Posts Tagged 'buy property in bansko'

BBC News – Close Up coverage on Bulgarian music

In an ongoing series, BBC News focuses on aspects of life in countries and cities around the world. What may seem ordinary and familiar to the people who live there, can be surprising to those who do not.

Chalga, or pop folk, is a phenomenon in Bulgaria – combining traditional folk music with Eastern European and Asian influences and driving beats.

But it is a style which is both loved – particularly by wealthy young urbanites – and loathed by traditionalists, who consider it tawdry.

Janet Barrie visited a chalga dance club in Sofia to find out more.

Click here to watch BBC Close Up

Oman, UK firm to build $1.1 bln Bulgarian resort

MUSCAT, Feb 7 (Reuters) – Oman’s government investment arm and a unit of Britain’s Equest Investment Balkans Plc (EIB.L: Quote, Profile, Research) are building an 800 million euro ($1.1 billion) ski resort in Bulgaria, an Omani government official said on Sunday.
“State General Reserve Fund (SGRF) owns 40 percent of the project and the other major investor is Equest,” the government official close to the project, who declined to be identified, told Reuters.

“The resort, just one hour from Sofia airport, is expected to be completed in 2012,” he added.

Equest Investment invests in property in the Balkan region.

SGRF, the Omani government investment arm run by the ministry of finance, bought a controlling stake in Equest in early 2009. (Reporting by Saleh al-Shaibany; Editing by David Holmes) ($1=.7292 euro)

Click here to read article on

New sense of confidence fuels overseas property searches

Interest in international property has soared, according to Primelocation International.

The website has reported a 134% increase in searches in January (compared to a year earlier), December having already shown a 25% rise.

The firm suggests the UK’s cold weather is behind much of the enthusiasm for traditional winter sun destinations such as France and Spain.

However, January also saw a spike in searches for properties in Australia, although Cyprus, Turkey and Bulgaria actually registered the highest monthly increase.

The strong performance by the last three suggests that a broader spectrum of buyers are considering foreign home ownership, often for lifestyle reasons, rather than a select few seeking returns on an investment.

The firm’s international development manager, Ann Wright, comments: “January has seen two related but distinct trends … a renewed sense of confidence is now beginning to filter through and the market is less dependent on top-end buyers.

“Secondly, as a blanket of snow covered Britain, potential buyers focused their attention on warmer destinations as an antidote to the midwinter blues.”

Bulgaria Bansko Winter Resort Boasts High Credit Rating

Bulgaria’s municipality of Bansko, best known for its winter resort with the same name, has received an A-1 rating by the Bulgarian Credit Rating Agency.

The rating means the municipality is managed well and can cover its own expenses. Bansko has received similar ratings for several years now. The Bulgarian Credit Agency further notes that the municipality’s credit worthiness is good in short-term and long-term perspective and it enjoys high level of trust from creditors.

The Bulgarian Credit Agency is the only one in the country whose assessments are internationally recognized along with those of agencies such as Moody’s and Fitch

The assessment is made based on all economic and demographic indicators, capital expenses, investment, money for education, and public works.

Pirinea sales office now open on Pirin Street Bansko

We are pleased to annouce Pirinea’s sales office is now open for business on Pirin Street in Bansko.

Staffed by English, Russian, Greek and Bulgarian speaking representatives we strongly encorage you to drop in or alternatively arrange a site visit.

For further details please click contact us

Welcome to RilaDev’s Blog!

In 2006, RilaDev a English Bulgarian homebuilder embarked on one of the most ambitious hotel and residential project in Bansko, Bulgaria, Pirinea Hotel Spa and Residence.

This blog offers current news and information on the Bulgarian real estate market and economy, local and touristic events and tracks the exciting progress of this emerging market.

This blog will also offer subscribers periodical updates on the Pirinea project, its construction progress and other related information.

For further information please contact

Russell Collins

+44 207 313 8073

Author: Russell Collins - RilaDev

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