29 March 2007 12:00

Business Flash

Bulgaria to Become a Monte Carlo of the Balkans

Bulgaria's Black Sea Coast is on its way to becoming a Monte Carlo of the Balkans. As it is a matter of prestige to have a house in Monaco world celebrities are buying estates in Bulgarian resorts and complexes on a mass scale.

One of the most famous investors is Eddie Jordan, former owner of a Formula 1 team. "The famous Irishmen bought his estate through a prestigious English fund," said Kristian Saraliev, Chief Architect of the municipality of Biala (northeast Bulgaria). One of the best-known architects in the world - Norman Foster, designer of the London City Hall was hired for the project. He is also winner of the Sterling Prize for one of his other projects - the London Sky Scraper nicknamed the Gherkin because of its unusual shape. His project in Bulgaria is still kept secret but it will probably be something eccentric, say well-informed sources.

Yurii Luzhkov, Mayor of Moscow, has also decided to invest in Bulgaria. He plans to build a huge holiday village with an outdoor track and an Olympic size stadium.

Other famous investors include Fernando Roig Alfonso owner of the Spanish football club Villarreal who plans to erect a modern port for yachts and a luxury holiday village with little hotels, family houses, expensive restaurants and bars, swimming pools and tennis courts. The total cost of the project is estimated at 100 million euro. Roig also plans to invest in the construction of a golf course worth between 8 and 10 million euro. According to the plans the construction has to start every moment now and will be completed in three years.

Krastina Marinova
Elena Dimitrova

courtesy STANDARD Newspaper


Words from Properties in Bulgaria Editor:

In the time of the property market boom in Bulgaria we at Properties in Bulgaria are happy to suggest a couple of investments that can still be considered reasonably priced to our special subscribers only. We'd like to draw your attention to the following reference numbers: BG-42191 (39,000 eur) and BG-62064 (42,000 euro), representing fantastic one-bedroom apartments in the most desired places in Bulgaria - Sunny Beach and Bansko respectively. No doubt, they are among the places with most significant return on investment. Please, check the prices - they are more common for rural houses inland rather than for high-potential apartments with such strategic positioning. Furthermore, they are ready to be used straight away and can bring you income even by the end of the current year. In other words, you get a finished apartment for the price of an off-plan.
For holiday or investment - these are the apartments that will make you happier and richer.


Sunny Beach One Bedroom Apartment
39,000 euros
(~26,500 sterling)
click here
Bansko One Bedroom Ski Apartment
42,000 euros
(~28,500 sterling)
click here



Come and visit us on the following upcoming International Property Shows:

22-25.02.2007 - DomExpo, Gostiny Dvor, Moscow, Russia, Bulgaria Stand
02-04.03.2007 - The Homebuyer Show, ExCeL, London, UK, Stand 510
10-11.03.2007 - FIM-Berlin, Maritim Hotel Berlin, Germany, Stand S-01
23-25.03.2007 - Real Estate Fair, St. Peterburg, Russia, Stand 215

06-09.04.2007 - House Hunters in The Sun, Simmons Court, Dublin, Stand D-21
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