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A brand new 2 bedroom apartment with garage located in the heart of the historic town of Ruse, just meters away from the banks of the romantic River Danube. Super value for just 77,000 Euros. Contact us for details.
Bulgaria rides out Credit Crunch. October 2008
Bulgaria is less likely to suffer from the effects of the credit crunch writes Caroline O’Reiley in the FT. Mortgages are still a relatively new phenomenon and overseas investment is still gathering pace. Bulgaria saw 32% increase in property values over the last 12 months, placing it in the top 5 places in the world to invest.
Bulgaria joins the EU. January 2007
Manuel Barroso, European Commission president said he had great delight in signing the extension of the treaty which confirmed that Bulgaria along with neighbours Romania joined the European Union on 1st January 2007. The announcement as you can imagine, has caused great excitement in Bulgaria. As a result, the property business is already heating up. Sergey Stanishev, Bulgarian prime minister, said that his country now looks forward to unprecedented development in the coming months.
*****Property viewing trips for just £150 *****
AB has teamed up in partnership with reputable agents in Bulgaria to offer an amazing deal. £150 for 3 nights for up to 2 people includes all hotel and transfer costs. All you need to do is arrange your flight to Bulgaria and you will be met at any of the 3 main airports; Varna, Sofia or Baneasa airport in Bucharest, just over the border in Romania.
Wizz over to Bulgaria from £6.99
The low cost airline Wizz Air have just announced they will be flying from London (Luton) to Bucharest - only a few miles from the Bulgarian border. Starting in Jan 2007 with fares from just £6.99!!
Selling fast!!
“With house prices in Bulgaria rising daily, bargain properties are selling fast”.
Property developing abroad. Channel 5 TV. 18th July 2006
Bulgaria is simply a ‘profit no brainer’…
“Bulgaria is one of the fastest growing property hot spots in Europe. This Country has turned itself into a cash cow for property developers”.
Property developing abroad. Channel 5 TV. 27th June 2007
Bulgaria opens skies to EU air carriers
Dnevnik Daily, 10th June 2006
Bulgaria has opened its civil aviation market to competition with the signing on June 9 of European Common Aviation Area (ECAA) pact.
The EU agreed the pact with Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Macedonia, Romania, Serbia, Montenegro and the U.N. mission in Kosovo. The pact is intended to allow airlines to fly freely within the area, without limitations set previously under state-by-state bilateral agreements.
ECAA would also improve safety standards, boost competition and establish similar rights for consumers, the European Commission said.
Bulgaria to join the EU in 2007
Sofia Daily, 17th May 2006
The European Enlargement Commission announced yesterday that Bulgaria will become the 26th member of the European Union next year. The official date of entry will be confirmed this October. The exciting news has been warmly received here in the Capital, Sofia, with everyone looking forward to 2007. Bulgaria has been working hard to meet the strict requirements for entry into the European Union and it is widely anticipated this will lead to simplification of the property market.
Railway in Bulgaria: High speed rail plans
FT Business, 10th May 2006
The Bulgarian cabinet approved on April 27 2006 a draft agreement on the construction of a high-speed railway network in South East Europe. The document regulates co-operation among the countries in the region in railway transport and envisages the building of a prime-quality high-speed network of 16 railway lines for cargo and passenger transport. Five of them will run across Bulgaria, passing through Sofia, Plovdiv, Stara Zagora, Varna, Bourgas, Gorna Oryahovitsa, Vidin and Rousse. The railway lines in South East Europe, the quality of which will be high enough to be included in the high-speed network, as part of the Trans-European Network, the Pan-European Corridors or the South-East railways, will permit speeds of 160km/h, reaching 220km/h in some sections, by 2020.
You can't lose from Bulgaria property investment
International Herald and Tribune, 5th May 2006
Anyone who has bought property in Bulgaria will tell you that the prices are so low, it is impossible to lose, Matthew Brunwasser wrote in an article for International Herald Tribune. Prices will continue to rise. The only uncertainty is by how much. And for how long, the article continues. The Balkan country already has had 12 years of increases. And the National Statistical Institute reported in January that the average sales price per square meter for residential properties in Bulgarian cities had gone up 36.6 percent in the previous year. But residential prices in Sofia still average only EUR 600, or USD 717, per square meter. That is much less than the EUR 750 average per square meter in Bratislava, Slovakia; EUR 850 in Bucharest and EUR 1,500 in Prague, according to the National Real Property Association of Bulgaria. Those numbers have pushed Bulgaria squarely into the real estate spotlight, attracting West Europeans lured by the current hot place for vacation homes and for investment. And real estate agencies from small European countries like Ireland and Malta have recently opened offices in Bulgaria in an effort to expand their businesses. Foreigners were involved in 27 percent of the 220,000 property deals registered in Bulgaria in 2005, transactions that totalled more than EUR 4 billion, according to the property association. The year before they generated 18 percent of all sales, or EUR 3.36 billion. Overall, real estate is one of the fastest growing sectors in the Bulgarian national economy, which grew by 5.2 percent in 2005. Observers
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