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Bulgarian Property & Real Estate News

Number of Russian Tourists Up by 20%

The number of Russians coming to Bulgaria in January and February 2006 has increased by respectively 57 and 53%, according to information from the consular office with the Bulgarian Embassy in Moscow. Dimitar Tsonev, representing Solvex, one of the leading tourist companies at the Russian market, believes that this summer the number of the Russian tourists to Bulgaria may be expected to grow by about 20%. The booked charter flight places are by 30% more. This year, 62 Bulgarian companies will take part in the Tourism & Travel exhibition in Moscow. The Bulgarian companies will emphasize the opportunities for spa tourism in Bulgaria. The total number of participants in the exhibition will be 2700 companies from 110 countries.

Source: Standart News

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Tourism Authority Lands Hand to Sofia 2014

Bulgaria’s Tourism Authority has declared its full support and cooperation to Sofia 2014 bid. The recently appointed tourism chief Mario Al-Jebouri and Sofia Mayor Boyko Borissov signed an agreement for strengthening the administrative and expert capacity of the two institutions to improve the bid’s chances to win.  As part of the accord, the municipality and the state agency will develop Sofia’s tourist infrastructure and plan joint events promoting the hosting of 2014 Winter Olympic Games. 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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Super-lobby for Super Borovets

Some 300- 400 million BGN will be invested in the infrastructure of the future Super Borovets resort. New ski lifts to expand the resort and luxury properties aim to make this the top ski resort in Bulgaria.

Super Borovets is gossiped for more than a year, but not everyone knows that the new project has nothing to do with the existing resort Borovets. This project is completely independent. It would be a brand new resort nearby Samokov that will aim to attract tourists through the whole year not just during the winter. Read more…

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