Foreigners Increasingly Interested In Bulgarias Spa Property Destinations 12/03/2008
The interest of foreign investors in the acquisition of property located in areas having mineral springs is growing, consultants from Home for You said. Velingrad, which has already established itself as a spa destination, is growing in popularity. Research shows it is among the top destinations for both foreign and Bulgarian investors. Agents said that Velingrad had the potential to develop into a European resort and into one of Bulgaria’s best spa resorts. Foreigners also continue showing interest in vacation property in Bulgaria’s coastal resorts. Mountain vacation property also registers interest, which tends to be strongest towards rural developments. Italian, Spanish, Austrian and German investors are showing increasing interest in property acquisition in Bulgaria.... more

Older Buyers 'considering Bulgaria' 21/06/2008
The Bulgarian property market could soon benefit from an increased level of interest from older UK buyers, it has been suggested. A study conducted by the Institute for Public Policy Research in 2006 concluded that more than three million British pensioners would live abroad by 2050. It also revealed that Australia and North America were the most popular destinations for people looking to retire overseas. However, anecdotal evidence suggests some new favourites are emerging, including Bulgaria, according to Lisa Harris of Saga Travel Money. Ms Harris explained that interest from retirees in emerging markets was "probably driven by the fact that they have recently joined the EU and house prices, whilst rising, are still extremely low so it's still possible to get a bargain".... more

New Buildings Replace Older Property In Bulgarias Capital 07/03/2008
Experts predict a construction boom in Sofia's centre. In two years at most new luxurious complexes would replace the old buildings in the capital, real estate companies said. Yavlena real estate company representative Strahil Ivanov said that the process of replacing old constructions with new ones would start by the end of this year. According to Adress Group predictions, the boom would start two years from now, when construction in the capital's suburbs would be completed. Investors prefer plots surrounded by buildings less than four floors high, 24 Chassa reported. The new complexes usually have underground parking lots to deal with the parking problem in the capital. Purchasing an old building may cause troubles like additional destruction expenses and... more