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The holiday home for the typical brit has lost 15% in just the last 3 months.reply to MOS

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mikey Author: posts : 13   (Beginner)Date : 10-09-07 02:58

The holiday home for the typical brit has lost 15% in just the last 3 months.reply to MOS

News just in from BG papers but from GB papers
The holiday developments are fading for the investors writes daily Telegraph.Drastic fall of the prices of these holiday appartments is seen in the whole of Europe.
In Bulgaria there is a stand still situation after last year increases lists the investigation.according the experts the worst affected will be the people who bought within the last year most hurt will be the ones which are buying off plan and new developments and looking for ...
News just in from BG papers but from GB papers
The holiday developments are fading for the investors writes daily Telegraph.Drastic fall of the prices of these holiday appartments is seen in the whole of Europe.
In Bulgaria there is a stand still situation after last year increases lists the investigation.according the experts the worst affected will be the people who bought within the last year most hurt will be the ones which are buying off plan and new developments and looking for resale.
The second home-holiday home for the typical brit has lost 15% value in just the last 3 months.

For Investment-GB
For gamble-elsewhere

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Nicky Author: posts : 13   (Beginner)Date : 10-09-07 12:46

re: The holiday home for the typical brit has lost 15% in just the last 3 months.reply to MOS

Some people just want to try and rub it in!
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Crags Author: posts : 13   (Beginner)Date : 10-09-07 13:31

re: The holiday home for the typical brit has lost 15% in just the last 3 months.reply to MOS

Couldn't care less - bought mine to retire to!
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Pamporovo Pete Author: posts : 13   (Beginner)Date : 10-09-07 13:36

re: The holiday home for the typical brit has lost 15% in just the last 3 months.reply to MOS

Consider this - mass construction underway in all resorts to improve quality of skiing facitities. Mass construction underway to ensure the road infrastructure is brought bang up to date. Tourisum growing in Bulraria year in - year out.

Any blip in the market at present is (in my opinion) nothing more than just that.

PP
Cool
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mat Author:Mat posts : 1182   (Master)Date : 10-09-07 13:40

re: The holiday home for the typical brit has lost 15% in just the last 3 months.reply to MOS

I'd like to see a bit more investment on the skiing facilities side - there has been almost no new investment in Bansko in 3 years since Ulen put in the new lifts and a capacity upgrade is important.
As an investment, I don't think ski apartments make much money anywhere do they? Renting just offsets the cost of owning a bit. I don't see any companies buying and renting out apartments.
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Dave Canski Author:Dave Canski posts : 1107   (Master)Date : 10-09-07 14:24

re: The holiday home for the typical brit has lost 15% in just the last 3 months.reply to MOS

I agree with you Mat. more runs and some way of relieving the gondola bottleneck in the mornings.But if the costs are met in the winter the summer would beso much more fun.
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alli Author: posts : 13   (Beginner)Date : 10-09-07 14:57

re: The holiday home for the typical brit has lost 15% in just the last 3 months.reply to MOS

if you check back at mikeys messages, all he seems to go on about is property prices in bulgaria and how anyone who has bought there will regret it.
I ask you mikey... what is your story? Why do you keep mentioning this. We all agree that the market has been saturated but give it time, property will be increasing again. I mean 10 years not just six months. Yes investors looking for a quick turn around have missed the boat as they have levelled off now and resale is a no no. Anyone in ...
if you check back at mikeys messages, all he seems to go on about is property prices in bulgaria and how anyone who has bought there will regret it.
I ask you mikey... what is your story? Why do you keep mentioning this. We all agree that the market has been saturated but give it time, property will be increasing again. I mean 10 years not just six months. Yes investors looking for a quick turn around have missed the boat as they have levelled off now and resale is a no no. Anyone in this for the long term will be fine. Anyone how doesnt owe huge amounts will be fine. I suggest Mikey that you chill with this subject as it is becoming boring. I feel that you are just trying to scare people. Why would you do this???????

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Nicky Author: posts : 13   (Beginner)Date : 10-09-07 15:09

re: The holiday home for the typical brit has lost 15% in just the last 3 months.reply to MOS

The way Arron and myself look at it is, at worst we could make our money back when we sell, and in the meantime we have had some fab holidays in our apartment.

At best we could make a few quid and we've still had some fab holidays.
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mat Author:Mat posts : 1182   (Master)Date : 10-09-07 16:30

re: The holiday home for the typical brit has lost 15% in just the last 3 months.reply to MOS

well, I think you're underestimating the downside risk in such a poor resale market, especially if you have to sell in a hurry. But fundamentally that's the right way to look at these places.
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alli Author: posts : 13   (Beginner)Date : 10-09-07 17:26

re: The holiday home for the typical brit has lost 15% in just the last 3 months.reply to MOS

exactly, resale now will be virtually impossible.. as is spain etc. when there are that many to choose from it is hard. In a few years when the building work has slowed down, especially near the gond people will be able to sell. as long as they sort the pistes out etc i think they will have to if they want their economy to rise. i think people that keep there investments for at least 15 years will be fine. And like you say you have a great place to stay in the meantime.
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