Emerging Real Estate news
Five European destinations that won't kill your budget - Bulgaria and Berlin
26/06/2008
Yes, it's true: Europe airfare prices are outrageous this summer and the dollar is being beaten to a pulp by the euro. Fortunately, there are still a few places that offer American travelers good value.
Plan to Build Yacht Marina on Bulgarian Coast
09/06/2008
Investors have earmarked more than 100 million euros for the construction of about a dozen yachting marinas on the Bulgarian Black Sea coast over the next couple of years, it emerged at the sailing conference held in local resort Riviera. At the moment, sailing crews can dock at yachting ports in Balchik, Sozopol, Nesebar and the resorts of Sunny Beach, Golden Sands and Sveti Vlas.
British Tourists Flock To Bulgaria
05/06/2008
Rental investors in Bulgaria are seeing a surge in demand for tourist accommodation this summer, it has emerged.
Prices of Bulgaria Real Estate to Grow 15% in 2008
27/05/2008
The global real estate company ERA has predicted a 15% increase in the prices of real estate properties in Bulgaria in 2008.
Emirates Company to Invest in Luxury Real Estate in Sofia
27/05/2008
The "Emirates Investment Company" is going to invest in the construction of a congress center and luxury hotel in Sofia, as announced by the company's owner, sheik Tarek Al Qassimi after the conclusion of his meeting with Sofia's mayor Boiko Borissov.
Bulgaria Residential Property Prices up 7% in Quarter 1 2008
24/04/2008
Prices for the residential properties in Bulgaria registered an increase of about 7 percent since the beginning of the year, data of the National Statistical Institute show.
Morocco: The Gateway to Exotic Africa
17/04/2008
With its heady mix of culture, colour, heat and excellent geographical location – just 9 miles from Spain, Morocco has really started to capture the imagination of overseas property investors. For years, the country was seen by many as an out of reach tourist destination but all that changed when King Mohammed came to the throne in 1999.
Commodity Boom Reshapes Economy in Quebec
15/04/2008
Despite concerns that some commodity prices are caught up in a speculative frenzy, there's a case to be made that the 6-year-old boom now encompassing everything from oil to grains to industrial metals will be a dominant force in Canada's economy for some time to come.
Tesco to Spend $750m on Turkish Expansion
14/04/2008
Tesco plans to invest about $750 million (£380 million) on tripling the size of its business in Turkey to more than 150 stores over the next five years.
Sofia Property Prices up 10% to 17% in Quarter 1 2008
03/04/2008
Prices for diverse types of real estate property in Bulgaria's capital Sofia registered an average increase between 10% and 17% since the beginning of the year, a Bulgarian economic think-tank said.
Bulgaria's Mountain Resort Bansko Boasts Strong Winter Season
01/04/2008
More than 600 000 tourists have visited Bulgaria's hotspot mountain resort of Bansko since the start of the winter season, the mayor said.
Bulgaria to Receive Additional EU funds through New Grant Programme
31/03/2008
Bulgaria will be able to receive additional funds from the EU before 2013 outside the already approved operational programs, the Bulgarian National Radio reported.
Turkey's New Rich find the Midas Touch
09/03/2008
She was only eight when she began visiting the family’s bank during school holidays. Today, Suzan Sabanci Dincer is its managing director and will one day take over an empire employing thousands of people in dozens of companies all over the world.
Berlin: The Face of a New Germany for Investors
08/03/2008
Over the last 12 months, the emergence of Berlin as one of the world’s property investment hotspots has been obvious but what is the truth, the potential and the pitfalls of this dynamic, cultural and economic metropolis?
Bulgaria 'Tops Investors' Wish Lists'
27/02/2008
Bulgaria, Turkey and France are the three countries set to see the biggest growth in demand among overseas property investors, a new survey has found.
Cape Verde's Competitiveness to be increased
27/02/2008
Cape Verde's competitiveness could be in for a boost following the launch of a new scheme, which may interest those considering overseas property investment in the country.
Sofia Home Price Up, supply of holiday homes slow
26/02/2008
The Sofia residential market stayed strong throughout the second half of 2007 and, according to the latest research findings from Colliers International, displayed significant price increases in most locations.
World Superstars Boost Sofia Property Prices
13/02/2008
Obelisk says Sofia property investments are attracting the attention of Hollywood celebrities and pop icons, prompting the emergence of a new luxury market.
Bulgaria Residential Property Prices up 18.6% year on year
21/01/2008
Prices for residential real estate in Bulgaria grew by an average 18,6% in 2007 over the previous year due to the developing market and brisk demand, realtors said.
Malaysian Property 'Top Choice' in Asia
15/01/2008
One of Asia’s largest property portal owners, iProperty.com, has released part one of its Asia Property Trends Survey 2007 which reveals the buying patterns and trends of foreign investors in the region.
Bulgaria Named World's Strongest House Price Riser
06/01/2008
Yet another research has pointed Bulgaria as the country with the world's strongest house price growth last year amidst a global cooling of the property market.
Skiing Conditions Perfect in Bulgaria
01/01/2008
Skiing conditions in Bulgaria's winter resorts are great on the eve of the New Year, the Mountain Rescue Service reports.
Cape Verde buy-to-let may be boosted by tourism
31/12/2007
In news which may interest those looking to invest in overseas property, Cape Verde is experiencing a major growth in tourism as part of a shift in tastes that is seeing new destinations grow in popularity at the expense of traditional European locations, it has been reported.
Top Skiers Open Season in Bansko, Bulgaria
17/12/2007
Alpine ski top stars were guests to the official opening of the new season in Bulgaria's biggest winter resort Bansko on Saturday.
Bulgaria Named Fastest Riser on World's Property Market
11/12/2007
Property prices in Bulgaria rose faster than anywhere else in the world in 2007, according to a survey by a leading British estate agency.
Skier Shopped
09/12/2007
An Irish skier has been arrested in Bulgaria after breaking into a furniture store to sleep in a bed for the night after he could not find his hotel.
Falling House Prices and Steady Rents are Luring Investors
16/11/2007
House Price inflation is a virus that most of Europe has caught from the UK, but one country has remained immune.
Bulgaria Booms Despite Credit Crisis
10/11/2007
Home owners in many parts of the world have reason to worry about the implications of the international credit crunch. In Bulgaria they do not. Bulgaria's residential property market is showing unexpected resilience to the impact of the crisis thanks to investment by east Europeans and increasing numbers of local buyers.
Sofia Airport Area to Take Off
11/10/2007
As Sofia expands to meet demand for high-quality office space and commercial premises, the district around the international airport is set for rapid development, reads an article in the Thursday edition of Financial Times.
America's creative elite invade Berlin, city of cool
07/10/2007
Affordable rents and the cultural buzz are luring top-level US talents to a reborn German capital
Bulgaria Boasts Europe's Highest Rate of Property Ownership
03/10/2007
Bulgaria has one of the world's highest rates of property ownership and tops the chart in Europe, a study shows.
IBM to open up in Bulgaria
02/10/2007
U.S. company IBM said it will open a center for managed business process services in Bulgaria by the end of 2007.
Air Travel from Sofia to London Heathrow for €59
28/09/2007
One-way ticket from Sofia to London Heathrow at the price of EUR 59 will be issued by British Airways, company officials announced.
Bulgaria - Foreign Arrivals Up 7% year on year
24/09/2007
Foreign tourist arrivals rose 7% year-on-year to around 4 mln in January-August 2007, said the local tourism authority.
Bulgaria Property Prices Jump
23/09/2007
Bulgaria's residential property market has recorded the world's second-highest increase in prices in the second quarter of 2007, overleaped solely by Latvia, according to a new global research.
Residential Property Prices in Bulgaria's Capital Most Expensive in Iztok Complex
30/08/2007
Residential property prices in Sofia saw the highest increase in the Iztok borough for the first six months of 2007.
Foreign analysts put this year's foreign investments at 7.2bn euros
21/08/2007
Romania is going to attract foreign direct investments worth approximately 9.5bn dollars (7.2bn euros) this year, believe the analysts of 12 foreign financial and research institutions, which responded to a poll conducted by Consensus Economics organisation.
Demand fo Apartments for Rent Near Universities in Bulgaria Increases
20/08/2007
The rental market in Bulgaria is expected to experience substantial growth in the second half of August and the beginning of September 2007.
Montenegro - a hot destination
15/08/2007
During the first half of the year, the official statistics from the Montenegro Tourist Office show that 261,645 tourists, 209,723 of whom were foreigners visited the country.
Mortgage Market in Bulgaria Grows by 40 per cent in first half of 2007
10/08/2007
The credit market in Bulgaria has continued its dynamic development in the first six months of 2007 driven by mortgage loans, says a Credit Centre survey.
Mercedes-Benz sales up 40% in Romania
09/08/2007
In July, automobile sales accelerated after witnessing a slight decrease during the previous month.
Budget carrier EasyJet to open Sofia-London route in November 2007
09/08/2007
British low-cost air carrier easyJet Wednesday announced it has added Sofia to its destination network.
Mortgages on Cape Verde Property
08/08/2007
Cape Verde's emerging property market received another boost in late July, with the announcement that a company which specialises in overseas mortgages would be extending its services to the African islands.
Sales of Porsche cars double in Romania
07/08/2007
Last month, Porsche saw its sales triple domestically against last July to 16 units, while Audi, the premium brand of the Volkswagen-Audi group, registered an increase of over 70% in sold units to 252 units, according to Porsche Romania, which represents the VW, Audi, Seat, Skoda and Porsche brands.
Bucharest wages: at least 50% higher than in the provinces
06/08/2007
On average, wages in Bucharest are at least 50% higher than in other cities in Romania, and when it comes to management positions the gaps are even greater, explains Camelia Stanculescu, general manager of the local office of Manpower, one of the leading players in the field of personnel leasing.
Average net salary for bank employees tops 1,100 euros
05/08/2007
The average net wage in the banking system in May overshot the 1,000-euro mark for the first time ever, National Statistics Institute (INS) data say. Employees of this sector earned an average net wage of 3,746 RON (1,142 euros), 24.8% more than in April. This is also the highest increase in net wages per field of activity.
Bulgaria's Bullish prices
03/08/2007
Apartment prices in Bulgaria are continuing to rise, according to figures recently released by the country's National Statistical Institute (NSI).
Bulgarian property market is "ideal"
25/06/2007
Bulgaria is enjoying a strong property market since joining the European Union, claims real estate portal RightmoveOverseas.
Bulgarian company to build 5 million euro Shopping Mall in Bansko
12/06/2007
Local company Bansko Privilege Resort said it will invest 5 mln euro in the construction of a shopping mall in Bulgaria's skiing hotspot Bansko.
Roman's private beach: a Dubai on the Adriatic
07/06/2007
As one of the richest men in Britain, he owns a string of mansions around the world and a flotilla of super-yachts, not to mention a football club.
Verde Interesting Contacts
31/05/2007
Few people had even heard of Cape Verde until it made its UK debut last year on Channel 4's A Place in the Sun. Now this white-sand Atlantic archipelago is being talked up as Europe's shortcut to the tropics. As it is located 400 miles west of Senegal and shares the same latitude as Barbados, developers have wasted little time in negotiating real-estate buy-in; large tracts of land being snapped up for audacious resort projects, with tourism now filling the breach as the island chain's salt-mining and shipbuilding interests fall by the wayside. And it's so far so good, with a 25 per cent increase in tourist numbers in 2006, and an accelerating pace of construction following the announcement of direct charter flights with Astraeus and more recently Thomson Fly from Gatwick and Manchester.
Bulgaria in Top 3 Tourist Destinations for Europeans
30/05/2007
Bulgaria has made it to the top 3 of preferred tourist destinations among the Europeans, together with Greece and Tunisia, Bulgarian National TV Channel reported.
The Bay of Kotor, Southern Europe, Montenegro Stakes A Claim to the Adriatic
27/05/2007
The Bay of Kotor, Southern Europe, Montenegro stakes a claim to Adriatic By Vesna Maric LONELY PLANET
An unspoilt paradise for pioneers - Montenegro
25/05/2007
Charles and Diana were about 25 years ahead of their time, if only in their choice of honeymoon destination. Montenegro, a country which may trigger few associations in your mind beyond a vague proximity to the troubled zone of former Yugoslavia, is now seeing tourism blossom again. And where tourists venture, the British second-home hunter is sure to follow.
Europe's undiscovered playground
25/05/2007
Fearsome black crags jut up toward the belly of our aircraft as we float in the direction of Podgorica, capital city of Montenegro, the world's newest sovereign state.
Stylish Sofia
15/05/2007
SOFIA, Bulgaria — Here in the Bulgarian capital of Sofia, the "S" stands for style.
Bulgaria's Unemployment Rate Hits Record-Low in April
14/05/2007
Unemployment in Bulgaria reached its record minimum in April, the country's Social Minister Emiliya Maslarova announced.
Survey Shows Sofia among World's Best Living Locations
24/03/2007
Bulgaria's capital city of Sofia is among the most favourable locations to live in, a survey of the human resource consultancy for multinationals ECA International shows.
Bulgaria As Popular As France
18/03/2007
The rapid rise of Bulgaria in overseas home hunters' hearts has led to enquiries for cash to purchase properties in the Eastern European country almost overtaking France.
Tourism Boom Fuels Cape Verde Economy
16/03/2007
Middle-income nation Cape Verde is continuing its strong economic growth, new statistic figures reveal. This year and last year, economic growth is set at around 7 percent annually, with a booming tourism industry providing for most of the growth.
Varna and Burgas airports will have new passenger terminals in 2009
14/03/2007
Bulgarian coastal airports Varna and Burgas will have new passenger terminals by mid-2009, said Andreas Helfer, general executive director of Fraport Twin Star Airport Management which manages the two facilities under a 35-year concession arrangement.
Bulgaria Still Ranks in Top 3 Property Investment Investments Hotspots
11/01/2007
Bulgaria is still being marked among the top three European destinations for the overseas property investor in 2007, ranking next to Cyprus, say British experts.
One Million Tourists Expected in Bansko
02/01/2007
The number of tourists to visit Bulgaria’s winter resort of Bansko this season is expected to reach between 800,000 and one million people.
Berlin - The Next Property Hotspot
17/12/2006
I SPENT last week in Berlin. Now I think I might like to move there full-time. The city is packed full of good restaurants and bars, fantastic modern architecture and every kind of shop you could possibly want (including more than 50 Christmas markets this month).
Opodo names Bulgaria as top 2007 destination
10/11/2006
Online travel company Opodo has identified Bulgaria as the number one upcoming tourist destination for 2007.
Bulgaria in Top Three Overseas Mortgage Distributors by 2020
23/10/2006
Bulgaria will be one of the top three countries for overseas mortgage distribution by 2020 according to a study by Alliance & Leicester Mortgages.
800,000 Tourists to Visit Bulgaria's Bansko
04/10/2006
More than 800 000 tourists will visit Bulgaria's ski resort of Bansko, Bansko mayor Aleksandar Kravarov told the Focus news agency.
40km of ski pistes will be constructed near Bezbog Chalet
04/09/2006
The construction date for 40 kilometers ski pistes from Dobrinishte to Bezbog chalet in the Pirin Mountain was announced by the mayor of Bansko Alexander Kravarov.
Property Price Increase in Bulgaria Second Highest Worldwide
24/08/2006
Bulgaria registered the second highest increase in property prices worldwide, according to the analysis of London agency Knight Frank.
Property Prices Leap in Eastern Europe, Bulgaria's Growth Buoyant
21/08/2006
Eastern European property prices are rising faster than anywhere else in the world, according to a survey by British estate agency Knight Frank, cited by the Financial Times.
Bulgaria to See Rise in Economy in 2010
07/08/2006
Bulgaria's economy will mark a rise of about 5.5% each year until 2015, reaching peak levels of 6% after 2010, Finance Minister Plamen Oresharski has said.
Bulgaria Top Emerging Destination for 2007
07/08/2006
Bulgaria is the number one up-and-coming destination for travellers, according to a freshly released survey.
Bansko Airport Plans
11/07/2006
The possibility for the construction of an airport close to the winter resort of Bansko featured among the topics of discussion during a meeting between Bansko mayor Aleksander Kravarov and consultants from the US Trade and Development Agency.
Bansko Puts Brake on Booming Construction
10/07/2006
Bulgaria's famous Bansko mountain resort, once a haven for winter sports but now seeking year-round appeal has announced plans to restrict construction activities.
Bulgaria Among Best Investment Destinations in south east Europe
28/06/2006
Bulgaria offered some of the best investment opportunities out of all countries in Central and Eastern Europe, Economy and Energy Minister Roumen Ovcharov said.
Property Investment in Bulgaria Offers High Rate of Return
23/06/2006
Bulgaria is among the countries offering greatest return of real estate investment.
Why Buy Property In Bulgaria?
08/05/2006
Located in South Eastern Europe, Bulgaria is bordered by Greece and Turkey to the South, Romania to the North and Macedonia and Serbia to the West. Its Eastern Border is formed by the beautiful Black Sea Coast. A country of outstanding natural beauty the environment remains unspoilt and is incredibly varied. A relatively small country, a few hours drive will take you from the snow covered central Pirin mountain Ranges to the long sandy beaches of the Black Sea coast.
First Foreign Tourists Fly High-Class to Bulgaria
03/05/2006
The airport at the Black sea town of Burgas welcomed with an official ceremony and brass orchestra the first group of foreign tourists for the new summer season aboard a brand new Airbus 320.
The Independent - 4 Types of Property Opportunities
19/04/2006
The property investment opportunities in Bulgaria fall into four main categories, wrote the Independent on Wednesday in an article that praises the property market potential of the country on the threshold of the European Union.
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