- August 2008
- New rent formula confirmed for property in Dubai - 20-08-2008
- Moroccan Sands to bump Moroccan Property into the Premier League - 20-08-2008
- Major development within Dubai Waterfront and Dubai Maritime City - 19-08-2008
- New Flights to Hurghada, Hotspot in Egypt - 19-08-2008
- New plans for hotels in Bangaluru and Goa and projects in Morocco by East India Hotels Ltd - 18-08-2008
- Sheffield's Real Estate contract awarded to Tepe Akfen - 18-08-2008
- Increasing Tourism to Egypt Causing Property Investment Boom - 15-08-2008
- Forty Percent Increase in Property Prices in Dubai - 15-08-2008
- Optimistic view of the Dubai property market - 14-08-2008
- Morocco Becoming A New Property Investment Hotspot - 14-08-2008
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BULGARIAN PROPERTY INVESTMENT 'CONTINUES'
Thursday, 28 Feb 2008
A growing number of foreign investors are expected to enter the Bulgarian property market for its moderately-priced apartments and to take advantage of the growth in high-end projects, it has been claimed.
Prices for property in Bulgaria now range between €800 (£611) and €1,200 a sq m in new developments and this is attracting the attention of Romanians, Poles and Russians, the Financial Times reports.
Last year, purchases of property and land for development accounted for 40 per cent of Bulgaria's €5 billion in foreign direct investment. This year, the economy is expected to grow by five per cent.
Brian Conneely, of West Properties International, told the newspaper: "There is a swing now from budget properties to those in better locations, of good build and good management."
In recent years, investment has been targeted at building apartment compounds, which were then sold on to foreigners who, in turn, then rented them out to holidaymakers and residents, according to Propertywisebulgaria.com.
Property Select offers a comprehensive selection of overseas property in Bulgaria, news, members club and reviews of the latest property developments.
You might also like to read:
- Bulgaria recommended to investors - 04-04-2008
- First-time buyers consider foreign investment - 26-03-2008
- Investors urged to consider eastern Europe - 17-03-2008
- Bulgaria has reduced cost of living - 10-03-2008
- Golf fans head for Bulgaria - 18-02-2008
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