Two storey house with big garden - ID 2895

Standstill In Local Tourism Expected 14/05/2008
The number of foreign tourists, who arrived in Bulgaria in 2007 is more than 4 million people, which is growth of 7% compared to the previous year. The incomes from tourism in 2007 are round 11% more compared to 2006, says an analysis of Bulgaria's Center for Economy Development. This way the incomes from visitations reached the sum of 2,3 billion EUR. For 2008 the money are expected to be 3 billion EUR incomes from foreign visits. The tourists are mostly from Romania, Greece, Germany, UK, Sweden and Finland. Despite the increase of the number of tourists from abroad, the tendency of standstill started to rise in local tourism. The reason comes from the overbuilding of seaside and several mountain resorts, low service quality and the shortage of qualified cadres, lack of... more

Investment In A Tworoom Apartment In Sofia Repays In 15 Years 14/03/2008
The purchase of a two-room apartment in Sofia pays off in about 15 years, according to Industry Watch’s calculations for the fourth quarter of 2007. Only three months before, i.e. the third quarter of last year, a similar investment paid off in 13 years and at the end of 2006 the repayment period was 10 to 11 years. Residential sale prices increase at a quicker pace than rentals, so accounting for the slowdown of returns on these investments, the think-tank comments. Rental levels cannot increase faster than the growth of average disposable income, Industry Watch analysts say, and they foresee that it will be one of the propellers for residential sale price correction. Housing will slow down its appreciation rate this year –  not forecast to exceed 15-20 per cent. The slight increase... more