Foreigners Drive Up Property Prices In Melnik 14/03/2008
Property prices in Bulgaria’s southern town of Melnik and in neighbouring areas have soared due to the increased interest in the wine-growing region, Standart daily wrote on March 10. The little town and the near-by villages have recently seen a flood of Bulgarian and foreign visitors willing to buy property in the area, which in turn pushed up real estate prices in the region. A decrepit rural house sells at 20 000 leva and a better-preserved dwelling can go for as much as 40 000-50 000 leva, local residents were quoted as saying. “There are houses that are practically unsellable due to the exorbitant prices that the owners are asking. You cannot sell a ramshackle building for 30 000 leva. Some of the local residents have inflated prices to incredible levels,” locals were quoted as... more

German "heinemann" Plans Investments In Bulgaria 10/05/2008
One of the biggest operators of duty free trade in the world – the German “Heinemann” has serious investment intentions towards the Bulgarian market, writes “Pari” newspaper. The company has officially deposited its interest in a letter to the Bulgarian prime minister Sergei Stanishev. The letter is signed by Christoph Hoisser, member of the board of directors of “Heinemann” on 29 April. “Heinemann” wishes to work together with the Bulgarian duty free operators through a management contract by undertaking the overall management and control of the activity. The company intends to invest in the establishment of modern trade places at the Bulgarian land border points. “We want to participate in the development of the market by diversifying the portfolio of goods with international trade... more

Prospects For Property Markets Abroad Ernst And Young 18/03/2008
Every year professionals from Ernst & Young’s real estate group meet to discuss property based trends around the world.  From these meetings Ernst & Young annually produce a report detailing the current trends in real estate markets around the world and in investment approaches too, and they add their own observations making for informative and informed reading. This year’s ‘Real Estate Market Outlook’ report really makes for essential reading if anyone is thinking of buying a home overseas for any purpose – whether they are simply seeking a vacation bolt hole or an investment property.  Basically, everything is looking tough in real estate terms for at least the short term. According to Section 5 of the Ernst & Young ‘2008 Real Estate Market Outlook’ report, we haven’t even begun to... more