Press Release: Bulgarian Properties | Dubai Real Estate
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According to Global Property Guide data Bulgaria had the fastest growing house
prices in 2007 with a growth of 30.6%. Analysts at estate agent Knight Frank consistently put Bulgaria in the world's top five areas for growth - with
price hikes of 20.5% recorded over the past year alone. Another British mortgage broker estimates that Bulgaria will account for 25% of overseas business by 2020.Sofia News Agency, 31 March 2007THE PROPERTY MARKET IN BULGARIAThere’s no denying the effect the EU’s expansion is having on countries like Bulgaria. As a result, inward investment has grown. Bulgaria - 54% net capital gain on cash invested, according to the study.Sofia News Agency, 10th April 2007PROPERTY IN BULGARIA – FROM LAUGHABLE TO FASTEST GROWING MARKET IN EUROPE"A decade ago, the idea of buying a holiday home in Bulgaria will have been laughable. Figures suggest that in the most popular area of Bulgaria,
property prices rose by 20 per cent in 2006 and that ongoing improvements and developments are likely to encourage more growth over the next 12 months. For the same period last year the increase amounted to a 12.2%. From April to June housing
prices in Bulgaria went up by 27.1%. In the last four years the country has gained popularity because of its luxurious hotels, unconventional tourist offers and the attractive venues. Interest in the country has grown, with the website reporting that site searches for Bulgarian
property has doubled since the start of the year as more people become aware of the investment opportunities in the country. Ireland's Sunday Tribune, 4th March 2008HOUSING PRICES IN BULGARIA GROW AT A HEAD-SPINNING RATE New high-jump world champions emerged in Bulgaria - residential
property prices. New investment developments are indicative of the directions the tourist industry is taking:
skiing, and
beach holidays. Property
prices here have been rising by more than 30 per cent per annum – one of the highest rates in the world. Rates are around three times higher than in countries like Italy or France. Ten years on, and now a member of the European Union, it is one of the fastest-growing
property markets in Europe," reads an article in the British magazine "This is Money". The cost of living remains low, but has started balancing out now the country has joined the EU, reflecting a new but fully fledged market economy.Bulgaria has some of the cheapest
property in Europe. The leader is Latvia, according to Knight Frank UK survey for the second trimester of 2007 compared with the same period of 2006. The list is headed by Bulgaria, where
prices rose 34% last year, compared with 17.4% in 2006 — although the sharpest growth has been in Sofia, the capital, where
property inflation reached 50%. The Perelik project received an Investor First Class certificate from the state. The project is estimated at more than 300 million euro. The project, called Perelik, consists of over 200 km
ski runs and about 100 km of
ski lifts. The Sunday Times, 16th March 2008TOP TEN PLACES TO MAKE MONEY FROM PROPERTYAccording to Ireland's Sunday Tribune, Bulgaria has been one of the hottest markets in Europe for the last number of years. The UN World Tourism Organisation believes Bulgaria to be one of the most appealing 'new faces' in the tourism industry today and by 2010 expects 20 million tourists will be visiting the country per annum. This summer the travelling agencies expect a 12% growth in the number of foreign tourists in Bulgaria and 60% of them will come from the EU member states.
