Investors Urged To Look In 'less Obvious' Markets 11/04/2008
People who are considering purchasing a foreign property have been advised to consider looking at an emerging market. FirstRungNow.com said those who are purchasing with the intention of generating wealth could find less-established locations more suitable than traditional countries. The website stated that investors overlook countries such as Spain and France and consider "less obvious" options instead. Eastern Europe was highlighted as one region that could generate strong returns, along with property in Turkey. This is because the housing markets in these countries are all growing at a much faster rate than those in the more established property markets. Therefore, property owners could potentially earn a considerable profit if they choose to sell up at a later date.... more

Masterbuild To Construct Villa Communities Near Pomorie 27/03/2008
The Bourgas-based building company Masterbuild Ltd will develop holiday complexes in the village of Kableshkovo and Medovo near Pomorie, company representatives said, as quoted by Dnevnik daily. The Medovo holiday community will cover a 100 000 sq m plot, embracing 64 residential buildings with housing units ranging from 95 to 214 sq m in size. The gross actual area of the compound is calculated at 16 500 sq m. Masterbuild representatives said that work on the Medovo compound should start in late March, once financing and planning approval issues are settled. Completion is expected by the end of 2010. The company also plans to construct the Golf Village complex near Kableshkovo, an area where a golf resort development is planned. The development in question is the notorious Black Sea... more

Energy Busters 14/03/2008
Real estate development is a lucrative large-scale business. So it's unsurprising that some greedy investors have an interest in exploiting every square centimetre of their plot. Unfortunately, this attitude undermines the appeal of a building as well as the comfort and happiness of its residents. The sector's rapid development, particularly the "get rich quick" opportunities in Bulgaria, resulted in developers failing to heed the importance of quality construction. Thankfully, more intelligent investors are emerging who realise that sensible planning and energy conservation do not necessarily clash with the search for profits. Revised building regulations Legislation has also propelled change. Amendments to the Law on Regional Development, approved in 2006, stipulate that... more