UK millionaire bought an entire coastal resort in Bulgaria and give it his name

The 31-year-old UK millionaire Scott Alexander has bought a sea town in Bulgaria for £3m and he considers that its 1,000 residents are quite excited, reports The Independent on June 6, 2006.
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EU will decide in fall the date for Bulgarian acceptance

The executive commission delayed a final recommendation on Bulgaria's entry date. This was announced on the EU parliament session on 16 May. The planned date for Bulgaria and Romania to join the EU in January 2007 may be maintained, but the two countries have to show their progress in fighting crime and improving state administration until October.
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Caution: The part of the shared building space is not a part of the apartments area

The area shown in the apartments’ advertisements must be the same as in the Notary act. But the inventive Bulgarians have found many ways to increase the area when selling the property. And it is not only a common practice of the property owners, but also of the real estate brokers and developer companies.
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Sunny Beach – the way that many Brits discover Bulgaria

Most popular properties for foreigners in Bulgaria are the apartments in Sunny Beach. They are intended for buyers with relatively low budget. Their prices depend on the relative location of the building to the beach, the development quality and the conveniences offered. Sunny Beach has always been a popular sea resort for the Bulgarians and the tourist from neighbouring countries.
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Is the Bulgarian property boom like the one in Spain

More than 800 000 building permits are issued this year in Spain – the number greater than for the UK, Germany and France together. This is record breaking statistic, even for Spain with the years of rapid overbuilding, which worries the experts. The economists warn that the building rate is too high, even risky for investment.
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