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Bulgarian Property & Real Estate News

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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There is still time to profit from property in Bulgaria

The first investments in Bulgarian property were long before the country even thought about joining the European union. Now that EU accession is on the way next year does that mean and Bulgarian properties are no longer good investments. Not so say leading investment brokers. In fact in their opinion the advantages brought about by joining the EU are only starting to be felt in the Bulgaria property market.

The early speculators are gone but now they are replaced by more experienced and long term buyers. Property in Bulgaria is now considered a safe investment for the medium to long term with excellent capital appreciation and rental yields. Of course the market boomed in the run up to EU membership but there are still plenty of opportunities for the careful buyer who does their homework. Read more…

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New opportunies in the Bulgarian property market

New opportunties in the market for vacation property in Bulgaria were to be expected, agents said during the Southeast European economic forum that began on October 31. Demand for vacation property in Bulgaria, especially in the central parts of the country was going to increase, mediapool.bg reported. The demand would be highest in villages known for spa treatment opportunities. Hisarya, Velingrad and Sandanski could soon become new vacation property hotspots, mediapool.bg reported. The State Agency for Tourism (SAT) was going to aid developments increasing the popularity of Bulgaria’s alternative tourism. Bulgaria ranked second after Iceland in the availability of mineral water springs and had to make use of this potential, SAT representatives said. Lack of proper infrastructure in these villages hindered the development of tourism options and the Bulgarian property market, mediapool.bg reported.

Source: Sofia Echo

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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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Golf property in Bulgaria

Hardly a week seems to go by without the announcement of a celebrity-endorsed golf development, whether it’s Ian Woosnam bringing bunkers to property in Bulgaria or Jack Nicklaus advertising Polaris World’s golf resorts in Murcia. In recent years the likes of Nicklaus, Arnold Palmer and Gary Player, who have been putting their names and expertise to golf-course development for decades, have been joined by Woosnam, Nick Faldo and Seve Ballesteros all lending their considerable sporting reputations to projects from Faro to golf property in Bulgaria. Read more…

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Why Buy Property In Bulgaria?

Many people will be spending their holidays in Bulgaria this summer and no doubt a large proportion of them will be considering buying a holiday home or bulgarian apartment in and around the Black Sea. Decisions have to be made regarding how much to spend and also the cost of mortgages for those willing to take a bigger risk on the more luxurious properties. Added to this is the competition from other countries like Spain, Germany, Morocco and most recently Russia. However property in Bulgaria has many advantages over its rivals; a faster growing tourist market, stronger economic growth and a realistic chance of stageing the winter Olympics some time in the not too distant future. These factors combined together will probably generate investment for many, many years to come, putting property in Bulgaria firmly on the map. Read more…

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Discovering property in Bulgaria

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…

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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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Why Buy Property In Bulgaria ?

Located in South Eastern Europe, Bulgaria is bordered by Greece and Turkey to the South, Romania to the North and Macedonia and Serbia to the West. Its Eastern Border is formed by the beautiful Black Sea Coast. A country of outstanding natural beauty the environment remains unspoilt and is incredibly varied. A relatively small country, a few hours drive will take you from the snow covered central Pirin mountain Ranges to the long sandy beaches of the Black Sea coast.

Forming the heart of several of ancient histories greatest civilizations Bulgaria’s rich culture is reflected in a vast number of architectural treasures. Read more…

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