News

The rapid increase of land prices in Bulgaria and the forthcoming EU membership of the country, have quicken the interest of the international property companies.

The rapid increase of land prices in Bulgaria and the forthcoming EU membership of the country, have quicken the interest of the international property companies, indicates the Wednesday issue of Wall Street Journal, quoted over the BBC radio program.

AS the Financial Times put it earlier this year, “an Englishman’s second home in the sun may have long been his casa, but in the 21st century it is more likely to be his dom or kuca”.
This is the prediction of overseas property experts, who are seeing a gradual switch in demand for second homes from the traditional sunspots of Southern Spain and France to the emerging markets of central Europe, including Croatia and Bulgaria.

After years of spectacular growth, real estate markets in Bulgaria and Romania are gradually slowing down with supply catching up with demand for the first time in years.

The number of buyers in both countries has dwindled since early 2005, though new homes are still rapidly being built. This has led to a slowdown in last year's record rate of house price inflation and speculation of a buyers' market.

Bulgaria is expecting a notable increase in the number of UK vacationers this summer.

June 2005, Sofia, Bulgaria ADIS Ltd. launched new front office in the heart of the city. Avangard multimedia will be utilized in a highly transparent walk-in type of real estate office.

For the fourth year the Bulgarian winter resort of Bansko gathered fans of extreme skiing and snowboarding from all across country, Europe and the United States.

The contest took place at the north fringe of Todorka peak (2,748 m) in the mountain of Pirin.

The event triggered extreme interest among many international media representatives. Prestigious US magazines in this field like Powder Magazine, Skiing Magazine published articles about Bansko and Bulgaria, after their representatives attended the event.

According to the organizers, the event aims to make popular the resort of Bansko among the extreme skiers and snowboardists from all over the world.

Thousands of people are selling up and leaving behind Britain every year and making new lives in other countries. But is escaping to the sun all it’s cracked up to be? Daniel Davies spoke to one Welsh couple who now sell property in Bulgaria

HOW many people have dreamed of ditching their jobs and heading for the sun? Probably more than have dreamt of ditching their jobs and heading for Bulgaria.

STROIKO 2000 is Bulgaria's biggest trade fair in the housing industry. The show provides the building community exposure to mostly European products and technology related to the home building industry, commercial building materials and equipment, as well as remodeling and home furnishings. The 34th Stroiko 2000 Expo for architecture, building and furnishing is to open doors Wednesday in Sofia, arch. Zdravko Gochev representative of the organizers ABG and Miniart said. The expo due to end 29 March 2005 is organized twice a year, presenting the up-to-date tendencies in the architecture and construction worldwide. Stroiko 2000 will take place in the National Palace of Culture occupying space on all eight floors of the building and presenting Bulgarian and foreign products on attractive prices. The exhibition also offered links between clients, financiers and construction firms, by giving space to Bulgarian Post Bank and HVB Bank Biochim, in addition to the type of firms that usually have taken part in the fair. The two banks offer low-interest loans and payment in installments.

A British-Bulgarian business forum will run April in Sofia under the motto "Bulgaria - Business and Investment Opportunities 2005".

The business forum is organised by the Bulgarian Business Leaders Forum (BBLF) in cooperation with the British Embassy in Sofia and the Bulgarian Embassy in London.

Beware the cheap and nasty Bulgarian dream with all ups and downs of its property world, the British Telegraph wrote.

The author of a chastening article on Bulgarian real estate market refers guardedly to the countless thousands of British investors who are planning to buy property in the Balkan country.