Nice Rural Property Near Dobrich - ID 3256

Bulgarian Property Prices Set To Rocket 19/03/2008
House prices in Bulgaria have risen by 27% in the past 12 months and are set to rocket further, according to the latest issue of Quest Bulgaria magazine. The September issue of the magazine says the latest forecast shows price increases of 20% this year. A steady stream of investors has made sure the Bulgarian property market is maintaining it's dynamic position. The country's National Statistics authority says that prices rose 15% in the first six months of 2007 with a 27% increase in the past year. And Address Real Estate, the country's largest agency, forecast a further increase of 10-15% for the rest of the year. Bulgaria's soaring property prices, follow the pattern of what has traditionally occurred in other countries following EU accession. But despite this, they... 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