Bulgaria homes bulldozer threat | This is Money
A number of Britons invested in the 120-home complex, which boasts swimming pools, spas, restaurants and an exclusive beach. Bulgaria homes bulldozer threat | This is Money // use rsinetsegs array from JSS call above.var segQS = rsinetsegs.length> 0 ? 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. 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. 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. 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. Our Spanish property dream is in ruins Overseas property hotspots for 2008 MOVING MONEY ABROAD There's a cheaper alternative to banks when moving money abroad. Question marks have also been raised about other newly-built developments on the Black Sea coastline and the popular local ski resort of Bankso. See what the experts sayProperty adviceBuy or rent a home?With property gloom in the headlines will you be better off renting or buying a home?Property pricesWill there be a house price crash?Is the property market about to crash? 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 question is who are you dealing with? The typical price is about £40,000 to £50,000, with buyers usually required to put down a 30% 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. Tina and Lee Smith, from Southend, bought a £50,000 flat at the Golden Pearl as an investment. We answer the question on everyone's lipsInvestigationBeware of property seminarsThey claim buy-to-let is a sure road to riches. What will happen to house prices in 2008? Yesterday it warned that the Golden Pearl is not the only complex attracting the interest of foreign investors which can be facing the bulldozers.
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