Bulgarian Investment Property

DEMAND FOR CONSTRUCTION PLOTS IN BULGARIA'S SEASIDE MAINTAINS HIGH LEVELS

Thu 06 Jul 2006
The Sophia Echo

Intense hotel and complex construction will continue despite warnings that the Bulgarian coastal region already faced problems with construction density.

The demand and supply of construction plots in the coastal region maintained high levels, 24 Chassa reported.

Southern regions attracted more investment, 24 Chassa said. Property in resort towns near Bourgas sell three times better than estates in the Varna region.

Sunny Beach coastal resort ranks highest in the list of resorts attracting property investment. The complex offers over 40 construction plots at an average price of 132 euro a sq m. In comparison, prices in other coastal resorts like Primosrsko, Sozopol and St Vlas vary from 70 to 120 euro a sq m.

Prices depended on development opportunities and construction density in the region, 24 Chassa said. Investors preferred plots in smaller villages away from the densely constructed resorts. Nearly 50 per cent of the plots on sale in Varna region were in remote villages at average prices of 90 euro a sq m.

Bulgarian Investment Property

BULGARIA CONTINUES BEING PROPERTY INVESTMENT HOTSPOT

Mon 26 Jun 2006
The Sophia Echo

Property investment group Assetz reported Bulgaria confirms its standing as leading property investment hotspot.

For the second quarter of 2006 the return rate of Bulgarian property was 137 per cent, Assetz reported. In March the figure reached 116 per cent.

Decreasing mortgage rates in the country make borrowing cheaper. Deposits decreased as well, guaranteeing investors bigger returns.

All these developments confirmed Bulgarian property remains an attractive option for property seekers. The strentghening of the country's tourism sector and the availability of low-cost flights further increased the appeal of the local property market, Assetz said.

Assetz reported that the Greek and Polish property markets have also seen improvement in key indicators. Prices in Poland increased by nearly 25 per cent for the first six months of 2006.
The Spanish market also maintains its growth.

Assetz representatives said the expansion of the EU provided more options for property seekers interested in destinations abroad. Emerging markets like Bulgaria and Poland offered excellend investment return opportunities.

Traditional destinations like France and Cyprus remained attractive for property seekers looking for stability and already established buying procedures.

Bulgarian Investment Property