News
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.
Britons purchased in Bulgaria studios worth 35 000 to 40 000 pounds, while two-bedroom apartments in southern Spain cost 155 000 pounds, The Observer said.
Agents said that the number of Britons looking for property abroad had raised recently, since a number of Eastern European countries joined the EU. Increasing property prices in the UK made Britons seek property abroad.
Buyers could purchase one or two-bedroom apartment for 60 000 pounds in Bulgaria, while the average house price in the UK was more than 192 000 pounds.
Britons wanted to invest the money they had in property, agents said. As they were unable to do it at home, they looked for options abroad.
Some of the first-time property buyers considered moving abroad to save enough money to purchase property in the UK. One fifth of them considered moving to Eastern Europe, The Observer said.
sofiaecho.com (19 March 2007)
next article >>> <<< back to newsNews
RUSSIAN INTEREST IN BULGARIAN PROPERTY MARKET GROWS
There are times when the "Russian invasion" could be a pleasant surprise. When speaking of investments and buying property in Bulgaria, that is. Russian buyers seem to ...
read more...
Bulgaria is worlds top performing market
The only countries to have bucked the global downward market trend are Bulgaria, Slovakia, Cyprus and the Czech Republic, where house price growth has accelerated. Last y ...
read more...
EASYJET LAUNCHES NEW BULGARIAN ROUTE
The low-cost carrier EasyJet has confirmed that later in the year they will be opening up a route between Manchester and Sofia. The reason for this decision is primari ...
read more...
Bulgaria Tops Global Price Index
Price increases in the lodging property sector worldwide slowed down in the first quarter of 2008 to reach 6.1 per cent on an annual basis. But Bulgaria still heads the p ...
read more...
Bulgaria with Record Number of Real Estate Deals in 2007
A total of 325 385 real estate deals were made in Bulgaria in 2007, which is 4% more than their number in 2006, and a new record. The number of real estate deals is e ...
read more...
Bulgaria Named Cheapest Holiday Destination in Europe
Bulgaria is said to be the cheapest holiday destination in Europe, a new UK study shows. Bulgaria is the cheapest holiday destination in Europe, a new study shows, as ...
read more...
Bulgaria among Germany's Top Ten Tourist Destination
Bulgaria has been ranked ninth among Germany's most popular tourist destinations by the GIATA-Ranking Agency, the Bulgarian Union of Tourism Investors announced. Bulg ...
read more...