Bulgaria Cheap Properties

Investment in British property offered higher return rates and lower risk than a similar deal concluded in Bulgaria, representatives of the British consultancy agency Assetz said. On Friday October 27 the agency presented research on the property investment opportunities in Bulgaria, Bulgarian news agency BTA reported. In the past months the situation in Bulgaria began to change. The annual credit growth

InvestBulgaria Agency approved a project for the construction of a ski complex in the Pirin Mountain town of Dobrinishte. Dobrinishte Ski received a firstclass investor certificate on October 26. Once a company receives such certificate, it is entitled to state aid for the construction of some infrastructure needed for the project, mediapool.bg reported. The skiing area would be located in the area

Property prices in Bulgaria increased over the summer, data of the National Statistical Institute NSI shows. The increase was highest in the coastal cities of Bourgas and Varna. The price increase in Sofia was gradual, mediapool.bg reported. Real estate sales in Bansko winter resort increased the overall price of property in the Blagoevgrad region by 12.4 per cent, the NSI report said. Apartment purchase in

The fifth edition of the largest real estate trade show in Bulgaria, Real Estate Expo, took place from October 20 to 22 in Sofia. More than 100 participants presented various opportunities for investment in real estate and information about the property market developments in Bulgaria. Participants also presented investment opportunities in France, Dubai, Italy, Germany, USA and the Caribbean region.

Average prices of residential property in Bulgaria rose by 4.6 per cent from July to September 2006, a National Statistical Institute report said.Property was sold for 865 leva a sq m, the reports said as quoted by Darik Radio. The prices were 14 per cent higher than those for the same period in 2005 and 11.3 per cent higher than the prices in the end of 2005. Property in the coastal city of Varna became more expensive

The lack of cadastral maps was one of the Bulgarian property markets main problems named by foreign investors, Bulgarias 24 Chassa daily said. The existence of complete and correct cadastral maps was an important factor in finalising secure property deals and attracting investors to the property sector, 24 Chassa said. The current process of updating the countrys cadastral maps began in 2000 and by now 33

Sales of mortgaged property in Bulgaria would increase in the next two years, according to a representative of Bulgarian real estate company Foros, as quoted by Dnevnik daily said. The property market was growing and the development of mortgage loans would boost an increase in sales of mortgaged property. Currently mortgaged property was offered mainly in Sofia. The risk of buying mortgaged property was

Property to a value of eight billion euro was sold in Bulgaria in 2005, National Real Property Association chairperson Orlin Vladikov said during an international real estate forum in the countrys capital, Sofia.Construction projects in Bulgaria in 2005 were also worth eight billion euro, he said, as quoted by Darik Radio. Trends in property prices would vary in 2007, Vladikov said. Nearly two million sq m of property

The warnings towards purchasers of property in Bulgaria become more frequent in foreign media, Dnevnik daily said. A number of articles about investment risks and overestimating financial returns from Bulgarian property had been published in British newspapers, Dnevnik said. The property sector was connected to organised crime, some articles said. An article in The Independent said that in many Eastern

The construction boom that began in Bulgarias resort of Bansko a few years ago is rapidly being matched by that in the other two main Bulgarian ski resorts, Borovets and Pamporovo, according to an article in Bulgarianlanguage daily 24 Chassa. The increase in prices had attracted an increasing number of investors. The municipalities willingly issued permits but the resorts were becoming oversaturated.Samokov