13.04.2009

Dear Property Investor,

 

Yet again I would like to thank you for your valuable time you're spending reading our newsletter.

 

We're welcoming all your comments and suggestions on this free property newsletter service. Our aim is to help you make your investment in Bulgaria most profitable and easy.

 

 

 

Today's Topics (April 13, 2009)

 

Bulgaria Cultural Tourism Not Affected by Global Crisis
The sixth annual "Cultural Tourism" expo was launched Wednesday in the Bulgarian city of Veliko Tarnovo.......[more]

 

Renting Office in Bulgaria's Sofia Becomes Cheaper
The average office space renting price in Bulgarian capital Sofia's downtown have decreased by 18%, imoti.net statistics showed......[more]

 

Bulgaria Says No Need to Speed up Euro Adoption
Bulgaria's finance minister has taken a stance against the immediate introduction of the euro, saying this would have no significant economic impact......[more]

 

Today's Special

 

30% Below Market Value - Fully Furnished 2-b/r apartment in Sunny Beach for EUR 99,000
Substantial rental potential. Completely furnished two-bed high-quality apartment in Sunny Fort complex, Sunny Beach Resort......[more]

 

 

 

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Should you need any further information on Bulgaria and/or property investment please do not hesitate to contact Properties in Bulgaria.

 

 

Sincerely yours,

 

 

Nick Lavtchiev, MSc.

Properties in Bulgaria Managing Director

 

4th Floor, 16 Sv. Nedelya Sqr.
BG-1000 Sofia, Bulgaria

T: +359(0)2 9862863

F: +359(0)2 9861743

W: propertiesinbulgaria.com

 

 

 


Bulgaria Cultural Tourism Not Affected by Global Crisis
April 10, 2009

The sixth annual "Cultural Tourism" expo was launched Wednesday in the Bulgarian city of Veliko Tarnovo.

 

This year's edition of the expo includes 300 representatives from 12 countries.

 

At the opening ceremony, the Chair of Bulgaria's State Tourist Agency, Anelya Krushkova, said that cultural tourism was one of the few sectors that have not been affected negatively by the global financial crisis. Krushkova informed that while Bulgaria's winter resorts registered a 6,5% reduction in the number of tourists this season, 2,5% more people have visited Veliko Tarnovo's historical sites.

 

Blagoy Ragin, Chair of the Bulgarian Hotel and Restaurant Association (BHRA) supported Krushkova's statement. Ragin said that Veliko Tarnovo and Velingrad were the two destinations that were pulling the country's tourism forward and added BHRA was going to nominate Veliko Tarnovo for the Balkans' Cultural Capital.

 

The expo's participants will have the opportunity to learn about the Italian and Spanish experience in preserving cultural and historical sites and turning them into tourist attractions along with the procedures to register a particular site as a world historical heritage and treasure.

 

The guest will further enjoy special tours, hotels, restaurants, exhibits and other attractions.

 

The Villa "Aldimira" in the southern town of Ivaylovgrad received the award of the State Tourist Agency. The award is bestowed for special contributions in turning the country's cultural and historic heritage into a tourist destination.

 

BHRA will also, for the first time, present their award for contributions to the development of the local cultural tourism.

 

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Renting Office in Bulgaria's Sofia Becomes Cheaper
April 09, 2009

 

The average office space renting price in Bulgarian capital Sofia's downtown have decreased by 18%, imoti.net statistics showed.

 

The decrease of the prices of offices near Bulgaria Blvd. is most dramatic - by 46%. Currently, offers are up to EUR 15 per square meter. The cheapest office costs EUR 350 a month, and is 66 square meters. The most expensive is EUR 1 500 for 100 square meters area.

 

On the contrary, rent prices for offices near Maria Louisa Blvd. have risen by 25%. Prices vary from EUR 4 to EUR 49 per square meter. The most expensive ones can be rented for EUR 4000 per month, and the cheapest cost EUR 250 a month.

 

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Bulgaria Says No Need to Speed up Euro Adoption

April 09, 2009

 

Bulgaria's finance minister has taken a stance against the immediate introduction of the euro, saying this would have no significant economic impact.

 

Plamen Oresharski statement came in reply to International Monetary Fund calls on central and eastern European countries to consider scrapping their currencies in favour of the euro even without formally joining the eurozone.

 

In a confidential IMF report, which leaked earlier in the week, the fund said the eurozone could relax its entry rules so countries could join as quasi-members, without European Central Bank board seats.

 

"Give me just one reason for concluding a new agreement with the IMF at this stage," Minister Oresharski said, adding that Bulgaria has been considering the adoption of the euro and its impact on the economy for more than ten years.

 

"We will do that if we have to, I can see no drama here," he added.

 

"Bulgaria's entry into the eurozone will have no dramatic consequences," the minister said, as cited by 24 Hours daily.

 

He pointed out that Bulgaria's economy has been adjusted to a fixed currency rate in 1997-2000 at times of cataclysms, fluctuations and problems.

 

Bulgaria's entry in the eurozone, initially scheduled for 2010, has been set back for some time around 2012. Experts say it is conditional on continued fiscal prudence and lower inflation.

 

In fact, Bulgaria has yet to join the Exchange Rate Mechanism, the "waiting room" for euro membership, amid concerns about its inflation rates and external trade imbalances. Stricter application of membership criteria has also been a factor in the delay.

 

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30% Below Market Value:  High-Quality 2-B/R Apartment in Sunny Beach for EUR 99,000

April 13, 2009

 

Photo by propertiesinbulgaria.com Completely furnished two-bed high-quality apartment in Sunny Fort complex, Sunny Beach Resort.

The complex has its own swimming pool, tennis court, bar & restaurant, shops and children’s playground. 24-hour manned/CCTV security with controlled access and private parking lots.

The strategic location in the very centre of Sunny Beach Resort just 230 m from the 6-mile long white-sand beach makes the complex very attractive for all tour-operators.

The apartment offers 129.44 m2 area of accommodation and has two bedrooms with balconies, large living/dining/kitchen with panoramic balcony overviewing tennis court, two bathrooms and a closet.

The apartment is located on the top floor and has a substantial rental potential since 2-b/r are much more sought after in Sunny Beach by all the major tour-operators.

Distances from the apartment to:

  • Beach - 230 m
  • Amenities - 0 m
  • Sunny Beach Promenade - 200 m
  • Night Life - 1200 m
  • Burgas International Airport - 18 km
  • Varna International Airport - 90 km

More details and photos of this property are available here 

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*The above information courtesy of novinite.com and propertiesinbulgaria.com

 


 

     
 

16 Sveta Nedelya Sqr, 4th Floor, Sofia, , Bulgaria
t: +359(0)2 9862863 | f: +359(0)2 9861743
e:
[email protected] | w: propertiesinbulgaria.com