Latest News
30.04.2009 Tourists Choose Aparthotels This Summer
Zhenya Atanassova, Chernomorski Far, Bourgas, vol. 79, 28.04.09
"The stress which the people in the EU are subject to makes a lot of our potential clients choose exactly Bulgaria as an inexpensive destination”, Property Management BG comment.
Property Management BG received a commission from the local building company Midia for managing its new holiday development in Aheloy. Midia Resort will open its doors for tourists in August. In the last two years the apartments in the complex are sold mainly to Russians, Czechs, Polish, and Latvians at prices from 1,000 to 1,300 Euro per square meter. The sales were made by the company Bulgarian Properties. A night in the development will cost around 50 Euro due to the complex’s top location.
“We are expecting tourists from Russia, the Czech Republic and Romania”, comment from the company.
According to Bulgarian Properties the annual return on the investment in the apartments varies from 3% to 5% in a time of crisis. Every promise for a return on the investment of over 5% is unrealistic as the real estate sector is one of those hit hardest by the crisis.
"At the moment we can’t make any forecasts about how the property market will develop. We have clients from Russia, Poland, Denmark and other European countries”, comments Mihail Chobanov, co-founder of Bulgarian Properties.
According to him developers pin great hopes on the forthcoming summer season. Meanwhile, potential clients expect prices 20-40% lower compared to last year. Mihail Chobanov advises developers to offer competitive prices and attractive payment conditions in order to attract more clients and finances to the country. According to him there are no attractive offers for seaside hotels and there is no panic among their owners. Most of the offers are for small family hotels.
View our offers in resorts
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13/October/2011
www.VisitBulgaria.net
A unique mosaic was discovered by archaeologists in the city of Stara Zagora in Bulgaria. The mosaic depicts the three figures of Bacchus and two bacchantes, all companions from the suite of God Dionysus. The mosaic is a unique finding for Bulgaria. It is believed that the mosaic dates back to the end of the second century and the beginning of the third century AD.
"The complicated ... read more
26/March/2012
Polina Stoykova, Chief Operations Manager of BULGARIAN PROPERTIES
Like in many other countries around the world house prices in Bulgaria went through a phase of increase followed by a slump in the first decade of the 21st century. Last year BULGARIAN PROPERTIES presented data of the Bulgarian housing market for this period in a review of the last decade, which is available here.
In the last few months we compiled a data base and devised a methodol... read more
01/November/2011
24 Chassa, vol.296, 31.10.11
Amusement – this is what the new and the already existing malls in Sofia and the country are focusing on after the consumption of clothes, shoes and home goods decreased due to the crisis. For example, the new mall which is being built in the quarter of Lozenets is announced as a lifestyle mall. Apart from famous brand shops, restaurants, coffee shops, a bowling hall, an arcade, a gym, and a cinem... read more
09/December/2011
www.ipsbmv.com
What do the distressed markets mean for the property investor? In a nutshell it means low prices and banks turning their attention from the developers to those who can actually afford to buy property from them. This means some fantastic mortgage deals in excess of 100% LTV in some areas and unbelieva... read more
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