The number of Russians seeking property in Bulgaria had doubled in 2006 as compared to the figures for 2005, Address real estate agency executive director Katya Tsenova said. High Russian interest in the Bulgarian property market would continue in 2007, Tsenova said as quoted by Focus news agency. Russians were buying mainly high quality apartments in the Black Sea coastal resorts and in the centres of
Though Bulgaria and Romania underwent recently a number of positive changes, including EU entry, foreign property seekers needed to invest carefully in the two countries, Assetz reported. Since several years both countries have been seen as property investment hotspots. Prices were going up but agents could not predict if the tendency would continue in the future, the report said. Cultural integration and
Several years ago, analysts in Bulgaria found it difficult to believe that property investors will become interested in areas close to Bulgarias bigger cities and will launch a number of projects there. Investors have worked on entire apartment and villa complexes in smaller and less popular regions, 24 Chassa newspaper reported. Significant amount of funds was allocated to such projects. A number of property seekers
The actual value of property deals completed in Bulgaria for 2006 is expected to reach between 9.5 and 10 billion euro, National Real Property Association president Orlin Vladikov said. The number of property deals in the country in 2006 would probably be known by midJanuary 2007, he said. According to initial predictions the number of deals will reach 280 000. The figure represents an increase of 22 to 25
The number of British holidaymakers in Bulgaria would continue to rise after Bulgarias EU accession, property agents said. Bulgarian Land Development BLD paid 3.4 million British pounds for more than 56 000 sq m near Borovets winter resort. BLD planned to construct a complex of villas and apartments on the bigger part of the plot. The area was very popular among Britons, Daily Telegraph said. BLD executive