Sozopol Properties for sale

Large Players Head For The Northern Black Sea Coastline 15/03/2008
In an attempt to attract affluent tourists, local business people have opted for luxury construction at certain destinations along the northern coastline, which have not yet suffered the consequences of over-construction, Standart daily reported. These are some of the projects under development:  ** July Morning, a seaside resort, which will spread over 95 000 sq m of beach-front sea land, situated next to Kavarna. This will deliver about 400 apartments. Construction is expected to start in spring. The investor is Bulgarian Land Development, headed by Dimitur Spasov. ** Harmony Hills in Rogachevo village, near the Albena resort. ** Holiday villages near Kranevo and Obrochishte. ** А hotel in Kavarna area, owned by Nikolin Gavrailov, managing director of the NVG Group that... more

Office Property Market In Bulgaria To Continue Growing Report 12/03/2008
Though it was unpopular until 2003, the Bulgarian office property market is growing and is expected to evolve further, Landmark Property management board chairman Richard Macdonald said. Macdonald took part in the first ever property international press tour in Bulgaria. Sofia Echo Media and Central European Property Investment Forum (CEPIF) feature among the organisers of the event. Sofia already boasts various office property projects and a number of others are in the process of being completed, Macdonald said. Some of the major office property projects in Sofia include Lozenets Expo, Business Pak Sofia, Business Park West and the developments alongside Bulgaria and Tsarigradsko Shousse boulevards, Macdonald said. Vacancy rates have fallen dramatically, he said, though no... more

Eastern Europe 'in Danger Of A Hard Landing' - Daily Telegraph 11/04/2008
Eastern Europe faces the growing risk of a ''hard landing" as the world's financial crisis spreads wider, with serious spill-over dangers for Scandinavian, Italian and Austria banks that have lent heavily to the region, the IMF has warned. Current account deficits have reached extreme levels across much of the ex-Soviet bloc, hitting 22.9pc in Latvia, 21.4pc in Bulgaria, 16.5pc in Serbia, 16pc in Estonia, 14.5pc in Romania and 13.3pc in Lithuania. "Eastern Europe has a cluster of countries with current account deficits financed by private debt or portfolio flows, where domestic credit has grown rapidly. A global slowdown, or a sharp drop in capital flows to emerging markets, could force a painful adjustment," said the fund in its Global Financial Stability Report. The IMF... more

Making Money From Property Abroad Even Now 21/04/2008
It is simply not true that you cannot make money in a downward market – ask any real estate investment professional and they will tell you the same thing.  In fact, some will be so bold as to say a market downturn is the ultimate time to make the most money! So, if you’re thinking of looking overseas for real estate here’s how you can be making money from property abroad even now… 1) You make a good or a bad investment decision at the point of purchase not at the point of sale!  You may think you make your money when you sell, but in reality you’re setting yourself up in profit terms at the point of purchase because if you pay over the odds for a property you will find it harder to cover costs with rental income and you will find it harder to reap capital appreciation. 2) You need to... more

Municipal Housing Prices To Go Up 10/03/2008
The sale and rental prices of municipal apartments should reach current market levels, according to stipulations contained in the new ordinance for municipal property transactions, debated by the Budget Committee with Sofia Municipality on January 22. Municipal housing units have so far rented for an average of 66 leva a month. After the agreed price rise this will rise to 110 leva. The sale prices of municipal mansions will see a six-fold increase from 112 leva a sq m to 800 leva a sq m. more