Scondinavian Village

Scondinavian Village

Predela 2

Predela 2


01.3.2024
Bansko Skiing Zone Concessionaire Presents to Environment Minister Conceptual Design for New Ski Gondola
Sofia, January 4 (BTA) - Meeting with Environment Minister Neno Dimov and the Mayor of Bansko on Thursday, officials of Ulen, the company running the Bansko skiing zone, presented a conceptual design for a second...

The first 20 years Max Consult.BG Ltd., Congratulations! 02.6.2023
The first 20 years Max Consult.BG Ltd., Congratulations!

UPDATED Bulgaria\'s First Floating Solar Power Plant Project Unveiled in Sofia 07.3.2023
UPDATED Bulgaria's First Floating Solar Power Plant Project Unveiled in Sofia
SOFIA, 07.03.2023 08:31 | UPDATED 07.03.2023 11:32 (BTA) A major project for building Bulgaria’s first floating solar power plant was presented in Sofia on Tuesday. Construction of the plant in the water area...


Weather/BNB fixing 14.02.25

20° Sofia 21° Plovdiv
20° Burgas 17° Stara Zagora
21° Varna 20° Rousse
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Russians are main buyers of real estate bargains in Bulgaria, conference hears

18.11.2009
Property investors in Bulgaria can find bargain real estate and haggle the price down by up to 30%, it is claimed. Russian buyers are snapping up cut price properties, according to commentators.

Those taking part in the recent BalREc real estate conference said that the property market is thawing but few are making predictions for a recovery in the near future. 'Times are difficult but buyers can make an acquisition at a profitable price, according to Yael Arnon, head of business development and regional director at real estate developer AFI Europe.

Affordability is going to be the key to a market recovery, according to much of the industry. Developers need to reach out to native buyers and stop relying on foreign investment, according to some experts.

'There is a need to stimulate the construction of homes for the low end and middle class,' said Georgi Shopov, general manager of engineering and construction firm Tobo. And Plamen Andreev, general manager of construction firm Planex Holding, said the state should help developers. 'Homes at affordable prices would be difficult to build without state support,' he said. He wants the state or municipalities to offer construction companies land in exchange for a contractual duty to build blocks of flats, apartments which would then be sold at a fixed price, possibly no higher than €650 a square meter.

'The residential market depends not so much on the price of the real estate, as it does on its affordability,' according to Miroslav Beikov, chief executive of real estate investment fund Status Imoti.

He added that Bulgaria could look to other states such as Serbia, where young couples did not pay value-added tax on their first home, and Belarus, where the state guarantees that construction is finished if the building company goes bankrupt.

There are profits being made from wealthy foreign investors, particularly Russians. One company, Home for You, has been buying residential real estate in bulk at prices ranging from €390 to €650 a square meter, in Sofia, Varna, Bansko and Black Sea resorts and then selling them to wealthy Russian customers from Siberia and the Ural region at a profit margin of 20%.

Russia and other countries from the former Soviet Union are the main markets for Bulgarian holiday homes and Bulgarian real estate. Some in the industry want visa requirements to be relaxed that would encourage more investors.
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Latest news:
The ski lifts in Bansko will start operating on 01 December 2009 The ski lifts in Bansko will start operating on 01 December 2009
The ski season in Bansko will be officially opened on 12th December 2009Bansko ski resort is already preparing the ski slopes for the forecoming ski season in the Pirin Mountain. The snow cannons are already operating,...
Surge in Interest for Bulgaria Winter Resort Luxury Properties Surge in Interest for Bulgaria Winter Resort Luxury Properties
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If one had to make a list of keywords dominating the public debate on Bulgaria’s real estate sector, these would be variations on the riff of "stirring awake", "enquiries" and "first...
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A number of improvements have been made in the Bulgarian winter resortsIf all new charter flights to Sofia airport announced so far are fulfilled, the number of passengers at the airport will increase by 45,000. That...
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Neighbouring countries likely to provide bulk of winter holiday property rentals in Bulgaria Neighbouring countries likely to provide bulk of winter holiday property rentals in Bulgaria
Buy to let property owners in winter resorts in Bulgaria ought to be marketing their properties to Bulgarian and Romanians if they want to have high rental yields this season.Reports indicate that the number of visitors...
Kiril Rusev: Unified helicopter rescue system needed Kiril Rusev: Unified helicopter rescue system needed
The new director of the Mountain Rescue Service Mr Kiril Rusev tells FOCUS News Agency about the dangers in winter-time mountain areas and about the problems of the Rescue Service.FOCUS: Mr Rusev, what is expected to...
All inclusive: flights + pass + apartment + transfer + all fees and expenses.   STATION: Eastern Europe has many resorts, particularly in the Balkans and Carpathians. All are different and each has its appeal but it is indisputable that the number one is  All inclusive: flights + pass + apartment + transfer + all fees and expenses. STATION: Eastern Europe has many resorts, particularly in the Balkans and Carpathians. All are different and each has its appeal but it is indisputable that the number one is
All inclusive: flights + pass + apartment + transfer + all fees and expenses. STATION: Eastern Europe has many resorts, particularly in the Balkans and Carpathians. All are different and each has its appeal but it is...
Serbia and Macedonia highly interested in Bulgarian winter resorts: association chairman Serbia and Macedonia highly interested in Bulgarian winter resorts: association chairman
Like last year, this year the tourist sector again hopes to welcome enough tourists in the resorts for the upcoming holidays. Serbian and Macedonian citizens are highly interested in the Bulgarian winter resorts, Blagoy...
Jahorina and Bansko - cheap and good Jahorina and Bansko - cheap and good
At only thirty kilometers from Sarajevo is Jahorina, hosted the Winter Olympic Games 1984th year. Paths have total length 20 km, located at altitudes of 1200 to 1900 m. System includes 4 ski lifts with chair lifts and 4...