Bulgarian Properties in Albena

British Investors Flee Bulgarian Winter Resorts 10/03/2008
Unlike other real estate sectors, where location, construction quality and infrastructure dictate the market, in Bulgarian mountain resorts the client is the crucial price-formation factor. Currently, around 90 per cent of winter holiday property buyers in Bulgaria are foreign. Just two years ago British and Irish investors formed the core of mountain holiday properties buyers, responsible for an 80 per cent market share. Bulgarians contributed  only a few per cent. Last year this pattern was reversed: 70-80 per cent were Russian, Czech, Hungarian, Polish, Romanian and Bulgarian investors and only 20 per cent were British and Irish, according to the Bulgarian-language monthly magazine Imotut koito tursite (The property you seek). Green Life real estate company released a report... more

barbies Band To Rediscover Bulgaria 25/03/2008
Bulgaria's property market is 85 per cent foreign investment-driven and has been experiencing an outflow of British and Irish buyers lately, but the predictions of some pundits for a re-advent of British buyers could still be proven right, as UK investors have not lost their zest for investing in property abroad. Despite the credit crunch experienced by Britain, investors who Buy Abroad and Rent in Britain (hence the Barb-ies abbreviation) have been very active on emerging markets as of late, The Daily Telegraph reported on March 22. Typically, Barbies are young, first-time buyers who can't afford to get on to the first rung of the British real estate ladder, so turn to another country where properties are more affordable, the British daily said. “Priced out of the British... more

Ehotels Unites Six Hotels In A New Chain 10/03/2008
Ehotels, a new Bulgarian chain managed by Ambassador Tour company, presented its hotel portfolio on February 19 2008. The hotels and Ambassador Tours are both owned by Bourgas-based construction holding PONS. The chain now operates four hotels -- Snezhanka in Pamporovo resort, Perla in Slunchev Bryag (Sunny Beach), Diva in Chiflik village and Rodopski dom (Rhodopi home) in Chepelare. Another two will be associated soon: Knyaz Pavel in Pavel Banya in autumn 2008 and the newly-built Andromeda in Sunny Beach, expected join Ehotels in the summer. Their managers are now negotiating the accession terms. “We had the initial stock of hotels, we had the team, the expertise and experience and the next logical step was to move further on -- uniting the existing developments into a hotel... more

Foreigners To Be Able To Buy And Inherit Property In Bulgaria 12/03/2008
The Cabinet decided on November 2 that foreigners in Bulgaria will be able to buy and inherit property in the country. On November 2 the Cabinet approved changes to ownership laws, Focus news agency reported. The decision makes Bulgaria's Constitution and the ownership regulations listed there compatible with European norms on the free movement of capital. Foreigners would be able to acquire Bulgarian agriculture and forest plots starting January 1 2007. Changes to the Constitution would result in changes in four other regulations. These focus on protected territories, ownership and use of agriculture plots, forestry regulations and regulations for restoring ownership over agriculture and forest plots. more

Austrian 'baumax' Steps Bulgarian Market 15/04/2008
Austrian ‘Baumax' opens on Monday, April 14 its first supermarket for construction materials in Bulgaria's city of Plovdiv. Second local outlet will be opened in Stara Zagora next week. Each one of the stores is on the amount of 10 million EUR. The retail area of Plovdiv's outlet is 12,500 sq m which makes it the biggest of its kind in Bulgaria. The supermarket in Plovdiv also will be drive-in. ‘Baumax' assortment will be divided in four sectors - constructions, interior, garden and instruments. More than 50% of the firms - suppliers are local companies. The store is foreseen to give job to 105 people. The company operates on the European market from more than 30 years. By now the firm possesses with 128 objects in 7 countries. The firm intends to invest in other... more