Latest News

13.11.2007 Bulgaria Unharmed by Global Credit Crisis

Pari Newspaper, vol. 218, 13.11.07, p. 10

In many parts of the world homeowners have a reason to fear the credit crisis which overtook the world. However, this does not apply for Bulgaria. Due to the investments of Eastern Europeans and the increased number of domestic buyers the real estate market in the country has demonstrated unexpected resilience. The global credit crisis reverberated the strongest in the USA and the UK therefore in the last six months mainly investors from Russia, Romania, Poland and Ukraine operated on the Bulgarian property market. The Russians and the other Eastern Europeans who filled the hotels along the Bulgarian Black Sea coast during the communist era are now returning as buyers of holiday homes. According to brokers the sales of property to Eastern Europeans, irregardless of whether they were cheaper apartments or expensive villas in gated communities, have increased considerably this year. The interest on the part of the other foreign investors remains high as the prices of real estate in Bulgaria continue to be the lowest in the EU. The prices in the big Black Sea resorts which doubled only in a few years started to drop slightly even before the credit shock, as the reason for that is the oversupply and the slow development of the infrastructure.
However, Bulgarias high economic growth increased the income of those working in the private sector and made mortgages more accessible. According to the Bulgarian National Bank purchases of properties in the first 8 months of 2007 amount to EUR 1.16 billion which equals about 35% of the direct foreign investments after Bulgarias accession to the EU. The supply of homes steps up but the demand remains high as well, as property prices have increased by 13-18% this year.

  Read more news
LATEST REGIONAL NEWS
The First "Bile Fest" - Herbs Dedicated Festival Will Be Held on the St. Anastasia Island in Bourgas

12/June/2019
https://www.novinite.com

The island of Saint Anastasia will welcome guests with folk rituals for health and fertility in the first edition of the "Bile Fest", a heraldic festival, announced Burgas Municipality.

More than 50 participants will take part in the event with herbs and healthy foods, curative extracts and ointments, and will show the authentic ways of preparing them.

The accompanyin... read more

Comments from clients
Fantastic support from the Bansko office, another big thank you to Andy and the rest of the staff ...
We have completed our purchase of a nice property near to Plovdiv in a village called Markovo, we ...
We have recently purchased a house and bar/cafe in Livada, near Burgas and would like to thank the ...
List your property with us, no marketing fees!
Find out how we can help you sell your property
Properties on the Bulgarian Black Sea Coast - top selection!
Read our answers to the most frequently asked questions when buying a property
Latest News
Airports in Varna and Burgas Add New Destinations

30/May/2019
novinite.com

Six new year-long lines will be opened from Varna Airport this summer. New direct flights begin in July and will be from and to Paris, Cologne, Hamburg, Berlin, Copenhagen and Liverpool. This was announced today by the chief executive of Fraport Twin Star Airport Management AD Ulrich Heppe.

According to him, the forecast for this summer season is for a slight decrease of about 8% in... read more

LATEST REGIONAL NEWS
Asian Festival Sofia 2019

12/June/2019
https://www.novinite.com

The third edition of the Asian Festival will be held on Saturday, June 15th, 2019, from 10am - 8pm, in Borisova Garden, Sofia.

The main goal of the event is to bring the Magic from the East of Asia to the people of Bulgaria and the international audience in Sofia, organized by the joint efforts of the Asian Embassies and Diplomatic missions in Sofia:

Bangladesh, Peo... read more

DID YOU KNOW?
13 Bulgarian beaches awarded Blue Flag certificate

29/August/2018
http://bnr.bg/en

Thirteen beaches in Bulgaria and one marina have been awarded the world Blue Flag certificate for meeting stringent standards for quality, safety, environmental education and information, the provision of services and general environmental management criteria.

This years Blue Flag bea... read more