Bulgaria property investment - news from Bulgaria, property market ...
A four or five-star hotel, golf academy, tennis academy and swimming pools, villas and apartments are also included in the project. Agents said that most of the houses currently offered for sale are in need of renovation.Houses located close to Vitosha mountain cost on the average 150 000 euro. Bulgarian design and architecture companies will be able in this way to accept projects from abroad.76. Changes are needed to guarantee price uniformity and quality of the product. Each of the places is supplied with electricity, water, cable TV, telephone, fax and wireless Internet. Fast development of the mortgage market and high demand for ready apartments feature among main factors that influenced the dynamic price increase in the country, Dimitrova said.Bulgaria continues to be EU�s cheapest country concerning residential property prices. For the same period, vacation property prices at the Black Sea and winter resorts increased 22 per cent. FOREIGNERS INCREASINGLY INTERESTED IN BULGARIA�S SPA PROPERTY DESTINATIONSSofiaEcho: 2007-07-03The interest of foreign investors in the acquisition of property located in areas having mineral springs is growing, consultants from Home for You said. Guards and video system provide around the clock security services. He said that such projects can hopefully change the trend.Tishman International is investor in the project. In Sofia, the average price of a 60 to 70 sq m apartment varies between 70 000 and 80 000 euro.81. In the autumn, the chamber will also publish a list of all companies operating in the sector. It has already received a first class investment certificate. It will have 2700 beds and a five-star hotel complex. It will have an entertainment complex functioning year-round. June has not ended yet, meaning that the number of visits for the first six months of the year will be higher than the initial calculations.Since the beginning of the year, the number of people who have visited Arbanasi is 12 141, Focus reported77. Labour price in Bulgaria was nearly 20 times lower than in other EU member countries, Borissov said. Mladost and Vuzrazhdane residential district in Varna and some regions of Sofia saw 25 per cent increase, Dimitrova said. Mountain vacation property also registers interest, which tends to be strongest towards rural developments.Italian, Spanish, Austrian and German investors are showing increasing interest in property acquisition in Bulgaria. One of the major projects envisions the construction of a golf course Black Sea Golf and Country Club. Pomorie also will work on several eco projects among which local dump renovation and reconstruction which will be transformed into park. Pomorie municipality currently seeks a public-private partnerships to finance the port in the town. POMORIE MUNICIPALITY IN BULGARIA TO DEVELOP ECO AND GOLF PROJECTSSofiaEcho: 2007-06-29Pomorie municipality plans to carry out a number of eco projects aimed at transforming it into one of the first Bulgarian green regions. RESIDENTIAL PROPERTY PRICES IN BULGARIA TO INCREASE 10 PER CENT BY END OF 2007SofiaEcho: 2007-06-26Residential property prices in Bulgaria�s large cities are expected to increase 10 per cent by the end of 2007, predictions of real estate agency ERA Bulgaria show. Rich Bulgarians and foreigners are interested in the purchase of one-family houses. Scandinavian investors are also growingly attracted to property in the country.83. Sunset Resort vacation complex features among the other investment projects in Pomorie. The average price growth for the first six months of 2007 reached 25 per cent in some of Bulgaria's bigger towns. The average price growth of new construction in Sofia's residential district of Mladost reached 15 to 20 per cent.The figures exceed expectations for a slight increase of residential property prices in Bulgaria after its EU accession. The average prices in European capitals vary between 150 000 and 200 000 euro. The centre will also have industrial and logistics areas, as well as a hotel.Borissov said that the municipality will issue the permit needed for the project within days. The complex will provide 800 to 1000 work places. The first phase of the project completion should end by 2008.75. The golf course will cover an area of 1918 decares near the village of Kableshkovo. The investment exceeds 194 million euro. The modern yacht port has 300 yacht places including those for the big king class vessels, which are longer than 25 meters. The places of entertainment are also part of the unique Bulgaria's yacht port. The prices in these regions vary between 1500 and 2000 euro per sq m.78. There are border points that connect the port with the customs, the border police and the customs administration. This became possible after the inauguration of the country's first private and biggest yacht port "Marina-Dinevi" on Sunday. Thus, the number of visitors for the first six months of the year reached nearly 73 000, Focus news agency reported.All these figures confirm predictions that visitor interest in 2007 will be higher in comparison to numbers for the previous years. Velingrad, which has already established itself as a spa destination, is growing in popularity. Work on the project is expected to start by the end of 2007.
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