New Houses In Varna - ID 2513

Bulgaria Loses Appeal As A Property Hotspot Financial Times 14/03/2008
In their search of high yields and satisfactory capital raise, entrepreneurs have set their sights on quite out-of-the ordinary destinations like the districts surrounding Mongolia's copper mines or western Canada's oil reserves, as the newer investment areas such as Cape Verde, Morocco and Bulgaria have started to overheat, a recent Financial Times (FT) report says. Rightmove.co.uk property search engine shows that interest in Bulgaria has dropped by more than one third since January this year. Real estate prices in Bulgaria have risen by more than 30 per cent in 2007 and in the last three years alone, they have posted almost a 300 per cent growth, according to some analysts. However, after the initial boom, when property market witnessed a surge of investors, drawn by... more

Property Deals With Bulgarians Living Abroad Increase By Ten Per Cent 12/03/2008
Bulgarians working and living abroad rank among the main residential property buyers in Bulgaria in the summer. Real estate agency Address registered a ten per cent increase of such deals on annual base, investor.bg reported. Bulgarian clients living abroad are divided into three groups depending on their jobs, brokers said. The first group includes Bulgarians working in Europe on low or average positions willing to invest in residential property. Usually they buy two or three bedroom apartments in which they plan to move in several years. They are aged between 25 and 35, single or married with one child. The second group of clients includes people aged over 40 who have legal income and foreign citizenship. They focus their interest on houses near big cities in Bulgaria where... more