Ireland`s Sunday Tribune: Borovets among top places to make money from property in `08 |
2008-03-04 10:09 News from Dnevnik.bg
Irish newspaper Sunday Tribune has ranked Bulgarian ski resort Borovets 6th in its Top 10 of places to make money from property this year. The list is topped by the world`s fastest growing city, Dubai. Also on the list (in that order) are Ibiza, Poznan, Toulouse, Geneva, Orlando, London, Hurghada and Silver Coast.
According to the newspaper, Bulgaria has been one of the hottest markets in Europe for the last number of years.
But in the rush to bag a bargain here, the property market in some parts of the country has become a little too crowded and, well, not as cheap as it once was.
The UN World Tourism Organisation believes Bulgaria to be one of the most appealing `new faces` in the tourism industry today and by 2010 expects 20 mln tourists will be visiting the country per annum. As a result, inward investment has grown. According to Global Property Guide data Bulgaria had the fastest growing house prices in 2007 with a growth of 30.6%.
After two years of delays, one of the biggest projects to emerge is the Super Borovets development in the lesser known ski resort of Borovets.
And while Bulgaria isn`t exactly known for its skiing it is fast positioning itself as a less expensive alternative to the more chic locations in France and Italy.
Besides, what it lacks in facilities and machinery it more than makes up for in its ski season, a lengthy one which runs from December to April.`
This News is listed at news.Guide-Bulgaria.com
Pages:  > 2008-10-07 Bulgarian investors finish few business properties
> 2008-10-06 Festa Tower - New concept and organic architecture
> 2008-10-06 Omega Centre business project is under construction in Varna
> 2008-10-06 BalPEx Real Property exhibition from 10 to 12 Oct in Sofia
> 2008-10-03 Brokers say crisis sobers up Bulgarian property market
> 2008-10-02 New mega complex to pop up in Pomorie
> 2008-10-01 Real estate remains the main investor market in Bulgaria, not the stock exchange...
> 2008-09-29 Bulgaria with the cheapest agricultural land in Europe
> 2008-09-26 Banks control the moods on the real property market
> 2008-09-25 Tremors on Real Property Market in Bulgaria in 2009
> 2008-09-19 Wall Street`s Crisis Freezes Property Prices in Bulgaria
> 2008-09-17 Willbrook to put 40 mln euro in Bulgaria’s 1st green project
> 2008-09-17 Romanian property buyers set sights on Bulgaria
> 2008-09-16 Realtors: luxury properties not hard to sell
> 2008-09-15 Panel apartment flats conspiracy
> 2008-09-12 Housing Prices Increase by 32% Per Year in Bulgaria
> 2008-09-11 Estonian Arco Vara starts 2nd home project in Sofia
> 2008-09-10 People from all over the world flock to Gesha View, Bulgaria
> 2008-09-06 Foreign Investments in Bulgaria Real Estates Down by 10%
> 2008-09-04 Russians Once Again on the Bulgarian Real Estate Market