Land Near Sea - ID 1589

Foreigners Increasingly Interested In Bulgarias Spa Property Destinations 12/03/2008
The interest of foreign investors in the acquisition of property located in areas having mineral springs is growing, consultants from Home for You said. Velingrad, which has already established itself as a spa destination, is growing in popularity. Research shows it is among the top destinations for both foreign and Bulgarian investors. Agents said that Velingrad had the potential to develop into a European resort and into one of Bulgaria’s best spa resorts. Foreigners also continue showing interest in vacation property in Bulgaria’s coastal resorts. Mountain vacation property also registers interest, which tends to be strongest towards rural developments. Italian, Spanish, Austrian and German investors are showing increasing interest in property acquisition in Bulgaria.... more

Property Focus: Varna Vanquished Sofia 21/03/2008
Newly-built apartments in Varna were more expensive than in Sofia in 2007. This was because of the limited supply in the coastal city, Stroitelstvo Gradut weekly reported on March 10. Residential property prices in Sofia saw a greater increase than those in Varna, 45.7 and 33.9 per cent, respectively. However, the average price of new apartments in Sofia was 1043 euro a sq m, compared with 1188 euro a sq m in Varna, data from Varna-based Foros real estate agency showed. “The main reason was the lack of large-scale residential complexes that were being developed now in cities like Sofia and Plovdiv,” Dobromir Ganev, managing director of Foros agency said. “There were several gated complexes in the planning stage in Varna, but they won’t be built soon,” he said, as quoted by Stroitelstvo... more