The Europe Travel Commission of the World Tourism Organization is going to hold a sitting in Bulgaria’s capital Sofia. The meeting is scheduled for April 27-28, 2010. The Bulgarian government is expected to allocate BGN 100 000 for the organization and the holding of the World Tourism Organization forum. The funds will be used to pay for conference halls, transportation, hotel stays of the delegates,  [ Read More ]

Dutch TKP Pensioen Real Estate Fonds (TREF), which claims to be the biggest property fund in Europe with investments of more than one billion euro, has declared its interest to invest in Bulgaria. TREF has started researching investment opportunities offered by Bulgarian funds, but also in other South East European countries. The fund already has put money in real estate investment trusts (REITs) in Hungary, Poland and Czech Republic, such  [ Read More ]

British homeowners are mounting a peaceful demonstration in the Bulgaria ski resort of Bansko on Wednesday, to protest against being cheated out of their investments. Scores of British people have, over the past two years, paid out large sums of money – estimated in millions of pounds sterling – on family housing in the Four Seasons complex in the town. However, they have not been able to take possession of  [ Read More ]

Residential property prices in Spain fell nationally by 5.5% over the 12 months to the end of February, according to the latest real estate price index to be published. There is a degree of stabilisation, with the index remaining the same as the previous month, said appraisal company Tinsa. But the headline figures hid the fact that in some markets prices are still falling considerably. A closer examination of the  [ Read More ]

Chris Bryant, the Minister for Europe, was speaking last week during a visit to south-eastern Spain to meet British expatriates who have been told that their homes will be bulldozed after Spanish authorities declared their construction illegal, said that the country was undermining efforts to create a recovery in its beleaguered housing market. Mr Bryant warned that: “The housing market in Spain is not going to recover quickly if pictures  [ Read More ]

3.8% fewer foreign tourists visited Spain in February this year, compared with the same month last year, as a result of the poor weather. 2.7 million foreigners came to holiday in Spain, but holiday companies, hotels and travel agencies all reported an increase in flight and package cancellations because of the inclement weather. These latest figures reverse the slight recovery in tourism figures the country had seen in January, when  [ Read More ]

According to the latest figures released by Eurostat, the Bulgarian economy is still most certainly heading downwards, but there are some signs of hope on the horizon. Eurostat figures show that Bulgarian GDP shrank a further 6.2% in the fourth quarter of last year. This came on top of a 5.4% contraction in the third quarter, and a 4.9% contraction in the second quarter. The signs of hope are the  [ Read More ]

The winter season will complete successfully, considering the number of tourists visiting the mountain resorts in Bulgaria. This was a forecast by the head of the Institute for Analysis and Assessment of the Tourism sector Rumen Draganov. Despite of the problems on the Greek border, the high quality of the tourism product in Bansko and Sandanski, the number of tourists visiting Bulgaria remained intact. The winter season continues with the  [ Read More ]

The market for land for sale in Bulgaria is quite large and property developers from all over the world are looking to cash in on the current market state. This is no surprise since Bulgaria is in a buyer’s market state at this point making the pickings ripe for all the developers the world has to offer. These developers smell the cash flowing from the Bulgaria area and are locating  [ Read More ]

Spain’s property industry grew for the first time in three years in January this year, prompting some of the industry’s most respected experts to announce that now might well be the time to buy. Statistics from Spain’s National Institute of Statistics (INE) have revealed that Spain’s property market recorded 34,000 home sales in January 2010, a 1.4% increase on the same period last year. Not a great increase, by any  [ Read More ]