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Bulgarian Property & Real Estate News

UK first time buyers consider buying Bulgaria Property

Bulgaria Property, Turkish real estate and locations in northern France are currently the most popular overseas destinations for UK first-time buyers. They are buying one or two bed bulgaria apartments for around 60,000 pounds and if you are interest in a ouse in Bulgaria you can get these for between 60,000 and  80,000 pounds. Because they are so much cheaper than UK property prices, bulgaria property and bulgaria apartments are becoming more and more popular for first time buyers. Read more…

Bulgaria Property – A Great Investment for those who can wait

Bulgaria property can be a great investment as long as buyers are prepared to wait for their property to appreciate in value, media in the UK claim. Director of Bulgaria property firm Knight International Jon Hill said that while it would take a few years for Bulgaria apartments and homes to appreciate, prices seemed to be moving up all the time.Although people should consider their individual circumstances when choosing where to buy, those buying merely for investment purposes could consider purchasing in Sofia or Borovets, he advised, as this was “an extremely good place to buy Bulgaria property at the moment”. Read more…

Equest takes investment in Super Borovets project

Investment fund Equest Balkan will acquire a stake on the development company behind expanding Borovets ski resort. The starting investment with be around 15 million euros and will result in the 51% shareholding. The company is acquiring the stake from Bulgarian construction company Glavbolgarstroi who just last year purchased the holding from the estate of the former banker Emil Kulev Read more…

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.

Investors are keen to buy Bulgarian properties

Recently the Bulgarian property market has been one of the strong favourites amongst emerging market investors. The country has a myriad of different property offer but 3 main areas and strongly promoted to British buyers.

Firstly there is the capital city Sofia where ancient buildings sit alongside the more somber construction of the communist era. Sofia has a history that dates back over 3000 years but the latest Bulgaria property investor are more interest in the future years and what that will bring for investor in Sofia property. Average Bulgarian properties in the capital city are offered for prices around 950 euros per m2. One and two bedroom apartments in Sofia can be purchased for 40,000-60,000 euros. Read more…

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…

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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