House In A Hilly Area - ID 3024

Economic Problems Offer Opportunities To Investors 09/04/2008
Overseas property investors could be able to take advantage of the current problems in the global economy, according to experts. Currency specialist HiFX stated that the credit crunch and the resulting economic slowdown has led to some prospective investors"getting the jitters". However, the organisation said the financial problems across the world are also having a negative effect on property sellers. Therefore, people could be able to persuade estate agents who desperately need to meet their sales quotas to offer them a good deal. Mark Bodega, director at HiFX, commented: "Buyers should remember that a drop in demand will mean vendors are also feeling the pinch." However, he recommended that investors get a forward contract to fix the exchange rate during the transaction.... more

Resort Hotels Face Piecemeal Disposal 15/03/2008
The owners of some hotels on the Bulgarian Black Sea coast are revamping them into holiday home properties as concerns mount about the outlook for domestic real estate investments. The trend is especially evident in the coastal resort of Golden Sands, said local realtors. Currently, there are apartment listings at the Berlin Golden Beach hotel in the resort while the former Siren hotel is replaced by an apartment complex. The Golden Anchor hotel in the same resort is about to experience a similar transformation. There is no shortage of examples in the Sunny Beach resort either, said Dobromir Ganev, manager of the Foros real estate agency. Market watchers said hotel properties in mountain resorts like Bansko are also facing redevelopment into holiday home complexes. The trend is... more