Bulgaria To Attract More Irish Tourists 17/04/2008
Overseas property investors could be set to benefit from growing tourism in Bulgaria. According to the Novinite news agency, the eastern European country is becoming especially popular with holidaymakers from Ireland. Petar Kandilarov, governor of Varna, was quoted as saying that the number of Irish visitors could possibly double in 2008. This is likely to be a positive development for owners of rental accommodation in popular Bulgarian holiday resorts such as Bansko. Increased tourist numbers will lead to greater demand for temporary lodgings across the country, which in turn allows investors to collect higher returns. Official figures cited by Novinite show that 90,000 Irish holidaymakers visited Bulgaria last year. The predictions comes just officials in the UK forecast... more

World Superstars Boost Sofia Property Prices, According To Obelisk 14/03/2008
James Gonzalez, Market Analyst at Obelisk comments, "Luxury properties are still within an affordable range for many overseas buyers, compared with more traditional markets (such as Spain or Portugal). A luxury apartment in Sofia's commuter belt averages around 135 000 euro - you would be hard pressed to find a good apartment in the Costa del Sol for that price." more

Uk Fund Invests In Holiday Village Near Bulgarias Bansko 13/03/2008
UK investment fund Lewis Charles Sofia Property Fund will provide finance for the construction of a holiday village near the village of Banya, not far from the Bulgarian ski resort of Bansko. The fund already signed a contract with Bulgarian Winslow Developments to regulate and develop the project, Bulgarian National Radio (BNR) reported. The project in Banya envisages holiday village including tennis courts, pools, spa centres, a restaurant and bars. The deal will generate earnings of nearly 113 million euro, Winslow Developments said. The company operates on the real estate market and so far implemented several projects in Bansko. In July 2006 Winslow developments set up a joint venture with the investment fund of Deutsche Bank, PREEF aiming to develop a project for the... more

Bulgaria Tops Themovechannel Chart For Hot Property Destinations 14/03/2008
Real estate in emerging locations proved to be massively popular again in January on TheMoveChannel.com's top 10 list of hot investment properties, with far-flung destinations dominating the site. January's top ten proves once again that investors are shunning well-established markets like Spain and France, preferring instead to take calculated risks on cheaper properties in expanding markets across the globe. Last month's top property came from Bulgaria, and this month there's been no change. This month's major surprise was, however, the popularity of apartments in Albania, particularly apartments in Tirana, Albania. With most investor interest focused on Eastern European markets like Bulgaria, Romania and Slovakia, Albania is shaping up to be this year's... more

Norwegians Invest In Housing Estate In Dupnica Town Near Sofia 18/03/2008
Norwegian investment fund will put 8 million EUR in construction of housing area on the site on former barracks, already useless, in Dupnica town, 80 km from Sofia. With the intentions of building new housing estate area expels the idea of construction big business zone ‘Dupnica - Rila - Kocherinovo'. This project was worked out by the three municipalities and approved for financing by FAR program for the amount of 28,000 EUR. more