For the thirst half year 2007 the quantity of vacancy apartments at mountain resorts of Bulgaria has increased by 52 % as compared with the same period for the last year, according to researches of Colliers Bulgaria.
The most part or about 95 % of real estate customers in Bulgaria were the Englishmen and Irish 3 years ago. Investors from Russia, Spain, Ukraine, Czechia and Poland prevail nowadays, in accord with experts’ comments. The main reason for reorientation of investors’ interest towards Bulgaria is a high price for real estate in ex-popular countries, for ex. Spain. The real estate prices have been 31 percent up on in Croatia for the last 5 years, in Italy on 21 %, in Bulgaria on 16 % and on 11 % in Greece and Spain. Investments to the Bulgarian real estate for the first half year have overcome a psychological barrier by 1 billion dollar, a half from which reckons direct foreign investment, due to Bulgarian introduction into the European Union in January, 2007.
According to the World investments’ report, Bulgaria takes the seventh place on attraction of foreign investments, on findings of last year. The United Nations confederation for marketing and development has analysed the scale of foreign investments into economy of 141 countries. The conditioning factor of it is the introduction of Bulgaria into EU, and also reforms which have been carried out in the private sector. According to Bulgarian national bank foreign investments over last year amount approximately 5 milliard Euro. The onflow of foreign investments up on 30 - 40 % is expected in 2008.
The Financial Times reported, ' if you want to invest in property on purpose of letting it on lease, try to make it in the Eastern Europe'. The prices for the real estate constantly slow down, but it is still possible to find countries, such as Estonia, Poland or Bulgaria where the market starts to rise. The experts notice, there is an improbable rising in Baltic for example over last 2 years. There are much more possibilities for potential market’s development in Bulgaria, Poland, Romania. Englishmen preferred to buy property in Southern Spain several years ago. But today investors are focused on countries of the Eastern Europe and the coast of the South Turkey where the prices for the real estate have increased by 40 % for last 3 years.
