Investment Return From Property In Bulgaria Goes Down 11/03/2008
The overall annual return from investments in Bulgarian property decreased to 44 per cent from the 104 per cent several months ago, a report of assetz.com said. Investors should take into consideration the slowdown and practical halt of market growth and the increasing competition in the rental market, Assetz warned. The annual property price increase slowed down from 36 per cent to 17.8 per cent and the prices rose by only 1.6 per cent, the report said. Only long-term investment would provide returns in the coming five to 10 years, because low prices would attract buyers, an Assetz representative said. Immediate investment return, however, should not be expected, the report said. more

Sparkassen Plans 300m Euro In New Investments In Bulgaria 13/06/2008
Sparkassen Immobilien, the real estate arm of Austria’s Erste Bank, plans to invest up to 300 million euro in Bulgaria over the next two to three years, Friedrich Wahernig, member of Sparkassen Immobilien board of directors said on June 11. Its focus in the medium-term would be office and retail space. Additionally, Sparkassen Immobilien has remained keen on financing real estate projects in the region, Wahernig said. The company plans to divest of real estate investments in Western Europe and invest in Eastern Europe, Bulgaria included. The company has remained the leader on Bulgaria’s real estate leasing market with a market share of 36 per cent as of end-2007, Immorent Bulgaria, which represents Sparkassen Immobilien in Bulgaria, said in a June 10 statement. In 2007, the company... more

Reasons Why Brits Fail To Make A New Life Abroad 21/04/2008
Why is it that despite the fact that 99% of expats say that they are happy with the decision they made to move overseas according to a recent survey by NatWest Bank, that every single year almost as many expats return to the UK as leave, having failed to make a new life abroad? The reasons cited by expats for failing to make a go of it are pretty much always the same – homesickness, language and cultural barriers, financial meltdown for example!  In this article we look at the top ten reasons why Brits fail to make a new life abroad so that you can forward plan to avoid disaster. 1) Homesickness – it is 100% inevitable that after the initial high of having made the move and achieved your dream that you will have at least a moment of dread and panic!  This usually manifests itself in... more

Expensive Properties Force Bulgarians Draw Bigger Credits 15/07/2008
The average credit have increased with 44, 33%, CreditCenter data shows. The drawn loans for the first 6 months of 2008 year the average loan reached round 44, 800 EUR.In compare, for the same period in 2007 the Bulgarians have drawn the average credit of round 31, 100 EUR.The main reason for the big jump is hidden in the prices of real estates, the experts of CreditCenter explain.The property prices in Sofia have risen with near 50% under the influence of the people's migration from the smaller settlements towards the capital.The average credit taker works in the sphere of informational technologies and telecommunications or the state administration and finances between 80% and 90% of the buying of a real estate with loaned capital.The people more often draw credit in EUR for a term... more

Logistics Park Varna Gets Bulgarias First Class Investor Certificate 11/03/2008
Logistics Park Varna got a first class investor certificate on April 25. The centre is being set up in the industrial zone of the coastal city of Varna. Upon completion it will have built up area of over 80 000 sq m. The centre will have storage areas, office space and retail centres meeting international requirements. FairPlay International and Bulgarian Property Developments feature among the project investors.   Construction works started a month ago, mediapool.bg reported. The project will be carried out in three phases. According to plans, the first phase should end by March 2008. First class investor certificates guarantee companies state aid for infrastructure developments related to the project. more