokov municipal, to check the development of the Super Borovets project. Two important meetings marked the development of Super Borovets project on 12.06.2006. A general shareholder meeting, followed by a meeting of the board of directors of Rila- Samokov Joint Stock Company has resulted in the actual start of the development of Northern Rila region. Read more…
Bulgaria’s Telco Improves Winter Resorts Networks
The Bulgarian Telecommunications Company (BTC) will invest BGN 2 M in the modernization of the network in three of Bulgaria’s major winter resorts. BTC will renew the telecommunications network in the resorts of Bansko, Borovets and Pamporovo. The new improvements will provide the resorts with better telecommunication solutions. Read more…
Bulgaria’s ‘Westward Move’ attracts property seekers
An article named The Bulgarian Property Renaissance, published on 999 Today website presents Bulgaria as an increasingly appealing destination for Western European property seekers. Previously known as communist country, Bulgaria is now making moves westward with its NATO membership and expected EU entry in the beginning of 2007, 999 Today reported. This ‘opening’ to the Western world enabled bulgarian property investors to discover the potential of the country. 999 Today reported Bulgaria has rich cultural heritage, good climate and beautiful nature. The relatively low costs of living further the appeal of the country, the website said. These developments influence the decision of many Bulgarian property seekers. Read more…
The Bulgarian property renaissance
The latest property hotspot which is attracting thousands of ordinary British investors is Bulgarian property. And the interest is growing by the day. It’s phenomenal!
Well, what’s up?
Bulgaria, once known to the wider public only as a satellite country of the Soviet bloc, is making its entry into the western world as a fully-fledged democracy with a vibrant free economy. A member of NATO since 2004, Bulgaria is due to enter the EU in 2007.
Now the world is discovering Bulgaria – a country of amazingly contrasting landscapes, ancient traditions reflecting its rich cultural heritage, an excellent climate – neither too hot, nor too cold – and the allurement of an incredibly low cost of living. And only a three-hour air flight from London. And the price of air tickets is tumbling. Read more…
Borovets heading Bulgaria’s Olympic bid
With the summer months upon us, it is inevitable that the majority of Bulgarian property investors are currently fixated with the Black Sea resorts in Bulgaria.
Sunny Beach is perhaps the most obvious example and with 1,700 hours of sunshine between May and September this should come as no surprise. The area also boasts an average daily temperature in the region of 27 degrees centigrade and it is definitely the most vibrant holiday resort on Bulgaria’s Black Sea coast. Read more…
Further investment boosts Bulgarian property market
Hardly a week goes by without news emerging from Bulgarian property circles about another planned investment project as the country looks to enhance its reputation in advance of EU accession.
In addition to large-scale Bulgarian property investment, officials are also working hard to stamp out corruption and to combat some of the other legal concerns that have been Bulgaria’s perennial weakness in years gone by. Read more…
Brand New Project for Development near Govedartsi
A brand new project for development of Northern Rila is now being prepared by the Samokov municipality and the local businessman Hristo Kovachki. The new project plans the construction of small villa sites nearby the villages- Madjare, Mala Tsarkva and Govedartsi. A lift will connect the villages with Mechit peak and Maliovitsa.
The Municipal Council approved the offer presented by “ML Impex” Ltd. managed by the local businessman Mr Kovachki. The Municipal formed an association, which will present general organization plan and ecology asessment of the future complex and will apply for state terrains concession. Read more…
Bulgarian property a hot destination for Welsh
The number of Welsh families buying property abroad is on course to double within the next seven years, with Bulgarian property proving the hot destination.
Even first-time buyers priced out of the domestic market are turning to the former Soviet bloc nation to get a foothold on the property ladder, says Swansea-based Britannia Overseas Property. Britannia – one of the UK’s leading developers of property in Bulgaria – say impending EU membership and low property prices are helping money pour into the Black Sea resort nation.Such is demand, Bulgarian property last year recorded an average price increase of 47.5 % with experts predicting values will more than double over the next 12 months. Read more…
The changing face of Bulgarian property investment
With property investment television programmes dominating the listings, it is inevitable that real estate is beginning to attract more and more potential investors. Most of these programmes are also becoming increasingly adventurous in terms of the places they cover, which is having a direct result on the investment patterns of UK residents.
In a report for Antara News, for instance, journalist David Burrows says that many investors are beginning to turn away from France and Spain in search of better value. He suggests that Bulgarian property is a prime example, in that real estate prices in the country are still exceptionally low but experts are predicting something of a boom in Bulgarian properties before long. Read more…