Apartments for sale in Bansko - ID 4255

Property Focus: Scanning The Crystal Ball 14/04/2008
Just a couple of months ago, Sofia Airport still featured large multi-coloured billboards, enticing the credulous and unsuspecting foreign visitor with advertisements of high-end holiday complexes, generously promising returns to the tune of 20 per cent, which seemed ludicrous. According to official statistics, holiday market yields in 2007 hovered in the five to seven per cent range, although pundits reported that returns on some developments had slid below three per cent. Frustrated by talks of plummeting yields, hefty over-supply, poor construction quality, tightened lending conditions and temporary suspension of bank finance for vacation projects, consumers are devouring every think-tank’s release on the future of this segment with almost pious devotion. The media are pursuing... more

Energy Busters 14/03/2008
Real estate development is a lucrative large-scale business. So it's unsurprising that some greedy investors have an interest in exploiting every square centimetre of their plot. Unfortunately, this attitude undermines the appeal of a building as well as the comfort and happiness of its residents. The sector's rapid development, particularly the "get rich quick" opportunities in Bulgaria, resulted in developers failing to heed the importance of quality construction. Thankfully, more intelligent investors are emerging who realise that sensible planning and energy conservation do not necessarily clash with the search for profits. Revised building regulations Legislation has also propelled change. Amendments to the Law on Regional Development, approved in 2006, stipulate that... more