Bulgaria Cheap Properties

A large number of leading international investors focus their interests on South East Europe, some of which realise projects worth billions of euro. Bulgaria and Romania are particularly attractive in view of their recent European Union accession, economic growth, low property prices and their decreasing populations purchasing power, investor.bg reported. After the boom of the residential and business property

Icon Ltd, a daughter company of the Greek GEK Group, plans to invest in the construction of a tourism centre near the Bulgarian mountain resort of Samokov. The project envisions the construction of a spa hotel, mini golf course, a trade centre and trade street, sports fields, petrol station, swimming pool, tennis courts, apartment houses and

Residential property prices in Sofia saw the highest increase in the Iztok borough for the first six months of 2007. According to Colliers International consultancy agency, prices in the Iztok residential complex went up by 29 per cent in the first six months of 2007, investor.bg reported. The increase on an annual base was 51 per cent. As a result Iztok, became the second mostexpensive residential district

A new trade centre will be constructed in Sofias Malinova Dolina residential district opposite Business Park Sofia. Investment will total 168 million euro, the investor in the project Forum Sofia Ltd said as quoted by investor.bg. Trade centre Forum Sofia will cover an area of 170 000 sq m. It will be a mixed trade entertainment centre 88 000 sq m of which will be given for rent.

The increase in Bulgaria in 2008 will be slower than in 2007 because of the residential property market crises in the US and Europe. The prices in Bulgaria would not drop, but the increase will remain within 10 per cent, experts said as quoted by Pari daily. After years of growth, the prices of real estate in some European markets went down. Spain and Ireland registered a firm decrease in the prices, property became less

Offering part of a house for sale is a real estate market segment that is better developed in smaller Bulgarian cities than in the capital. According to research carried out at the request of investor.bg, property owners who want to sell part of their house are usually people who are not able to maintain the whole space. Potential buyers are usually people who can not afford to buy an entire house. Others are

At least two new ski centre projects will be launched very soon on Rila Mountain, Bulgarias highest peak.The main investor in the new resort PanichishteEzerataKaboul is Rila Sport, Capital weekly reported. Investment company Fairplay also announced its intentions to invest 50 million euro in the same project. A Russian company intends to build 30 houses in the same region.

Office space in Sofia increased by ten per cent in the first half of 2007, compared to the same period of 2006. Research from Colliers International Bulgaria showed that Sofia now had a total of 606.500 sq m of class A and B office space. According to the report, most of the office space in Sofia was located in the citys suburbs. Currently more than 330 000 sq m of office space is being constructed in the suburbs.

UK fund European Convergence Development Company Ltd ECDC announced that it has signed a preliminary contract with Bulgarian Sienit Holding Ltd for land purchase in the coastal city of Bourgas. The terrain will be used for the construction of a mall with supermarkets and trade areas, called Bourgas Retail Park, investor.bg reported. The fund will participate in the project with 70 per cent. It will provide a loan of

Bulgarians working and living abroad rank among the main residential property buyers in Bulgaria in the summer. Real estate agency Address registered a ten per cent increase of such deals on annual base, investor.bg reported. Bulgarian clients living abroad are divided into three groups depending on their jobs, brokers said. The first group includes Bulgarians working in Europe on low or average positions willing