Illegal Constructions In Bulgarias Iskur Dam Region To Be Torn Down 10/03/2008
The Directorate for National Construction Control (DNCC) issued 18 orders for the removal of illegal constructions in the Iskur Dam region. Once these orders are enforced, owners will be asked to tear down the building voluntarily, DNCC representative Krasimir Petkov said. In March DNCC issued nine orders and nine more were issued in May, so that their total number reached 18. Five of the buildings are grouped together to form a vacation village. Sofia municipality is inspecting all of the constructions in the region and will decide which of the buildings are illegal in the near future. In case more illegal constructions are found, DNCC will issue further orders, Petkov said. more

Getting The Best Rental Returns From Property Abroad 01/07/2008
Getting the Best Rental Returns from Property AbroadSo, you want to invest in overseas real estate?  You want to derive a profit in the form of an income?  You want to get the best rental rates and enjoy the longest rental period possible?  Okay, so where do you buy? In this article we look at getting the best rental returns from property abroad by buying in the ‘right’ location where you will get year round interest and have the potential to generate year round profits. There are four criteria that can be applied to the search for the perfect overseas property for rental returns and they are: buying in a place where there is a chance for a dual sports season, buying in towns and cities with strong cultural appeal, purchasing property where there is guaranteed year round sunshine or... more

Competition Mounts In Euro Property Market 14/03/2008
The European property market is facing increased competition from some emerging property hotspots in other parts of the world. The International Herald Tribune reports that countries in Africa and South America are attracting higher levels of interest from foreign property investors. It says their ability to offer the sought after combination of sun, sea and sand as well as easy access to major cities is helping them to rival their European counterparts. Morocco in particular is proving a popular destination and is fast catching up to the likes of Spain and Portugal as a top choice for foreign property investment. Comparatively low prices are a big attraction to buyers and an increase in the number of tourists visiting the country is fuelling demand for rented accommodation, which... more