Awesome Rural Property Near Elhovo - ID 3278

Bulgaria Has Been A Disaster For Investors Romanian Property Agents 12/03/2008
In the past 30 years, Britons “have transferred their failed colonial spirit into the purchase of holiday cottages in foreign countries,” forming expat communities in Spain, Italy  France and the sunny beaches of Bulgaria. Still, David Cosgrave, representative of Romanian real estate company Off-Plan, said that “Bulgaria is over.” The country had been “a disaster for investors in the UK and Irish markets,” he said, as quoted by the Romanian magazine The Diplomat. Property prices in Bulgaria “have not grown and rental yields are low.” Winter resorts in the country have very short season and a number of apartments remain empty. “We believe agents have massively oversold Bulgaria,” Cosgrave said. Romania, on the other hand, was attractive to property investors, because demand... more

New 660m Euro Fund To Invest In Undervalued European Property 14/03/2008
British investment company Laxey Partners will set up a new fund, Terra Catalyst, which will invest in “undervalued” companies and property funds across Europe, company officials said in an interview with investor.bg. The new fund has raised about 160 million euro from institutional investors and will be listed on the alternative investment market (AIM) of the London Stock Exchange. The new entity will draw a loan from Credit Suisse to increase its investment volume to 660 million euro. It is intent on pouring most of its capital within six months after going public. The company’s executives did not specify whether the investment scope of the fund would embrace Central and East Europe. Terra Catalyst is the latest fund set up to benefit from the sudden slump in the share prices of... more