Interesting News!

Hi there!

There are a few new news clippings posted on http://Good2004.biz. One is quite interesting for us real estate types... It talks about the number of people in a country (like Bulgaria) who own real property. The surprising thing, at least for me, is the fact that over 90% of the Bulgarian people own one or more pieces of real property! The factor is the highest in Europe and one of the highest in the world. The lowest in Europe is Switzerland.

Trying to analyse the information myself, I suspect that the reason goes back to the typical Bulgarian practice of all the children of the parents inheriting equal shares of the family property. This is also what makes the purchase of family property such a nightmare - there can be 30 people or more who own a share of the property some members of the family are trying to sell. This is also what makes a good real estate agent or lawyer worth their fee or commission!

Again, take a look at http://Good2004.biz/news_clippings.htm to read the article.

Ciao for now...

Craig

More to the posting just below...

Hi there!

The focus of the customers for real estate in Bulgaria is changing. There are a flurry of new shopping malls, compound-style luxury residential projects, and still alot of farm land business projects going on. The clippings at Good2004.biz/news_clippings.htm show the general idea. Another thing that is happening is that the real estate business is being pushed by number of real estate investment trusts - REIT's. This is usually good for the individual investor, provided he knows what he wants!

Ciao for now...

Craig

New News

Hi there!

We've been "off the air" for a while. The reason is that we have just published a new version of our Italian B&B's website, with on-line, real-time reservations. It was complicated, and took a while to get everything functioning. Take a look at http://Tenuta.info.

In the mean time, there have been a flurry of news releases that I have put up and will continue to put up on the Good 2004 website at http://good2004.biz/news_clippings.htm. The news is mixed and interesting. The biggest revelation is that the interest for the Black Sea coast properties seems to be switching from western Europeans to the ex-Warsaw Pact areas (Russia, the Ukraine, Romania). Prices continue to rise at around 15-20% per year for newly finished apartments, and the supply/demand relationship doesn't seem to be disturbing the price rise.

Interesting! Read it for yourself...

Ciao for now...

Craig