Nice Rural House Near Varna - ID 3257

Bulgaria's Varna Second Most Economically Developed City In Bulgaria 19/03/2008
The high economic growth of Bulgarian coastal city Varna in recent years placed it in second position in economic development. From 350 000 people, the city’s population grew to more than half a million in recent years, according to data of regional more

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