Chedi Luxury Hotel Brand Coming To Bulgarian Golf Resort 17/07/2008
GHM, the owner and manager of a hotel portfolio of highly regarded properties such as The Datai and The Setai, said it would open a hotel in Bulgaira under its upscale brand Chedi. The local Chedi hotel will be part of the Thracian Cliffs golf resort near Kavarna on the Black Sea, resort manager Josef Halbherr said.In addition to the 60-suite boutique hotel, the Chedi complex in the resort will also feature 30 villas and nine apartment blocks. The GHM-managed complex should be completed in two years.The 150 ha Thracian Cliffs Golf&Spa resort will be built in three phases. The first, currently underway, will deliver a golf course with 18 holes, nine of which will be playable by mid-2009, hotel, villas, yacht marina complex with resort apartments and inland apartment buildings.Another... more

Bulgarias Seaside In For Long Summer The Telegraph 12/05/2008
Poor infrastructure, polluted beaches, low standards of construction, noisy building sites, poor service and bankruptcies will put Bulgaria's Black Sea resorts under pressure this summer, British newspaper The Telegraph reported on May 9. Problems with the power supply, refuse waters and pollution have persisted last summer and have made an appearance this year already, although the tourist season is yet to start properly, the paper said. "Much of the infrastructure along the coast – including power supplies – was built 20 years ago and was designed for far fewer holidaymakers. The water treatment system at Golden Sands can successfully service 15 000 people, but not the current 40 000," The Telegraph wrote. Despite re-assurances from local authorities that a host of projects... more

British Buyers Buying Property Abroad And Renting In Uk 27/03/2008
It’s not just first time British buyers who are looking abroad for their property fix, an increasing number of Britons are making the conscious decision to sell in the UK to buy abroad and rent in Britain.  Meet the Barby – someone who uses overseas property markets to get ahead, well aware that they can rent in the UK for less than they can buy now that the British property market has become ridiculously overpriced. At a time when UK landlords are being forced to admit that often, their rental income is falling far short of their mortgage payments and that nowadays, property price appreciation cannot be guaranteed, it’s no wonder that savvy British buyers are buying property abroad and renting in the UK. The ‘Emerging Trends in Real Estate Europe 2008’ report by... more