Bulgaria Cheap Properties

Foreigners buying property in Bulgaria are aware of local regulations since in most cases they use the services of Bulgarian companies that deal with legal issues, representative of Home for You Ivan Goranov said. Goranov responded to an article that appeared in Daily Express saying that a number of British property seekers were cheated in Bulgaria. Problems occurred since foreigners do not own the land on

Nearly 330 exhibitors from 18 countries took part in the 16th edition of International Property, Investment and Finance Fair REFE, an increase of 12 per cent in comparison to figures for the previous year. REFE took place from April 20 to 22 in Poland. In the investment part of the 16th REFE banks, property managers, city and commune councils presented property investment opportunities. Discussions on finance

Representatives of the Environment Directorate General of the European Commission will come to Bulgaria in connection to the introduction of the Natura 2000 environment preservation network.Projects to be carried out in the potentially included areas will undergo environmental evaluation first, Environment and Water Affairs Ministry said. EC representatives said that Natura 2000 does not aim to ban

The average price of land in the centre of Sofia increased by 1.07 per cent in April, the national real estate company Foros said. Prices reached 1 700 euro per sq m, which is the highest average price for land in Sofia so far, investor.bg reported. Second ranks the region near Sofias Medical Academy, where land prices reached 1 394 euro per sq m. Third is the residential district Zona B19 with prices of 1 268 euro per

Investor interest in business property in Bulgaria grows. Most investors plan developments like retail centres, real estate agents said. Bulgaria faces numerous problems related to retail and office space, investor.bg reported. Figures for Bulgaria show that 160 sq m of retail space is available in Bulgaria per 1000 people. In comparison, 1000 people in Poland enjoy 520 sq m of trade area. Concerning office space, the

Logistics Park Varna got a first class investor certificate on April 25.The centre is being set up in the industrial zone of the coastal city of Varna. Upon completion it will have built up area of over 80 000 sq m. The centre will have storage areas, office space and retail centres meeting international requirements. FairPlay International and Bulgarian Property Developments feature among the project investors.

The average residential property prices in Bulgaria for the first quarter of 2007 reached 988.2 leva per sq m, data of National Statistical Institute NSI showed. The price increase is 9.3 per cent compared to figures for the last quarter of 2006 when the average price reached 904 leva per sq m, investor.bg reported. Most expensive apartments in the first quarter of 2007 were offered in the coastal city of Varna,

Investment company Global Finance plans to invest over 50 million euro in the construction of a multifunctional complex in Sofia. The company has already bought a plot in Sofias residential district East worth 17 million euro, investor.bg reported. The complex will include offices, commercial and residential terrains having a total builtup area of over 40 000 sq m. Global Finances real estate investment fund Global

The increasingly intense construction of vacation villages in Bulgarian resorts led to stagnation of the house market in the region. The coastal cities of Bourgas and Varna exhibit the most visible overconstruction, investor.bg reported. The number of houses offered for sale in each of the two towns reached 1100. Most potential buyers look for property located close to the beach, which limits the chances of some owners to

At least eight projects for hotel construction in Bulgarias Hisarya spa resort have already received approval, Hisarya municipality said.The town is famous with its healing mineral springs, investor.bg reported.Bulgarian and foreign investors showed their interest in the town. Large plots feature among the most wanted terrains for the construction of hotels, spa centres and smaller vacation houses.