Money - Abroad Facing The Bulldozer? | The Daily Mail Are Britons' Dream Homes | Britons living in Bulgaria. Guide to Bulgaria, Sofia and Varna

2/29/08

Money - Abroad Facing The Bulldozer? | The Daily Mail Are Britons' Dream Homes

Are Britons' dream homes abroad facing the bulldozer? | the Daily Mail
With low house prices and pleasant climate, Bulgaria is one of the fastest-growing destinations for Britons looking for their place in the sun.

A number of Britons invested in the 120-home complex, which boasts swimming pools, spas, restaurants and an exclusive beach. Baby survives after falling on to rail tracks after mother gave birth in moving train's toilet4. But the Worldwide Fund for Nature has persuaded officials to revoke planning permission because they claim it breaches European Union environmental rules to build the resort in the park. But they have been warned to think twice, amid fears that they may be pouring their money into homes which can end up being demolished. But this time it was different because the baby was for a Sikh couple... Environmentalists have clashed with the developers of a five-star resort called the Golden Pearl, which was built in a Bulgarian nature park called Strandzha. Gordon Brown gives supermarkets one year to start charging for plastic bags ... He insisted the investors should not worry about their money and is hopeful construction will be completed. He said: "I don't think our clients have anything to worry about. In all, 67 Britons have invested in the site. It is a lot of money and I don't want to lose it."E&D Agency, based in Kilburn, North West London, is one of three agents which has been marketing the Golden Pearl properties to British investors. Manager Anatoli Ivanov said the firm had helped 20 to 30 British investors to buy homes in the block, which was close to completion when the row erupted. Military chiefs to pull Harry out of Afghanistan after his cover is blown3. Mrs Smith, 44, said: "We thought after EU membership it will go up in value, but is seems EU rules have put the whole thing at risk." Another investor, Caroline O'Connor, said: "I am definitely nervous. Question marks have also been raised about other newly-built developments on the Black Sea coastline and the popular local ski resort of Bankso. Shackles found in 'torture' dungeon at children's home in JerseyMore detailed results » Email newsletterWith low house prices and pleasant climate, Bulgaria is one of the fastest-growing destinations for Britons looking for their place in the sun. The contract allows them to ask for their money back, if they want." But Stuart Law, managing director of property investment specialist Assetz, said: "Do not believe that every new market is safe. The developer decided to appeal the order in the Supreme Administrative Court, while continuing with the construction.In November 2006, the court decided that the minister's order is valid and should be followed. The question is who are you dealing with? The teen party where 50 yobs trashed the house and even drugged the family puppy2. The typical price is about £40,000 to £50,000, with buyers usually required to put down a 30 per cent deposit to secure a property. The WWF has written to the European Commission asking it to step in and order the development to be flattened. Those homes have planning permission and bring much needed work prospects to the people of Bulgaria. Tina and Lee Smith, from Southend, bought a £50,000 flat at the Golden Pearl as an investment. Yes, Bulgaria fortunately still has a lot of natural riches. Yesterday it warned that the Golden Pearl is not the only complex attracting the interest of foreign investors which can be facing the bulldozers. You have to be extremely careful." Share this article:What is this?Digg it|Del.icio.us|Reddit|Newsvine|Nowpublic Add your commentComments (3) Here's what readers have had to say so far.

0 comments:

Template Design | Elque 2007