Rural House In Excellent Condition - ID 3543

Spa Tourism Potential Hikes Property Prices In Bulgarian Resorts 14/03/2008
Growing interest in the construction of spa centres resulted in increased real estate prices in some popular Bulgarian spa resorts. Spa tourism remains relatively undeveloped but has considerable growth potential, 24 Chassa reported. At present the most profitable investment was buying hotel in a spa region, the newspaper said. According to imot.bg, Velingrad was the town with highest spa hotel development potential. The town offers over 20 hotels at an average price of 675 euro a sq m. Buildings in need of additional repair work are usually sold for 250 euro a sq m. Pomorie offers the most inexpensive hotels with average prices around 600 euro a sq m. Apart from hotels, investors show interest in purchasing old houses later renovated into small but high-quality spa centres.... more

Balkan Property Market Is Thriving, Greece Lags Behind Report 10/03/2008
Greek property market misses a considerable investment volume each year due to its “immaturity,” Greek business daily Imerisia reported, as quoted by investor.bg. An underdeveloped market and state policy toward business, as represented by high tax rates, expensive red tape and lack of robust legislative framework, curtails private incentive. At the same time, other Balkan countries are undergoing a rapid development, attracting significant foreign investment, the daily claimed. Global Finance, a Greek fund manager, has recently announced its intention to set up a new fund, planning to raise 350 million euro for projects in Ukraine and West Balkans, in addition to its existing 500 million euro fund that covers the Balkans Greece has dropped out of their investment prospectus... more