House Price Increase In Bulgaria Highest For Europe, Second World-wide 30/04/2008
According to data published by Globalpropertyguide.com, house price increases in Europe over the past year ending in Q4 of 2007, were highest in Bulgaria. Bulgarian houses increased by 34.61 per cent, closely followed by Poland with a 33 per cent increase. House prices in Estonia increased by 23.38 per cent. Prices in Sweden, Lithuania, Cyprus and Estonia increased by between 11 and 19 per cent. Increases in other European countries were in the single digit range, with Portugal, Latvia and Ireland reporting house price decreases. According to investor.bg, only Shanghai reported a higher house price increase, at 35.4 per cent. The housing market in East Europe was showing signs of a slowdown, partially because of an end to the buy-to-let boom, but more so because of price increases,... more

Eastern European Countries Keep Attracting Investors 01/05/2008
Foreign investors are continuing to snap up property across eastern Europe, industry analysts have stated. According to NuBricks.com, the region has experienced considerable economic growth during the past ten years. As a result, countries such as Bulgaria have become very popular with property buyers who want to collect good returns on their investment. The website stated that much of this growth has been driven by the European Union, as this has helped guarantee that their services, legal system and living standards are comparable to established markets such as France. NuBricks.com said: "Entry into the EU and adoption of the euro currency has been an obvious precursor to major growth in property prices and commodity consumption." The online portal added that countries including... more

Active Construction Works On The Southern Seaside Continues 02/04/2008
An endless serial of building sites and cranes, diggers and trucks is the view welcoming every visitor of the Southern Bulgarian seaside in the beginning of April.   The new building are optimally close to each other, so instead of beautiful view to the beach and sea waves, the tourists in 4 and 5 star hotels could see only buildings in construction process. If there is no building over certain terrain, it is extremely polluted - from usual plastic bottles to building wastes and scraps. The national direction of construction control makes examinations of the illegal construction by the coastal sea line. 193 orders for removing of illegal constructions on the beach stripe have been issued to the moment this year. The main violations of the law are connected with entertainment places. more