Press Release

19 June, 2006

Buyers flock to Bulgaria’s Black Sea
coast following EU endorsement

Buyers are looking at the Bulgarian property market with renewed interest following confirmation that the country will become a member state of the EU -  possibly as early as January next year.

The European Parliament last week endorsed the plan for Bulgaria to join the EU next year as long as some final conditions are met. Potential dates for joining at the moment are January 1st or May 1st 2007 and EU leaders are expected to confirm the exact date in October.

Stephen Dainty, managing director of HHB Holiday Homes which builds and sells apartments in the prestigious Golden Sands resort on the Black Sea coast, says the news has led to a renewed surge of interest in the country.

He says: “We’ve had a lot of calls since the recent EU announcements which confirm that Bulgaria is still on track to join next year.

“People are looking to buy into a rising property market and see Bulgaria as a perfect opportunity. Prices are rising and joining the EU will give them another boost. This is what has happened in other countries as EU membership attracts investment to a country which fuels capital growth.

“HHB Holiday Homes is one of the largest developers in the Golden Sands resort, which itself is seen as the most sophisticated on the Black Sea coast.

“The international airport at Varna has direct flights from London and several regional airports across the UK and I expect even more flights to come with EU membership.”

HHB Holiday Homes has a number of prestigious developments in Golden Sands, including:

Palma Court - A selection of apartments just a few minutes from the beaches, bars and restaurants of Golden Sands.

The complex is due to be finished in January 2007 and will include a sauna
and fitness room, landscaped gardens and a swimming bath plus sun-bathing
terrace. Prices start at £49,995 for a two-bedroom apartment.

Spring Court is also close to the beach and is a small development of 14
apartments and three penthouses which be open for occupation this summer, so buyers can enjoy a summer holiday or start to earn rental income.

Again, there is a sauna, fitness room and swimming pool on site. Prices start at £42,000 for a first floor two-bedroom apartment with a sea view.

Seaview Court offers 18 stylish apartments in two buildings, just a few
minutes from the amenities of Golden Sands. Prices start at £48,000.

Reader enquiries: HHB Holiday Homes (Manchester)
Tel: 08452 60 90 60
Email: info@hhbholidayhomes.com
Website:  www.hhbholidayhomes.com

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Media enquiries: For more information and photographs contact Helen Riley, Headline Media, on 0208 348 3103 or 07931 300 425 or email helenriley@headlinemedia.co.uk