Off-plan Property Investment A Favourite With U.k. Buyers. 19/03/2008
Research carried out by The Homebuyer Show found that more than 90 per cent of experienced investors had either purchased property off-plan or were making plans to do so in the future. While stressing the importance of research and careful decision-making, 70 per cent of these investors "firmly believe that buying off-plan can represent a good investment opportunity in the current market". One of the key advantages of this kind of property investment is that the value of the property can often rise dramatically before the house or apartment is completed. This means that investors can make considerable gains before the keys are even handed over and it is a prospect that clearly appeals to a large number of shrewd Britons. It is a scheme that has particular benefits in emerging... more

Cabinet Plans Amendments To Concession, State Properties Laws 14/03/2008
The cabinet will propose amendments to the legislation regulating concession contracts, state properties and coastline control in order to promote public-private partnership, Prime Minister Sergei Stanishev said at a news conference after a meeting of the Council for Coordination, Control and Implementation of Infrastructure Projects of National Importance. The news conference was attended by Finance Minister Plamen Oresharski, Economy and Energy Minister Peter Dimitrov, Transport Minister Peter Moutafchiev, Regional Development and Public Works Minister Assen Gagaouzov, and Environment and Water Minister Djevdet Chakurov. The planned changes will allow longer concession periods, which are currently limited to 35 years, and rents of state-owned land. "A total of 3.43 billion euro has... more

Overpopulated Resorts In Bulgaria A Setback For Tourists 10/03/2008
The state failed to impose efficient measures to prevent hotel construction growth in Bulgaria's seaside resorts, resulting in a decrease in prices and demand. As the state proved incapable of restricting new construction in the resorts, the private sector found another way of dealing with the problem, starting to explore tourism possibilities in areas away from the large resorts, Capital newspaper said. Hotel owners said that the big resorts like Sunny Beach and Golden Sands no longer have development potential. Although four and five-star hotels are half-empty, investors keep on constructing new ones. With over 200 hotel construction projects in Sunny Beach, most investors now prefer small-sized projects in less constructed and yet unexplored areas of the seaside, Capital... more