Competition Mounts In Euro Property Market 14/03/2008
The European property market is facing increased competition from some emerging property hotspots in other parts of the world. The International Herald Tribune reports that countries in Africa and South America are attracting higher levels of interest from foreign property investors. It says their ability to offer the sought after combination of sun, sea and sand as well as easy access to major cities is helping them to rival their European counterparts. Morocco in particular is proving a popular destination and is fast catching up to the likes of Spain and Portugal as a top choice for foreign property investment. Comparatively low prices are a big attraction to buyers and an increase in the number of tourists visiting the country is fuelling demand for rented accommodation, which... more

Investors To Develop Northern Part Of Bulgarias Capital City 11/03/2008
Big infrastructure projects, including a new underground railway line, are to turn Sofia’s northern part into an attractive area for business and living. Large parks, sports and entertainment, residential developments, as well as production and logistic facilities would be constructed in the region in the next seven or eight years, Pari daily reported. “Investors are already realising the potential of the northern quarter and starting to buy land there,” Pari said. Sofia chief architect Petar Dikov said that unlike the southern part of the city, which was seeing rapid development, the northern regions needed “a long-term investment.” Investors could expect revenue in at least six years, he said. The new underground line, which will connect the northern residential... more

Bulgarian Ski Resorts Attract Property Investors 19/03/2008
Property investment in Bulgaria has an edge over a number of its European rivals in that with a thriving ski industry, it is able to attract uninterrupted interest throughout the year. Sofia currently offers some of the best options for investors, with house prices increasing dramatically in line with the capital city's rise to prominence in the European community. It is generally thought that EU accession will form the final piece of the jigsaw and that it will allow Sofia to compete with other European capitals as a commercial centre and tourist haven. Already offering good prospects because of high purchasing prices, Sofia has also proved popular in the buy-to-let sector with opportunities for extremely competitive rental income. With rental returns of up to 12 per cent,... more