Bulgaria Construction/Real Estate Report

How long more will the the property boom in Bulgaria last? Is it currently at its peak? What rates of capital growth can it sustain over the next 3 to 5 years? Will the market become saturated, pushing rental prices down? What happens if a crisis causes a mass sellout? Is this likely to happen?

For those considering an investment in Bulgaria these are real questions that most people don't have the answers to and you certainly won't get them from the agents pushing property sales your way.

If you are serious about buying property in Bulgaria you will want to read Bulgaria Construction/Real Estate Report.

It provides an objective overview of the Bulgarian real estate market and will provide all the answers that any borderline investor in Bulgaria might require.

New Development of Luxury Apartments by Solo Properties

Solo-properties is building a first class development of luxury apartments in Sunny Beach on the Black Sea Coast, Bulgaria. Solo Apartments,is situated at the exclusive Northern end of Sunny Beach with good views,peace and quiet. Situated just a few minutes walk away are restaurants/beach bars and a five star complex. The development will be completed in May 06, The development is an excellent choice as an investment or a holiday home. These apartments come in two sizes the 1 bedroomed apartments are 58.6Sq.M2 and are currently priced at 36,500 GB and the two bedroomed apartments are 73.4 Sq.M2 which are currently starting at 45,000 GB.We are specialist company formed in 2003, with unparalleled local knowledge of the Bulgarian property market.

Solo-Properties can help you with: Full service transaction management, Mortgage Details, Piraeus Bank, Buying a Home, Renting your property Long-term or Short-term.

VISIT www.solo-properties.com OR TELEPHONE 00359-59623688 or telephone local rate UK 08450042030.

The Newsdesk has Moved!

The Newsdesk has now moved to the new and improved website PropertyNewsdesk.com where you will find the best property information, news and resources out there. Stop by now

My thanks to those who have supported the Newsdesks here at blogger.com and to Google for the fantastic service.

See you at the PropertyNewsdesk.com

Tracey Meagher

Bulgaria Land Acquisition Launches New Fund

By Tracey Meagher

For those who are interested in profiting from Bulgaria’s buoyant property market but who don’t want the hassle of trawling through thousands of properties deals claiming phenomenal returns, Bulgaria Land Acquisitions might be the answer.

Bulgaria Land Acquisitions is a recently established investment fund formed to acquire and invest exclusively in Bulgarian land. The company, headed by Roland Morris, brings together some of Bulgaria’s most experienced real estate and investment talent, and is forecasting excellent returns. Already, land that was recently acquired by the company has increased from 20 Euro per sqm to 50-60 Euro per sq. metre. Annualised, the gain runs run into 100’s of per cent and that, says Morris is the type of deal that the company aims to achieve repeatedly over the next four years.

Ready to launch via an Isle Of Man company, the company is now seeking shareholders to take advantage of the excellent opportunity this fund offers. Essentially, profits will come back to the Isle Of Man and after that tax mitigation will be the responsibility of individual investors. The company plans to invest in several plots, ensuring diversification and minimising risk.

What kind of returns can those investing in the fund expect? “The directors of the company will benefit only exit, which will be a maximum of four years” says Morris. At that time the directors receive 20% of the profit, but nothing from the investors original input. The good news is that investors get 100% of their original investment back plus 80% of profits! Morris stresses that the fund is set up to severely limit expenditure and it is the company’s firm intention to utilise resources for the full benefit of all involved!

For further information about the fund contact Roland Morris

Bulgaria: Unspoilt Villages, Cheap Property - The Times

Business: 20 May 2005, Friday.

The Bulgarian property market is among the cheapest in Europe, along with bargain places one can find in Portugal, Italy, Lithuania, Greece, The Times wrote on Friday.

It points out that last year prices rose by about 35 per cent, and in the lead-up to EU accession in 2007 annual rises of 25 per cent are predicted.

Among Bulgaria's advantages the article singles out its rich culture, stunning unspoilt villages and scenery as well as rock-bottom living costs.

"Rural houses for renovation are still widely available for less than 20,000 pounds. The cost of living is low and the climate excellent, and there is a wealth of historic towns, unspoilt villages and some beautiful beaches. Tuscany-like hilltop towns such as medieval Veliko Turnovo are to be found inland, while the ski areas in the Rhodope Mountains in the south are increasingly popular. Rental yields tend to be better for ski properties than those on the coast because of the longer ski season. You could expect about 12 per cent gross yield for a good ski apartment and about half that on the coast.

The Times notes that most Brits are buying on the Black Sea Riviera, especially at Sunny Beach, Golden Sands and Bourgas, and the resort city of Varna.

"An impressive, but affordable, development launched this year is The Garden of Eden, on a prime beachfront location. The development has a marina, five swimming pools and landscaped gardens, bars and restaurants. Properties range from studios to large duplexes. One-bedroom apartments are about 52,000 pounds, with two-beds at 63,000 pounds."

For more information on The Garden of Eden Development visit Bulgariaproperty.com

To download The Garden of Eden Information Pack click here

Super Borovets Project Gets Environmental Nod

Business: 22 April 2005, Friday.

An expert group of environmental officials has given their approval for the eco-feasibility report of the vast project Super Borovets meant to reconstruct, develop and modernize the popular Rila Mountain resort.

The environmental feasibility report, which defends the preservation of local flora and fauna, precedes the work on the construction draft and territory plans under the project.

The enormous complex planned to encompass the towns of Samokov and Beli Iskar and also the Borovets resort aims to attract investments of about BGN 300 M in the construction of hotels and various types of equipment.

Plans include the construction of a special 7,000-bedspace village, social communication center, entertainment sites, shopping centers, winter sports facilities, swim pools, tennis and golf courses.

Within the projected three zones of construction, as per height above sea level, the ski tracks and lifts will be linked into a common network.

Bulgarian, as well as Italian, Spanish, German and British companies have already shown interest to participate in the Super Borovets project.

The modernization project of Borovets seeks to improve the prospective candidature of Bulgaria for Winter Olympic Games 2014.

Novinite

Major Property Expo Promotes Office Real Estate

Business: 13 May 2005, Friday.

The office segment will be the focus at the Bulgaria's biggest real estate expo, which opens May 20 in Sofia, forum's consultant Deyan Kavrakov announced on Friday.

The international forum, which is the biggest and most successful platform in the country for presenting the latest products and services on property markets, will take place at Inter Expo Center in Sofia up to May 22.

On an area of more than 4,000 sq.m. Bulgarian and foreign companies will present over 250 products worth EUR 1 B.

The expo responds to the very intensive competition on the real estate market in Bulgaria, said Kavrakov, who is also CEO of ADIS Ltd., Bulgaria's leading full service real estate company.

There is a rapidly growing interest not only towards residential real properties, but also towards business and trade centers, Kavrakov said.

Real Estate Expo gives opportunity to the customer to compare offers by different companies gathered at one place. At the same time it provides good chances for setting business relations between the companies themselves, Kavrakov said.

The US business reacts immediately to attractive real estate markets, and the one in Bulgaria is surely such, explained Valentin Georgiev, Executive Director of AmCham Bulgaria, also a participant in the forum.

The expo will take place under the aegis of the International Real Estate Federation (FIABCI) Bulgaria.

Novinite