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Bulgarian Property & Real Estate News

Appetite for European property investment on the rise

Property investment for many in the UK has become a central part of planning for the future and the European market is understandably attracting much of the interest. While there is of course a natural attraction to the basic idea of investing in property overseas, experts point out that the returns can also be exceptional.

In an assessment of some of the legal aspects of foreign property investment, Legal Week Global concludes that UK investors perceive “an expanding European investment horizon” where the outlook for European property investment is brighter than in the UK and stronger than other asset classes in Europe.Among Europe’s established property investment markets, the report lists Paris in France as well as Madrid and Barcelona in Spain. Read more…

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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