REAL ESTATE NEWS

	British Influence
	Stathistics
	Bulgaria - European Union Membership

25.05.2006  British Influence		TOP
	The british influence in Bulgaria is continuing. People discover not only our beautiful environment but also our remained hospitality and a way to invest their money profitably. Not long ago the "Independent" newspaper offered to its readers an article which says that thousands of british people are open-minded about Bulgaria. The possibilities to invest in this beautiful country, which must join the European Union on 1st of January 2007, are four types. The first type includes a buy of real estates in the capital Sofia, which is increasing its economical power more than the other Eastern-European capitals. For the price of 100 – 126 thousands of Euro you can find an apartment at the center of Sofia. You can also Find the same kind of real estate property in the mountain ski resorts – "Bansko is not the poor cousin of the Alpes but is a modern ski resort with beautiful sights during the summer as well." The example above is for an apartment with two bedrooms for about 100 thousand Euro. In third place the newspaper summarizes evidences that the Bulgarian sea side is on the way to end up with its name for a cheap destination. "Sunny Beach" has already reached the potential of its Spanish brother "Costa del Sol" for its sun, cheap beer and delicious food. "The Smart Investments" are in the incredibly cheap agricultural land. There are prices like 8 Euro for a square meter agricultural land bur in the heart of the country these prices may go down to 3 Euro/ sq.m. In conclusion the newspaper goes: "More and more investors will discover that Bulgaria is the right place for them." For those who want to discover Eastern Europe the right place is not Hungary or Slovakia but Bulgaria, consults the London's "Spectator" magazine. In his last edition Mr.Clark , visited Bulgaria as a tourist, tells that Plovdiv and Bansko are places where the food is extremely delicious and the prices more than cheap." Go and see that country before the European commissars" – ends the author.

25.05.2006  Stathistics		TOP
	Since 15th of May all constructions in “Sunny Beach” are disallowed. As for Nessebar and the other vacation places the local municipality extended the time tolerance. Statistics reports the possibility to buy a real estate property for $ 1 million in the following cities: London – 30 m , Tokio – 48 m2, New York – 52 m2, Paris – 55 m2, Moscow – 58 m2, Madrid - 99 m2, Mallorca - 154 m2, Manchestar – 171 m2, Croatia – 302 m2, Bulgarian Sea resorts – 632 m2. Stats are published by “Financial Times” in April this year and are related to first class living areas. Almost 30 offers about sales of houses, situated at Sofia with price more than 1 million Euro, can be found on the web-pages of real estate agencies from Sofia. The location of this kind of real estates is mostly in the luxury neighbourhoods like “Boyana”, “Dragalevci”, “Simeonovo”, “Gorna Bania”, “Vitosha”. The price of square meter starts from 1000 E/m2 and goes to 2400 E/m2. As a rule almost all real estates include a yard of minimum 700 m2. The number of investment funds in real estate property has increased during the recent years. For less than a year these funds have started to operate with more than $ 100 million dollars invested in real estates in big cities or at the sea side of our country. The stocks of these funds are already available to be bought in the Bulgarian stock market.

24.07.2006  Bulgaria - European Union Membership		TOP
		Bulgaria is set to be the next state to be accepted into the EU, along with its close neighbour Romania. Having fulfilled all the entry criteria as laid out by the EU and with the accession treaty already signed, full membership is expected in 2007. As an EU member state, Bulgaria intends to take full advantage of its geographical position in the far east of the European Union, offering greater employment opportunities to its already educated workforce. Bulgaria will utilize the considerable infrastructure and general expertise available within the EU to enhance its own economic development at all levels. Having already benefited from high levels of EU aid prior to its accession, being a full member ensures the continuing flow of aid, aimed at bringing the country’s infrastructure to the same level as other member states. The huge strides that are being made with this aid are already plain to see with, amongst other measures, the construction of a major new highway linking Bulgaria with other member states to the west, north and south. Most importantly, being an EU member will bring considerable stability to Bulgaria, ensuring it will never again return to the economic mire which it found itself in post-communism. Any remaining weaknesses in its economy will be eradicated and property prices will continue to respond accordingly. Examples of the same trend can be found if you study figures immediately after accession to the EU by countries such as Hungary, Poland, Czech Republic, Cyprus and Malta.