Hello again!

There is a new article on the Good 2004 website (www.Good2004.biz/news.htm) that reports the results of a seminar called by the Balkan Real Estate Conference, Bulgaria, Romania, Serbia (Balrec) in Sofia in mid-May. The information does not seem to have many surprises, but for someone just starting to get their feet wet in Balkan real estate, it's a good synopsis. Unfortunately, it only covers the three member countries, but this is still interesting.

There are mini-analyses of the real estate markets in the three countries that show, not surprisingly, that the capitals are also the major markets ein each of the countries. They are also the largest cities in their respective countries, which makes the information a non-surprise.

With reference to an earlier posting about not owning the land that your house is built on, please note that in Serbia, this practice is supported by the state. In fact, the Serbian state and the Belgrade municipality are the lessors of 99-year leases for properties with building potential, depending on size (they do not compete with each other).

Ciao for now...

Craig