Advantageous Offer - ID 1750

Eu Entry Makes Bulgaria Attractive To Second Home Property Seekers 11/03/2008
Foreigners buying property in Bulgaria are aware of local regulations since in most cases they use the services of Bulgarian companies that deal with legal issues, representative of Home for You Ivan Goranov said. Goranov responded to an article that appeared in Daily Express saying that a number of British property seekers were cheated in Bulgaria. Problems occurred since foreigners do not own the land on which their apartment or house is built. The Daily Express article is exaggerated, Goranov said. Bulgaria is turning into a top property investment destination and interest towards it increases. The country managed to move ahead Spain and Turkey as an attractive investment destination. Foreigners, especially British property seekers, know regulations and use the services of... more

Israelis To Buy Land In Bulgaria For 37 Million Euro 12/03/2008
Israeli construction and investment company BSR Europe has reached an agreement for the purchase of close to 80 000 sq m of land in Bulgaria for 37 million euro, the company announced. BSR Europe has partnered for the deal with a European investment fund for real estate. The company refused to name the fund or the exact location of the land, saying these details would be announced separately, investor.bg said. On the land a complex with housing, offices and retail areas with a total floor space of 230 000 sq m would be constructed, the company said. Israeli publication Globes said BSR Europe would own 42.5 per cent of the project, which according to preliminary calculations would be worth 200 million euro. BSR Europe had additionally reached an agreement for the purchase of... more