ARTICLES 
Foreign Interest in Bulgarian Property High
Associated Press Bulgaria, 6th Dec 2005

Bulgaria remains a hot spot for foreign real estate investors despite a clear slowdown in property price growth, experts said Tuesday -- and expected no change in demand even if the nation's entry into the European Union is delayed.
Property prices were expected to rise between 14 and 24 percent this year, compared to last year's spectacular increase of 45 percent, according to statistics released Tuesday by the National Association of Real Estate Agencies.
"The increase in prices is slowing down, but the market is booming," said the Association's head, Orlin Vladikov. "I expect its volume to exceed last year's record of euro3.3 billion."
Foreign investor interest in Bulgarian property remains high, and the group expects it to stay that way next year as well, Vladikov said. "In 2006, we expect a serious influx of Spanish investors, who are looking to secure winter resort offers for their beach resort customers."
The number of property deals struck this year was estimated at 204,000. Some 37 percent of them were made by foreigners, many of them British, Vladikov said.
Foreign interest in Bulgaria has been fueled mainly by low prices, but also by the country's overall stability and the prospect for European Union entry -- now scheduled for 2007. The EU, however, has warned Bulgaria that its membership could be postponed by a year if key reforms in the judiciary and administration are not swiftly put in place.
Vasil Nikolov, manager of a London based agent, said the company has seen an increase in British clients looking for property bargains in Bulgaria. "Interest is high and I don't expect this to change even if the European Union decided to delay Bulgaria's entry," Nikolov said.
The Balkan country's look has drastically changed since the collapse of communism in 1989. In the capital, Sofia, and in other big cities, hypermarkets, shopping malls, luxurious apartment and office buildings have mushroomed along with renovated houses in downtown areas.
Foreign buyers have been seeking mainly holiday homes at Bulgaria's Black sea coastline and at its mountain resorts, as well as high-quality homes in Sofia, With prices of at least euro500 to 1,000 (US$580 to US$1,200) per square meter, these types of property are expensive for most Bulgarians, who live on an average monthly wage of euro150 (US$175). Foreign interest, however, has continued to drive prices up.
"The average price trend is for a slowdown, but there are regions and types of property that register a steady price growth," Ivanov said, "Prices of Sofia's luxury property, for example, have increased by some 20-25 percent this year."
In the southern mountainous region of Smolyan known for its ski resorts and picturesque villages, property prices rose between 50 and 80 percent this year, statistics show.
Vladikov sought to diffuse fears that the slowdown in property price growth might chase investors away.
"Prices of quality property will continue to rise smoothly, and the general slowdown trend is just a sign for the market's stabilization, which is a good message to investors."

BULGARIA PROPERTY ARTICLES
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11
 
Dominique Perrault to design the new City of Sofia
International, News Bg 4/30/2009
Open mall constructed in Burgas for 30 million Euro
Stefan Nikolov, News Bg 11/12/2008
The Bulgarian Real Estate Market Still Major for Investors
Stefan Nikolov, News Bg 10/2/2008
Russians Once Again on the Bulgarian Real Estate Market
Stefan Nikolov, News Bg 9/5/2008
Peak Moment in Bulgarian Real Estate Market
Stefan Nikolov, News Bg 7/22/2008
Golf playground near Ravno pole, Bulgaria
Kristalina Ilieva, News Bg 7/2/2008
Bulgaria Ranks 4th In Construction Growth in EU
Olga Yoncheva, News Bg 6/19/2008
Why Investing in Bulgaria Worths?
Financial Mirror, News Bg 5/22/2008
Equest Sells Hotel “Serdika” in Sofia
Sgrada.com, News Bg 5/16/2008
Russians Invest 30 M EUR Close to Golden Sands Resort
International, News Bg 4/7/2008
Independent: Bulgaria Enchants Britons
Independent: Bulgaria Enchants Britons
Brits Fall for Bulgarian Charms
Brits Fall for Bulgarian Charms
Bulgaria: a darling of the property market
Bulgaria: a darling of the property market
Ski season in Bulgaria’s Pamporovo
Ski season in Bulgaria’s Pamporovo
Snow show with Miss Bulgaria
Snow show with Miss Bulgaria
Bulgarian Ski Resort Property Boom
Bulgarian Ski Resort Property Boom
Backstory: Can you say pied-a-terre in Bulgarian?
Backstory: Can you say pied-a-terre in Bulgarian?
Rogge And Bulgaria’s Prime Minister To Cooperate On Sofia 2014
Rogge And Bulgaria’s Prime Minister To Cooperate On Sofia 2014
Further Plans for Bulgaria's Winter Olympics Host Application
Further Plans for Bulgaria's Winter Olympics Host Application
Bulgaria maps out infrastructure priorities until 2013
Bulgaria maps out infrastructure priorities until 2013
High-Speed Motorway Construction Underway
High-Speed Motorway Construction Underway
Construction in Bansko Resort Limited
Construction in Bansko Resort Limited
Bulgaria increases transit options
Bulgaria increases transit options
Bulgaria hopes to join the single European currency, the euro, in 2009
Bulgaria hopes to join the single European currency, the euro, in 2009
Bulgaria joins Budget Travel catalogue
Bulgaria joins Budget Travel catalogue
Bulgarian Ski Resort Property Boom
Bulgarian Ski Resort Property Boom
Bansko Introduces Online Avalanche Alert
Bansko Introduces Online Avalanche Alert
Tourism Authority Lands Hand to Sofia 2014
Tourism Authority Lands Hand to Sofia 2014
A Glimpse Upon the History of Stara Zagora
A Glimpse Upon the History of Stara Zagora
Bulgaria seen as attractive ski destination
Bulgaria seen as attractive ski destination
Ski home bargains in Bulgaria
Ski home bargains in Bulgaria
A little place on the piste
A little place on the piste
Sofia 2014 Queues in Bids Power Index
Sofia 2014 Queues in Bids Power Index
Bulgarian Property appeals to sports enthusiasts
Bulgarian Property appeals to sports enthusiasts
International company to invest 90 mln euro in golf course near Kavarna
International company to invest 90 mln euro in golf course near Kavarna
Buying Real Estate in Bulgaria is a Super Bargain
Buying Real Estate in Bulgaria is a Super Bargain
Bulgaria to Impose New Bank Account Numbers by March 1
Bulgaria to Impose New Bank Account Numbers by March 1
Price of Farmland Will Go up by 40% Because of Bulgaria's EU Accession
Price of Farmland Will Go up by 40% Because of Bulgaria's EU Accession
Bulgaria offers attractive property
Bulgaria offers attractive property
Interest toward Bulgarian agriculture sector
Interest toward Bulgarian agriculture sector

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11