Bulgarias Property Market Reaching Saturation Point Report 13/03/2008
Bulgaria’s real estate market would soon reach its saturation point, while Romania still had options to develop, The Diplomat Bucharest reported. Some areas in Bulgaria are already over-developed, agents said. Coastal resorts like Sunny Beach experienced over-construction, which in turn affected the plans of investors. Coastal areas in Bulgaria and Romania, as well as the region surrounding the capital cities offer the best opportunities for property investors. The report, however, said that in Romania the costs are higher. Bulgaria still features as a more attractive purchase destination but profits in Romania are higher, agents said. Apart from the residential sector, other property segments in the two countries are developing. The office markets in both countries saw some... more

Buying Property Abroad In Emerging Markets 23/04/2008
The Association of International Property Professionals’ ‘International Property Market Report’ found that around 30-35% of British money spent on overseas property is spent in emerging markets.  But how is this figure likely to compare now that there is a globally understood downward trend in real estate investment? In this article we look at buying property abroad in emerging markets and try to determine whether it makes fiscal sense or not to go out and buy a home overseas in a non-established marketplace given the current fiscal situation. Clearly it can make sense to invest in property in emerging markets where the numbers add up!  I.e., where there is either short-term demand for real estate units that is surging and creating a situation where you can buy off plan and flip the... more

Arco Invest Seals 8.1m Euro Deal For Apartments In Madrid Project 14/03/2008
Arco Invest Ltd, a subsidiary of Tallinn Stock Exchange-listed Arco Vara group, has closed a deal worth 8.1 million euro with Cleves Ltd for the sale of 45 unfinished apartments and 60 parking spaces in its Madrid project, the company said on its website on March 10. Arco will receive a 30 per cent down payment within 10 days and the remaining 70 per cent are due on receiving the habitation certificate. The buyer, English company Cleves Ltd, deals in luxury rentals and has announced plans to acquire a portfolio of about 200 high-profile apartments in prime locations in Sofia, earmarking 40 million euro to that end. The company has so far invested 33 million euro in more than 150 residential units, including in the Embassy Suites on Bulgaria boulevard, as well as the Este Home and... more