Sofia
The city centre has seen strong asset price growth in the last 3 years with land prices rising by up to 300%.
Black sea
The Black Sea coast is over 378 km long, with vast beaches covered with fine golden sand.
Bansko
Situated at the foot of the majestic Pirin Mountains and sits at an altitude of 950 meters.
International Company for Development of Real Estate and Tourism is established on the 1st of September 2005 after a Conference held in Sofia. Present at the Conference were all the Members of the Board of Directors- Mr. Said Arrata ( Chairman of the Board ), Mr. Hany Elsharkawi ( Member of the Board ), Mr. Jordan Nachev ( Member of the Board ) and Mr. Anastas Terzobaliev (Member of the Board and Manager of the present Company).
Politically, Bulgaria is one of the most stable countries in the Balkan region. The most recent Bulgarian elections were on June 25, 2005 but a mix of personal and political spats kept the various parties from joining together until Aug. 15. For the first time in a long while, Europen commentators are finding themselves marvelling at Balkan stability.
Although one of the poorest of the new EU entrants, Bulgaria remains one of the most economically disciplined. GDP growth of 6.3%, which is forecast to continue for the next two years. Bulgaria has maintained a currency board since 1997 which has pegged the local currency (Lev) to the Euro since 1997 (it is expected to formally adopt theEuro in 2009).
The country is increasingly on tour operator's radar screens, with tourism numbers forecast to increase 15-20% in 2006. Coastal and mountain regions have already experienced 100% hotel / apartment utilizaition over the busy periods, thus it would appear that demand is outstripping supply in these areas.