Where To Buy A Family Home In Bulgaria 15/05/2008
Where to Buy a Family Home in BulgariaIn all the talk about Bulgarian property that has been ongoing for a good few years, the focus has generally always been on investment property and where to buy real estate in the nation to let to the tourism market or to buy off plan and flip for capital appreciation.  Little consideration has been given to where to buy a family home in Bulgaria. Because the country is now so easily and affordably accessible and is a member of the European Union, it is a location on the radar of the increasing number of Britons considering expatriating to live abroad to find a better life.  Therefore we thought it was high time that some proper consideration was given to attractive locations for living in in Bulgaria. The coastal towns of Byala and Obzor are... more

Indian Owners Suspend 70m Euro Project Near Sozopol 10/03/2008
Three Indian entrepreneurs, who have announced earlier their intention to invest more than 70 million euro in building a 30 000-residents town near the Sozopol’s village of Rossen, have had to suspend their plans, Standart daily reported on February 19 2008. The large-scale undertaking has been put on hold after local farmers filed a lawsuit with the Bourgas administrative court against the changes to the village's zoning plan. The Green City, projected to spread 350ha, would feature dozens of deluxe five-storey hotels, residential complexes and single-family houses with their own swimming pools. A special area will be allocated for breeding animals, growing crops and flowers – thus offering original pastime to holiday-makers who will have the opportunity to acquire skills in... more

Banks Tighten Purse Strings For Holiday Property Investors 10/03/2008
Having already cut down on loans for coastal holiday developments, Bulgaria's risk-averse banks are now doing the same investors trying to raise funding for ski resort projects, Dnevnik daily reported on March 7. One of the reasons is the sharp decline in the uptake of resort holiday homes over the last 7-8 months, caused to some extend by the pullback of British home buyers. Financial institutions have been shying away from ski resort developments in the past several months, Bulgarian Properties manager Nikola Stoyanov said, as quoted by the paper. Krasimir Dimitrov from property developer Source concurred, saying that the banks were being too cautious. According to Tihomir Toshev from Creditex, an Address Group company, it would be an overstating to say that loan-financing... more