Velingrad Attracts Investors Interest 02/04/2008
Land and residential space in Velingrad, in south-western Bulgaria, almost doubled their values for a year, prompted by growing interest from developers, Stroitelstvo Gradut (Construction and the City) weekly reported. The turn of 2008 saw a surge of investor interest to spa tourism in Velingrad area. There was a significant interest in buying rural and forestry land with the purpose to invest in apartment complexes and hotels, the weekly said. Currently, agricultural land in the region trades at 15 euro a sq m on average, in certain cases reaching as much as 120 euro a sq m, which is a remarkable rise on previous year – in January 2007 farming land was offered at 15 leva a sq m.   The town master plan is currently being amended. It envisions a future growth of the urban area in the... more

Overseas Property Market To Attract City Money In 2008 19/03/2008
Overseas property will be the focus of City bonus investment next year as well as prestigious locations in the UK Property experts are confident that Christmas bonuses will still be spent on bricks and mortar, despite the gloomy outlook in the financial and property markets. However, it will be the overseas property markets and more prestigious locations in the UK that will benefit most. Despite forecasts that London's City workers might see their seasonal bonuses diminish by an average 16%, the pot still is estimated to reach Ј7.4 billion, and a substantial amount will be spent on property. But next year, property experts believe over 70% of the money invested in property will be channelled overseas. 'We have seen a 17% rise in enquiries this month, as workers focus on... more

440 000 British Tourists Visited Bulgaria In 2007 14/03/2008
Around 440 000 British tourists visited Bulgaria in 2007, the UK Ambassador to Bulgaria Steve Williams said at a meeting with Varna mayor Kiril Yordanov on February 19. He added that the British "colony" in Bulgaria is increasing all the time, although he has no statistics for their exact number. According to the diplomat, they may number about a thousand. Ambassador Williams added that many Britons own properties in Bulgaria but do not live permanently in the country. The Varna mayor of Bulgaria's sea capital reported that they had discussed possibilities for twinning Varna with a harbour city in the UK. The Varna mayor of Bulgaria's sea capital reported that they had discussed possibilities for twinning Varna with a harbour city in the UK.  more