Overseas Properties Ltd. <br />RSS Feeds <br />Abroad home in Bulgaria http://www.overseasproperties-bulgaria.co.uk/realestate Fri, 04 Jul 2008 02:26:02 +0100 Master-Mihov.com FeedCreator 1.7.2 http://www.overseasproperties-bulgaria.co.uk/realestate/images/M_images/rss.png http://www.overseasproperties-bulgaria.co.uk/realestate Overseas Properties Ltd. <br />RSS Feeds <br />Abroad home in Bulgaria http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/51/ 2004 PROPERTY PROJECTS IN BULGARIA PRODUCE REVENUE Property investment in 2004 nearly doubled its value and produced revenue for the owners. A number of real estate projects evolved and statistics show an increase in the number of deals concluded. Since the middle of 2005 the property market began to calm down, mediapool.bg reported. Analysts said property prices could start decreasing. The Sofia property market offers various buildings, some of which still under construction. Buyers seem to be interested in unfinished property regardless of the risk. At the moment supply on the Sofia real estate market exceeds the demand, a situation normal for each market economy, analysts said. Construction companies responded to market changes through more competitive prices and higher quality, mediapool.bg reported. In the past two years most investors have been seeking two-bedroom apartments. Investors became increasingly demanding of good location, construction quality and proximity to transportation, parks and trade areas, property agents said. Construction is most intense in the southern and eastern parts of Sofia. Demand is highest in districts like Bukston, Borovo, Lozenetz, Vitosha and Krasno Selo doe to the proximity to the central parts of the capital and to Vitosha Mountain, as well. Source: http://www.sofiaecho.com. News Panel - Properties news Fri, 15 Dec 2006 17:03:59 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/122/ Gardens Group company plans to invest in a large-scale project of mixed type near Sofia&#39;s village of Lozen.The investment would total 400 million EUR, investor. bg reported. The name of the complex would be Garden City and it would cover 600 000 sq m.The complex would include nearly 200 apartments, 240 houses, trade centres, office buildings, a sports centre, a school and a kindergarden.The project is expected to be completed by 2012.More than 100 000 sq m of the terrain would be covered with green areas. The sales price of Garden City is expected to reach 500 to 600 million euro.Gardens Group started construction of its Bistritsa Gardens residential complex on September 20. The new complex at walking distance from the centre of the village of Bistritsa. It would include 52 one-family houses with total build-up area of 16 000 sq m. Sofia Echo News Panel - Properties news Mon, 01 Oct 2007 22:21:22 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/100/ Bansko Invest BGN 19 Million In The Town Infrastructure In 2007 For the second consecutive year the biggest investment program in the region of Blagoevgrad is in Bansko. The Municipal Council approved a budget of BGN 19 million, which is the amount absorbed in the preceding year. The biggest amount of money of BGN 12.780 million is for urbanization. The main part of the money to the amount of BGN 12 million will be invested into sites in Bansko. The rest of the money to the amount of BGN 780 000 are allocated among the town of Dobrinishte and the six villages, which are also a subject to investment interest &ndash; Kremen, Obidim, Osenovo, Gostun, Filipovo and Mesta. The impressive amount of BGN 4 million is for street asphalting and reconstruction. The amount of BGN 1.78 million will be paid for making new pavements of 49 streets. There is also a serious amount of money for planning, namely a total amount of BGN 1.612 million. A General Structure Plan of the territory of Bansko is to be worked out to the amount of BGN 120 000, of a work project for a Waste Water Treatment Plant amounting to BGN 400 000, projects for a scenic highway from Bansko to the locality of Sanchevoto, on the way to the locality of Rakovitsa, on &ldquo;Iztok&rdquo; encircling road, fourth-class roads, of a work projects for dams in the localities of Kosherinata, St. Iliya, of work projects for sport grounds. One of the most important sites of the town infrastructure, namely the internal water-supply network, will be financed by money from the SAPARD Programme. The project is for a change of water-mains of length of 15 km and is to the amount of BGN 1.95 million. The construction of another very important site will begin this year as well. This is a drinking water reservoir with a capacity of 1700 cubic meters above Motikata. The facility will help for the normal functioning of hundreds of vacation buildings in the new tourist zones. In 2006 more than about ten apartment complexes remained closed due to lack of water supply. After many efforts made for providing enough resources, the construction of the main sewerage collectors 1 and 7 of the new south resort zones started, as these zones are situated to the north up to the place of the planned new Waste Water Treatment Plant. The installations are to the amount of BGN 13 million, as the resources are provided by the Ministry of Environment and Waters. Until the end of 2007 another big project is to be started, namely a refuse factory. The Municipality presented three terrains for a site with an area of 15 decares each. The amount of BGN 220 000 is stipulated for preparing the detailed structure plans of the eleven most attractive zones for building-up, namely: Kosherinata, St. Ivan, Gurovitsa, Karantiyata, Krinets, Sredoreko, Asanitsa, Stragite, Malka Livada, Gerachni Ulitsi and Zabinitsa. Specialized maps will be also prepared for these zones. By virtue of a mutual contract concluded with the company &ldquo;Golf Plus&rdquo; LTD &ndash; Sofia, there will be an investment of BGN 3.33 million. The money resources are for the construction of the municipal engineer infrastructure in the region of the golf ground, which is situated on an area of 370 decares. There&rsquo;s a plan for a new bringing water-main and construction of a reservoir with a capacity of 1000 cubic meters for the amount of BGN 1.310 million, as the amount of BGN 754 000 are planned for the project of the road Bansko &ndash; Belizmata, on the way from Bansko to the locality of Momin Grob &ndash; BGN 720 000, for Water-supply and Sewerage (ViK) in the same locality &ndash; BGN 541 000. The amount of BGN 570 000 is for repair works of the municipal sites, such as Secondary School in Bansko, &ldquo;St. Trinity&rdquo; Church and the community centre. Stroitelstvo Gradat Weekly News Panel - Bulgaria news Sun, 25 Feb 2007 17:06:43 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/99/ British Interest in Bulgaria Goes Up! Over the period of one week, two British print media published articles saying that Bulgaria&rsquo;s real estate sector was among the most attractive in Europe. On February 7, the Guardian reported that Bulgaria, together with Poland, Estonia and Denmark, was among the European Union countries with a steady increase in property prices in 2006. The Guardian quoted a survey done by the Royal Institution of Chartered Surveyors, which analysed price growth in 26 European countries. On February 5, the magazine A Place in the Sun reported that Bulgaria was the third most-popular country for investments in real estate in Europe. Bulgaria was outranked only by Spain and France. Well-established locations started to lose their market share at the expense of new destinations like Bulgaria, Dubai and Cape Verde. In such untrodden locations, prices for real estate were much lower, especially given the rising prices and interest rates in Great Britain, the magazine said. Turkey, Cyprus, Greece and Portugal were also among the top 10. However, as a result of the oversupply of real estate in some parts of Bulgaria, prices in this country would probably remain relatively low, the magazine said. In view of this, two reports in the news about a 235 million euro British investment in Bulgaria did not come as a surprise. At the beginning of the month, Bulgarian Land Development (BLD), a London-listed Bulgarian property developer, said it would invest in five residential projects in Bulgaria, worth a total of 235 million euro. The developments are in the Black Sea resorts Albena and Sozopol, the winter resorts Pamporovo and Bansko, and Sofia, BLD managing director Hristo Iliev said. SofiaEcho (http://www.sofiaecho.com/) News Panel - Bulgaria news Sun, 25 Feb 2007 17:05:02 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/47/ BRITISH MILLIONAIRE BUYS VILLAGE IN BULGARIA British millionaire Scott Alexander bought a village in the Bulgarian seaside which he plans to re-name after himself. The rather &#39;extravagant&#39; purchase cost Alexander three million pounds, The Independent reported. Alexander said that the 1 000 people living in the village were &#39;quite excited&#39; despite the change in the name as they were &#39;keen on business and responsive to change&#39;. After the purchase Alexander plans to turn the village into a coastal resort especially for British tourists. He described the deal as &#39;a sound investment&#39;, taking into consideration the expected boom in real estate prices once Bulgaria joins the EU. The resort project includes the construction of new apartments, a casino and a lifestyle centre. The rest of the land will be re-sold to other British investors. Alexander was recently proclaimed Britain&#39;s vainest man. He has a 10 000 pound portrait of himself painted on one of the walls of his mansion. Alexander spent 55 000 pound on a new teeth set. Additional expenses include 15 000 pounds a month for clothes, 2 000 pounds for botox injections and 100 000 pounds for growth hormone a year. Source: http://www.sofiaecho.com. News Panel - Properties news Fri, 15 Dec 2006 17:02:25 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/90/ Bulgaria Drops Visas for Britons and Americans Novinite.comBritons, Americans, as well as nationals from another eleven nations holding valid passports will be able to enter Bulgaria without visas, the cabinet decided Thursday. According to the adopted amendments foreigners will be allowed to stay in Bulgaria for 90 days within a period of six months, reckoned from the date of the first entry. As the government is aligning Bulgaria&#39;s visa regime with EU standards, visas will be dropped for the citizens of North Ireland, Canada, Australia, and Mexico. The same rules will apply for the residents of Honduras, Panama, Nicaragua, Costa Rica, Salvador, New Zealand, and Guatemala, who will be allowed to enter and stay in Bulgaria solely upon a valid passport. The decree will take effect from September 1. The Government also approved a set of proposals to amend the Visa Agreement with Turkey. Turkish citizens could stay 90 days with a single or multiple transit visas. Until now they were allowed to enter the country for 30 days upon invitation. In a separate development the government decided that Bulgarians will be allowed a free-visa entry into Israel. News Panel - Properties news Thu, 08 Feb 2007 11:07:51 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/104/ Bulgaria is experiencing a boom in golf course development as developers are trying to change its image from a seasonal tourist destination with cheap property and beer into a place of preference for the wealthy Europeans to spend their holiday. Until recently compared to Spain, later re-discovered as a country for tourism and purchases of residential property at low prices, soon it will have another likeness with the Iberian country &ndash; golf tourism. Currently there are only three golf courses in operation in Bulgaria. But at least five more are under construction and about twice as many are at design stage. The municipalities that usually own the consolidated land do not stop getting inquiries, in Razlog only there have been registered more than six proposals from developers, three of them are already launched projects. When realized the region will be transformed into one of the possible golf destinations in Bulgaria. But before this there will be three already operating golf resorts on the Northern Black Sea coast between the towns of Kavarna and Balchik. There, Bulgarian developers and big western investors that enrolled names in golf and course design like Garry Player or Ian Woonsman are already advancing rapidly. The golf courses are expected to start operation at full speed at summer of 2009. Thus the Northern Black Sea coast took the road of the Spanish sea resorts. &ldquo;The resort of Costa Del Sol near Marbella was renamed to Costa del Golf. Within 100 km there are 60 golf courses where foreigners buy second home apartments&rdquo;, says Radostina Paskova, in charge of golf clubs marketing of Air Sofia, the pioneer of this sport in Bulgaria. Why Golf? &ldquo;Everyone can build a hotel on 5000 sq m and sell it. But I would not start building 800 residential units without something to attract the people to buy relying on their preferences for our Black Sea only. There are so many beautiful seas&rdquo;, says Georgi Chuklev , vice-president of the Bulgarian Golf Association and manager of Barrage Complect. In partnership with the construction company Balkanstroy his company is developing on of the sea golf resorts and the first golf course in Razlog designed by IMG European Golf Design with the signatures of Ian Woosman. The Prices Golf is one more opportunity for the developers to build and to sell top quality real estate, which is not directly linked to the beach or the ski runs. When there is a combination of the two types they can close the cycle of tourist services. Currently golf resorts on the Black Sea and Razlog are offered at prices near the top levels for off-plan apartments and villas in the respective areas &ndash; about EUR 1,400 &ndash; 1,600 per sq m for holiday houses and apartments. According to Georgi Chuklev they are not much higher than those of holiday apartments on the Black Sea coasts as they include value added tax and furnishing. The Buyers As of now the investors prevail over the end users of golf houses and apartments. Buyers, exactly as with the traditional holiday homes market, come mainly from western and northern Europe &ndash; English, Dutch and Scandinavians. Golf will be promoted in places like Germany, Netherlands, Spain and the Russian market, as Bulgarian golfers among buyers are few. There may be demand from the foreign community in Bulgaria as well. &ldquo;In our surveys we have specified three different types of clients: the golf player who does not buy on every golf course where he plays but rents an apartment or a hotel room; another important segment are the people willing to live in the golf complex as first or second home; the third is the small investor who buys in the golf complex to use his own apartment sometimes and the rest of the time to make profit&rdquo;, says Manuel Ferry Sanchez, developer from Spain that came to Bulgaria wit the purpose of developing golf courses. Index Imoti Magazine News Panel - Properties news Fri, 23 Mar 2007 11:31:19 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/124/ BusinessProperty prices in Bulgaria rose faster than anywhere else in the world in 2007, according to a survey by a leading British estate agency.The European Union&#39;s newest member topped the latest Knight Frank Global Price Index with an annualised property price growth of 30.6 %. Bulgaria ranked three percentage points above the south-east Asian economic powerhouse of Singapore. Despite numerous concerns over the level of oversupply in a number of locations within Bulgaria - notably the winter ski resort of Bansko and selected coastal resort locations - Bulgaria has supplanted the previously top performing Baltic hotspot at the top of the Knight Frank league, the report declared. News Panel - Properties news Sat, 08 Dec 2007 19:44:35 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/94/ Bulgaria Property - Bulgarian building boom is not affecting prices Sofia house prices &lsquo;stabilised&rsquo; during the first half of 2006, the international estate agent partnership Colliers International has reported. Its latest Residential Market Overview, said prices increased only marginally in the last six months compared to previous years, with supply exceeding demand.Soifia&rsquo;s Ivan Vazov neighbourhood is emerging as the second most expensive location in Sofia after constant favourite Doctor&rsquo;s Garden. The average asking prices in Doctor&rsquo;s Garden reached &pound;1,150 per square metre in the first six months of 2006, followed by the Ivan Vazov area with prices averaging &pound;900 per square metre, and Lozenetz at &pound;663. .The middle segment of the market is the most active, with two bedroom apartments in highest demand. Buyers continue to prefer properties that are completed or in the final stage of completion. Yields ranged between 7 per cent and 10 per cent for single deals of residential properties. Outside Sofia, 12,000 holiday homes have so far been sold in Bulgaria&rsquo;s mountain region, with Bansko as the principal location, said the firm. Some 7,000 of them have been sold in the last year. Mountain resort developments range in size from 10 to 400 units, &lsquo;often with a wide range of on site facilities&rsquo;. A further 6,000 holiday homes have been sold in Bulgarian costal resorts in the last year with more than 22,500 units in various stages of development, ranging from off-plan projects to completed properties. Despite the fact that supply has outgrown demand, prices of holiday homes remain stable. The highest prices were in St. Vlas where they varied between &pound;406 per square metre to &pound;1,250. The highest mountain resort prices were in Bansko, where apartments are sold for more than &pound;1,100 per square metre. Fly2Let News Panel - Properties news Sun, 25 Feb 2007 16:53:32 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/92/ &ldquo;Glavbulgarstroy&rdquo; will buy the shares of &ldquo;Contract 99&rdquo; in &ldquo;Rila Samokov 2004&rdquo;. Thus the biggest construction company will construct the &ldquo;Super Borovets&rdquo; project. Contract 99&rdquo; is owned by the family of the late banker Emil Kulev. They own 55% of the &ldquo;Super Borovets&rdquo; project. Until now &ldquo;Glavulgarstroy&rdquo; owned 25% and the municipal has 20%. The dimension of the transaction is still unknown. Unofficial data shows that the amount is between 25 and 30 million BGN. Super Borovets is one of the biggest investment projects in the country which will have huge impact on the tourism in the country and Samokov municipal. The locals expect it to bring more opportunities for business and development. Samokov Municipal and Glavbulgarstroy went a long way during the last years for the development of the project and we strongly believe in its future , said Simeon Peshov, president of Glavbulgarstroy. The project plans the resort to expand and divide on three levels. &ldquo;Lower Borovets&rdquo; will be on 1100 metres above the sea level. It will host small and cheap family hotels with 5000 beds. The real Borovets will be for more well&ndash;to&ndash;do tourists. It will be expanded to 10 000 beds, by the construction of new hotels. The third level is &ldquo;Super Borovets&rdquo;. It will be on 1600 &ndash; 1800 metres above the sea level, right on the snow line. The idea is to transform it onto a 5 star resort for the rich and prestigious tourists. It will offer 1500 &ndash; 2000 beds. Additional slopes will be also constructed and their total length is expected to reach 95 km by 2009. One of them will reach Samokov town. Two brand new cabin lifts will be constructed, which will be able to carry 35 000 tourists for 90 minutes. New drag lifts and an indoor stadium will be also constructed. 24 Hours Daily News Panel - Properties news Sun, 25 Feb 2007 16:47:17 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/117/ Russian wealthy men have forgotten Spain and prefer to invest their money in Bulgarian vacation property. Besides the Britons, who buy second home in Bulgaria, also Danes and Spaniards as well as businessmen from Lithuania, Latvia and Estonia spend their money on vacation property in the country.The last trend for the new owners is to engage agencies, specialized in property maintenance, management and letting.The apartments and villas in vacation settlements are the most popular among the investors in vacation property for the last year. Over 50 projects are in process of development on the north part of Bulgarian black sea cost for the time being. News Panel - Properties news Sun, 08 Jul 2007 00:10:53 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/95/ Bulgaria Property - Bulgaria takes one of the first places like Country in the Best Places For Living List according &bdquo;Scotsman&rdquo; newspaper! France is leader in the world classification; Bulgaria attracts with low prices and favourable climate Bulgaria is the 34th country in the world among those determined as the best places for living &ndash; reveals the latest classification of the American magazine &ldquo;International Living&rdquo;, which was published this week under the title &ldquo;Index for Life Quality&rdquo;. Bulgaria shares that high position in the list of 193 countries with Panama and Slovakia. Great Britain takes the 37th place &ndash; it is the next country after Bulgaria, and Greece and Cyprus come after it with even results. Lithuania, Poland and Romania are the next countries in the classification. Romania takes the 45th place together with South Africa, the Dominican Republic, Brazil, Chile and South Korea. Bulgaria takes one of the first places because of the low prices and favourable climate, according to &ldquo;Scotsman&rdquo; newspaper. 24 Hours Daily (http://www.24chasa.bg/) News Panel - Bulgaria news Sun, 25 Feb 2007 16:56:13 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/113/ Bulgaria is Europe&#39;s leader in home ownership, with 94 per cent of thr population owning their own homes! The country also came near the top in terms of property transactions per capita in 2005, recording a 27 per cent gain.The 9000 real estate agencies registered in Bulgaria trasact only 38 per cent of domestic property deals said one of the word&#39;s leading residental franchise brokerage networks. Propertywise News Panel - Properties news Fri, 18 May 2007 22:00:09 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/123/ Sofia could offer much more opportunities for investing in property than the seaside according to an expert.Those hoping to generate money from investing in Bulgaria should ignore the coast as it was less lucrative, and focus on Bulgaria&#39;s capital, Simon Tweddle, chief analyst at Property Secrets said, as quoted by propertyshowrooms.com.Seaside resorts depended on seasonal factors including tourist visits and the weather, Tweddle said. Many coastal regions had an excess of property currently available on the market.&#39;&#39;If you invest in the city you&#39;ve got more than two million people who can potentially rent your property from you , Tweddle said.Bulgaria is attractive to business investors largely due to its stable political, economic and social climate. It has some of the lowest operational costs and tax rates in Europe, propertysecrets.net said.&#39;&#39;Demand for property in the cities was driven by three factors: the emerging middle classes who provide the demand for modern apartments, plus increasing affluence coupled with the supply of capital in the form of mortgage lending. All three trends were visible in Sofia&#39;&#39;, the site said. Sofia Echo News Panel - Properties news Mon, 01 Oct 2007 22:25:28 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/111/ The small Balkan country is even better place to live than UK, an International survey reveals and is on third position of the British interest after Spain and France!Bulgria is one of the most bullish real estate investment locations for 2007, according to the property market analysts. The Bulgarian property is expected to achieve attractive investment returns this year, following the country&#39;s accession to the EU and factors such as an expanding tourist market and the population&#39;s growing affluence. According some of the main property companies, Bulgaria holds the sixt position in the word with regards to property investment and this is mainly due to investments from abroad!!! News Panel - Properties news Fri, 18 May 2007 20:37:37 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/112/ The small Balkan country is even better place to live than UK, an International survey reveals and is on third position of the British interest after Spain and France!Bulgria is one of the most bullish real estate investment locations for 2007, according to the property market analysts. The Bulgarian property is expected to achieve attractive investment returns this year, following the country&#39;s accession to the EU and factors such as an expanding tourist market and the population&#39;s growing affluence. According some of the main property companies, Bulgaria holds the sixt position in the word with regards to property investment and this is mainly due to investments from abroad!!! News Panel - Properties news Fri, 18 May 2007 20:37:38 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/52/ BULGARIAN REAL ESTATE MARKET ATTRACTS FOREIGNERS WITH LOWER PRICES Property market tendencies show lower prices influence the choice of real estate buyers most, even if the quality is poor and the apartment needs urgent repair. Property agencies&#39; statistics about foreign investment are controversial, Darik Radio reported. Predictions of a boom in the number of foreigners purchasing construction plots turned out false. Deals with foreigners were less than six per cent, Darik reported. Foreign investors are attracted by the lower prices in Bulgaria. They are interested in buying property costing less than 6 000 euro in remote villages. Afterwards investors reconstruct the building, transforming it into modern villa. Demand for such property exceeds the interest in luxurious houses in Sofia, which cost over 300 000 euro. Nearly 40 per cent of the purchasers resort to mortgage credits to buy property. The liquidation period varies from 25 to 30 years. Another market tendency is increased demand for smaller property with higher quality. Young couples in particular search for fully furnished apartments without a need for further repair. Source: http://www.sofiaecho.com. News Panel - Properties news Fri, 15 Dec 2006 17:04:20 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/36/ Bulgarian real estate market to see spate of army property listings. Bulgaria&#39;s defence ministry will once again figure large on the domestic real estate market as it prepares for listing some 102 properties around the country. Another 87 army properties will be offered to be swapped for apartments. Most of the properties are located in Sofia, along the Black Sea coast and in Yambol and Plovdiv, the two regions that will welcome the U.S. troops that will be stationed here. Among the more interesting listings will be six lots near the Bozhurishte airport in Sofia as well as commercial premises on Graf Ignatiev street and Tsar Simeon boulevard in Sofia&#39;s downtown. The defence ministry will also list land plots in coastal areas Varna, Byala, Ahtopol, Pomorie, Burgas, Tsarevo and Obzor. Strahil Ivanov from real estate agency Yavlena said the listing of a hundred army property was unlikely to have a major impact on the market on the backdrop of the 20,000 property transactions recorded on a monthly basis in 2005. Source: news.dnevnik.bg News Panel - Properties news Fri, 15 Dec 2006 16:57:11 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/103/ Bulgaria govt backs 194 mln euro coastal golf complex InvestBulgaria, the local investment promotion authority, Tuesday granted a First Class Investor certificate to locally registered Cabland for its 194 mln euro golf development in the coastal city of Kableshkovo, near Pomorie. The government undertakes to assist the investor in obtaining the necessary construction and otherwise permits. Cabland, a joint venture between the Pomorie municipality and NGB Consulting, plans to complete the golf complex in 7 years. The development, financed by Black Sea Golf Country Club, will sprawl on 190 ha of land and will boast a 4-star hotel, tennis grounds, swimming pools as well as golf and tennis schools. The project will create over 3,000 jobs during the construction stage and 800 permanent jobs after completion. Dnevnik News Panel - Properties news Fri, 23 Mar 2007 11:28:36 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/56/ Europe Discovers Attractive Properties in Bulgaria Bulgaria and Romania that are about to join the European Union (EU) over the next year are promising real estates hotspots, an international report claims. The report of the international consultancy company for real estates DTZ, as cited by the German Die Welt newspaper claims that Bulgaria and Romania are emerging as attractive real estate hotspots following Poland, the Czech Republic and Hungary. The new East European property markets have already attracted the attention of the international investors. Investors who are risktakers and have a spirit of discoverers are already working in Poland, the Czech Republic and Hungary , the DTZ report reads. Bulgaria and Romania are also topping the list of the investors, DTZ report continues, forecasting that very soon Russia and Ukraine will also appear on the investors&#39; map. Still, in Sofia there is a lack of attractive real estates. The main area of expansion at present is land trade and trade centres construction development. Although the properties market in Sofia is smaller as compared to Bucharest Bulgaria&#39;s capital remains of great interest for the investors, DTZ concludes. Source: Sofia News Agency, www.novinite.com. News Panel - Properties news Fri, 15 Dec 2006 17:05:59 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/116/ The Bulgarian property experts Rob and Chris Downham at the Simpli group predict significant rise in the property prices by over 70 % over the next five years due to the country`s entrance in the European union.According to Chris Downham more and more British people are looking to buy Bulgarian property because of the beautiful nature and low prices. Another reason is the further EU investment in the region, which is expected to be huger compared to the fund received by any other previous accession country.Rob Downham gives Spain as an example- for 20 years EU membership the property prices in the country have risen about 800 %. He added that Bulgaria is great investment opportunity, because of the expanding economy and the rapidly tourism growth. News Panel - Properties news Sun, 08 Jul 2007 00:10:14 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/41/ Irish broadcaster buys 2 Bulgarian radio stations Communicorp Group, the leading Irish commercial radio broadcaster and the operator of one of the largest independent radio groups in Central and Eastern Europe, is about to wrap up the acquisition of majority stakes in 2 Bulgarian radio stations - Retro Radio and Gong, Dnevnik learned from Communicorp&#39;s local representative Atanas Genov. The only hurdle yet to be cleared is the approval of Bulgaria&#39;s telecom regulator, said Genov. Sources close to the deal valued the 70% stake in Retro Radio targeted by Communicorp at over 3 mln euro. Two years ago, Communicorp bought Metromedia International Inc. (MII) which, in turn, owns 100% of Metroradio EOOD, the holder of the broadcasting licences of the Bulgaria&#39;s BG Radio and Nova radio stations, and 75% of Radio TNN OOD, the owner of Radio 1. A year ago, MII started developing the NRJ radio station brand in Bulgaria. All 6 brands will be developed independently and in direct competition, said Genov. The broadcasting formats of Retro Radio and Gong will remain intact but the radio stations will become more commercial, said Genov. The Irish company intends to increase the frequency resource of all of its local radio stations and for this purpose plans to participate in frequency auctions organised by the telecom regulator. The shake-up of Bulgaria&#39;s radio market has intensified considerably in the past 12 months. The string of acquisitions was set off by U.S. media company Emmis Communications Corporation which bought a 66.5% stake in local radio group FM+ which comprises the FM+, Fresh and Mila Gold stations. That deal was followed by the acquisition by SBS, a European commercial television and radio broadcasting company based in Luxembourg, of 3 Bulgarian radio stations - Vitosha, Sofia-based radio station Atlantic and Plovdiv-based radio station Ritmo. Balkan News Corporation, a News Corp. company, also got in on the action with the purchase of Radio Company CJ which owns the local Jazz FM, Classic FM and NJoy radio stations. Source: news.dnevnik.bg News Panel - Bulgaria news Fri, 15 Dec 2006 16:59:17 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/97/ Is It Still Possible to Profit from Property in Bulgaria?! Speculative investors bought Bulgarian property well before confirmation was received that Bulgaria would join the EU; so now that Bulgaria&#39;s EU entry date has been confirmed as January 2007 have these speculators swallowed up all of the capital gains possible and bought the best rental rate returning real estate? Many would have you believe that this is the case but property investment experts Amberlamb reveal another side to the story &ndash; namely that it is still possible to profit, and profit well, from property in Bulgaria. At which point did property in Bulgaria as an asset class shift in many people&#39;s minds from being the absolute must have investment commodity to being an over-hyped asset likely to be left standing empty, unable to be let out or resold? Is the change in attitude towards Bulgarian property accurate? And what&#39;s more - why should we care? Firstly, we should care because many individuals have actually taken the plunge, believed the hype and invested significant sums of their hard earned money into property in Bulgaria in a bid to buy into a marketplace where there is both room for capital growth and demand for property to let for attractive rental returns, and it is unfair to dismissively undermine these people&#39;s investments merely on a whim! Secondly, there remains not only room for impressive annual capital appreciation in Bulgaria for the medium term but the nation has one of the fastest growing tourism markets in the world meaning that it is a hotspot for careful and considered buy to let property investment for the long term&hellip; SofiaEcho (http://www.sofiaecho.com/) News Panel - Properties news Sun, 25 Feb 2007 17:01:09 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/96/ Natura 2000 To Have Positive Effect On Bulgaria,s Tourism-Eco Party Leader The inclusion of Bulgarian territories in the European environmental network Natura 2000 would have positive effects on Bulgarian tourism, leader of Bulgaria&#39;s Party of the Greens Valentin Simov said. Natura 2000 aimed to preserve nature, one of the country&#39;s treasures, and to enable tourists access the protected areas, he said. Simov said as quoted by Focus news agency Natura 2000 would contribute to the development of ecological tourism in Bulgaria. Authorities had to convince Bulgarians that the owners of property in the protected areas would be compensated, said Simov. Simov used as an example the region selected for Varna port re-location, which was to be included in the protected areas list, but hardly had any rare bird nesting there because of the smoke. Environment and Water Affairs Minister Djevdet Chakurov will be responsible for the Natura 2000 consequences because he over-trusted his employees, Simov said. The ministry failed to inform Bulgarians about the compensation and the initiative in general, said he. According to plans 30 per cent of Bulgaria&#39;s territories are to be included in Natura 2000. Property owners from these regions protested against the limitations to be imposed with the introduction of the network, while environmentalists said that more areas should be listed in Natura 2000. SofiaEcho News Panel - Bulgaria news Sun, 25 Feb 2007 16:59:34 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/115/ After more than 38 780 hectares of land in the Nessebar region have been taken out of the list for inclusion in Natura 2000 environmental network, investors in the region are not wasting their time. The unusually high temperatures in January turned Bulgaria&#39;s coastal resorts in construction sites where intence construction activities are going on.Nesebar Municipality issued 1600 construction permits by December 31, Standart Dayly News said.However, most of them are issued for reconstruction of existing buildings and construction of garages.At the moment, three huge hotel complexes are being constructed in Obzor, 700 beds each. In Sveti Vlas the number of new buildings in different stage of construction is more than 50. In Slunchev Briag (Sunny Beach) Eastern part 7 new hotels are on their way, and in the resort&#39;s Western part - more than 40 holiday buildings are being constructed. 40 are the newly built hotels in Ravda, also.In Sozopol Municipality 30 holiday villages and complexes will be build. Fifteen luxury hotels in Tsarevo, Lozenets and Nestinarka camping will soon spring up. News Panel - Properties news Sun, 08 Jul 2007 00:09:27 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/121/ House prices on the overheated fringes of Europe have begun to turn down sharply, replicating the early phase of the sub-prime property slide in the United States. Irish property has fallen for the past four months in a row as higher eurozone interest rates start to bite harder, while the speculative bubble in the Baltic states has burst.House prices in the greater Riga region of Latvia fell 3.5pc in June, following a 1pc fall in May. Flats in the old city became more expensive than Berlin by early this year in a speculative frenzy, much of it with euro, Swiss franc, and yen mortgages that could prove disastrous if Latvia&#39;s currency is suddenly devalued - as may well happen, given the country&#39;s current account deficit has exploded to 26pc of GDP.Similar booms in Romania, Bulgaria, Croatia, and even Russia are all looking stretched to extremes. Danske Bank has warned that much of Eastern Europe has been inflated by a monster bubble that recalls conditions in east Asia shortly before the crisis broke in 1997.In Ireland, house prices dropped 2.6pc in first six months of the year to June, with falls of 3.3pc in Dublin. The slowdown is rapidly spilling across into building. House registrations are down 34pc over the first half. Roughly 15pc of housing stock lies empty, according to the Irish census.Jean-Michel Six, chief Europe economist for Standard Poor&#39;s, said extreme levels of household debt across large parts of Europe left the region vulnerable to tightening credit conditions. Debt levels are above 100pc of GDP in Ireland, Britain, Spain, the Netherlands, and Denmark.advertisement Spain is heading south. Local real estate companies have reported price falls on a quarter-to-quarter basis in Madrid and several other provinces, he said.French property prices fell 1.5pc in July - though they were still up 5pc over the year. House price inflation could turn negative in the second half of this year, he said, adding that proposals by President Nicolas Sarkozy to allow new buyers to offset part of their interest costs against tax would help support the market. The spate of interest rate rises by central banks is exacting its toll on disposable incomes already weighed by rising household indebtedness, he said. The European Central Bank has doubled rates from 2pc in December 2005 to 4pc.The recent turmoil has pushed up the effective rate of borrowing even further in some countries. Telegraph News News Panel - Properties news Sat, 15 Sep 2007 15:10:47 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/38/ Property fund ups size of holiday village development. Bulgarian special purpose vehicle Intercapital Property Development said it will resize the Marina Cape beachfront holiday complex it is developing near the village of Aheloy, on the Black Sea, adding 15,000 sq m to the initially planned 35,000 sq m of built-up area. The company plans a capital raise to finance the Aheloy project and the development of a 6,600 sq m lot in ski resort Borovets acquired earlier this year. Intercapital plans to float 1.625 mln new shares with an issue price of 4 levs. Source: news.dnevnik.bg News Panel - Properties news Fri, 15 Dec 2006 16:58:05 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/98/ Property in Bulgaria a buy to let success!!! According to the November issue of Quest Bulgaria, the specialist English monthly magazine about Bulgaria and Bulgarian property, tourist numbers are increasing by 22% a year and property prices have increased by as much as 30% in the past three years.The boom is having a knock-on effect on the buy-to-let market. A three bed-roomed coastal villa now enjoys an average rental price of &pound;550 per week giving a gross income of &pound;5,500 a year if it is rented out for a ten-week period. A rural three-bed-room villa fetches an average &pound;350 a week; a city or coastal apartment &pound;250.&ldquo;There is a genuine demand in Bulgaria for good rental properties in the right location,&rdquo; says Chris Goodall, managing director of Quest Bulgaria. &ldquo;But buyers need to be realistic about the rental returns they want and can achieve.&ldquo;In the past, over estimation of potential rentals has led to a vast discrepancy in prices leaving some properties standing empty. But those who have done their homework and work towards a realistic 5% return are sitting comfortably.&ldquo;As buyers recognise the reality of the rental market there has been a move away from cheap property towards proper levels of investment with upmarket, well located properties. Those who buy front line properties right on the beach, apartments right next to the ski gondola or a quality detached rural home with easy access are the ones obtaining good rental prices with higher occupancy. They&rsquo;ll also be the ones obtaining the best resales over the next few years.&rdquo;Buyers are spreading their risks too. One agent has reported that one in every 12 purchases in the second quarter of 2006 was for more than one apartment &ndash; a 107% increase on the previous quarter. News Panel - Properties news Sun, 25 Feb 2007 17:03:32 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/54/ PROPERTY MARKET SURVEY RANKS MOST POPULAR REGIONS IN BULGARIA The coastal resort Sozopol is the Bulgarian region with highest demand for real estate. 24 Chassa published a survey by imot.bg ranking Bulgarian regions based on the property demand. Sozopol offers over 400 plots for hotel construction and prices vary from 20 to 150 euro a sq m. The seaside resorts of Tsarevo and Ahtopol are also among the high demand regions. Prices are a bit lower, reaching only 120 euro a sq m. One problem, common for all coastal regions, is the low supply of quality plots since the villages are rather small and already over-populated during the summer season. As a result, demand for property in Sunny Beach resort has fallen. The resort had now turned into an urban area and even the most luxurious properties failed to attract customers&#39; interest, 24 Chassa reported. The rapid decrease of demand in Sunny Beach has led to a fall in real estate prices. Property prices depend on various factors including proximity to the sea shore. Accessibility to transport and communication routes was also of great importance, 24 Chassa said. Source: http://www.sofiaecho.com. News Panel - Properties news Fri, 15 Dec 2006 17:05:03 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/49/ PROPERTY PRICES IN BULGARIA MAINTAIN GROWTH RATE Property prices in Bulgaria were so low it was impossible to make losing investment in the country&#39;s real estate sector, International Herald Tribune reported. At the same time property prices are constantly on the rise. In one year residential property prices went up 36.6 per cent, data of the National Statistical Institute shows. Prices are still much lower than the value of similar property in other Central and East European countries, like Slovakia, Romania and the Czech Republic. West European property seekers are mainly lured by the opportunity to purchase a cheap vacation house in Bulgaria. A smaller number of foreigners look for property investment opportunities in the country, IHT reported. Foreigners are involved in 23 per cent of the real estate deals concluded in the country in 2005. Real estate turns out to be Bulgaria&#39;s fastest-growing economic sector, data of the national property association shows. International analysts, however, said that foreign investment was not the driving force behind the development. Domestic growth played the major role, IHT said. Interest is also on the rise because of Bulgaria&#39;s expected EU entry. Construction costs, prices and property revenue are all expected to increase once Bulgaria becomes member of the union, IHT reported. Source: http://www.sofiaecho.com. News Panel - Properties news Fri, 15 Dec 2006 17:03:16 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/93/ Russian Tourists Prefer Bulgaria to Turkey More and more Russian tourists choose to visit Finland and Bulgaria in the summer rather than going to Turkey.Vladimir Strzhalkovsky, director of the Federal Tourism Agency, was cited by the Russian online edition Finansovi izvestia as saying that since the beginning of the year the number of tourists coming to Russia has gone up by 11% due to the growing number of Bulgarian and Finnish tourists.Bulgaria&#39;s tourism industry is one of the country&#39;s fastest developing economic sectors. News Panel - Bulgaria news Sun, 25 Feb 2007 16:51:56 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/55/ Seaside Apartments Cheaper than Sofia Garages Prices of apartments in Bulgaria&#39;s seaside resorts have plummeted because supply widely surpasses demand. About a 100,000 apartments have been put up for sale all over Bulgaria&#39;s coast and their prices have become lower than that of a garage in capital Sofia, a report by imot.bg states. People willing to make a geenfield investment should cough up about EUR 1,000 per square meter for their apartment, but the trick now is to wait. Once the buildings have been finished, the price drops in half and decent flats in Bulgaria&#39;s southern seaside can be found for about EUR 400 - EUR 500 per square meter. However these apartments are located about a kilometer away from the beach and few are interested in laying a hand on them. Bearing in mind that over 50,000 apartments are waiting for a buyer at southern resorts, compared to 400 garages in Sofia, it is no wonder that the latter cost EUR 600 per square meter. Looking straight over the shimmering seawaters, however is still a luxury, however, especially with the few frontline spots left for building. Those apartments cost about EUR 2,000 per square meters, and the top-notch maisonettes can hit a total price of about EUR 500,000. Despite the steep drop brokers are not expecting even lower prices, mainly because constructors are really close to reaching the minimum that would cover the loans they had withdrawn, the report says. Source: Sofia News Agency, www.novinite.com. News Panel - Properties news Fri, 15 Dec 2006 17:05:31 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/106/ Sensational golden dagger reveals the secrets of life in Thrace 5,000 years ago A well-preserved 5,000-year-old golden dagger recovered from a tomb in Bulgaria has been described as a sensational find that sheds light on the long-lost civilisation of Thrace and shows the Thracians to be sophisticated metal-workers rather than illiterate, bloodthirsty savages. The artefact, which archaeologists think dates to 3,000BC, is the latest in a series of finds in central Bulgaria that have led to the region being called the Valley of the Thracian Kings . It&#39;s really a sensational discovery, said Bozhidar Dimitrov, head of the Bulgarian National Museum of History. The dagger, which we believe is made of gold and platinum, most probably belonged to a Thracian ruler or to a priest. More than 500 pieces of delicate golden jewellery were also found in the tomb, itself discovered two years ago near the village of Dubovo, 75 miles east of the capital, Sofia. The objects, unearthed over the past few weeks, have been faultlessly preserved and will soon go on public display. Read more about that here. The Independent News Panel - Bulgaria news Thu, 05 Apr 2007 17:24:56 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/80/ Seventy British Families Settle down in Gabrovo While British media regularly circulate publications as to how dangerous it is to live in Bulgaria, seventy British families have chosen to settle down in the region of Gabrovo in the heart of the Balkan. Most of them have bought real estates in the villages near the towns of Tryavna, Dryanovo and Sevlievo, officials from the Migration Department of Gabrovo Municipality said yesterday. The subjects of Her Majesty have submitted forty applications for long-term residence visas. They intend to repair the old houses and to bring here more relatives from the UK. Peter Simeonov/&rdquo;Standart&rdquo; newspaper/ News Panel - Properties news Sat, 27 Jan 2007 16:31:25 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/53/ SOFIA PRESENTED FOR THE FIRST TIME IN PROPERTY INVESTMENT FAIR Sofia municipality will be presented as an investment destination during the first international specialised property fair Real Vienna. The fair starts on May 31. It would focus on investment opportunities in Souteast European countries and on new market tendencies, Bulgarian National Radio reported. Property seekers are interested in opportunities in Eastern European destinations like Bulgaria, Russia and Ukraine, analysts said. Other European capitals to be presented during the fair include Bucharest, Bratislava, Belgrade, Moscow and Vienna. Over 300 investors, property funds, banks and consultancy agencies will take part in Real Vienna. Sofia municipality takes part in such investment forum for the first time. Its participation in Real Vienna is part of the new municipal presentation strategy. Source: http://www.sofiaecho.com. News Panel - Properties news Fri, 15 Dec 2006 17:04:43 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/50/ SPA TOURISM POTENTIAL HIKES PROPERTY PRICES IN BULGARIAN RESORTS Growing interest in the construction of spa centres resulted in increased real estate prices in some popular Bulgarian spa resorts. Spa tourism remains relatively undeveloped but has considerable growth potential, 24 Chassa reported. At present the most profitable investment was buying hotel in a spa region, the newspaper said. According to imot.bg, Velingrad was the town with highest spa hotel development potential. The town offers over 20 hotels at an average price of 675 euro a sq m. Buildings in need of additional repair work are usually sold for 250 euro a sq m. Pomorie offers the most inexpensive hotels with average prices around 600 euro a sq m. Apart from hotels, investors show interest in purchasing old houses later renovated into small but high-quality spa centres. The town of Hisarya offers nearly 40 houses suitable for these purposes at prices of 312 euro a sq m. In comparison, a similar house in Velingrad would cost432 euro a sq m, 24 Chassa reported. Despite their popularity as spa centres, the towns of Sandanski and Pavel Banya offer little for investors interested in hotel construction. The houses for sale need considerable repair work. Prices vary between 496 and 172 euro a sq m. Source: http://www.sofiaecho.com. News Panel - Properties news Fri, 15 Dec 2006 17:03:38 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/114/ On January 17 the Bulgarian NGO TIME Foundation presented its project Sustainability Demonstration Techno Centre. The centre will function as a hotel and a conference centre called Hiltop. This makes the eco-centre unique because all similar projects in the world like in the US, Britain, Italy and Holland, function as museums.The centre will be built in the village of Zdravkovets, near Gabrovo.A number of &#39;eco innovations&#39; feature in the building and yard space design. Usage of natural construction materials, renewable energy sources, utilisation of rainwater are among these innovations. Some of them will be used for the first time in Bulgaria.The project is developed by TIME foundation using funds from Europe Programme 2003 and the support of UN.Hiltop Hotel will have accommodate 68 people. It has restaurant area, conference and educational centre.&ldquo;The Sustainability Demonstration Techno Center of TIME Foundation is a practical expression of the idea to design modern and comfortable buildings, which are healthier for their occupants and respect the environment,&rdquo; TIME Foundation said.The construction of the eco centre will cost two million leva or EUR 1.022 million.The usage of eco innovations raises the construction expenses with 10 to 15 per cent. They pay off for about three years.Elena Petkova form TIME Foundation said 40 per cent of the sum needed for the project completion is raised.&ldquo;We search for support and partners in order to make it possible for the construction to begin this summer&rdquo;, she said. News Panel - Bulgaria news Sun, 08 Jul 2007 00:08:16 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/101/ The fast rate of increasing of the foreign investments in the last years will be a fact in the year 2007 as well. Some of the main reasons for that are surely the accession of Bulgaria to the European Union, as well as our country&rsquo;s opening towards new entrepreneurs. Those of them that are aimed at the construction of industrial rooms or logistics centers are mostly in search of lots, which are situated in the vicinity of big infrastructure sites, such as airports and first class roads. Usually, in case that a room (either a warehouse, or a production hall) is situated in the vicinity of good infrastructure, the transport expenses are considerably lower. Having in mind the comparatively cheap labour in our country, that plan turns out to be extremely profitable to the foreign entrepreneurs, say analysers. The market of lots that are situated in the vicinity of big infrastructure site is still best developed in the capital. But, gradually, other big cities turn out to be attractive in this respect as well. In Sarafovo, near the airport of Burgas for instance, approximately 100 lots are being offered. However, only 30 of them are in close vicinity of the airport. The price of one square meter varies from 6 to 25 Euros. An estate with area of 7000 square meters is being sold against the price of 12 Euros per square meter. The lot is appropriate for the construction of warehouses and industrial rooms. Nearly all lots are being offered in the vicinity of Varna Airport. They are situated near the quarters Asparuhovo and Vladislavovo. One square meter costs nearly 30 Euros. The parcels that are in the vicinity of &ldquo;Hemus&rdquo; highway are being offered for 43 Euros per square meter. There are two regions with big infrastructure sites in Plovdiv &ndash; the airport in Krumovo and &ldquo;Trakia&rdquo; highway. Nearly 30 lots are being offered in the vicinity of the airport. The average price per square meter is 9 Euros. The estates have areas of 1000 &ndash; 4000 square meters. Agricultural land of nearly 5 decares, near the asphalt base behind the airport, is being sold against 7 Euros per square meter. Another 2-decares lot, which is situated in the vicinity of the Plovdiv airport, is being offered against 4 Euros per square meter. The estate is in close vicinity of the Asenovsko Shosse, near a gas station. The biggest parcel is a 10-decares one. Its price amounts to 70 000 Euros. Fifty lots are being sold in the Plovdiv part of &ldquo;Trakia&rdquo; highway. The prices vary from 8 to 30 Euros per square meter, depending on their remoteness from the high speed road. In case the lot is in close vicinity, its price is nearly 30 Euros per square meter. In case it is under regulation, the price could reach 40-50 Euros per square meter, but such deals are concluded quite rarely. The estates on second and third line could be purchased against 8-15 Euros per square meter. The investors are free to choose lots from 6 to 10 decares large. There could hardly be offered any lots in the vicinity of the airport in Russe, which is situated in the region of the village of Shtraklevo, since the airport does not work at present. The price of the few lots, which are being sold, amounts to 5 Euros per square meter. They are nearly 1000 square meters large. The land market near the port is much more developed. Nearly 70 parcels are being sold there, and their price amounts to 45 Euros per square meter. The estates are from 7 to 30 decares large. A 13-decares large parcel under regulation could be bought against 25 Euros per square meter. Land of 33 000 square meters, situated behind Danube bridge, is offered for 30 Euros per square meter. Parcels against 35 Euros per square meter are offered in the duty free zone as well. 24 Hours Daily News Panel - Properties news Fri, 23 Mar 2007 11:24:11 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/57/ UK Company to Invest EUR 20 M in Bulgarian Vacation Village UK company EskiZara will invest more than EUR 20 M in the construction of a vacation village near the southern Bulgarian city of Stara Zagora. The project that will be developed with the assistance of the Agency for regional economic development will be presented on Monday. The investment will be used for the construction of a vacation village with medical and trade centres, sports and spa areas as well as for the establishing of partners&#39; projects for the restoration of the culture and history heritage in the region that would be used as tourism spots. EskiZara Golf at Spa Valley is a new concept in golfing destinations and cultural property developments. It is a community of exclusive villas with 18 hole championship golf course completing in 2007 with on-site mineral and spa waters, beauty treatment centre and cosmetic dentistry practice. Source: Sofia News Agency, www.novinite.com. News Panel - Properties news Fri, 15 Dec 2006 17:06:22 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/81/ Villagers Get Ready to Become Europeans The community centre in the village of Gradishte, Gabrovo region, central Bulgaria has launched an initiative to educate the predominantly elderly population on how to welcome foreigners after Bulgaria&#39;s EU accession. Three series of lectures are envisaged. The first topic is Psychological training for Bulgaria&#39;s EU accession . The second is about street sanitation in Gradishte. The third cycle of lectures is addressed mainly to the fair sex and lays the stress on how to communicate with the refined Westerns. People in Gradishte also plan to plant an orchard tree to mark Bulgaria&#39;s accession. However, they haven&#39;t decided yet what fruit this tree would bear. Petar Simeonov/&rdquo;Standart&rdquo; newspaper/ News Panel - Bulgaria news Sat, 27 Jan 2007 16:39:18 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/48/ VILLAGES CLOSE TO BULGARIA&#39;S CAPITAL ATTRACT MORE PROPERTY SEEKERS A new tendency can be observed on the Bulgarian property market. Increasing number of real estate seekers prefer to purchase property in the villages located close to Bulgaria&#39;s capital instead of apartments in Sofia. Villages located up to 30km away from Sofia offer houses at affordable prices and attract the attention mainly of young families unwilling to risk with untraditional purchase, Darik Radio reported. Apartments in Sofia maintained unreasonably high prices, even when the construction quality was lower, Darik reported. Modern buildings cost more and to bring prices down constructors offer unfinished apartments for sale. The Iskar gorge region offers property at affordable prices, mainly villas that do not require major restructuring. Prices of villas in regions close to Sofia vary from 10 000 to 50 000 euro. Young families were interested in the acquisition of villas and the modification of such into permanent residence. Transportation to the capital was unproblematic due to the speed of trains and the expected completion of Sofia&#39;s underground, property agents said. Though property analysts predict decrease in the price of Sofia apartments in the end of 2006, the number of investors willing to buy such is not expected to increase significantly. Source: http://www.sofiaecho.com. News Panel - Properties news Fri, 15 Dec 2006 17:02:55 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/1/ Overseas Properties LTD. are independent English-Bulgarian real estate company. Our main offices are located in Ipswich-Uk and Sofia-Bulgaria. We have our representative agents and local contacts in all key locations around Bulgaria. Our company has its professional team of agents, translators and solicitors who would forms your documents and you can communicate with him on every time. In a property trading we are engaged mostly in Bulgaria, but from a certain time our friends from all over the Europe to which we have intermediated to rest at our Black sea coast, in the beautiful mountains areas and to participate in safari, hunting and fishing. Some of them started to show interest to invest in a business and properties in the country, that pushed us to enlarge our business abroad too. Our property list is updated permanently, so you can found the right for you.If you not found your dream property our team would make a custom research for you.Enjoy, make your investment in newest European country Bulgaria! News Panel - Properties news Tue, 19 Dec 2006 14:58:53 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/82/ Why Bansko #author# Bansko is one of the fastest developing Bulgarian mountain resorts. The reasons being the following: Extremely beautiful nature in the mountain equally attractive during all seasons; situated at the foothills of one of the most beautiful Bulgarian mountains &ndash; Pirin which is an international natural preserve with its unique flora and fauna; Mineral water springs; Temperate climate &ndash; pleasant summer (25&ordm;C &ndash; 30&ordm;C) and mild winter temperatures (-2&ordm;C &ndash; +10 &ordm;C) with enough snowfall for a 4 &ndash; 4,5 months ski season; Rich history and cultural heritage, remarkable old architecture, unique local folklore and traditions; Really favourable location with view to the mountain from all sides;Ecologically clean area; Quick access &ndash; 2 hours from Sofia, 2 hours from Plovdiv, 1,5 hour from Macedonian, Serbian and Greek borders, 3 hours from the border with Turkey; Very well planned and executed development of ski runs, facilities, infrastructure and new tourist buildings on behalf of investors and municipality all according to European standards;Enough new territories for future development and growth; Over 200 million Euro have been invested in Bansko for the last 5 years, including 15 million Euro credit from EBRD for a new cabin lift in the skiing area; There are several projects are in the process of implementation in Bansko: Building of three new five-star hotels (one of which is a Kempinski Hotel), over 50 three and four star hotels in the town of Bansko area; New buildings with apartments for sale and for rent are being built; Residential units are going to be built in the near villages of Banya and Dobrinishte, and these are villages famous for their mineral water springs; The plan for development of the skiing area in Dobrinishte has been approved; A project has been approved and in the year of 2005 the construction of another cabin lift is going to begin in the skiing area, analogical to the first one, the Gondola ski lift; The leveling of the ski runs in the skiing area is going to be completed this year, turning them into some of the best ski runs in Europe; The project for development of the area between the mountain and the near town of Razlog has been approved; this includes building of golf course, tennis courts, hotels and houses. The building of the tennis and golf club is going to be started by a local investor in 2005. What is interesting in the present situation in Bansko Bansko and the adjoining villages are facing a new stage in their development that will lead to building up of the free areas among these places in the next 8 to 10 years The construction of the new road and the new skiing area is going to create a new market with potential for new building for an estimated 300-400 million Euro There are subjective and objective circumstances that would allow for the new development to be implemented according to plan and with the participation of municipal and private investors All these are a very solid basis for Bansko&rsquo;s future development and for its becoming of one of the best all-year round mountain resorts in South&ndash;East Europe News Panel - Properties news Sat, 27 Jan 2007 16:42:32 +0100 http://www.overseasproperties-bulgaria.co.uk/realestate/content/view/108/ &bdquo;Lighthouse Golf Resort&rdquo; near Balchik The shaping work of the first six holes at Lighthouse Golf Resort, Bulgaria is progressing well and the installation of the drainage system has started. Three of the blocks located at Green District are on a shale stage, the construction of the other three blocks are already updated. Ian Woosnam is working alongisde European Golf Design on this course and at Pirin Golf Club too. Construction is underway on an 18 hole, par 71 course in Bulgaria. Lighthouse Golf Resort is located on the Black Sea shore, between the resort town of Balchik and the rock capital of Bulgaria &ndash; Kavarna The distance from Varna International Airport Is less than 40 minutes. Working alongside European Golf Design will be Ryder Cup Captain Ian Woosnam. Lighthouse Golf Resort is situated high on top of cliffs only divided from the sea by a small strip of the land and benefits from spectacular views along the coast in either direction. Having predominantly been used for agriculture in the past the site lacks much feature although there is great scope for the movement required to create an interesting Golf Course and Resort. At the end of October Ian Woosnam made design visits to two projects in Bulgaria he is designing with European Golf Design. Lets remind you that he spoke about his excitement to be involved with both projects and said: &ldquo;I&rsquo;ve done a few golf courses in different parts of the world,&rdquo; he told the news conference, &ldquo;but I have to say this is the most impressive that I&rsquo;ve seen&rdquo;. There are two golf courses in a westerly direction on the way to the town of Kavarna. If you want, you can take a look at Lighthouse Golf Resort - Green district and the availability of the apartments in it. European Golf Designed News Panel - Properties news Thu, 05 Apr 2007 17:27:31 +0100