King Sturge In Talks With A Local Company To Land In Bulgaria 31/03/2008
UK-based international property advisory King Sturge, which declared its intention to enter the  Bulgarian market, as previously reported, has already chosen a local partner – ProCon International property consultants, Yani Stoimenov and Andreana Petkova, managing partners in the Bulgarian company, said in a media statement. The latter were the Bulgarian representatives of another consultancy – NAI Global, but they decided to put an end to their affiliation with NAI Global as of April 1. King Sturge has been surveying property market in Bulgaria for a year and a half now, meeting different advisory and intermediary companies, Stoimenov said. Negotiations between King Sturge and ProCon International have made much progress and are expected to end by the end of May. The Bulgarian... more

Hungarys Scd Holding To Expand To Bulgaria, Romania, Croatia 26/05/2008
Hungarian property developer SCD Holding unveiled plans to expand to Bulgaria, Romania and Croatia, Hungarian newspaper Napi Gazdasag reported on May 21, as quoted by bbj.hu. In Bulgaria, in particular, it would hone its attention to office and commercial property, the newspaper quoted SCD spokesperson Peter Elkan as saying. In Romania it will focus on residential property and in Croatia on tourism. In addition, the company, which plans to list on the Budapest Stock Exchange in the third quarter of 2009, also divested Interfruct Kft Cash and Carry, a 24-unit retail chain, to financial investor Calslane Holdings. The value of the transaction was not disclosed. The company, which rejigged its strategy last year, plans to form project companies for its projects in individual countries... more

Using Your Overseas Property To Pay Off Your Uk Mortgage 30/04/2008
Well, well, well, the irony of it all!  Who would have thought that there would come a day when you would be considering releasing the equity in your European second home to pay off your UK mortgage! Gone are the days it seems when Brits were happily re-mortgaging their British property to buy a home in the sun; today greater numbers of us are more likely to be cashing in the money we have overseas in real estate to get a better mortgage deal on our principal residence back in the UK. Now that the credit crunch has become a tangible reality rather than just a media label, UK homeowners are starting to realise that the greater issue does actually affect them.  It is affecting them in terms of the mortgage deals they can no longer get, and in terms of the increasing division between... more