Winslow Developments Secures 72m Leva Loan For Residential Project 09/04/2008
Investment firm Winslow Developments has secured a loan of 72 million leva from Raiffeisenbank Bulgaria to fund the construction of the first stage of its Winslow Gardens residential project in Sofia's Manastirski Livadi borough, investor.bg reported. The loan has a maturity of 42 months, investor.bg quoted the bank as saying. The developer plans to start work on the first stage of the gated community, which will cost 105 million leva and is scheduled for completion in mid-2010, later this month. Despite that fact, last week the company said it has sold 60 per cent of the apartments in Winslow Gardens off-plan. Some 80 per cent of the acquisitions were by Bulgarians, most of them young families with children. Unlike other real estate projects, built for investment purposes,... more

Winter Sports Fans Snapping Up Property In Ski Resorts Are Driving British Interest In Bulgaria And Canada. 20/03/2008
The latest Global Property Hot Spots league compiled by currency specialist HIFX has shown enquiries for cash aimed at purchasing homes in the pair of increasingly popular destinations for British skiers rose substantially in February. Interest in Canada rose by 66% during the month, while enquiries for Bulgaria increased by 17%. But both continued to hold a far smaller proportion of all enquires – 9.4% for Bulgaria and 2% for Canada – than old favourites Spain and France, which attracted 25.25% and 17.8% of all interest respectively. Interest in Australia, which had risen rapidly in January, fell back substantially – dropping by 63% to 10.6% of all enquiries – while demand for the United Arab Emirates, home to Dubai, fell 79% to 1.5% of all enquiries. Bulgaria's reputation as... more

More Brits Looking To Overseas Property Investment 19/03/2008
Greater numbers of UK property investors are looking overseas for promising opportunities, according to one expert. Inlight of the recent changes in house price inflation reported from anumber of quarters, Britons are increasingly considering property investment in both foreign emerging markets and "hotspots", Mark Bodega of foreign exchange specialist HiFX stated. Headvised those looking at overseas investments to carry out thoroughresearch and practice due diligence before buying a property. "Wealways [recommend] that if people are investing, they seek independentadvice; don't use the solicitor or legal people that are recommended toyou by the developer," Mr Bodega went on to comment. In related news that may be of interest to foreign property investors,research carried out... more