First Floor Of The Two Storey House - ID 1620

Managing Director Of Emerging Markets Understood Ltd. On Bulgarias Luxury Sector 14/03/2008
Simon Feek, Managing Director of Emerging Markets Understood Ltd., appraises Bulgaria's luxury sector  "For real estate to be considered "luxurious", it must possess the following attributes: -Desirable location -High specification design (high building cost) -Well-planned facilities' management model (to maintain and service property) -Desirable "lifestyle services" (concierge, other hotel services, fitness, etc) -Desirable "options" - placing a personal stamp on the property such as bespoke kitchens, bathrooms or bedrooms. -Desirable price (this is usually above the market average, without being extortionate,  so demonstrating commitment to comfort). Most domestic buyers seem to believe - falsely - that "new" equals luxury. They should exercise care, particularly with... more

Housing In Bulgaria Costs 30 Annual Salaries 12/03/2008
Almost 30 average Bulgarian annual salaries are needed to buy an apartment in Bulgaria. This made Bulgaria one of the most expensive countries in the European Union to buy a house, Dnevnik daily said. Denmark was the cheapest with only 5.3 average annual salaries. Real estate website Properazzi made the calculations for Bulgaria based on an annual income of 1884 euro (almost 3800 leva) and an average apartment price of 54 570 euro, the newspaper said. Britons who complained houses were expensive in the UK and who had been attracted by prices in Bulgaria only needed nine average annual salaries to buy a home in the UK. Properazzi representative Yanik Laklo said that “media reported that Britons could barely afford to buy any real estate, but data showed something... more