House for sale near Varna - ID 3858

Nearly 40 000 Uk Citizens Own Property In Bulgaria 12/03/2008
Almost 40 000 Britons currently have property in Bulgaria and the demand remains sufficiently high to lead to a steady price increase.   UK daily The Independent said that Bulgaria featured as one of the most attractive destinations for property buyers where one could still buy flats worth 34 000 euro.   Brokers quoted by the paper however warned that investors should no longer expect quick and easy returns.   It is increasingly difficult in the UK to gain profit from property deals on rental purposes. Interest rates in the UK increased five times from 4.5 per cent to 5.75 per cent while rental prices grew insufficiently.   This is the main reason why Britons search for investment opportunities in Eastern Europe and especially in new European Union member countries like Poland... more

Residential Property Prices In Bulgaria To Increase 10 Per Cent By End Of 2007 11/03/2008
Residential property prices in Bulgaria’s large cities are expected to increase 10 per cent by the end of 2007, predictions of real estate agency ERA Bulgaria show. Residential property prices in Sofia went up 16 per cent in the first quarter of 2007 and those in Varna 18 per cent as compared to figures for the last quarter of 2006, ERA managing director Teodora Dimitrova said as quoted by investor.bg. For the same period, vacation property prices at the Black Sea and winter resorts increased 22 per cent. The average price growth for the first six months of 2007 reached 25 per cent in some of Bulgaria's bigger towns. Mladost and Vuzrazhdane residential district in Varna and some regions of Sofia saw 25 per cent increase, Dimitrova said. The average price growth of... more