We had the above article in this thread
It still makes sobering reading the second time round though.
November 4, 2007, 2:05pm
Must remind viewers (again) of Auto320 who had the
following to say on the subject.
Ah well, too late if it was Bulgaria.
I just noticed that the 2014 Winter Olympics have been awarded to Russia (decision was made in July). I know someone who bought in Bulgaria on the basis that they were going to be held there in 2014. As far as I can see they weren’t even one of the candidates. Oh lordy.
November 4, 2007, 8:59pm
Bulgaria was a candidate for the winter olympics in 2014 but they were eliminated in June 2006 when they came second last in the first selection round. See here
Raiffeisenbank (Bulgaria) has launched a special residential loan programme for citizens of the United Kingdom and Ireland, a Raiffeisenbank press statement announced on October 19 2007.
The programme gives foreign nationals the opportunity to buy holiday property, houses, apartments, which are either existing or at least 70 per cent complete.
Loans are denominated both in euro and Bulgarian leva, while the maximum term is 25 years. The grace period, of up to 12 months, obliges the loan beneficiary to pay the interest alone.
The value of the loan can cover up to 80 per cent of the property’s market value. The threshold of the loan is 5 000 euros or the equivalent in leva. There is no maximum amount.
This is Raiffeisenbank’s second new offer for foreign nationals in a month. In September 2007, it began leasing real estate to foreign nationals irrespective of their country of origin or affiliation.
The maximum term of the lease is 15 years and would cover a up to 60 per cent of the sum of the real estate.
RAIFFEISENBANK BULGARIA LAUNCHES RESIDENTIAL LOAN PROGRAMME FOR UK, IRISH NATIONALS
sofiaecho.com/article/raiffe … 2/catid_66