Property half an hour driving to the sea - ID 3166

Equest Divests Of Former Serdika Hotel 18/05/2008
Days after real estate investment trust Equest Balkan Properties announced that it would sell some of its assets in Bulgaria and other neighbouring countries, it announced that it had sold the former Hotel Serdika to Uniqa Real Estate, the real estate subsidiary of Austrian insurer Uniqa, Dnevnik daily reported on May 15. Equest managing partner Georgi Kroumov confirmed the news but declined to specify the value of the transaction until the deal was finalised. This is Equest's second asset divestiture after City Center Sofia, a key shopping and entertainment complex in Bulgaria’s capital.   Although Uniqa Real Estate made an advance payment, the transaction was to be finalised only once the project for Serdika’s revamp acquired all necessary building permits, Kroumov said. The... more

Lifestyle Buyers Advised To Rent Out Homes 28/08/2008
People who have bought a second home overseas have been advised to consider the possibility of letting it out to visitors.According to Greg Grant of Holiday-Rentals, many overseas property owners are people who have bought a residence for their own personal use.However, the ongoing economic decline in the UK has meant that a growing number of people have become financially stretched, including those who own a second home abroad.This has prompted Mr Grant to suggest that people ease their financial burdens by using their property to generate money.Speaking to the Telegraph, he commented: "Those who have previously kept their homes to themselves may begin renting out to maximise income in these tighter times."Mr Grant added that the rental yields collected in a single month could cover... more