I. About Bulgaria – Foreign Press:
Bulgaria still hotspot for young UK property seekers
Bulgaria, Turkey and northern France are the hotspots for first-time property buyers abroad from the UK.
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Property market heats up in Bulgaria's resorts
“Is this Italy? The US? Maybe France? No - it's Bulgaria. "We feel that Bulgaria is one of the most exciting new frontiers in the property market today,"…”
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Top 10 investor-countries in Bulgaria for the period 1992-2006
“Top 10 investor-countries in Bulgaria for the period 1992-2006 were awarded at an official ceremony, 15 February 2007. The event was jointly organized by InvestBulgaria Agency and Banks Investments Money Magazine. The ranking of the top ten investor-countries in Bulgaria for the 15-year period is based on statistical data provided by Ministry of Finance (1992-1998) and Bulgarian National Bank (1999-2006). As to the total volume of investment for this period, the top investors are Austria, Belgium & Luxembourg, Czech Republic, Germany, Greece, Hungary, Italy, the Netherlands, the UK and the USA.”
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Record growth in 2006 of foreign direct investment in Bulgaria
“February 2007, EUR 4.015 billion foreign direct investment (FDI) is attracted in 2006, Bulgarian National Bank reports. FDI achieved in 2006 accounts for 16.6% of GDP and exceeds by 73% the FDI inflow in 2005 which then amounted to 10.8% of GDP. The UK is investor number one for 2006 with EUR 686 million or 17.1% of total FDI, followed by the Netherlands with EUR 668 million and Austria with EUR 448 million…”
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Bulgaria tries to attract middle eastern tourists during EXPO in Dubai
“Bulgaria will take part in the international tourism expo Arabian Travel Market (ATM) 2007 starting on May 1 in Dubai. Bulgaria takes part in ATM for the third consecutive time… UK company Reed Exhibitions organises the expo. Over 1 600 participants from 60 countries took part in the event in 2006. Nearly 13 351 tourists from Middle Eastern countries visited Bulgaria in 2006…”
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In 2006, Bulgaria broke every record in the number of tourists – it was visited by about 5 million guests who left about 2 billion EUR there..
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“Bulgaria is experiencing a boom in golf course development as developers are trying to change its image from a seasonal tourist destination with cheap property and beer into a place of preference for the wealthy Europeans to spend their holiday….”
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Over the period of one week, two British print media published articles saying that Bulgaria’s real estate sector was among the most attractive in Europe… Bulgaria was outranked only by Spain and France…
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II.Articles in Polish Press.
Teraz Morze Czarne
Artykuł w polskim wydaniu Newsweeka, 24.09.2007 - przygotowany na podstawie wywiadu przeprowadzonego z BCI MENADA
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Bulgaria – Real Estate Prices Go Up 25% Yearly
In 1996, Bulgaria was on the brink of economic crash – it didn’t happen thanks to the recommendations of the International Monetary Fund. Bulgaria is a member of the European Union and its real estate market yields large profit.
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Investing in Real Estates in Bulgaria and Romania
An investment in Bulgarian and Romanian real estates might bring a 100% profit in just two years. Is it possible to gain a 100% profit within two years? Of course and it is legal, but not in Poland or any other European Union country. It is possible in Bulgaria and Romania. A boom in the real estate market, which has begun in the ten new member states just before their accession, is slowly ending. The investors have begun purchasing the apartments, houses and attractive building plots in Bulgaria and Romania.
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Polish Companies Rush To Bulgaria and Romania
Polish Companies Rush To Bulgaria and Romania
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Bulgaria Better Than Greece
Holidays in Bulgaria become fashionable again. It is the fastest developing country in the world. Bulgaria is trendy again – says Magda Plutecka-Dydoń from the Neckermann Travel Agency, which has observed a three times larger sale of trips to Bulgaria.
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Bulgarian Tourism in Facts and Figures
4 873 150 foreign tourists in Bulgaria in 2005 [excluding transit visitors] – 4.5% more than in 2004.
The largest number of tourists from: Greece - 665 894 (-11.34%), Germany - 582 315 (-2.43%), Macedonia – 581 139 (-14.79%), Serbia and Montenegro – 534 474 (-10.53%), Great Britain – 374 494 (+36.11%), Turkey – 271 160 (+36.73%), Romania – 187 311 (+46.78%), Russia – 175 295 (+17.39%), The Czech Republic – 126 666 (+13.46%), Poland – 113 544 (+4.37%), Israel – 103 523 (+23.85%), Sweden – 101 332 (+2.42%), Slovakia – 89 226 (+7.69%), Ukraine – 83 746 (+12.06%), Finland – 83 056 (+39.35%), France – 74 019 (+24.69%).
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Where to buy an apartment? – Bulgaria lures with low prices
The article in Rzeczpospolita says that you can buy a 40m2 apartment in a Bulgarian Black Sea resort for 40 000 EUR.
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Many Poles loved spending their holidays in holiday centers of hotels on the Bulgarian Black Sea coast in the 1970s and 1980s. Nowadays, when Bulgaria entered the EU in January, Poles became interested in buying a summer house or apartment for their families. The prices are lower than the prices in Spain or Croatia.
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III.Bulgaria in Numbers:
Real estate prices in Bulgaria in 2006 - examples
1) Global House Prices - examples
Source: Invest Bulgaria Agency
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