A House In A Pretty Village - ID 1568

Buying Property Abroad In Emerging Markets 23/04/2008
The Association of International Property Professionals’ ‘International Property Market Report’ found that around 30-35% of British money spent on overseas property is spent in emerging markets.  But how is this figure likely to compare now that there is a globally understood downward trend in real estate investment? In this article we look at buying property abroad in emerging markets and try to determine whether it makes fiscal sense or not to go out and buy a home overseas in a non-established marketplace given the current fiscal situation. Clearly it can make sense to invest in property in emerging markets where the numbers add up!  I.e., where there is either short-term demand for real estate units that is surging and creating a situation where you can buy off plan and flip the... more

Bulgarian Buys The Most Expensive Estate In Australia 30/04/2008
A 25 years old internet magnate Daniel Cvetkov with Bulgarian origin has bought one of the most expensive real estates in whole Australia. The millionaire Cvetkov have paid 28 million Australian Dollars (26 million USD) for the enormous housing, which will be the biggesdt building when finished of the Golden Shore stripe, famous as the ‘Millionaire Street'. When completely constructed, the building will be estimated on 50 to 70 million USD. Cvetkov has a Bulgarian origin, but was born in  Ipswich. He has started his business with online paying at the age of 18. His business partner is Salvatore Shaka, cousin of the ex-federal minister Con Shaka. Now Danial is getting married and his father announced the building is going to be their family home. Cvetkov has bought the building... more