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News - Archive
07Mar. 2008 The growth of the Bulgarian property prices is expected to continue Bulgaria's real estate market has been on its rise over the last few years, with prices of Bulgarian properties rising by 30.6 per cent in 2007, but their growth is expected to continue at a more moderate pace this year, home and property portal homemove.co.uk said on March 3.
Many people were eyed Bulgaria for holiday investments due to its natural landscape, the beaches, the coastline along the Black Sea, historical attractions, skiing opportunities.
In its guide to buying property in Bulgaria, the portal warned about the fact that buyers paid the bulk of transaction costs, which can reach 25 per cent of the total purchase price, and sometimes even more.
Properties in rural areas offered little rental income, if any, and were better investments for individuals who seek a retirement house. Typically, these properties sell at tempting prices, it said.
Other shrewd investments could be struck in mineral spa regions or in some of the historic cities, like Veliko Turnovo. Currently, non-residents cannot buy land in Bulgaria, but they will be allowed to do so, as well as inherit it, starting from 2014.
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Feb. 2008 Bulgarian property market reaches its top in Bansko The real estate market in the Bulgarian ski resort of Bansko is one the most developed and quite dynamical in the last years, but it steadies its temps in 2008.
Some of the causes of this are the worries and the ambiguities around " Natura-2000" in the spring, and in the banning - order on issuing licenses of construction in the summer.
The apartments in Bansko are being offered approximately 1000 euro per sq. m.
The homes in the opening station of the ski lift - 2100 euro per sq. m. are most wanted.
The interest in the real estates in radius of 400 sq. m. around the opening station of ski lift is biggest.