Fri, Feb 10 2012

BULGARIAN PROPERTY LURES MORE WELSH

Mon, May 22 2006 13:00 CET

1606 Views

Increasing number of Welsh, buying property abroad, have showed interest in the Bulgarian real estate sector, icwales.co.uk reported.

This high interest in the past seven years has turned Bulgaria into a property hotspot, the website reported.

Low property prices, compared to the ones in other countries, as well as the country's expected EU membership, raise the appeal of local property, real estate agents said.

At the same time prices are on the rise, because of the steady demand. Only during the past year property became 47.5 per cent more expensive on the average. Values would increase more than twice this year, property agents said.

The country's resorts have attracted increasing numbers of foreign tourists, as well, icwales.co.uk said. Over the past two years, the number of tourists from EU member states has increased by nearly 90 per cent.

Foreigners, who previously purchased property in Spain and the UK are now turning to Bulgarian resorts, agents said.

According to World Trade Organisation prognoses by 2010 Bulgaria would be visited by at least 20 million tourists annually. The results of the research present the country as one of the most promising international tourism destinations, the website reported.

Only in the next months, 80 000 British citizens are expected to look for a second home in the country. Most would use the property for short breaks and vacations, icwales.co.uk said.

  • Print
  • Send via email
  • Translate to
  • Share:

To post comments, please, Login or Register.


Please read the The Sofia Echo forum comments policy.

More in this category

European Commission meets target for recruiting Bulgarians, Romanians

‘I am delighted we managed to identify and attract some of the brightest and best people from Bulgaria and Romania to come and work at the European Commission,’ EC Vice-President Maroš Šefčovič said.

Cold spell should ease its grip on Europe next week, World Meteorological Organisation says

The current ‘negative Arctic Oscillation’ – a weather phenomenon which leads to cold conditions in Europe and relatively warmer conditions in the Arctic – should shift into a more neutral pattern within the next two to three weeks.

Cold snap hits Europe; thaw a threat

The extreme cold has been blamed for almost 400 deaths across Europe. In Ukraine, where temperatures have fallen below minus 30 degrees Celsius, the cold is blamed for at least 122 deaths. Many of the victims were homeless.

Bulgaria among EU’s lowest government debt-to-GDP ratios – Eurostat

At the end of Q3 2011, the highest government debt to GDP ratio was in Greece, at 159.1 per cent.

Bulgaria calls for rapid adoption of UN Security Council resolution on Syria

Foreign Minister Nikolai Mladenov says that Bulgaria supports the draft Security Council resolution presented by Morocco because it outlines a peaceful transition process that is the only way to stop the killings of civilians in Syria.

© 2000-2012, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.