Month: August 2007

Bulgaria’s capital is most expensive property in country

Residential property prices in Sofia saw the highest increase in the surrounding boroughs for the first six months of 2007. Prices in certain residential complex went up by 29 per cent in the first six months of 2007; the increase on an annual base was 51 per cent. The average residential purchase price in residences… Read more »

Turkish regulations similar to the UK

According to property experts, purchasing a retirement property in Turkey is similar to the process employed in the UK. Comparisons have been draw with the planning permission regulations in both countries. There are building regulations such as height and distance between each development and type of developments. Owners hire an architect; submit the plans and… Read more »

Turkey signs $210m import agreement with China

A Chinese commercial delegation signed import agreements worth US$210 million with Turkish businessmen in Istanbul on Tuesday. Turkish Deputy Secretary of Foreign Trade Ulker Guzel expressed hope that Chinese and Turkish companies could expand cooperation in sectors such as contracting services and tourism. Chinese vice Minister of Commerce, head of the delegation, said China's imports… Read more »

Ferrari relives magic moment in Istanbul

Ferrari's Felipe Massa returned to the scene of his first grand prix victory in Turkey on Sunday and, one year on, repeated the feat. The Brazilian champion, whose parents were present at the Istanbul Park circuit, said "It's amazing, I love the track, I love the place and here is where my career made a… Read more »

Feuding Alonso and Hamilton talk Turkey

The clear blue water dividing Fernando Alonso from his embittered team-mate Lewis Hamilton dominated conversation in a city where only the narrow Bosphorus strait separates Europe from Asia. The big question was whether the the McLaren drivers could strike a truce at yesterday's crisis talks in Turkey or let their internal conflict erupt into all-out… Read more »

‘BARBies’ on the increase as overseas property beats UK market

A study suggests Britons aged 18 to 25 are increasingly looking to overseas property as a way of funding their homeownership dreams, frustrated with the state of the property market in the UK. Research has found that 84% of the age group believe buying abroad is easier than buying in Britain, though this does not… Read more »

Britsh weather effects property market

The no. of Brits keen to buy property overseas has doubled over the last year, as the country continues to suffer one of the wettest, dullest summers ever. Whilst many spectators blame rising UK property prices, high crime-rates and a skewed work/life balance as reasons for increasing numbers relocating or purchasing property abroad; new figures… Read more »

Bulgaria’s EU membership boosts tourist figures 30%

It's only been six months since Bulgaria's EU accession and the local tourism industry is booming. Reports state that the number of European tourists who visited the country in the first half of 2007 is up 30%, compared to the same period in 2006. The growing number of tourists has lead to an increased demand… Read more »