Development Land With Sea View - ID 3478

Cold Feet 08/12/2008
Projects across various sectors of Bulgaria's property market are being put on hold, the main reason being the global economic crisis.The effect is not universal and some major transactions have gone ahead, including the 101.5 million euro change of hands of City Center Sofia, while new retail projects in Bulgaria's smaller cities continue to be announced. The global economic crisis is not the sole reason for the property market apparently having passed the highest vertex of its parabola, others being market saturation and frustration at administrative hurdles.A report on December 2 in Bulgarian daily Dnevnik said that tourist projects worth close to 4.5 billion leva were on hold. According to Dnevnik, investor Rila-Samokov 2004 is revising plans for its Super Borovets, which Dnevnik... 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