Bulgaria's Tourism Shifts Toward Experience-Focused Stays as Demand Grows
Tourism in Bulgaria is increasingly shifting from traditional hotel stays to more experience-focused offerings
Russia has issued a stern warning in response to Bulgaria's recent legislative efforts aimed at seizing Russian real estate. Deputy Secretary of the Russian Security Council, Nail Mukhitov, declared in an interview with TASS that Russia will not tolerate such actions and vows to respond.
Mukhitov criticized certain Bulgarian politicians for what he perceives as aligning themselves with Washington and London, accusing them of attempting to erase historical ties between the two nations. He pointed to recent controversies, such as calls to remove the monument to the Soviet soldier 'Alyosha' in Plovdiv and efforts to expunge references to Russian help from history textbooks.
The latest development involves a bill proposed by MPs from the party "Democratic Bulgaria," Ivaylo Mirchev and Nadezhda Yordanova. The bill aims to facilitate the return of the "Kamchia" sanatorium and rehabilitation complex and freeze Russian properties owned by individuals sanctioned by the EU.
Mirchev explained the rationale behind the legislative initiative, emphasizing the need for Bulgaria to align with international sanctions against Russia, particularly in light of the ongoing conflict in Ukraine. He highlighted that such measures have been in place since 2014, with additional sanctions introduced in response to Russia's continued aggression.
The proposed bill also includes provisions for maintaining a public list of sanctioned individuals on the Ministry of Foreign Affairs' website to safeguard the rights of third parties.
the last quarter of 2024, the proportion of properties purchased with mortgage loans in Bulgaria grew to 27%, or roughly every third property
The real estate market in Bulgaria experienced notable changes in 2024, with significant price increases and a rise in transaction volumes
Financial expert Kamen Kolchev has advised against investing in real estate, warning that property prices in Bulgaria could drop by up to 20% upon the country’s entry into the eurozone
Foreigners who invested in property in Bulgaria are now facing legal battles after discovering that their homes were sold without their knowledge
In recent months, sales of residential properties in Bulgaria’s major cities have risen sharply
Despite the measures imposed by the Bulgarian National Bank (BNB), housing lending in Bulgaria continues to rise rapidly
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