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Bulgarian Property & Real Estate News

Bulgaria Property – is now the time ?

There is a lot of debate just now about buying Bulgarian property. Many argue that it is too late and that prices have already risen by too much. Such a broad answer however is not possible. For sure if you buy in the overdeveloped coastal resorts then this is not a good idea. Prices here have already risen too fast and are reaching bubble territory.

With the growing tourist numbers arriving in the countries and many global countires looking to relocate to Bulgaria there are still many good investments if you choose carefully. Although there has been strong increased over the last 3 years, Bulgaria property prices still offer opportunities for investors if you look in the right location. Read more…

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Bulgarian property – choosing the right location is key

Bulgarian properties started to level out during the first half of 2006 according to leading international estate agents Colliers. The latest global price survey shows that prices for Bulgarian property were only slightly up in the last 6 months compared to the earlier period. previous years, with supply exceeding demand.

The Ivan Vazov district in Sofia is now the second highest priced location for Bulgarian property after the usual no. 1 for Sofia property –  Doctor’s Garden. The average purchase prices in Doctor’s Garden reached almost 1200 euros per m2 in the first half of 2006, whereas prices in the Ivan Vazov district were averaging just 1050 euros per m2, with Lozenets following behind at 900 euros per m2. Read more…

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Bulgarian Real Estate Prices Up 20%

Bulgarian real estate prices have increased by 20% over the last 12 months, according to the latest research from London real estate agents. Only real estate in Latvia grew at a quicker pace last year. The growth is put down to increased economy output, improving infrastructure and legal frameworks and of course Bulgaria’s plan to join the EU.

Many UK citizens are becoming disappointed with life in the UK and opting instead to move to Bulgaria where life is easier and the cost of living is significantly lower.

A large percent of these buyers are planning to buy in rural areas, where they plan to settle down and live for their retirement. The climate in Bulgaria is an additional attraction. Some people are even moving their family and children to the new country where they feel there is less of a nanny state and you are free to raise you children in a more open and nature environment.

More than 50% are also choosing older properties which they can renovate themselves and thus save some further costs, although it should be noted that often renovation costs can exceed the actual cost of new construction. Bulgarian property agents expect that this rush to purchase rural properties will drive up prices in these areas by a further 20% in the next 2 years. Their advise to buyers is to always check the property before you sign any contracts and always us a regulated broker.

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Bulgarian property developers look forward to winter season

Unperturbed by the warm summer weather, Bulgarian property development companies are getting ready for what is expected to be a strong winter selling season. Bulgarian property company Prima Invest has begun construction of a 15 million euro ski resort in Rila Mountain, which will take up to 4 years to complete. The Kartala ski resort project will target not only local Bulgarian skiers but also tourists from western Europe and nearby countries like Greece, Serbia and Macedonia.

Construction of new ski resorts in Bulgaria, driven by the ever increasing tourist number is set to be a major source of growth for the economy in the next few years. At present only 15% of the country’s tourism revenue comes from mountain resorts but the target is to grow this to atleast 30% over the next 5 years. Read more…

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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…

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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…

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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…

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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…

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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…

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Bulgarian property market gains appeal

Property investment in Bulgaria has in recent years been something of a slow and steady affair, with many investors appreciating the potential for capital growth but holding out for further encouragement. It is a situation that is gradually being transformed, however, with a number of key factors now uniting to position the country as one of the most exciting property investment hotspots in Europe.

A quick look at the house price growth in the first quarter of 2006 gives an idea of the increasingly tempting nature of property in Bulgaria. Read more…

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