Travelmole - Britons Say 'So What' To Credit Crunch

Britons say 'so what' to credit crunch - TravelMole

Britons say 'so what' to credit crunch TravelMole, UK - Jul 28, 2008 Britons are refusing to give up their annual two weeks in the sun, despite the credit crunch and ongoing gloomy economic outlook. A survey of 1000 customers ...

Britons say 'so what' to credit crunch - TravelMole

Home Move - Britons Affected By Spanish Construction Firm Insolvency

Britons affected by Spanish construction firm insolvency - Home Move

Home Move

Britons affected by Spanish construction firm insolvency Home Move, UK - Jul 28, 2008 Martinsa-Fadesa has sites in several countries, including Morocco, Portugal and Bulgaria. In Spain it has developments underway on the Costa Blanca and ...

Britons affected by Spanish construction firm insolvency - Home Move

The Press Association - Britons Blame Hotel For Sickness

Britons blame hotel for sickness - The Press Association

Britons blame hotel for sickness The Press Association - Jul 16, 2008 More than 70 British holidaymakers have complained of an outbreak of gastric illness at a hotel in Bulgaria. Irwin Mitchell Solicitors has reported the ...

Britons blame hotel for sickness - The Press Association
The Press Association: Britons blame hotel for sickness var gaJsHost = (("https:" == document.location.protocol) ? The entire hotel complex smelt of sewage, the food on the buffet by the bar was left out uncovered and chicken was pink in the middle and glasses in the bar never appeared to be clean."So many families were complaining to staff and we felt like nothing was being done. Hosted by Copyright © 2008 The Press Association.

Sofia Echo - UK Estate Agent Working In Bulgaria Wins Court Case Against Newspaper

UK estate agent working in Bulgaria wins court case against newspaper - Sofia Echo

UK estate agent working in Bulgaria wins court case against newspaper Sofia Echo, Bulgaria - Jul 22, 2008 ... estate agents in Bulgaria. Wilson said, according to pressgazette.co.uk: “To illustrate the generalisation that scores of Britons attempting to buy ...

UK estate agent working in Bulgaria wins court case against newspaper - Sofia Echo
They are also seeking damages after the original allegations were repeated on the internet”. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site.

Sofia Echo - Mixed Messages

Mixed messages - Sofia Echo

Mixed messages Sofia Echo, Bulgaria - Aug 1, 2008 ... Britons’ enthusiasm for buying foreign real estate may be waning. Reports in Bulgaria’s local press have cast a shadow over the real estate sector, ...

Mixed messages - Sofia Echo
At the same time analysts say that this trend seems to have been encouraged more by the structure of original purchase deals and investors’ desire to cash in rapidly, than by fear of a property market downturn. In 2006, about 29 per cent of all real estate sales were made to foreigners – 67 per cent of them to Britons and 12 per cent to Irish. With the UK reeling from an economic slowdown, the credit crunch and a domestic property slump, Britons’ enthusiasm for buying foreign real estate may be waning. Reports in Bulgaria’s local press have cast a shadow over the real estate sector, particularly in the holiday property segment. This is partly due to over-development of the coast and fears that standards are being lowered in an effort to optimise short-term profit. British tour operators TUI and First Choice removed Varna from their list of destinations last year and Thomas Cook is reportedly considering doing the same before 2009. Allegedly, bookings by Scandinavian tourists have dropped by 30-50 per cent on last year. Resorts on the southern Black Sea coast around the city of Bourgas are reportedly suffering the most. Another report, from the Yavlena real estate agency, suggested that foreigners are looking to sell their Bulgarian property in increasing numbers. However, this trend seems to have been encouraged more by the structure of original purchase deals, and a desire to cash in rapidly, than a fear of property downturn. Many of the houses were bought off-plan (prior to construction) over the past two years and put on the market as soon as they were completed. For several years, industry insiders have told the Oxford Business Group that Bulgaria’s coast risked over-development and that short-term investors can pull out if the going got tough. This more affluent section of the population tends to spend a greater amount of money on property and holidays. Savills researcher Jacqui Daley speaking to the British press said, “We will see a return to the traditional use of the holiday home as a lifestyle choice, and that demand will actually rise in the near future.” The days of making a quick buck may be over. But the promise for wiser long-term investors and traditional holiday homebuyers is as great as ever. At least the British press aren't afraid to tell the truth about the credit crunch and recession. Bulgaria still keeps writing stories that it isn't happening, its a myth, everything is fine. Tour operators are stopping coming because its crap. People are selling purely because they want to try and get their money out because of the credit crunch and its crap. As for affluent buyers and holidaymakers, even Russian money people have style and class and go to the rich resorts in France, Spain and Italy and willn't be seen dead here.The truth. There's a global crunch and recession coming. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site.

BBC News - Britons 'Not Giving Up' Holidays

Britons 'not giving up' holidays - BBC News

BBC News

Britons 'not giving up' holidays BBC News, UK - Jul 28, 2008 Britain's biggest largest travel group TUI said bookings rose by 8%, with Turkey, Egypt and Bulgaria showing significant increases. ... One third of Britons plan to holiday regardless of economy, BBC ... Travel Weekly UK all 4 news articles

Britons 'not giving up' holidays - BBC News
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