Investors 'should Be Tough' 21/04/2008
Prospective investors should be tough when dealing with property sellers, according to property industry experts. Analysts at Amberlamb stated that the credit crunch has led to many developers becoming desperate to sell their houses as consumer confidence is falling. The organisation has suggested that people who are still considering an investment overseas should take advantage of this situation in order to negotiate a good deal. This, it continued, could be particularly beneficial in countries such as Bulgaria, which has seen a drop in demand in the wake of the current credit crisis. Amberlamb commented: "If you're tough on your vendor and force their hand in terms of selling low, you will still be able to profit from the property market in Bulgaria." The group added... more

Rents In Sofia From Steady High To High Up 17/07/2008
In the six month period from the beginning of the year, rental rates for residential property have increased, website investor.bg said, quoting brokers from various agencies. The professionals, however, have not been unanimous in their prognoses of how the situation would change in the second half of the year. Some say that further increase is to be expected, others do not anticipate changes.Representatives from real estate company Orange Estates predicted 10 to 20 per cent rent increase until the end of 2008, considering that according to the agency's survey, for the first six months rents have gone up close to 30 per cent. The statistics show that compared to last year, rents in Sofia boroughs Lozenets, Studentski Grad (Students' town), and Vitosha have shot up by 40 per cent, Orange... more

Bulgaria To Attract More Irish Tourists 17/04/2008
Overseas property investors could be set to benefit from growing tourism in Bulgaria. According to the Novinite news agency, the eastern European country is becoming especially popular with holidaymakers from Ireland. Petar Kandilarov, governor of Varna, was quoted as saying that the number of Irish visitors could possibly double in 2008. This is likely to be a positive development for owners of rental accommodation in popular Bulgarian holiday resorts such as Bansko. Increased tourist numbers will lead to greater demand for temporary lodgings across the country, which in turn allows investors to collect higher returns. Official figures cited by Novinite show that 90,000 Irish holidaymakers visited Bulgaria last year. The predictions comes just officials in the UK forecast... more