Property for sale in all regions of Bulgaria
Property for
sale in Bulgaria News
News 21 April 2006
More British Tourists Visit Bulgaria's Ski
Resorts.
Balkan Holidays tourism agency registered a 35 per cent increase in the
number of British tourists who visited Bulgarian
ski resorts.
More than 25,000 people arrived in Bulgaria, using the services of the company,
Dnevnik newspaper reported. For the 2004-2005 season Balkan Holidays registered
a 70 per cent increase in tourist figures, compared to the numbers for the
previous season.
Company representatives said the new infrastructure and hotels in leading
ski resorts like Bansko,
Borovetz and Pamporovo
naturally increased the interest of foreign tourists.
Dnevnik reports Balkan Holidays is one of the leading companies on the British
market, managing to bring high number of foreign tourists to Bulgaria. In
2005, the company attracted more than 165 000 British tourists, interested
in both summer and winter tourism opportunities.
In the beginning of this year the company registered a slight decrease varying
of three to four per cent. Other companies also complained from the lower
interest toward summer vacation opportunities in Bulgaria.
Balkan Holidays managing director Radka Mineva said many British tourists
wait for last-minute offers. These become available in July and August.
The British market is well-known for early reservations and the development
is unusual, Mineva said.
During the November WTM tourism fair in London Balkan Holidays received
an award in the category tourism agency to European destinations. It also
received a BMI Travel Award 2005 for best agency from Central and Eastern
Europe.
Orchid convinced that Bulgaria property market
will bloom.
Losses have increased at Orchid Developments, a property and hotel operator
specialising in Bulgaria, but the group says it exceeded expectations in
its first set of results since it floated on AIM last July.
Orchid (OCH) operates in commercial, residential and retail markets, and
since the float has paid €21 million (£14.5 million) for three
new development plots in Varna totalling around 38,000 square metres. It
is continuing to develop its land bank and says land values are increasing
rapidly.
Five of Orchid’s projects are co-financed by the European Bank of
Reconstruction and Development which has agreed a €30 million debt
facility. This breaks new ground for the financing of real
estate developments in Bulgaria, providing long-term funding that was
not previously available, says chairman David Holland.
‘The real estate market in Bulgaria remains buoyant and is expected
to experience further growth’ he said.
Group revenue rose from €1.1 million in 2004 to €3.4 million in
the year to 31 December. The net loss before tax was €1.175 million
against €953,000 in 2004.
Orchid says the net loss increased because of an increase in the size of
the development team and higher expenses arising from increased activity.
The results reflect a profit of €1 million from of the sale of 70 of
the 167 units in phase one of the Orchid Sofia Hills residential project.
Total sales were €7.25 million.
Since the year-end a further 40 apartments have been sold for €3.3
million taking the total to 110 worth €10.6 million.
Another source of revenue was the four-star, 224 room Yavor Hotel in the
Golden Sands beach resort close to
Varna on the Black Sea which is owned and operated by the group.
Last year Orchid completed a second hotel, the Golden Yavor, on an adjacent
site providing 167 units, mostly self catering apartments. The Golden Yavor
operated for half the season and the combined revenue of both hotels was
€1.7 million.
In addition Orchid has an interest in two cinema complexes, one in Sofia
and the other in Varna. It has residential developments in both places and
is involved with seven other projects, three in Sofia and four in Varna.
Orchid is currently looking into opportunities at Plovdiv, the second largest
city in Bulgaria.
The company says it has either leased or is in talk to lease 50% of the
Sofia business and office development, the Porsche Business Centre, which
is due to open later this month.
Since the float the shares have traded between 11.5p and 120p.
Investment in Bulgaria is becoming an increasingly
attractive prospect.
Property prices have been rising steadily for a number of years now as Bulgaria
widens its appeal to a broader cross-section of the investment community.
With the ski resorts including
Bansko and Borovets
improving annually and the Black Sea resorts also building up an impressive
tourist industry, there is certainly a lot to look forward to in Bulgaria.
The Sofia Echo has today referred to reports in both the Dnevnik newspaper
and the Wall Street Journal, both of which point to a significant rise in
demand for properties in Bulgaria
and in central and eastern Europe in general.
Bulgaria, the Czech Republic, Poland, Romania, Russia and Slovakia collectively
brought in €5.8 billion through property deals last year, according
to the report. This is thought to have represented a 38 per cent increase
on the investment figure for 2004.
Writing for the Independent recently, journalist Robert Nurden remarked
that thousands of Britons had now "seen beyond the cliches" associated
with Bulgaria and were investing their money in the property market.
Mr Nurden went on to describe the sheer variety of investment opportunities
in the country, with the capital city of Sofia one of the most notable.
He suggests that the property boom has now reached the centre of Sofia,
with locals also actively contributing to the market.
Bansko was also mentioned
in his article, with the gondola from the town to the pistes rated as "second
to none".
Bulgaria, largely on the basis of the potential that many see in its real
estate market, is often referred to as the new Spain. It is a comparison
that will be tested when Bulgaria gains EU accession, as this progression
proved vital for Spain as property prices began to soar.
According to Mr Nurden, the parallel can apply specifically to Sunny Beach,
which he suggests could feasibly become the new Costa del Sol. While Bulgaria
has a long way to go before this could be considered an accurate description,
the potential for growth has certainly encouraged many and the extent of
the investment around the Black Sea regions is testament to this.
Property is generally extremely cheap in Bulgaria which is of course one
of the key reasons that investors have taken such a keen interest.
Referring to data from imoti.net, however, the Sofia Echo has indicated
that a number of key areas have already risen considerably in price.
Sofia's Ivan Vazov district is thought to be leading the way, with apartments
in the area now more than €1,000 per square metre. The article points
to the vicinity of medical and education centres as a key contributory factor,
while Darik radio is reported as saying that the nearby Southern Park is
also having an effect.
Experts suggest that property investment will continue to have a significant
impact on Bulgaria's development in the next few years, but EU accession
will clearly be central to the extent of the progress. With a diverse range
of properties available, investors considering Bulgaria as an option are
advised to seek expert advice before committing.
Bulgaria: Sofia So Good.
Who would invest in property in a former Eastern Bloc country? They still
haven't recovered from the Cold War, they're full of concrete tower blocks
and they queue for vegetables, right?
Wrong, at least as far as Bulgaria is concerned. Thousands of Britons have
seen beyond the cliches and are pouring their hard-earned into the country.
The property investment opportunities
in Bulgaria, which is set to join the EU in January next year, fall
into four main categories. The first lies in the capital, Sofia, which is
growing economically and geographically faster than any other former East
European capital. The property boom has now hit the centre, with locals
themselves pitching into the market - always a good sign.
With the country on the threshold of EU membership - and entry into the
euro itself likely in about three years' time - an international and transitory
population in this "engine of the country's growth" is inevitable.
This means a huge demand for good rented accommodation.
An average, two-bedroom, new-build apartment in the centre of Sofia is selling
for between GBP 69,000 and GBP 87,000, and values are rising almost by the
day. The rental from such an apartment would be up to GBP 700 a month, according
to Robert Jenkin of estate agents Bulgarian Dreams. "These are fantastic
investment opportunities in a city that is becoming more cosmopolitan and
whose economy is stable and performing well," he says.
Drive two hours south and head for the mountains for opportunity number
two. Bulgaria has a burgeoning skiing industry whose centre is undoubtedly
Bansko, an ancient
village at the foot of the Pirin Mountains. In the past two years, it has
added on a huge number of apartment blocks geared to the winter season.
Anyone with the idea that its winter sports infrastructure is bound to be
third-rate should think again. It boasts a gondola from the town to the
pistes that is second to none.
"Every skier who comes here is impressed with the facilities,"
says Gary Brierley of Bulgarian Developments. "It is certainly not
the poor cousin of the Alps any more. But the countryside is great in the
summer, too. People come here to buy an apartment as an investment, fall
in love with the area and decide to spend time here themselves and use it
as a holiday home."
A typical two-bedroom, new-build apartment costs GBP 71,000, with the mouth-watering
prospect of a rise in values of about 20 per cent a year. "The demand
by British and Irish buyers for indoor pools, heated locker rooms and so
on has added quality and value," Brierley says.
The Black Sea, with its sunshine, cheap beer and great food, beckons investors
too. Locations such as Sunny Beach may be set to become the new Costa del
Sol.
There are signs that Bulgaria is throwing off its bottom-end-of-the-market
image and moving towards building more luxurious properties. The government
has introduced legislation aimed at protecting the coast from the worst
excesses of the Spanish costas.
BA this month started flying direct to Varna,
and up the coast near Balchik,
two 18-hole golf courses designed by Ian Woosnam and Gary Player are being
constructed. An example of this more considered development is Oasis Kamchia,
a low-rise holiday retreat close to the beach with gym, tennis courts and
pools.
But the really canny investment, and one open to those on a low budget,
is to buy land, says the estate agent Iliana Yordanova of Home Cottage Bulgaria.
"Plots are unbelievably cheap," she says.
"If you are prepared to look at undeveloped areas, either by the coast
or inland, you can pick up good agricultural land for as a little as eight
euros a square metre. The town of Kvarna would command prices of 70 euros
a square metre, and Balchik
58 euros. But I have heard of a plot going for three euros a square metre
inland."
With building costs very low and the nearby city of Varna now commonly acknowledged
to be a Bulgaria property hot
spot after the capital Sofia, her advice looks sound.
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Property for sale in Pamporovo Bulgaria
Property for sale in Bulgaria - House
Location: Pamporovo
Ref: 15599
Price: £34,483 - 50,000
Details: Beds: 0 | Baths: 0 | Built M2 500 | Plot: M2 600 | Pool: No | Garage: Yes
Property for sale in Pamporovo Bulgaria
Property for sale in Bulgaria - House
Location: Pamporovo
Ref: 15597
Price: £30,966 - 44,900
Details: Beds: 3 | Baths: 2 | Built M2 180 | Plot: M2 1000 | Pool: No | Garage: Yes
Property for sale in Pamporovo Bulgaria
Property for sale in Bulgaria - House
Location: Pamporovo
Ref: 15603
Price: £26,897 - 39,000
Details: Beds: 6 | Baths: 2 | Built M2 240 | Plot: M2 560 | Pool: No | Garage: Yes
Property for sale in Pamporovo Bulgaria
Property for sale in Bulgaria - House
Location: Pamporovo
Ref: 15602
Price: £25,862 - 37,500
Details: Beds:6 | Baths: 3 | Built M2 200 | Plot: M2 - | Pool: No | Garage: Yes
Property for sale in Pamporovo Bulgaria
Property for sale in Bulgaria - House
Location: Pamporovo
Ref: 15601
Price: £21,379 - 31,000
Details: Beds:2 | Baths: 1 | Built M2 100 | Plot: M2 - | Pool: No | Garage: No
Property for sale in Pamporovo Bulgaria
Property for sale in Bulgaria - House
Location: Pamporovo
Ref: 15595
Price: £17,931 - 26,000
Details: Beds:3 | Baths: 1 | Built M2 200 | Plot: M2 4000 | Pool: No | Garage: Yes
Property for sale in Pamporovo Bulgaria
Property for sale in Bulgaria - House
Location: Pamporovo
Ref: 15595
Price: £17,931 - 26,000
Details: Beds:3 | Baths: 1 | Built M2 200 | Plot: M2 4000 | Pool: No | Garage: Yes
Property for sale in Borovets Bulgaria
Property for sale in Bulgaria - Ski resort apartment
Location: Borovets
Ref: 16896
Prices from: £48,490 - 71,280
Details: Beds: 1 | Baths: 1 | Built M2 72 | Plot: M2 - | Pool: No | Garage: No
Property for sale in Borovets bulgaria
Property for sale in Bulgaria - Ski resort apartment
Location: Borovets
Ref: 16897
Prices from: £48,490 - 71,280
Details: Beds: 1 | Baths: 1 | Built M2 72 | Plot: M2 - | Pool: No | Garage: No
Property for sale in Bansko Bulgaria
Property for sale in Bulgaria - Ski resort apartment
Location: Bansko
Ref: 16542
Prices from: £58,231 - 85,599
Details: Beds: 1 | Baths: 1 | Built M2 80.94 | Plot: M2 - | Pool: No | Garage: Parking
Property for sale in Bansko Bulgaria
Property for sale in Bulgaria - Ski resort apartment
Location: Bansko
Ref: 16895
Prices from: £56,667 - 83,300
Details: Beds: 1 | Baths: 1 | Built M2 70 | Plot: M2 - | Pool: No | Garage: No
Property for sale in Bansko Bulgaria
Property for sale in Bulgaria - House
Location: Bansko
Ref: 15445
Price: £19,728 - 29,000
Details: Beds:4 | Baths: 1 | Built M2 150 | Plot: M2 500 | Pool: No | Garage: No
Property for sale in Varna Bulgaria
Property for sale in Bulgaria - House
Location: Varna
Ref: 14275
Price: £88,435 - 130,000
Details: Beds:4 | Baths: 2 | Built M2 150 | Plot: M2 1200 | Pool: No | Garage: Parking
Property for sale in Varna Bulgaria
Property for sale in Bulgaria - House
Location: Varna
Ref: 16613
Price: £64,626 - 95,000
Details: Beds:3 | Baths: 2 | Built M2 300 | Plot: M2 1000 | Pool: No | Garage: Yes
Property for sale in Varna Bulgaria
Property for sale in Bulgaria - House
Location: Varna
Ref: 14283
Price: £47,619 - 70,000
Details: Beds:2 | Baths: 1 | Built M2 120 | Plot: M2 1200 | Pool: No | Garage: Yes
Property for sale in Varna Bulgaria
Property for sale in Bulgaria - House
Location: Varna
Ref: 15036
Price: £37,415 - 55,000
Details: Beds:2 | Baths: 1 | Built M2 150 | Plot: M2 2000 | Pool: No | Garage: No
Property for sale in Varna Bulgaria
Property for sale in Bulgaria - House
Location: Varna
Ref: 15364
Price: £19,048 - 28,000
Details: Beds:3 | Baths: 2 | Built M2 100 | Plot: M2 1500 | Pool: No | Garage: Yes
Property for sale in Varna Bulgaria
Property for sale in Bulgaria - House
Location: Varna
Ref: 15037
Price: £17,687 - 26,000
Details: Beds:3 | Baths: 1 | Built M2 120 | Plot: M2 700 | Pool: No | Garage: Yes
property for sale in Borovets Bulgaria
Property for sale in Bulgaria - House
Location: Borovets
Ref: 15590
Price: £56,463 - 83,000
Details: Beds:2 | Baths: 1 | Built: M2 90 | Plot: M2 800 | Pool: No | Garage: Yes
Property for sale in Borovets Bulgaria
Property for sale in Bulgaria - House
Location: Borovets
Ref: 15591
Price: £55,034 - 80,900
Details: Beds:5 | Baths: 3 | Built: M2 1000 | Plot: M2 4000 | Pool: Yes | Garage: No
Property for sale in Borovets Bulgaria
Property for sale in Bulgaria - House
Location: Borovets
Ref: 15585
Price: £44,218 - 65,000
Details: Beds:4 | Baths: 2 | Built: M2 190 | Plot: M2 32 | Pool: No | Garage: Yes
Property for sale in Borovets Bulgaria
Property for sale in Bulgaria - House
Location: Borovets
Ref: 15588
Price: £44,218 - 65,000
Details: Beds:5 | Baths: 2 | Built: M2 250 | Plot: M2 800 | Pool: No | Garage: Yes
Property for sale in Bansko Bulgaria
Property for sale in Bulgaria - Ski resort property villa
Location: Bansko
Ref: 15444
Price: £29,932 - 44,000
Details: Beds: 1 | Baths: 1 | Built M2 150 | Plot: M2 1500 | Pool: No | Garage: No
Property for sale in Borovets Bulgaria
Property for sale in Bulgaria - House
Location: Borovets
Ref: 15584
Price: £24,490 - 36,000
Details: Beds:3 | Baths: 2 | Built: M2 180 | Plot: M2 600 | Pool: No | Garage: Yes
Property for sale in Borovets Bulgaria
Property for sale in Bulgaria - House
Location: Borovets
Ref: 15586
Price: £17,007 - 25,000
Details: Beds:1 | Baths: 1 | Built: M2 90 | Plot: M2 1000 | Pool: No | Garage: Yes
Property for sale in Borovets Bulgaria
Property for sale in Bulgaria - House
Location: Borovets
Ref: 15589
Price: £15,646 - 23,000
Details: Beds:2 | Baths: 1 | Built M2 80 | Plot: M2 - | Pool: No | Garage: Yes
Property for sale in Bansko Bulgaria
Property for sale in Bulgaria - Ski resort property apartment
Location: Bansko
Ref: 15630
Price: £44,322 - 65,153
Completion: November 2005
Details: Beds: 1 | Baths: 1 | Built M2 59 | Plot: M2 -- | Pool: No | Garage: Parking
Property for sale in Bansko Bulgaria
Property for sale in Bulgaria - Ski resort property off plan apartment
Location: Bansko
Ref: 16546
Price: £39,185 - 57,602
Completion: August 2006
Details: Beds: 1 | Baths: 1 | Built M2 -- | Plot: M2 -- | Pool: No | Garage: --
Property for sale in Bansko Bulgaria
Property for sale in Bulgaria - Ski resort property apartment
Location: Bansko
Ref: 15630
Price: £44,322 - 65,153
Completion: November 2005
Details: Beds: 1 | Baths: 1 | Built M2 59 | Plot: M2 -- | Pool: No | Garage: Parking
Property for sale in Bansko Bulgaria
Property for sale in Bulgaria - Ski resort property apartment
Location: Bansko
Ref: 15960
Price: £38,027 - 55,900
Details: Beds: 1 | Baths: 1 | Built M2 43 | Plot: M2 -- | Pool: No | Garage: Secure Parking
Property for sale in Bansko Bulgaria
Property for sale in Bulgaria - Ski resort property Villa
Location: Bansko
Ref: 16549
Price: £29,932 - 44,000
Details: Beds: 1 | Baths: 1 | Built M2 150 | Plot: M2 1500 | Pool: No | Garage: No
Property for sale in Bansko Bulgaria
Property for sale in Bulgaria - Ski resort property apartment
Location: Bansko
Ref: 16766
Price: £27,211 - 40,000
Details: Beds:-- | Baths:-- | Built M2 -| Plot: M2 - | Pool: Heated | Garage: Parking
Property for sale in Bansko Bulgaria
Property for sale in Bulgaria - Ski resort property villa
Location: Bansko
Ref: 16610
Price: £26,993 - 39,680
Details: Beds:1 | Baths:1 | Built M2 -| Plot: M2 - | Pool: No | Garage: Parking
Property for sale in Bansko Bulgaria
Property for sale in Bulgaria - Ski resort property villa
Location: Bansko
Ref: 15444
Price: £29,932 - 44,000
Details: Beds: 1 | Baths: 1 | Built M2 150 | Plot: M2 1500 | Pool: No | Garage: No
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Listed in this section are Bulgaria property ads for sale and rent. Currently we are offering more than 2000 hot offers of Bulgaria property from all main regions of our beautiful country. Bulgarian Properties have own local branches and agents in each area where we sell Bulgaria property.
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