Bulgarias Ski Resorts Expand 09/03/2008
The construction boom that began in Bulgaria’s resort of Bansko a few years ago is rapidly being matched by that in the other two main Bulgarian ski resorts, Borovets and Pamporovo, according to an article in Bulgarian-language daily 24 Chassa. The increase in prices had attracted an increasing number of investors. The municipalities “willingly” issued permits but the resorts were becoming over-saturated. Samokov municipality had issued 18 permits for the construction of hotels and villa complexes in Borovets ski resort, 24 Chassa said. Some of the property already had been sold before it was even built, 24 Chassa said. Samokov municipality would invest nine million leva in infrastructure at Borovets. Construction of new lifts would probably begin in the autumn, the article... more

The Momentum Is Building In Bulgaria 19/03/2008
- as it continues to make improvements to basic infrastructure in preparation for EU accession. For property investment in Bulgaria to take off, it is absolutely paramount that progress is made in terms of accessibility. Currently, the potential of property investment throughout Bulgaria is quite discernibly stunted by the fact that it is still much easier to fly to rival destinations including France, Spain and Cyprus. According to the Sophia Echo, however, this is beginning to change, with a Norwegian low-cost air carrier beginning flights from Oslo to the Bulgarian Black Sea cities of Varna and Bourgas from May this year. Air Shuttle AS will become one of only a handful of companies to offer such a service, but it is likely to pave the way for many more. As his been observed on... more

Direct Investment In European Warehouse Space Down To 15b Euro In 2007 Report 28/03/2008
Direct investment in warehouse areas in Europe dropped by 12 per cent to 15 billion euro in 2007, according to a recent report by Jones Lang LaSalle (JLLS) consultancy, as quoted by investor.bg. Despite the diminishing volume, the 15 billion euro figure posted last year, marks the second strongest year on record for the segment. Investment in United Kingdom, currently the largest market for warehouse space in Europe, has declined by 35 per cent to 4.3 billion euro in 2007, whereas investment in Germany, the largest market on the mainland, did not register any surprising upheaval, going upby five per cent and reaching 2.3 billion euro, the JLLS report said. France has more than doubled its performance in the segment – investment there stood at 1.86 billion euro in 2007. More than one... more