Speculative investors bought Bulgarian property well before confirmation was received that Bulgaria would join the EU; so now that Bulgaria's EU entry date has been confirmed as January 2007 have these speculators swallowed up all of the capital gains possible and bought the best rental rate returning real estate? Many would have you believe that this is the case but property investment experts Amberlamb reveal another side to the story – namely that it is still possible to profit, and profit well, from property in Bulgaria.
At which point did property in Bulgaria as an asset class shift in many people's minds from being the absolute must have investment commodity to being an over-hyped asset likely to be left standing empty, unable to be let out or resold? Is the change in attitude towards Bulgarian property accurate? And what's more - why should we care?
Firstly, we should care because many individuals have actually taken the plunge, believed the hype and invested significant sums of their hard earned money into property in Bulgaria in a bid to buy into a marketplace where there is both room for capital growth and demand for property to let for attractive rental returns, and it is unfair to dismissively undermine these people's investments merely on a whim!
Secondly, there remains not only room for impressive annual capital appreciation in Bulgaria for the medium term but the nation has one of the fastest growing tourism markets in the world meaning that it is a hotspot for careful and considered buy to let property investment for the long term…
Bulgarian properties
The general change in the consensus of opinion relating to the attraction of Bulgarian real estate - or lack of it - came about as the annual rate of potential capital appreciation achievable from property dropped from triple digits in 2005 to double digits so far in 2006 – but yet again, let's put that into perspective...yes, at its height the Bulgarian property market was growing so fast that a selective investment made into property could return an investor over 100% gains in one year, but today as base underlying prices have risen from their incredibly low starting point, annual average capital growth is a more realistic but still highly attractive 30 – 35%.
What the media and many property analysts have got entirely right is that it is not possible to profit or generate an income from every single property in Bulgaria and this is perhaps where mistakes have been made in the past – such was the frenzy surrounding the exciting rate at which the property market was expanding in Bulgaria that investors believed they could buy any old piece of real estate and rent it out or flip it and resell it for strong gains. Naturally enough, now that the market in Bulgaria is maturing the old essential aspects of location, location, location have come into effect and only the best located and most desirable properties will let and resell easily making the Bulgarian property market less of an emerging temptation and more of a mature opportunity.
There exists a genuine and growing demand for property in Bulgaria for sale, that tourism in Bulgaria is growing in a sustainable way by up to 22% annually, that double digit capital growth is forecast by leading property analysts for the medium term, that the government of Bulgaria and private investors are continuing to plough substantial funds into the improvement of attractions and infrastructure across the nation and that prices for attractive properties with the best potential for rent and resale are still incredibly low compared to markets such as France, Italy, Spain and Portugal meaning that not only is the Bulgaria property market accessible for more people it is likely to prove profitable for many years to come...
Tuesday, November 28, 2006
Saturday, November 25, 2006
Bulgarian Property Market Insight
GOLF GRABS BULGARIA!
At the present time there are only three golf courses in the whole of Bulgaria: one at Elin Pelin, near the capital, Sofia, and two owned by Air Sofia. These are located at Ihtiman, opened in 2000, 40km from Sofia, and at Sliven, opened in 2004, 90km from the Black Sea.
Because of the increasingly rapid rise in foreign interest in Bulgaria recently, several more golf courses are proposed. One of these will be located at Razgrad, in the north-east, about 90km from the Black Sea. More are scheduled to open in the next few years: two at Kavarna and one at Primorsko, near Sozopol.
Mountain and ski areas will be represented by a golf course in the ski town of Bansko this year, and a very large golf complex between Kostenets and Borovets, the country's foremost ski resort. This is scheduled for 2007, the year of Bulgaria's entry into the European Union, and will be located at Dolna Banya, already near Bulgaria's first golf course at Ihtiman.
Bulgaria Properties Ltd has purchased almost 6 acres of prime development land adjacent to the proposed golf course at Dolna Banya. The plans are to construct about 220 apartments around a comprehensive sports complex, with access to the golf course by a short footpath. The amenities on site are to include tennis, volleyball, squash, badminton, lawn bowls, boules (boccia), shooting, archery, croquet, mountain biking, and fishing nearby. Indoor facilities will include a 140-seat main restaurant and cabaret stage, a huge main bar (perhaps the largest in Bulgaria), a sports bar with projection TV, snooker, pool, table football, table tennis, a Chinese restaurant, Indian restaurant, fast food cafeteria, pizzeria, gymnasium, sauna, massage parlour, clinic, chemist, sports shop and minimarket.
Steve Avery, a Director of Bulgaria Properties Ltd, said, “It may sound like a cliché, but we really were in the right place at the right time! After two years in this business, I just couldn’t believe my luck to find such a gem. Anyone involved in this project should make a serious return on their investment.”
GENERAL OBSERVATIONS ABOUT THE BULGARIAN PROPERTY MARKET
On Borovets and Bansko generally, Steve had this to say: “Apart from having ski lifts and ski runs, these two towns are quite different from each other, and appeal to different groups of people. Bansko is an old, traditional residential town with lots of character and no fewer than 180 quaint taverns full of local people singing and dancing to a typical Bulgarian folk band. Borovets, by contrast, is purely a resort, with hotels, modern west European-style bars and night-clubs, cafés and restaurants. Residential property and holiday homes are therefore readily available in Bansko, but not in Borovets, where the closest you can get is usually in one of the surrounding villages.
‘As for property values, Bansko went mad for a period of three months at the end of 2003, with land prices doubling, and then calmed down. Many poor goatherders suddenly found that they were rich. Nothing wrong with that, I say. Since then values have been pretty steady there until now, when they’re starting to creep up again. The reason for this is that the sudden surge in foreign tourists to Bansko has left the supply of holiday accommodation woefully short of the demand. And this trend shows no sign of abating. To try to cope with it, there have sprung up many hotels and apartment projects, but it seems unlikely that even these will be able to satisfy the demand for accommodation for several years yet. As a result, the prices for such apartments range from 1,000 Euros per sq.m. for a ground-floor unit facing away from the mountains, to 1,350 Euros per sq.m. for a top-floor example with a mountain view. Yet, people buy them. I guess, because a 1 bedroom 60sq.m. apartment for £41,000 is still a far better deal than you’d get in Spain. I’ve heard developers claim that 90% of their apartments are sold within 3 weeks! I only hope that we have such luck when ours are released in June!
‘In this respect Borovets, again, is different. Although it’s Bulgaria’s first and best-known ski resort, it stagnated for years… until now. The ‘Super Borovets’ project, funded by EU, governmental, foreign and local business sources, is scheduled to run from 2005 to 2009, and will revitalise the whole region around the town to a radius of 10-12km. This has already started to affect property values in the surrounding areas. To give an example, in March 2004 we bought, unseen, a half-acre plot in a village 15km from Borovets. When I visited it, I discovered that it wasn’t suitable for building apartments; so, I put it on the market in August. By November it was sold at an 80% profit – after all costs were deducted!
‘I am personally of the opinion that the ‘Bansko effect’ could strike around Borovets at any moment. That’s the reason why Bulgaria Properties Ltd is developing four projects here, and only two in Bansko. We can sell these apartments about 15% cheaper – at the moment, anyway. Borovets must surely offer a better return on investment, regardless of the type of property bought: land, a shack, whatever. You won’t find new apartments easily, though. As far as we know, Bulgaria Properties Ltd is the only developer building them. I don’t, however, expect this monopoly to last for long.
‘Bulgaria’s third ski region is at Pamporovo, which, like Borovets, is purely a resort. Funding is starting to come in, but full development, if it happens at all, is likely to follow several years behind Borovets. Its distance from Sofia (a day’s drive) makes it less attractive to visitors from north and west Europe. It is, however, popular with Greeks, because of its proximity to the frontier. One of Bulgaria’s major motorway routes to Greece will pass very close to Pamporovo, and this should boost its popularity, as well as making the Mediterranean Sea more accessible.
‘Property values are lower here than in Bansko and Borovets, but are creeping up gradually. I reckon that Pamporovo is a good long-term prospect; say five to ten years. The only reason why Bulgaria Properties Ltd has no developments here is because I’ll probably have retired before the boom happens.”
How does a mountain area investment compare with coastal properties?
“Significant differences yet again. Until recently, most of the investment was flooding into the northern Black Sea coast resorts, from Varna down to Sunny Beach. The area became very popular as a result of the Bulgarian government’s ‘Bulgaria the Beautiful’ TV campaign back in the ‘80s, and the subsequent interest of package tour operators. Now that the north is saturated with developments, the interest has begun to creep down the coast. This is causing a steep rise in property values. They are still lower than those in the north, but the gap is closing. An investment in the south should therefore offer a better ROI.
‘Don’t expect, though, the ambience of the south to become like that of the north. When I discussed the subject with the Chairman of the Bulgarian Foreign Investment Agency last year – an extremely intelligent and able young man, I must add – he told me in no uncertain terms that he did not want the south to become like the north. His very words were: “We don’t want another Benidorm.” So, prospective property purchasers need to bear this in mind, and balance their desire for more capital growth, or their willingness to accept less, with the different rental market appeal of the two regions, along with their own taste in holidays.
‘There is one highly significant factor, however, which very often goes unnoticed until it is too late; and it applies to the whole coast. Most people don’t know that it freezes on the coast in winter. When they see the coastal resorts basking in the hot summer sunshine, it’s difficult to imagine snow on the ground. The entire coast simply shuts down in the winter, and nothing happens. It’s as dead as a doornail. Therefore, rental income can be fairly assured for 15 weeks, possibly 20, plus some odd bits in the shoulder seasons of April and October. The coast has a five-month season from May to September, compared to nine months in the ski areas. Those people buying only for rental income, therefore, would find the mountains far more lucrative.
‘ ‘The Times’ recently published an article, saying: “Rental yields tend to be better for ski properties than those on the coast because of the longer ski season. You could expect about 12 per cent gross yield for a good ski apartment and about half that on the coast.”
‘Rents vary greatly, and depend on many factors, most of which should be obvious: location, size, view, amenities. The standard of finish and the condition of the property can also determine your market quite radically. To appeal to west Europeans, and to command the highest rents, your property must be well finished and appointed, and be in tip-top condition. If it is not, you still have a market for east Europeans, who tolerate less salubrious surroundings because they pay much less, usually about half of the west European rates.
‘Generally, summer rental rates on the coast equate to winter rates in the ski resorts, both seasons being about five months. Remember that you also have about four months’ additional rent, though at lower rates, during the summer in the mountains. These rates should increase gradually, as the Government programmes to make the ski towns more popular for summer holidays make their mark.
‘There are several Bulgarian agencies willing to manage your rental properties for you. Expect to pay about 20% of the rent as a fee.”
What about properties in the countryside?
“Not a serious contender in the ROI stakes, I think. Not if you consider the effort involved. You can pick up property very cheaply indeed in the inland areas, away from the resorts. Almost always it’ll need some kind of work; anything from a face-lift to demolition. There’s often no inner staircase to the bedrooms, no bathroom, and the toilet is in a shed in the garden. This kind of property is great for buyers who want to get away from their homeland, and disappear in the beauty of nature permanently. As a business, it could appeal to self-builders or DIY enthusiasts, prepared to do it for fun, and accept a low return on their financial and physical investment. As for rental income, forget it!”
And the cities?
“Again, there are differences, even between cities. The prime city is, of course, Sofia, the capital. Buy the right apartment here, in the right area, and you can expect a guaranteed rental return of about 12% per annum. The flavour of the month is gated communities, particularly in the south of the city. The diplomatic residential district of Vitosha is one of the best bets. There is a ready demand for luxury accommodation from diplomatic staff and executives seconded by foreign companies, usually on a long-term basis, and this demand should increase as 2007, the year of Bulgaria’s accession to the European Union, approaches. Although you should expect to pay high for such properties by Bulgarian standards, it’s still only the price of a tarted-up Victorian terraced flat in a UK provincial town.
‘There’s virtually no market for tourist rentals in Sofia, as it’s probably the least interesting European capital city. It’s also very polluted, although they are trying to clean up their act, ready for EU entry in 2007.
‘Plovdiv, the country’s second city, is much more pleasant. It has a quaint old town, as well as modern business districts. It therefore bridges the gap between business and tourism, as far as rentals are concerned. Plovdiv is connected to Sofia by an excellent motorway, on which you can keep the pedal to the metal, if you’re prepared to risk an on-the-spot fine of 50 Leva (about £18).
‘Veliko Tarnovo is probably Bulgaria’s most touristic city, with its citadel and mediaeval ramparts. Most people who buy property here do so to make it their main home. The city itself is beautiful, and it has everything a townie needs. Drive a short distance, and you’re in some wonderful countryside. You couldn’t really make a good living from rentals, but it’s the perfect place to retire to.
‘There’s one more thing which is important enough to mention: Mineral baths. These exist all over Bulgaria, the most significant being at Narechen, south of Plovdiv, and Momin Prohod, near Kostenets. Scientific studies rank Bulgaria among the foremost in Europe for hydrothermal, bioclimatic and mud treatments, sea cures and other health resources. Bulgaria is a world leader with its exceptional diversity of medicinal herbs and the excellent curative properties of its apian products. Any property near a spa should attract a premium to its sales or rental value.”
Full details about the ‘Super Borovets’ project, price madness in Bansko, golf developments in Bulgaria, and new apartments in Bansko and Borovets can be seen at the Bulgaria Properties Ltd web site www.BulgariaProperties.net. Or you can e-mail advice@BulgariaProperties.net, or call the company at +44 (0)871 226 2296 to order a free 28-page hand-out, or just for a chat, if you prefer. They always have time for you.
Steve Avery's profile can be seen at http://www.BulgariaProperties.net/About.html.
Copyright 2005 All rights reserved.
Article Source: http://EzineArticles.com/?expert=Steve_Avery
At the present time there are only three golf courses in the whole of Bulgaria: one at Elin Pelin, near the capital, Sofia, and two owned by Air Sofia. These are located at Ihtiman, opened in 2000, 40km from Sofia, and at Sliven, opened in 2004, 90km from the Black Sea.
Because of the increasingly rapid rise in foreign interest in Bulgaria recently, several more golf courses are proposed. One of these will be located at Razgrad, in the north-east, about 90km from the Black Sea. More are scheduled to open in the next few years: two at Kavarna and one at Primorsko, near Sozopol.
Mountain and ski areas will be represented by a golf course in the ski town of Bansko this year, and a very large golf complex between Kostenets and Borovets, the country's foremost ski resort. This is scheduled for 2007, the year of Bulgaria's entry into the European Union, and will be located at Dolna Banya, already near Bulgaria's first golf course at Ihtiman.
Bulgaria Properties Ltd has purchased almost 6 acres of prime development land adjacent to the proposed golf course at Dolna Banya. The plans are to construct about 220 apartments around a comprehensive sports complex, with access to the golf course by a short footpath. The amenities on site are to include tennis, volleyball, squash, badminton, lawn bowls, boules (boccia), shooting, archery, croquet, mountain biking, and fishing nearby. Indoor facilities will include a 140-seat main restaurant and cabaret stage, a huge main bar (perhaps the largest in Bulgaria), a sports bar with projection TV, snooker, pool, table football, table tennis, a Chinese restaurant, Indian restaurant, fast food cafeteria, pizzeria, gymnasium, sauna, massage parlour, clinic, chemist, sports shop and minimarket.
Steve Avery, a Director of Bulgaria Properties Ltd, said, “It may sound like a cliché, but we really were in the right place at the right time! After two years in this business, I just couldn’t believe my luck to find such a gem. Anyone involved in this project should make a serious return on their investment.”
GENERAL OBSERVATIONS ABOUT THE BULGARIAN PROPERTY MARKET
On Borovets and Bansko generally, Steve had this to say: “Apart from having ski lifts and ski runs, these two towns are quite different from each other, and appeal to different groups of people. Bansko is an old, traditional residential town with lots of character and no fewer than 180 quaint taverns full of local people singing and dancing to a typical Bulgarian folk band. Borovets, by contrast, is purely a resort, with hotels, modern west European-style bars and night-clubs, cafés and restaurants. Residential property and holiday homes are therefore readily available in Bansko, but not in Borovets, where the closest you can get is usually in one of the surrounding villages.
‘As for property values, Bansko went mad for a period of three months at the end of 2003, with land prices doubling, and then calmed down. Many poor goatherders suddenly found that they were rich. Nothing wrong with that, I say. Since then values have been pretty steady there until now, when they’re starting to creep up again. The reason for this is that the sudden surge in foreign tourists to Bansko has left the supply of holiday accommodation woefully short of the demand. And this trend shows no sign of abating. To try to cope with it, there have sprung up many hotels and apartment projects, but it seems unlikely that even these will be able to satisfy the demand for accommodation for several years yet. As a result, the prices for such apartments range from 1,000 Euros per sq.m. for a ground-floor unit facing away from the mountains, to 1,350 Euros per sq.m. for a top-floor example with a mountain view. Yet, people buy them. I guess, because a 1 bedroom 60sq.m. apartment for £41,000 is still a far better deal than you’d get in Spain. I’ve heard developers claim that 90% of their apartments are sold within 3 weeks! I only hope that we have such luck when ours are released in June!
‘In this respect Borovets, again, is different. Although it’s Bulgaria’s first and best-known ski resort, it stagnated for years… until now. The ‘Super Borovets’ project, funded by EU, governmental, foreign and local business sources, is scheduled to run from 2005 to 2009, and will revitalise the whole region around the town to a radius of 10-12km. This has already started to affect property values in the surrounding areas. To give an example, in March 2004 we bought, unseen, a half-acre plot in a village 15km from Borovets. When I visited it, I discovered that it wasn’t suitable for building apartments; so, I put it on the market in August. By November it was sold at an 80% profit – after all costs were deducted!
‘I am personally of the opinion that the ‘Bansko effect’ could strike around Borovets at any moment. That’s the reason why Bulgaria Properties Ltd is developing four projects here, and only two in Bansko. We can sell these apartments about 15% cheaper – at the moment, anyway. Borovets must surely offer a better return on investment, regardless of the type of property bought: land, a shack, whatever. You won’t find new apartments easily, though. As far as we know, Bulgaria Properties Ltd is the only developer building them. I don’t, however, expect this monopoly to last for long.
‘Bulgaria’s third ski region is at Pamporovo, which, like Borovets, is purely a resort. Funding is starting to come in, but full development, if it happens at all, is likely to follow several years behind Borovets. Its distance from Sofia (a day’s drive) makes it less attractive to visitors from north and west Europe. It is, however, popular with Greeks, because of its proximity to the frontier. One of Bulgaria’s major motorway routes to Greece will pass very close to Pamporovo, and this should boost its popularity, as well as making the Mediterranean Sea more accessible.
‘Property values are lower here than in Bansko and Borovets, but are creeping up gradually. I reckon that Pamporovo is a good long-term prospect; say five to ten years. The only reason why Bulgaria Properties Ltd has no developments here is because I’ll probably have retired before the boom happens.”
How does a mountain area investment compare with coastal properties?
“Significant differences yet again. Until recently, most of the investment was flooding into the northern Black Sea coast resorts, from Varna down to Sunny Beach. The area became very popular as a result of the Bulgarian government’s ‘Bulgaria the Beautiful’ TV campaign back in the ‘80s, and the subsequent interest of package tour operators. Now that the north is saturated with developments, the interest has begun to creep down the coast. This is causing a steep rise in property values. They are still lower than those in the north, but the gap is closing. An investment in the south should therefore offer a better ROI.
‘Don’t expect, though, the ambience of the south to become like that of the north. When I discussed the subject with the Chairman of the Bulgarian Foreign Investment Agency last year – an extremely intelligent and able young man, I must add – he told me in no uncertain terms that he did not want the south to become like the north. His very words were: “We don’t want another Benidorm.” So, prospective property purchasers need to bear this in mind, and balance their desire for more capital growth, or their willingness to accept less, with the different rental market appeal of the two regions, along with their own taste in holidays.
‘There is one highly significant factor, however, which very often goes unnoticed until it is too late; and it applies to the whole coast. Most people don’t know that it freezes on the coast in winter. When they see the coastal resorts basking in the hot summer sunshine, it’s difficult to imagine snow on the ground. The entire coast simply shuts down in the winter, and nothing happens. It’s as dead as a doornail. Therefore, rental income can be fairly assured for 15 weeks, possibly 20, plus some odd bits in the shoulder seasons of April and October. The coast has a five-month season from May to September, compared to nine months in the ski areas. Those people buying only for rental income, therefore, would find the mountains far more lucrative.
‘ ‘The Times’ recently published an article, saying: “Rental yields tend to be better for ski properties than those on the coast because of the longer ski season. You could expect about 12 per cent gross yield for a good ski apartment and about half that on the coast.”
‘Rents vary greatly, and depend on many factors, most of which should be obvious: location, size, view, amenities. The standard of finish and the condition of the property can also determine your market quite radically. To appeal to west Europeans, and to command the highest rents, your property must be well finished and appointed, and be in tip-top condition. If it is not, you still have a market for east Europeans, who tolerate less salubrious surroundings because they pay much less, usually about half of the west European rates.
‘Generally, summer rental rates on the coast equate to winter rates in the ski resorts, both seasons being about five months. Remember that you also have about four months’ additional rent, though at lower rates, during the summer in the mountains. These rates should increase gradually, as the Government programmes to make the ski towns more popular for summer holidays make their mark.
‘There are several Bulgarian agencies willing to manage your rental properties for you. Expect to pay about 20% of the rent as a fee.”
What about properties in the countryside?
“Not a serious contender in the ROI stakes, I think. Not if you consider the effort involved. You can pick up property very cheaply indeed in the inland areas, away from the resorts. Almost always it’ll need some kind of work; anything from a face-lift to demolition. There’s often no inner staircase to the bedrooms, no bathroom, and the toilet is in a shed in the garden. This kind of property is great for buyers who want to get away from their homeland, and disappear in the beauty of nature permanently. As a business, it could appeal to self-builders or DIY enthusiasts, prepared to do it for fun, and accept a low return on their financial and physical investment. As for rental income, forget it!”
And the cities?
“Again, there are differences, even between cities. The prime city is, of course, Sofia, the capital. Buy the right apartment here, in the right area, and you can expect a guaranteed rental return of about 12% per annum. The flavour of the month is gated communities, particularly in the south of the city. The diplomatic residential district of Vitosha is one of the best bets. There is a ready demand for luxury accommodation from diplomatic staff and executives seconded by foreign companies, usually on a long-term basis, and this demand should increase as 2007, the year of Bulgaria’s accession to the European Union, approaches. Although you should expect to pay high for such properties by Bulgarian standards, it’s still only the price of a tarted-up Victorian terraced flat in a UK provincial town.
‘There’s virtually no market for tourist rentals in Sofia, as it’s probably the least interesting European capital city. It’s also very polluted, although they are trying to clean up their act, ready for EU entry in 2007.
‘Plovdiv, the country’s second city, is much more pleasant. It has a quaint old town, as well as modern business districts. It therefore bridges the gap between business and tourism, as far as rentals are concerned. Plovdiv is connected to Sofia by an excellent motorway, on which you can keep the pedal to the metal, if you’re prepared to risk an on-the-spot fine of 50 Leva (about £18).
‘Veliko Tarnovo is probably Bulgaria’s most touristic city, with its citadel and mediaeval ramparts. Most people who buy property here do so to make it their main home. The city itself is beautiful, and it has everything a townie needs. Drive a short distance, and you’re in some wonderful countryside. You couldn’t really make a good living from rentals, but it’s the perfect place to retire to.
‘There’s one more thing which is important enough to mention: Mineral baths. These exist all over Bulgaria, the most significant being at Narechen, south of Plovdiv, and Momin Prohod, near Kostenets. Scientific studies rank Bulgaria among the foremost in Europe for hydrothermal, bioclimatic and mud treatments, sea cures and other health resources. Bulgaria is a world leader with its exceptional diversity of medicinal herbs and the excellent curative properties of its apian products. Any property near a spa should attract a premium to its sales or rental value.”
Full details about the ‘Super Borovets’ project, price madness in Bansko, golf developments in Bulgaria, and new apartments in Bansko and Borovets can be seen at the Bulgaria Properties Ltd web site www.BulgariaProperties.net. Or you can e-mail advice@BulgariaProperties.net, or call the company at +44 (0)871 226 2296 to order a free 28-page hand-out, or just for a chat, if you prefer. They always have time for you.
Steve Avery's profile can be seen at http://www.BulgariaProperties.net/About.html.
Copyright 2005 All rights reserved.
Article Source: http://EzineArticles.com/?expert=Steve_Avery
Saturday, July 29, 2006
NEW ROAD TO LEAD TO INTERNATIONAL AIRPORT IN BULGARIA'S CAPITAL
A new road would connect Brussels Boulevard to the new passenger terminal of the Sofia International Airport.
The project is one of the measures needed for the completion of the new airport project in the capital, Focus news agency reported.
On July 24 Transport Minister Petar Moutafchiev attended the launch of work on the new road.
Several days ago the Transport Ministry and the company responsible for airport construction, Strabag, signed a document according to which the new airport terminal could start partial work in the end of August or beginning of September.
By the end of the year the second phase of the project should be completed, Moutafchiev said.
The road section should be finished within one year. Work could be completed sooner, Moutafchiev said. The ministry is still negotiating ownership over some of the plots through which the road would pass.
An agreement with the owners would be reached soon, said Moutafchiev, so that the plots became state property.
The project is one of the measures needed for the completion of the new airport project in the capital, Focus news agency reported.
On July 24 Transport Minister Petar Moutafchiev attended the launch of work on the new road.
Several days ago the Transport Ministry and the company responsible for airport construction, Strabag, signed a document according to which the new airport terminal could start partial work in the end of August or beginning of September.
By the end of the year the second phase of the project should be completed, Moutafchiev said.
The road section should be finished within one year. Work could be completed sooner, Moutafchiev said. The ministry is still negotiating ownership over some of the plots through which the road would pass.
An agreement with the owners would be reached soon, said Moutafchiev, so that the plots became state property.
Thursday, July 20, 2006
A lovely house near the town of Lovetch.
Bulgarian properties
Type: for Sale
Property type: House
City/village: Bulgaranovo
Number of bedrooms:4
Number of bathrooms: 1
Area: 200 sq.m.
Price: 67,000.00 Euro
The property is near to:
Lovetch
Property description:
Best investment! Located in the center of a picturesque village near the town of Lovech, on main road from Sofia to Varna, this house offers 200 sq.m. of living area and is comprised of two floors. The village is located in a very beautiful part of Bulgaria and is popular like hunting and fishing area. The first floor is one big premises and the second is separated on 4 rooms. There are two fireplaces, running water and electricity inside the house.
tel.: 00359.898.646.041
email: office@sofiaimoti.net
A cheap house near town of Sliven
Bulgarian properties
Type: for Sale
Property type: House
City/village: Stara Reka
Number of bedrooms:2
Number of bathrooms: 1
Area: 100 sq.m.
Price: 26,000.00 Euro
The property is near to:
The town of Sliven
Property description:
HOUSE IN BULGARIA - A cheap house near town of Sliven. This calm region is very attractive for a living, because of the fresh air and the beautiful nature. The property is situated in hunting and fishing area. The house offers accommodation of 100 sq.m, distributed in the fallowing manner: 2 bedrooms, one living room, little kitchen and internal bathroom. Electricity and running water are available inside the house. The garden is 1000 sq.m, and has many fruit trees. This property is a suitable place for your family holidays away
tel: 00359.898.646.041
email: office@sofiaimoti.net
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- YEAR-ROUND FOREIGN DEMAND FOR VILLAGE HOUSES IN BULGARIA
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- BULGARIA'S ENVIRONMENT MINISTRY TO EXAMINE CONSTRUCTION IN IRAKLI COASTAL REGION
- GOLF COURSE TEMPTS PROPERTY INVESTORS INTERESTED IN BULGARIA'S BANSKO
- NEW ROAD TO LEAD TO INTERNATIONAL AIRPORT IN BULGARIA'S CAPITAL
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offices, plots. - Morocco Property | Property in MoroccoMorocco property specialists, Insight Morocco, has access to a comprehensive portfolio of top quality property in Morocco. We offer first class Morocco property for sale in Saidia, Marrakech and Tangier, in addition to property in a variety of other Moroccan property hotspots.
ANOTHER LARGE-SCALE PROPERTY INVESTMENT IN BULGARIA'S KAVARNA
Bulgaria's Linexa Property plans a 20 million euro investment in a new residential complex to be constructed in Bulgaria's coastal town of Kavarna. On July 6 Kavarna mayor Tsonko Tsonev revealed the plans for the new complex to be constructed near a golf course, SeeNews reported. Construction work had already began and the 420-apartment complex would be completed within two years, Tsonev said. The complex is the latest in a series of large-scale UK, Spanish and French investment over the past years. Some of the projects include the construction of a golf course, hotels and holiday villages. The increased interest in Kavarna property resulted in a record income from land deal taxes. Kavarna expected over two million leva for 2006, SeeNews said. The total value of the investment deals reached 100 million leva for 2006. SeeNews said that the Bulgarian real estate market registered rapid growth over the past few years and was expected to grow even further after the country's EU entry in 2007.
YEAR-ROUND FOREIGN DEMAND FOR VILLAGE HOUSES IN BULGARIA
Latest property market tendencies revealed that the sales of village houses was no longer dependent on the season. Usually the demand for houses in villages was higher during the summer, 24 Chassa newspaper wrote. Over the past few years the real estate market registered a steady year-round supply and demand for such property. The majority of the investors iwere foreigners, mainly British and Irish. The number of houses on sale increases as owners of the houses hope for profitable deals with foreign buyers. Recently Bulgarian real estate owners explored ways to attract investors from other countries, including Scandinavian countries. According to imot.bg at present Bulgarian villages offered over 6 000 village houses for sale. The supply was highest in the coastal regions near Bourgas and Varna. The large supply in the Bourgas region led to a 16 per cent decrease in real estate prices since the beginning of 2006. Varna, which offers a smaller number of houses, registered a six per cent increase of property prices.
BULGARIA'S ENVIRONMENT MINISTRY PLANS BAN OVER COASTAL CONSTRUCTION IN IRAKLI
Environment and Water Affairs Minister Djevdet Chakurov was working on a temporary ban over construction in Irakli, Bulgaria's wild beach area.
Chakurov announced his plans to ban coastal construction during a meeting of the Councils of Ministers, Darik Radio reported.
Coastal construction expansion threatened the wild life in the only remaining wild beach area in Bulgaria. On July 6 Nessebar municipality refused to ban construction, allegedly influenced by investors, Darik said.
The ministry would investigate into claims that deputy Environment Minister Lyubka Kachakova had interests in continuing coastal construction. The claims were grounded on the fact that Kachakova owned construction plot near Irakli.
Chakurov said that he expected a report from Kachakova stating any possible conflict of interest in connection with the Irakli issue. Other institutions involved in the issue should also state their position, Chakurov said.
source: http://www.sofiaecho.com
Chakurov announced his plans to ban coastal construction during a meeting of the Councils of Ministers, Darik Radio reported.
Coastal construction expansion threatened the wild life in the only remaining wild beach area in Bulgaria. On July 6 Nessebar municipality refused to ban construction, allegedly influenced by investors, Darik said.
The ministry would investigate into claims that deputy Environment Minister Lyubka Kachakova had interests in continuing coastal construction. The claims were grounded on the fact that Kachakova owned construction plot near Irakli.
Chakurov said that he expected a report from Kachakova stating any possible conflict of interest in connection with the Irakli issue. Other institutions involved in the issue should also state their position, Chakurov said.
source: http://www.sofiaecho.com
BULGARIA'S ENVIRONMENT MINISTRY TO EXAMINE CONSTRUCTION IN IRAKLI COASTAL REGION
Environment Minister Djeved Chakurov would meet on Wednesday representatives of the environmental organisation opposing construction in Bulgaria’s wild beach coastal area Irakli.
Irakli is a region with some of the last remaining unmodified beaches on the Black Sea coast, mediapool.bg reported.
For several months environmentalists have been protesting and collecting signatures in favour of a construction ban.
The organisation proposed the signing of a memorandum protecting endangered coastal regions. Organisation representatives would ask Chakurov to sign the document during the meeting, mediapool.bg reported.
Mediapool.bg reported that such document cannot stop coastal construction. If construction companies received permits, they could continue creating buildings in the wild beach areas.
source: http://www.sofiaecho.com
Irakli is a region with some of the last remaining unmodified beaches on the Black Sea coast, mediapool.bg reported.
For several months environmentalists have been protesting and collecting signatures in favour of a construction ban.
The organisation proposed the signing of a memorandum protecting endangered coastal regions. Organisation representatives would ask Chakurov to sign the document during the meeting, mediapool.bg reported.
Mediapool.bg reported that such document cannot stop coastal construction. If construction companies received permits, they could continue creating buildings in the wild beach areas.
source: http://www.sofiaecho.com
GOLF COURSE TEMPTS PROPERTY INVESTORS INTERESTED IN BULGARIA'S BANSKO
The number of tourists winter resort Bansko would be able to accommodate during the next winter season would increase by 20 000, representatives of Address Bulgaria property agency said.
In three years Bansko would offer opportunities for calm rest, as most construction work in the areas near and within the resort would be completed by then, property agents said.
Construction in Bansko’s Gramadeto area, located right next to the ski lift, is expected to end in the beginning of 2007. Most new constructions there would start functioning the coming winter season, mediapool.bg reported.
To avoid over-construction municipal representatives decided to ban further construction in the resort.
Investors would be attracted through new opportunities the resort would offer in the future. Most investors have already turned their attention to the construction of the new golf course Pirin Golf Holidays Club, to be located between Bansko and Razlog.
In relation to the new project, most investors are expected to launch projects like Spa centres, five-star hotels and apartment complexes.
According to prognoses, property investors in Bansko would turn to the overall development of the region, including projects in nearby Razlog, Dobrinishte and Banya.
source: http://www.sofiaecho.com
In three years Bansko would offer opportunities for calm rest, as most construction work in the areas near and within the resort would be completed by then, property agents said.
Construction in Bansko’s Gramadeto area, located right next to the ski lift, is expected to end in the beginning of 2007. Most new constructions there would start functioning the coming winter season, mediapool.bg reported.
To avoid over-construction municipal representatives decided to ban further construction in the resort.
Investors would be attracted through new opportunities the resort would offer in the future. Most investors have already turned their attention to the construction of the new golf course Pirin Golf Holidays Club, to be located between Bansko and Razlog.
In relation to the new project, most investors are expected to launch projects like Spa centres, five-star hotels and apartment complexes.
According to prognoses, property investors in Bansko would turn to the overall development of the region, including projects in nearby Razlog, Dobrinishte and Banya.
source: http://www.sofiaecho.com
How to buy property in Bulgaria (by Kasteli Consult ltd.)
Pursuant to the Commercial Code of the Republic of Bulgaria, foreign citizens can buy real estate property in Bulgaria freely, except for land, which can be bought only through a company registered in the country’s territory. The registration of a company is also required when the real estate property includes land, which is most often the case.With a view of offering you a full range of services, our consultants are specialized in company and real estate law and will consult and assist you in the preparation of the documents and, if need be, in the registration and management of your company that will be the owner of the respective real estate in Bulgaria.When purchasing property in Bulgaria, you should bear in mind the following:1. Legal requirements regarding the acquisition of land by foreign citizens in Bulgaria:In order to acquire land in Bulgaria a foreign citizen should register a company in his/her name. Our company provides a full range of services and assistance regarding registration of companies. It should be noted that the share capital of such companies is of at least 2,500, which must be deposited in a bank account pending the company’s registration. Upon completion of the registration, such amount is released from the bank and can be used in the framework of the real estate purchase transaction. 2. Commissions:The costs of company registration amount to 500 euros.The agency charges a commission of 3% of the real estate purchase price from the purchaser. This commission does not include taxes and disbursements, which are charged separately. In addition, it should be noted that transfer or real estate in Bulgaria is accomplished through a notarized deed. On transfer of the real estate, the purchaser and the seller are obliged to pay notary taxes in an aggregate amount of 3% of the purchase price. Such taxes may be shared between the purchaser and the seller. They may also be paid exclusively by the purchaser or by the seller, if the parties agree to do so. The costs of translation and certification of all documents related to the transaction, including the preparation of a notarized deed of ownership in your name (but excluding the notary taxes as mentioned above), should not exceed 150 euros. Please, do not hesitate to contact us should you have any questions regarding the legal aspects of purchase of real estate in Bulgaria.
Bulgarian properties
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Bulgarian properties
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Properties by Kasteli Consult Ltd
A newly built family hotel on the Black Sea coastThis is one of the best solutions of you want to invest in property in Bulgaria.Price: 1,050,000.00 €
Three-stars hotel on the south black sea coast.Holiday village St. Vlas is placed between the laps of the Stara Planina mountain and the beach of the Black Sea.Price: 1,700,000.00 €
A lovely, newly built apartment on the Black Sea coastThis one-bedroom apartment is placed on the center of the Black Sea resort “Saint Vlas”.Price: 57,000.00 €
A newly built apartment on the Black Sea coastThis property is excellent for your summer vacation in Bulgaria and is located on the sea coast in the calm village Saint VlasPrice: 72,000.00 €
A newly built apartment on the Black Sea coastThis two-bedroom apartment is placed in a building situated on the center of the well developed Black Sea resort "Sveti Vlas"Price: 80,000.00 €
A cheap house near town of SlivenThe property is situated in hunting and fishing areaPrice: 26,000.00 €
An incredible newly built house 50 km away from Burgas.This beautiful house is located in a calm village near the beaches of Burgas.Price: 48,000.00 €
Very attractive newly built house 50 km away from BurgasThis newly built house is located in a calm village near the beaches of Burgas.Price: 51,000.00 €
An incredible newly built house 50 km away from Burgas.This beautiful house with massive secure wall is located in a calm village near the beaches of Burgas.Price: 57,000.00 €
A lovely house near the town of Lovetch.The village is placed on the main road of Sofia to Varna.Price: 57,000.00 €
Three-stars hotel on the south black sea coast.Holiday village St. Vlas is placed between the laps of the Stara Planina mountain and the beach of the Black Sea.Price: 1,700,000.00 €
A lovely, newly built apartment on the Black Sea coastThis one-bedroom apartment is placed on the center of the Black Sea resort “Saint Vlas”.Price: 57,000.00 €
A newly built apartment on the Black Sea coastThis property is excellent for your summer vacation in Bulgaria and is located on the sea coast in the calm village Saint VlasPrice: 72,000.00 €
A newly built apartment on the Black Sea coastThis two-bedroom apartment is placed in a building situated on the center of the well developed Black Sea resort "Sveti Vlas"Price: 80,000.00 €
A cheap house near town of SlivenThe property is situated in hunting and fishing areaPrice: 26,000.00 €
An incredible newly built house 50 km away from Burgas.This beautiful house is located in a calm village near the beaches of Burgas.Price: 48,000.00 €
Very attractive newly built house 50 km away from BurgasThis newly built house is located in a calm village near the beaches of Burgas.Price: 51,000.00 €
An incredible newly built house 50 km away from Burgas.This beautiful house with massive secure wall is located in a calm village near the beaches of Burgas.Price: 57,000.00 €
A lovely house near the town of Lovetch.The village is placed on the main road of Sofia to Varna.Price: 57,000.00 €
Brokers and agencies
Bulgarian Dreams
Bulgarian Dreams specialise in newly built properties, covering all the major areas of interest including mountain ski resorts, coastal properties and city apartments.
Bulgarian Properties Ltd
Bulgarian Properties Ltd. selling, building, refurbishing and managing properties in Bulgaria.
Biodar Real Estate
Biodar Real Estate is a licensed Bulgarian real estate agency, specialised in holiday and investment Bulgarian properties.
Bulgaria Properties Ltd
Choose a spacious apartment in a major resort area in the mountains and valleys. Fulfil your dream, whether for investment, retirement, holidays, golf or bowls.
ADIS
A.D.I.S. is an acronym in Bulgarian for 'Domestic Diplomatic Properties Agency'. ADIS is a limited state owned partnership. ADIS Ltd. has a long-standing experience in the field of property management, real estate consulting, brokerage and investment
ADDRESS Real Estate JSCo
ADDRESS Real Estate JSCo is a leading company in the area of real estates with 55 branch offices in the towns: Sofia, Varna, Burgas, Sliven, Jambol, Veliko Tarnovo, Sozopol, Zarevo, Primorsko
BG BALKAN ESTATE Ltd
BG BALKAN ESTATE Ltd. is a Bulgarian real estate agency, operating in the geographical centre of Bulgaria. It sells properties in ecologically clean areas, appropriate for rural tourism, hunting and fishing. It builds, refurbishes, furnishes and manages p
BulgariDOM
BulgariDOM.com specialises in selling properties in Bulgaria and in finding Bulgarian properties, on behalf of UK and Irish clients.
Bulgaria Revealed
UK based company - Bulgaria Revealed has selection of properties in Bulgaria direct from the developers perfect for holidays or investment, with discounts available
BulProperty Limited
BulProperty Limited is operated by professionally qualified personnel, offering clients a complete service including purchasing property in Bulgaria, selling property, property management, land selection and completion of various building projects
IMOTI BG Ltd
IMOTI BG Ltd is specialized in management and realization of foreign and Bulgarian investments. Its competence and reliability are based on analytical approach and study of any specific conditions on the market of real estates.
INS Properties - Bulgarian Properties For Sale
insproperties.com is a website developed to promote variety of properties in Bulgaria including farmhouses, country houses, villas, hotels, offices, town houses, apartments commercial and agricultural land.
PD Bulgaria
Properties for sale in Bulgaria : houses, apartments, land, villas, holiday homes and more.
Estate Bulgaria
Estate Bulgaria offer service and assistance of clients and investors for all kinds of properties in Bulgaria.
Buyinbulgaria
Buyinbulgaria.com offer clients a wide selection of property in Bulgaria : Beach Villas and apartments along the Black Sea in the top resorts of Sunny Beach, Sozopol, Ravda, Nessebar, Primorsko. City Apartments in Sofia - capital of Bulgaria and an area o
Avatar Bulgaria
The Avatar International property in Bulgaria service offers Bulgarian property and real estate investment properties in Bulgaria.
BG Home Services Ltd
BG Home Services Ltd. is specialized in serving foreign buyers purchasing property in Bulgaria. BG Home Services provide a full service and legal assistance in the process of buying property in Bulgaria.
Experience bg
Experiencebg is a UK registered company specialising in the identification and assessment of some of the finest investment opportunities on Bulgaria’s Black Sea Coast and Mountain Ski Regions.
PROPERTY.BG
PROPERTY.BG is a real estate company registered in the Sofia City. Property BG offers you the opportunity to purchase wide range of properties in Bulgaria.
Balkan Realty
Balkan Realty focus on providing you with a complete turnkey service for the purchase of property in Bulgaria. Balkan Realty help clients invest in private real estate, commercial property and land suitable for construction.
Bulgarian Real Estate Online
Bulgarian Real Estate Online offer a large range of properties including Villas, Houses, Apartments, Business Premises, Building Land and Agricultural Land. Most of the properties are located in Yambol and Sliven Regions in South East Bulgaria and are wit
BG Home Services Ltd.
With agents in Bulgaria and the United Kingdom we are one of the few estate agents that are approachable wherever you are. We employ the services of many experts specialising in different fields so that we can provide a complete, accurate and professional
Bulgarian Property
We offer budget houses, villas, appartments and land plots in the most beautyful places in Bulgaria.
Agency Balkan Ski Chalets
Agency Balkan Ski Chalets specialise in the sale of apartments in new developments to investors. The Agency sell ski apartments in Bansko and seaside apartments in Sunny Beach, Golden Sands and Sozopol.
LS Invest
LS Invest offer holiday apartments and homes around the Bulgarian Black sea coast, from over 2000 apartments at most desirable locations, strategic destinations and upcoming tourist hot spots
Coral Estates Bulgaria
Coral Estates Bulgaria is a real estate company that is here to help you to find the best overseas property available in Bulgaria.
Premier Apartments
Bulgaria property investments, apartments, land and holiday homes are growing with excellent capital and rental returns. The team at Premier Apartments is leading the way with well-structured investments and provides a first class introduction to simple i
Foros - national real estate company
Bulgaria based company with more then 12 years on the Bulgarian property market providing Bansko properties, Sunny beach properties, properties in Sofia, Plovdiv, Varna, Burgas, Dobrich, Veliko Tarnovo, Rousse, Balchik, Nessebar, Pamporovo and more.
Bulgarian Property Investments
Bulgarian Property Investments offer residential and commercial property and land for sale, Advice and consultancy on the property market (residential and commercial), Advice and consultancy on planning and development
Your Bulgarian Home
Find properties that meet your requirements. Help to book Flights/Holidays. Airport/Hotel pick up with own transport or to help you to rent a car Arrange visits to properties you are interested in. Provide qualified translator Assist buyer
Rila Properties
Rila Properties specialise in Bulgarian properties both along the Black Sea coast and in the mountains.
Foros
Foros specializes in fullscale real estate services ranging from residential sales and rentals to industrial and commercial properties, this including top sea and mountain resort properties, apartments, houses, villas, land and rural properties
Benco Business Associates
Benco Business Associates Exclusive offers at the Black Sea and in the mountains. Rural properties and investment opportunities.
MARELI Properties
The main activity of MARELI Properties Bulgaria Ltd. is assisting foreign citizens in the purchasing of property in Bulgaria
Bates Imoti Bulgaria
Bates Imoti Bulgaria is a joint venture of Bates Bulgaria, the Bulgarian office of the international project and construction management company, and one of the biggest Bulgarian real estate companies - Imoti Bulgaria.
Homes 4u Bulgaria
Real Estate british owned agency - Homes 4u Bulgaria is a property and land agency with offices in Sunny Beach, Bulgaria and Sth Manchester England
SP Properties
BestBulgaria Ltd. is a British owned company that has many years experience in the overseas property market. Our UK based Bulgarian Specialist has been involved in Bulgaria since 1982.
Bulgarian Dream Homes
Real Estate company based in Spain, Bay and sell apartments in bulgaria near the black see, House and Vilas
ATrend
Real Estate agency ATrend promote and assist potential foreign investors in their endeavors: - to come into possession of real estate property in Bulgaria: a smart and easy way, doubtless transparency. - to maximize the profit and pleasure from the inve
Bulgaria Property Sale
Bulgaria Property Sale offers New development off plan property including the Golden Sands and Sunny Beach resorts
Bulgarian Real Estates
Provide information, legal advice and consulting services, connected with the purchase, sale and hire of real estates in Bulgaria
Bulgarien Bo
Ejendomsm?gler i det smukke Bulgarien. Nogleordene i vores dagligdag er: tryg og sikker kob af fast ejendom, trov?rdighed, gennemsigitghed, gensidighed og handlekraft. Vi har lave handels- og serviceomkostninger og radgiver dig pa dit eget sprog - dansk,
Interservice Real Estate
Interservice Real Estate offer cheap and easy way to buy property in Bulgaria. Houses, plots, villas and luxury apartments
Bulgaria Property Search
English consultants based in Bulgaria will help arranging travel; booking hotels; finding you relevant and appropriate properties and arranging viewings; arranging all legal work (registering company, checking property deeds, mortgages etc); and even prop
Bulgarian Dreams specialise in newly built properties, covering all the major areas of interest including mountain ski resorts, coastal properties and city apartments.
Bulgarian Properties Ltd
Bulgarian Properties Ltd. selling, building, refurbishing and managing properties in Bulgaria.
Biodar Real Estate
Biodar Real Estate is a licensed Bulgarian real estate agency, specialised in holiday and investment Bulgarian properties.
Bulgaria Properties Ltd
Choose a spacious apartment in a major resort area in the mountains and valleys. Fulfil your dream, whether for investment, retirement, holidays, golf or bowls.
ADIS
A.D.I.S. is an acronym in Bulgarian for 'Domestic Diplomatic Properties Agency'. ADIS is a limited state owned partnership. ADIS Ltd. has a long-standing experience in the field of property management, real estate consulting, brokerage and investment
ADDRESS Real Estate JSCo
ADDRESS Real Estate JSCo is a leading company in the area of real estates with 55 branch offices in the towns: Sofia, Varna, Burgas, Sliven, Jambol, Veliko Tarnovo, Sozopol, Zarevo, Primorsko
BG BALKAN ESTATE Ltd
BG BALKAN ESTATE Ltd. is a Bulgarian real estate agency, operating in the geographical centre of Bulgaria. It sells properties in ecologically clean areas, appropriate for rural tourism, hunting and fishing. It builds, refurbishes, furnishes and manages p
BulgariDOM
BulgariDOM.com specialises in selling properties in Bulgaria and in finding Bulgarian properties, on behalf of UK and Irish clients.
Bulgaria Revealed
UK based company - Bulgaria Revealed has selection of properties in Bulgaria direct from the developers perfect for holidays or investment, with discounts available
BulProperty Limited
BulProperty Limited is operated by professionally qualified personnel, offering clients a complete service including purchasing property in Bulgaria, selling property, property management, land selection and completion of various building projects
IMOTI BG Ltd
IMOTI BG Ltd is specialized in management and realization of foreign and Bulgarian investments. Its competence and reliability are based on analytical approach and study of any specific conditions on the market of real estates.
INS Properties - Bulgarian Properties For Sale
insproperties.com is a website developed to promote variety of properties in Bulgaria including farmhouses, country houses, villas, hotels, offices, town houses, apartments commercial and agricultural land.
PD Bulgaria
Properties for sale in Bulgaria : houses, apartments, land, villas, holiday homes and more.
Estate Bulgaria
Estate Bulgaria offer service and assistance of clients and investors for all kinds of properties in Bulgaria.
Buyinbulgaria
Buyinbulgaria.com offer clients a wide selection of property in Bulgaria : Beach Villas and apartments along the Black Sea in the top resorts of Sunny Beach, Sozopol, Ravda, Nessebar, Primorsko. City Apartments in Sofia - capital of Bulgaria and an area o
Avatar Bulgaria
The Avatar International property in Bulgaria service offers Bulgarian property and real estate investment properties in Bulgaria.
BG Home Services Ltd
BG Home Services Ltd. is specialized in serving foreign buyers purchasing property in Bulgaria. BG Home Services provide a full service and legal assistance in the process of buying property in Bulgaria.
Experience bg
Experiencebg is a UK registered company specialising in the identification and assessment of some of the finest investment opportunities on Bulgaria’s Black Sea Coast and Mountain Ski Regions.
PROPERTY.BG
PROPERTY.BG is a real estate company registered in the Sofia City. Property BG offers you the opportunity to purchase wide range of properties in Bulgaria.
Balkan Realty
Balkan Realty focus on providing you with a complete turnkey service for the purchase of property in Bulgaria. Balkan Realty help clients invest in private real estate, commercial property and land suitable for construction.
Bulgarian Real Estate Online
Bulgarian Real Estate Online offer a large range of properties including Villas, Houses, Apartments, Business Premises, Building Land and Agricultural Land. Most of the properties are located in Yambol and Sliven Regions in South East Bulgaria and are wit
BG Home Services Ltd.
With agents in Bulgaria and the United Kingdom we are one of the few estate agents that are approachable wherever you are. We employ the services of many experts specialising in different fields so that we can provide a complete, accurate and professional
Bulgarian Property
We offer budget houses, villas, appartments and land plots in the most beautyful places in Bulgaria.
Agency Balkan Ski Chalets
Agency Balkan Ski Chalets specialise in the sale of apartments in new developments to investors. The Agency sell ski apartments in Bansko and seaside apartments in Sunny Beach, Golden Sands and Sozopol.
LS Invest
LS Invest offer holiday apartments and homes around the Bulgarian Black sea coast, from over 2000 apartments at most desirable locations, strategic destinations and upcoming tourist hot spots
Coral Estates Bulgaria
Coral Estates Bulgaria is a real estate company that is here to help you to find the best overseas property available in Bulgaria.
Premier Apartments
Bulgaria property investments, apartments, land and holiday homes are growing with excellent capital and rental returns. The team at Premier Apartments is leading the way with well-structured investments and provides a first class introduction to simple i
Foros - national real estate company
Bulgaria based company with more then 12 years on the Bulgarian property market providing Bansko properties, Sunny beach properties, properties in Sofia, Plovdiv, Varna, Burgas, Dobrich, Veliko Tarnovo, Rousse, Balchik, Nessebar, Pamporovo and more.
Bulgarian Property Investments
Bulgarian Property Investments offer residential and commercial property and land for sale, Advice and consultancy on the property market (residential and commercial), Advice and consultancy on planning and development
Your Bulgarian Home
Find properties that meet your requirements. Help to book Flights/Holidays. Airport/Hotel pick up with own transport or to help you to rent a car Arrange visits to properties you are interested in. Provide qualified translator Assist buyer
Rila Properties
Rila Properties specialise in Bulgarian properties both along the Black Sea coast and in the mountains.
Foros
Foros specializes in fullscale real estate services ranging from residential sales and rentals to industrial and commercial properties, this including top sea and mountain resort properties, apartments, houses, villas, land and rural properties
Benco Business Associates
Benco Business Associates Exclusive offers at the Black Sea and in the mountains. Rural properties and investment opportunities.
MARELI Properties
The main activity of MARELI Properties Bulgaria Ltd. is assisting foreign citizens in the purchasing of property in Bulgaria
Bates Imoti Bulgaria
Bates Imoti Bulgaria is a joint venture of Bates Bulgaria, the Bulgarian office of the international project and construction management company, and one of the biggest Bulgarian real estate companies - Imoti Bulgaria.
Homes 4u Bulgaria
Real Estate british owned agency - Homes 4u Bulgaria is a property and land agency with offices in Sunny Beach, Bulgaria and Sth Manchester England
SP Properties
BestBulgaria Ltd. is a British owned company that has many years experience in the overseas property market. Our UK based Bulgarian Specialist has been involved in Bulgaria since 1982.
Bulgarian Dream Homes
Real Estate company based in Spain, Bay and sell apartments in bulgaria near the black see, House and Vilas
ATrend
Real Estate agency ATrend promote and assist potential foreign investors in their endeavors: - to come into possession of real estate property in Bulgaria: a smart and easy way, doubtless transparency. - to maximize the profit and pleasure from the inve
Bulgaria Property Sale
Bulgaria Property Sale offers New development off plan property including the Golden Sands and Sunny Beach resorts
Bulgarian Real Estates
Provide information, legal advice and consulting services, connected with the purchase, sale and hire of real estates in Bulgaria
Bulgarien Bo
Ejendomsm?gler i det smukke Bulgarien. Nogleordene i vores dagligdag er: tryg og sikker kob af fast ejendom, trov?rdighed, gennemsigitghed, gensidighed og handlekraft. Vi har lave handels- og serviceomkostninger og radgiver dig pa dit eget sprog - dansk,
Interservice Real Estate
Interservice Real Estate offer cheap and easy way to buy property in Bulgaria. Houses, plots, villas and luxury apartments
Bulgaria Property Search
English consultants based in Bulgaria will help arranging travel; booking hotels; finding you relevant and appropriate properties and arranging viewings; arranging all legal work (registering company, checking property deeds, mortgages etc); and even prop
Black Sea resorts - Nessebar
Location: The town of Nessebar has about 10,000 inhabitants and extends over a small peninsula. It lies 37km northeast of Bourgas. Its beach is considered to be one of the finest along the Black Sea coast due to a large sandy strip of land between the town and the village of Ravda, covered with clean golden sand. History: The present-day town is the successor of a Thracian fishermen's settlement named Menabryia (meaning literally 'the town of Mena'), the foundation of which dates back to the 2nd century BC. Later it remained the only Doric colony along the Black Sea coast, as the rest were typical Ionic settlements. The Greeks named it Messembria (which was later transformed into Nessabar by the Slavs), and it grew into a big and well-fortified town-state. The town benefited from natural protection from both the land and the sea. Remains suggest the existence of aqueducts, a sewerage system, fortified wails, an amphitheatre and numerous cult edifices (including an impressive temple of Apollo) at that time. The town became a popular commercial centre as a variety of goods from the Aegean and the Mediterranean regions were traded there and it also minted its own coins in the 5th century BC. Two centuries later, it founded its own colony called Navlohos near Obzor. The whole land between Nessebar and Obzor used to be a granary that supplied the two colonies with food as well as goods of exchange. In the 1st century BC the town surrendered to Marcus Lukulus' legions and was subjected top Roman domination, during which the construction of a second colony of Messembria began and was finished. The second colony, built to the south of Nessebar, was named Anhialo (present-day Pomorie). In the early Middle Ages the town rebuilt its fortress walls and stayed part of the Byzantine Empire until 812 when the protobulgarian Khan Kroum conquered it, including it in the territory of Bulgaria. During the reign of Ivan Alexander the town went thorough a cultural and economic boom, and occupied substantial territories beyond the stretch of the peninsula. It was around that period when most of the churches of Nessebar, remains of which are to be found in the present-day town, were built. In 1366 the knights of Amadeus of Savoy conquered the town, and then sold it to Byzantium for 15,000 golden ducats. In 1453, shortly after Constantinople fell under Turkish domination the town was conquered by the Ottoman Empire and went through a period of decay. The Liberation found Nessabar as a small fishermen's settlement, with well-developed viticulture on the hills above the town. Places of Interest: Nowadays, Nessebar is one of the most popular resorts among foreign tourists for its ancient spirit and well-preserved remains. According to legends, the churches of Nessebar were no less than 41, which, when compared to the small population of the town, make the latter one of the world's settlements with the highest number of churches per capita. One of the oldest sanctuaries is the Basilica built on the coast most probably around the beginning of 5th century. The Old Bishop's Residence located in the centre of the town is probably the most impressive church in Nessebar. It is more than 25m long and 22m wide while its three naves were decorated with a colonnade and arches. St. Ivan the Baptist Church was built much later, in the 11th century, and is a typical cross-domed church with three naves, and four columns supporting the dome. One can see there fragments of frescoes dating back to the 13th century. The St. Stefan Church or the so-called New Bishop's Residence, situated in the vicinity of the harbour, was built in the 10th century. Its decoration is so picturesque that it marked the beginning of a typical local style, seen in the construction of churches of later times. The facade of the church is ornamented with built-in glazed ceramic figures of different colours and tiles. The same style was followed in the construction of St. Todor Church, though only two original facades have been preserved until present days. The St. John Aliturgetos Church perching high above the harbour is considered to be the most beautiful one. It has three naves and the decoration of the facades is of unique beauty. Besides well-preserved churches, one can see the remains of fortress walls (best preserved at the old town's gate and the port), authentic medieval, Roman and Greek street pavements, fortifications of different epochs, administrative and other buildings. Some of the typical houses of Nessebar built in a unique style of the 16th-19th century are real architectural monuments (e.g. the houses of Diamanti, that of Panayot Mouskoyani, which hosts an ethnographic exhibition, the one of Captain Pavel). The old quarters of Nessebar show remarkable taste and mastership in the construction of houses, stone walls, and streets. The Turkish bath and the windmill at the beginning of the causeway are of particular interest. Outside the town, one can visit the village of Aheloy, in the vicinity of which the Bulgarian Tsar Simeon I destroyed the armies of the Byzantine emperor Lion Foka. Aheloy is situated on the motorway to Bourgas near the mouth of the Aheloy River. The field of the landmark battle, which made the Bulgarian state the uncontestable dominion of the Balkan peninsula, is called nowadays Kokalos (having its root in the Bulgarian word for 'Bones') after the scattered corpses of killed soldiers. Accommodation: The most famous hotels in the town are Messembria Hotel, Globus Hotel and Bourgas Hotel. There are also a lot of small hotels and private lodgings without prior booking (including in the old town. Traditionally, tourists arriving to the town are met by a bunch of local people offering accommodation at private houses and small hotels. Catering: The town is rich in restaurants, old-style mehanas and pubs ranging from the highest to the lower average class. Prices are somewhat above the average level of other old towns along the coast, though these are quite reasonable if compared to the nearby high-class resorts of Golden Sands, Albena or Sunny Beach. Transport: There is a regular transport connecting Bourgas, Pomorie, Nessebar and Sunny Beach. Similarly to other seaside resorts during the peak season, there are a lot of private taxis and minibuses at competitive prices as well. Besides regular water transport to Bourgas, one can often hire local boatsmen to visit nearby places in the bay.source: Bulgarian Sea Resorts
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Black Sea resorts - Kiten
Location: The town of Kiten is smaller than the nearby Primorsko with its population less than 1,000 people according to latest data. The town is situated on a small peninsula at the south end of the Primorsko Bay, 56km south of Bourgas. History: The present-day village lies over the ruins of the Urdoviza Fortress situated on the cape itself. The Romans called the settlement 'Oroudiza'. The settlement was abandoned at the time of Bulgaria's fall under Turkish domination and was re-inhabited only after the Liberation. The village was founded in 1931 by fugitives from Greece but it has developed into a tourist destination only after 1970. Places of Interest: A legend tells that the beautiful lace Stana of Urdoviza agreed to marry the Sultan only in exchange for exempting the land, which she managed to ride through from sunrise to sunset, from taxes. The Sultan kept his word and exempted the area around the village, which is still called Hasekiya (meaning 'tax exempted land'). The name of the nearby bay of Atliman (meaning 'the horse's bay') also comes from this legend, as the horse, which Stana rode, was exhausted to death when they arrived to this bay at sunset. Besides the steep end of the rocky cape, one can feast his/her eyes on the river of Karaagach, which flows into the sea at the southern part of the Urdoviza Bay. The marsh mouth of the river is full of fish. One can also take a few hours' walk by the river up to its spring in the almost virgin nature of the Strandzha mountain. Accommodation: Kiten offers plenty of private lodgings and small hotels, which have grown substantially in the past few years with the expansion of the tourism industry. Alternatively, one can choose among the camping sites in or close to the village: Atliman, Les, Koral, Koop and Yug. Local people are helpful and friendly, while rents are comparatively low (i.e. generally lower than in the nearby town of Primorsko). Catering: There are a lot of small restaurants and snack bars. Besides, for those who prefer to cook for themselves, local people offer just-caught fish, fresh vegetables and fruit. Transport: Regular bus lines connect Kiten to Bourgas; one can also take a taxi or (if not in a hurry) the small open-air road 'train' from Primorsko, which is just 5km away.source: Bulgarian Sea Resorts
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Black Sea resorts - Golden Sands
Location: The resort of Zlatni Pyasatsi (Golden Sands) is the largest one on the northern Black Sea coast as it is built on more than 1,800 hectares of land. It is situated 18km north of Varna and is bordered on the north by Kranevo and on the south by the St. St. Konstantin and Elena Resort. The beach of the resort stretches over some 4km with width of up to 100 metres. Almost the entire coast along the resort falls within the boundaries of the Zlatni Pyasatsi natural park, which stretches over 1,320 ha. The Frengenskoto Plato (Frengen Plateau) of limestone structure, liable to landslide and erosion, is perking just above the resort. The area is famous for the purest sand on the Black Sea coast and also abounds of trees and bushes. Mineral water springs, as well as the marvelous wood bordering the Frangen Plateau turn Golden Sands into one of the pearls of the Bulgarian coast. A constant temperature of about 27°C throughout the summer season makes it a wonderful place for a summer holiday. History: In Turkish times the area was called Quzounkoum, meaning literally "long sands". It was not inhabited up to the 50ies of last century. The resort's construction started in 1957 and in about two decades, the area was transformed into a modern holiday complex with more than 100 hotels, numerous restaurants, bungalows, camping sites, etc. Places of Interest: The impressive Aladzha rock monastery is one of the best preserved rock monasteries, scattered all over the Dobrudzha region. It is situated only a few kilometers above the resort and is also a part of the Zlatni Pyasatsi natural park. Relatively close to Golden Sands (about 30 km.) is also the town of Balchik with its beautiful palace and botanic garden. Infrastructure: The resort has a casino, a number of bars, a mini-golf playground, horse-carriages and attractive carts, water slides, good conditions and equipment for all kinds of water sports, under the supervision and with the help of licensed instructors. During the peak season, one can attend or participate in the Strongest Man Competition, the Miss and Mister "Zlatni Pyasatsi" Competition, competitions for all breeds of dogs, the Satellite Tennis Tournament, the Old-fashioned Auto Rally, an international dance festival, etc. Accommodation: The Golden Sands Resort offers about 100 hotels and 10 luxury villas. The 4-star hotel category includes Yavor Hotel, Morsko Oko Hotel and Zlatna Kotva Hotel. The Mars Hotel, Zora Hotel, Riviera Complex, and Ambassador Hotel are of premium quality. Some of the hotels have swimming pools and fitness halls, most of them have exchange bureaus and stalls with updated tourist information. Check our catalog: Catering: Besides the fact that each hotel has a snackbar or a restaurant, there is a number of restaurants offering various kinds of specialties and entertainment in different styles with the country's top artists with guest performances in Golden Sands. Vodenitsata, Tsiganski Tabor, Kosharite, Zlatna Ribka, Kriva Lipa and Dionisius are of particular appeal for their design, cuisine and entertainment programmes. There are also a lot of snackbars, fast food, grill- and toast-bars. Transport: Transport between Golden Sands and Varna is remarkably well organised. Apart from regular bus lines connecting the resort to the city and also to its airport, there are a lot of minibuses, private route taxis and ordinary taxis. Because of intense competition, fares are moderate.source: Bulgarian Sea Resorts
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Black Sea resorts - Duni
Location: The Duni Resort is situated some 12 km north of Primorsko, and 6km south of Sozopol in a cozy, shallow-water bay. The high-class resort is particularly targeted to foreign tourists. History: The construction of the holiday city was completed in 1987 as a Bulgarian-Austrian project. Places of Interest: The Alepou Beach and Arkoutino Beach just next to the resort in southern direction are wild and beautiful places where the sea is traditionally rough. Inland from the Alepou Beach is the Alepou Marsh (literally meaning the Fox's Marsh), which is separated from the sea by a 320-meter wide sand stripe. The marsh used to a lagoon lake once and is declared a natural reserve. Further down the seaside road to the south of Duni one can see the St-Thomas Island (also known as the Snake Island for the plenty of snakes one can come across there), which is situated just about 300m away from the coast. The islet is uninhabited in present days, but used to shelter a Hellenic sanctuary in ancient times. The islet is popular for its cactus plantation, planted back in 1932. Cape Maslen is situated just after the mouth of the Roporamo River. Its rocky profile and steep slope down to the sea offer a great view to tourists who have climbed on top of it. Beneath the cape, one can see small and quiet coves among the fiords, covered with pebbles and seashells. Further southward is the Perla Campsite located in one of the most beautiful bays along the Black Sea coast. Here the beach gradually turns into a green grove. Nearby is the marsh of Stomoplo. Two natural reserves cover this area - Vodna Lilia (water lily) and Velyov Vir. Via Pontica - the way of migrating birds flying to the south also passes through here. Every year at the end of the summer thousands of storks, pelicans, and about 30 species of birds of prey gather in the area before they head southwards to spend the winter. Accommodation: The resort offers suites (with some 2,000 beds in total) in snow-white villas of beautiful architectural design. These are divided in three zones - Zelenika, Marina and Pelikan, and are surrounded by plenty of cultivated green areas. The holiday city features developed infrastructure, with various sports facilities (including such for water sports), bars, discos, restaurants, etc. Prior booking is highly recommended. Transport: As the holiday city of Duni lies on the seaside road connecting the city of Bourgas to the country's southern seaside resorts, it is easily accessible. Route taxis from Bourgas, regular municipal transport and private minibuses all travel to here.
source: Bulgarian Sea Resorts
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Black Sea resorts - Burgas
Location: The city of Burgas has a population of almost 200,000 people according to recent data, and is the second largest city at the Bulgarian Black Sea coast. It is also the fourth largest city in the country, following Sofia, Plovdiv and connecting Varna. It is situated in the farthest western part of the Burgas Bay and 390km east of Sofia. Due to the low level of the coast in the area, three lagoon-lakes (the Atanassovo, Burgas, and Mandren lakes) lie in the area surrounding the city. History: Burgas is a successor of the small Roman town of Deultum (later named Develt), founded by Emperor Vespasian as a military colony for veterans. Besides Deultum, the present-day city expands over the area of three other ancient settlements, i.e. Kastiacion, Skafida and Rossokastron. In the Middle Ages a small fortress called Pirgos was erected in the place and was most probably used as a watchtower. It was only in 17tn century that a town named Ahelo-Burgas grew in the present-day area of the city. This, renamed into Burgas, had only about 3,000 inhabitants at the time of the Liberation. Soon it became the centre of the Southern Black Sea coast, and a city of well developed industry and trade. A number of oil and chemical works producing more than 30 products were gradually built. Salt and iron are also mined here and traded far beyond the borders of the country. In 1903 the railway station in Burgas started functioning as well, giving an additional boost to the city's expansion. Places of Interest: In the city: The District Museum of History, founded in 1925, is one of the most impressive tourist sights in the city. Today it houses an archaeological hall with a rich collection of items dating back to the old colonies along the Black Sea coast. The Ethnographic Museum is also of particular appeal to foreigners for its exhibitions of masks of koukeri, traditional costumes, ritual accessories, fabrics and embroidery. The museum is hosted in a house built in 1873 and later declared a cultural monument. The Museum of Nature and Science is another place of interest to visitors of the city. It contains more than 1,200 exhibits of insects and reptiles and more than 140 species of fish, plants growing in the district of Strandzha, protected and endemic species. Another such place is the Art Gallery, established in 1945 with halls exhibiting foreign and of Bulgarian artists' works, and icons painted by renowned Renaissance artists. Among the church buildings, one may wish to visit the St. St. Cyril and Methodius Cathedral, which raises near the marketplace. The cathedral is interesting for its marvelous frescos and wooden altar. Another impressive sight of Burgas is the Armenian Church located close to Bulgaria Hotel. It was built in 1855 by the local Armenian minority supported by Bulgarians. Finally, a philharmonic hall, an opera house, a drama theatre and a puppet theater are hosted in beautiful buildings and function during the entire season. Away from the busy centre of the city, the shady Sea Garden is a lovely place to stroll in hot summer days. The park is situated on a hill next to the coast, and is rich in flowers, trees and sculptures. Within the park there is a casino, a small zoo and an open-air theatre, which houses the annual International Folklore Festival, and where participants in the Golden Orpheus Pop-Festival perform. A beautiful forked staircase in verdure leads from the park down to the central beach of the city. The sand is a mixture of various alloys of magnetite, which is the reason for its dark colour. The city also has a northern beach, located close to the Izgrev Quarter, and adjacent to the city's salt-mines. Outside the city: The lake of Pomorie is located 20 km north of Burgas. The lake is surrounded by salt-mines and balneo-resorts. The Atanassovo Lake is to the north, too, between the airport and the city. It is 10 km long and once was a nestling site of many marsh and sea birds migrating from Gibraltar and the Bosphorus. Part of the lake is a natural reserve. There are sites for fishing, swimming and having a rest. The Burgas Lake is a nestling site of pelicans, ibis, and herons. It offers many opportunities for having a rest as well. The Mandren Lake is 10 km south of the city and is also an important ornithological reserve with a large bird population in the summer. It is also appropriate for rowing tours and recreation. The St. Anastassia Island is 3 nautical miles east of the city. The island has a well-preserved old church and was used for the exile of left-wing revolutionaries in 1923-1925, and anti-Fascists in 1943-1944. That is why the island was named Bolshevik for some years during communist times. The salt-mines of Burgas may be also a sight of interest. They border the Burgas Lake, and some of them even stretch to the Atanassovo Lake. Mineral water baths can be found 13km north-west of the city on the way to Aitos. The baths are built over the remains of an old Roman town called Aetos. The present-day baths were built in the 16th century during Ottoman rule and are still functioning. There is curing mud, a balneo-spa, a polyclinic, and a holiday house. The village of Kraimorie (once named Kafka) is to the south of Burgas on the way to the old fortress of Pirgos. There is a nice beach near the village, as well as rest homes and private lodgings for holiday-makers. The Otmanli Park is 15 km away from Burgas near the Choukalya caape. It comprises over 6,000 decares of thick forest and holds in a hunting area and bungalows for recreation. Two famous Bulgarian resorts rich in history and architectural monuments are located close to Burgas - Nessebar to the north and Sozopol to the south. Accommodation: The city has many hotels of different categories, private lodgings, and also two big camping sites in its vicinity. The most famous hotels are Park Hotel, situated on the banks of the Atanassovo lake, Primorets Hotel, Bulgaria Hotel and Cosmos Hotel. While all these offer top-quality service at high prices, cheaper accommodation can be found in small private hotels in the suburbs. One can also use the services of real estate agencies and rent a flat or room in the city at moderate prices. Catering: The city is full of restaurants, pubs, beer-houses, taverns, and refreshment stalls and groceries. The most famous restaurants are National, Staryat Pristan, Starata Gemiya, Burgaska Sreshta, as well as hotels' restaurants. Most of the high-class restaurants have live music, while some offer show programmes, too. Food in the city is generally cheap, especially if one goes shopping in the suburbs or at marketplaces. Transport: The Burgas Airport operates regular flights to Sofia every day. During the summer season, there are up to 7 flights daily in both directions. Flying time to the capital city is about 40min. The airport is an international one and sees increased traffic, including charter flights, during the summer. The railway station of Burgas has connections to all parts of the country. The express train to Sofia travels less than 6.30 hours. The city's central bus station is located next to the railway station. Buses to the country's largest cities, including Sofia start from there. There are also a lot of private carriers that offer transport to towns and resorts to the north and south of Burgas along the coast. There is regular city transport - buses, trolley-buses and route taxis.
source: Bulgarian Sea Resorts
Black Sea resorts - Balchik
Location: Similarly to Kavarna, the town of Balchik is also a relatively large settlement along the Northern seaside with its population numbering 13,766 people and a harbour used for medium-sized passanger and commercial vessels. It is situated 31km north of Varna in a beatiful inlet. History: The place was first inhabited by lonians in the 5th century BC. At that time, the settlement was called Kmuni or Krounoi after the Greek word for springs, due to the abundance of karst springs in the area. Later on it was renamed Dionisopolis after the name of Dionisius, the Greek god of wine and feasts. According to one of the most popular explnations, the town received this name after a statute of Dionisius was dragged there by the sea. The god’s image appeared also on the the coins minted there. Noteworthy, the town was a rather important centre on the northern Black Sea coast till the beginning of the new era and it was second in significance only to Varna (named Odessos at that time). Later on the town was included in the territory of Bulgaria. Around the 13th - 14th century AC it was moved to a natural fortification, called Dzhina Bair. Following tis rule by the Boyar Balik, it received its present-day name of Balchik. The town flourished and grew into a big corn-trading centre after the Crimean War (1853-1856). Yet after the Balkan War which ended 1913, it was annexed to the territory of Romania. Struck by the natural beauty of the place, The Romanian Queen Maria built a summer palace and a botanical garden there. The royal complex also included a chapel and a villa for Romanian aristocrats. The town turned into a luxurious resort at the time. After 1940 Balchik was again included in Bulgarian territory. Places of Interest: Apart from the palace complex and the botanical garden, which is the biggest and most diverse on the Balkans, the town also appeals to tourists with its ancient spirit, reflected into steep pebbled streets and houses made of stone and adobe. The palace complex consists of a central palace with a high tower, numerous buildings, a terraced park, summer houses made of stone and propped up on marvellous columns facing the sea, a throne under an old tree where Queen Maria loved to watch the sunset, and a small chapel where her heart is preserved. There are more than 3,000 rare and exotic species of plants in the botanic garden, which has made it a part of the teaching facilities of Sofia University. The whole complex was called Tenha Yuva (Quiet Nest). Besides the palace and the botanic garden, the Art Gallery of the town, which houses also the town’s museum, is also an interesting place to visit. There is also a small ethnographic museum and a beautiful old church called St. Nikola Church. A Renessaince complex with the old school, which is quite well preserved, can be other possible destinations of a walk. The coastal alley, which is about 4km long, is also a nice place to stroll, the same way as the harbour and the small streets of thwe town are. Outside the city, the area of Touzlata is located 4 km east of the town. It is well known for its curative mud, which was the main reason to build a balneological centre there beside two lakes, formed by old landslides. A large recreational complex, a lot of villas, bungalows and a camping site are can be also found there. There is a mineral spring with water temperature of above 30 C degrees. Two big camping sites - Sandrino Camping and Beliyat Bryag Camping are also located near Balchik. They offer various opportunities for rest and water sports, clubs, bars, numerous bungalows for tourists having no camping equipment, small restaurants and snackbars for seafood and continental food. Fifteen kilometres away from rhe town in south-west direction is the village of Obrochishte with a well-preserved fortress dating back to the early Ottoman rule, which travellers of that time used to compare it with the beauty of Baghdad. Accommodation: The most popular hotels in the town are Dionlsopolis Hotel, Balchik Hotel and Elite Hotel. One can reserve rooms at the palace as well. There are bungalows near the shore in the Tihiya Kut Resort (The Quiet Corner) and many private lodgings offered in the town with their prices depending on the comfort and the distance to the beach or the centre. Not far from the town is the Bisser Camping offering bungalows and space for caravans to park and tents to put up. Catering: Apart from several big restaurants in the palace, in the hotels and downtown, there are a number of small private restaurants and coastal stalls offering seafood, pizzas, spaghetti and other kinds of European cuisine. Groceries can be also an alternative for tourists who prefer to cook for themselves. Transport: There is regular bus transport to the nearby town of Dobrich, Varna and the Albena resort. Apart from buses, there are numerous route taxis and private minibuses, taxis and water transport to Varna and Albena.source: Bulgarian Sea Resorts
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Black Sea resorts : Albena
Location: The resort of Albena is situated 32 km north of Varna and just 12km south-west of Balchik on a long sand stretch in the open northern part of Varna Bay. The resort's errection was started in 1968, which makes it one of the most modern holiday cities along the Bulgarian coast. The complex lies beneath a relatively high hill and is given particular charm by the near-by forest of Baltata, a part of which is declared a protected area. The latter is also called Batova Gora (Batova Forecast) after the Batova river, in the valley of which it grows. The resort's architecture resembles one of Walter Gropius' urban models as most of the hotels have a terraced structure aimed at providing as much sun as possible in summer days. To the north the coast is steep, featuring yellow sandstone and limestone typical of the area. It is in fact this stone slope that was the main source of construction material for the resort. History: According to some legends, Ovidius came here on his way to the country of his exile - Tomi (present Kyustendzha in Romania). The resort was given its present-day name by Albena, a female protagonist of the great Bulgarian writer Yordan Yovkov, gifted with extraordinary beauty. Places of Interest: Besides the nearby village of Obrochishte with its well-preserved fortress dating back to Ottoman times, the village of Kranevo with remains of the ancient fortress used in Roman times and the Middle Ages is also located close to the Albena resort. Beside the fortress, Kranevo is also attractive for its mineral springs. The coast between Albena and Kranevo is high and extremely picturesque with steep rocky formations. Kranevo can be a good accomodation alternative to Albena with its prices being far lower and its great capacity of private lodgings. At the same time, its proximity to Albena makes it easy for holidaymakers to bask in the sun at Albena's beautiful white-sand beaches during the day. Besides Kranevo, there are also three big camping sites located on the way between Kranevo and Albena and offering accommodation to tourists in bungalows and tents. Infrastructure: The resort has modern sport facilities that apart from summer holidaymakers, are used by local and foreign sportsmen around the year. The complex is rich in tennis courts, swimming pools, children playgrounds, golf courses, etc. Places where tourists can rent bikes, cars, cutters, sail-boats, yachts, waterwheels an jets, or take a horse ride also abound.The resort boasts with its well-organised spa and medical centres, staffed with highly qualified personnel. The mineral water springs in the resorts are hypothermic with temperature of around 300 C and low level of mineralisation (calcium, magnesium and sulfur compounds being its main elements). Accommodation: At present the resort has about 40 hotels open for tourists, with ccategories ranging from 1 to 4 stars. Albena is one of the most expensive places in terms of accomodation along the Black Sea coast, alongside with Duni and Roussalka. On eof the most popular hotels there is the Dobroudzha Hotel, built in Swiss style. The newly erected Maastricht Hotel, built with joint Bulgarian and Dutch financing, is also notable. Other famous hotels are Dobrotitsa, Drouzhba and Zdravets. There is an accommodation bureau and small private reservation agencies. The holiday city has a number of tennis courts, bars, casino, restaurants with night shows, children playgrounds, swimming pools, and a golf playground. One can hire a bike, cars, cutters, sailboats, yachts, waterwheels and jets or give it a try with horse riding. The whole range of water sport facilities is on offer with instructors available for those in in need of them. There is an annual auto-rally called Albena and held at the beginning of May, a folk festival for singers and dancers from the Dobroudzha region, the Zlatnata Antena (Gold Antennae) Festival for TV programs, a bridge competition (in June), beach volleyball competition (in June or July), Vladimir Grashnov's Annual Football Tournament, etc. Catering: Apart from the numerous restaurants at the hotels, there are many restaurants and bistros offering various dishes - from continental European and traditionally Bulgarian to Indian and Chinese cuisine. The most popular and visited places offering entertainment and excellent food: Picnic Orehite, Slavyanski Kut, Starobulgarski Stan, Flambe Restaurant, Stariyat Dub, Ribarska Hizha and especially the Arabella ship-restaurant, which serves delicious seafood. Transport: There is regular bus transport from Balchik, Varna, the Golden Sands resort and Dobrich to Albena, comlpemented by private minibuses, route and ordinary taxis, and even sea transport from and to the small port in the resort.source: Bulgarian Sea Resorts
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