Old House Needs Renovation - ID 2731

Property Overseas: Where's Hot, Where's Not, Where's Next 19/03/2008
This time last year, we didn't even know what a credit crunch was. Now, the term laces every property conversation, along with widespread apprehension over just how far its insidious tentacles will stretch. But the year began optimistically, with the European Union's two newest members, Bulgaria and Romania, expecting to enjoy the boom that this seal of approval brings. As it has turned out, prices for off-plan properties in Bulgaria haven't soared as expected, says Robin Barrasford, of Barrasford and Bird. Currently, they remain stable. However, the resale market is seeing bigger leaps in value, with demand for resale properties up 70 per cent on last year and sellers making profits of about 45 per cent. "EU membership has brought about a measure of confidence and... more

Dramatic Increase In Holiday Homes In Bulgaria H1 2007 Colliers 11/03/2008
The total number of holiday home units in Bulgaria “increased dramatically” over the first half of 2007, a Colliers Bulgaria report showed. Supply of holiday homes in the mountain resorts increased by 52 per cent with more than 10 000 new apartments offered in the market. Nearly 80 per cent of new apartments were built in the Bansko resort and the area. Another 13 500 newly built apartments were offered for sale in the coastal resorts over the same period, amounting to a 39 per cent increase, the report said. More than one third of these new holiday homes were built in Sunny Beach. The total number of holiday homes in June 2007 exceeded 76 500. Supply continued to exceed the demand. Sales prices of resort apartments remained unchanged, between 800 and 1700 euro per sq m.... more