Land For Sale - ID 1503

Local Property Market Sways Between Britons And Russians 21/04/2008
The Russians gave an eye to Bulgarian properties and more precisely to local resorts. The British expansion of buyers that started 4-5 years ago quiets down, but it is continued by the Russians. The change of interest towards Bulgarian lands was commented by the participants in the discussion for the market of vacancy properties by the time of the press conference BalRec. The reason for the Russian interest is the deep similarity between Bulgarians and Russians - very close culture, language likeness, common history, believes Joseph Halber, managing director of ACR Hotel Experts. On the other hand Dimiter Savov, executive director of local investment fund Bulgarian Land Development (BLD), opposed to the tendency of brokers and purchasers to accentuate over Russian buyers as... more

British Interest In Bulgarias Property Market Still Unusually High 14/03/2008
Inexpensive property continues attracting British buyers to specific countries in Europe, Macedonian newspaper Vreme reported quoting a BBC report on Bulgaria. Yet, reality was different from the expectations of foreign buyers, the report said. Formerly communist East European countries failed offering major investment return opportunities. A number of investors were not careful enough, which could lead to the loss of significant amounts of money, Vreme reported. While Britain was planning to introduce labour market restrictions for Bulgarian and Romanian workers upon the EU entry of the two countries, British buyers were increasingly attracted by Bulgarian property. British bakers predicted that a quarter of all mortgages taken by 2020 will be needed for the purchase of... more