This adjustment will be particularly damaging to the Spanish economy caused by the construction sector in 2005 accounted for 14% of overall employment Spain, and it creates new jobs 44% of the total new jobs.

In recent years, the market of Spanish real estate (spanish property) is one of the markets that are the most popular in the Europe. Now, the upsurge of Spanish real estate begins to decline slowly. The increasing breadth of the house price in the past year is the lowest than the one since from 2000. According to the announce of house department, “in 2006, the total index of house price is increased by 9.1%, which is the lowest increasing breadth since from 2000.” Fernandez is number two person in the government, and he says that this number is lower than the increasing breadth one or two years ago. The house price is declining slowly, and this is a good news. The increasing breadth of the house price in 2005 is up to 12.6%. For ten years, Spain has been experienced the true upsurge of real estate. The lower interest loan, vital economy increasing and a large number of emigration make real estate industry be hotter and hotter. Since from 1997, the total number of increasing breadth for Spanish house price has been more than 150%. For several months, all indexes shown that the upsurge of real estate is beginning to decline. The vice director of Consumer Association Calais explains that the cooling that people are on the tiptoe of expectation is coming for several years. This promotion agency and expert estimate that the increasing breadth of house price is about 7% in 2007. The professor of commercial college Soares alleges that the first reason why the house price declines is that people can not bear it. He also says that there are some years, the increasing breadth of house price is up to 17%, which is higher the one of family economy ability more over. The other reason why the upsurge of real estate declines is that the family debt is more and more, and this is a foundation stone. In accordance with the latest data that is publicized by the Spain central bank, the total number of Spanish family debt is 765940000000 euros in November of last year, and it is increased by 19.5% than the one of the last year of before. In this data, the proportion that is used for paying off loans is increased fast, and it is 20.2%, and the total number is 560130000000 euros.

How are many monarchs or nobles and fashionable person and stars’ names linked with many islands of the Mediterranean Sea together? There is island Costa del sol (Costa del sol property) for Spanish abundant island resources, and there are more than thousands of European visitors to visit. Meanwhile, the luxurious houses are in the ascendant, and the government also is dedicated in developing “Monte Carlo” of the Mediterranean Sea: the city layout of five million square meters, including perfect roads, lighting, energy sources, telephone system, drinking water system and other town planning service, and forest, golf course and villas and high level construction and construction configuration. The introducing of heat funds makes Spanish real estate (buying property in spain) run up 17%.

The floating free air and heaven atmosphere pillage Valentino and Swarovski and the famous heritor Fiona and Elizabeth Taylor……they forget all flesh and blood with sailor’s striped shirt, luxuriantly green and cultivated grapevine. Fiona will spend many times in private villa in Italian island every year. People often see this designer who walks at the tip of swim to wander between the alleys at will wearing shirt and trousers. He basks in the sunshine in order to get a suntan; designer Valentino says: “it is simply a crazy time.” he bought a villa on the Capri island in 1960s, and it was one of the oldest villas on the island. It is until today that he is living in there. He is used to wear a tint shirt, and the golden skin peers from behind the sunlight. He leans on the brushwood lackadaisically as well as a good dog, and talks about fashion with people enjoyably. The streets are out of the way and quiet, and there are only migratory small dogs and blatant insects. Those who love island life left the most candied times in their lives on the island, and there were no people to leave.

Mallorca (mallorca property), is a habitat of luxurious houses that are in the ascendant

“Mallorca is one of the most beautiful and the most unbeknown places in the world.” George Sang thinks. Although there are more than thousands of European visitors to visit the largest island of the Balearic Islands in Spain, there are 170 beaches that they are too many beautiful things and many valleys and mountains in natural protection area. The pattern of typical sunlight and beach make Mallorca become the most famous tourism resort in the world. However, it is only frequenters know that it is a habitat of several magnates.

Through beach and tourism and hotel district, you can see a piece of centralized and covert luxurious house district. It is hard to fine without acquaintances. My good friend Jacopo Peri was responsible for guide in my first seeing house travel. “The Tramuntana Mountains at the northwestern point of Mallorca cross the most gallant mountains district and peaceful villa district and busy beach as well as a mainstay, and Sv. Vita is located at one of the villa district of the bottom of mountains.” Peri is local celebrity, and he deals out the time of all his life to Milan, New York, Paris and Mallorca. Mallorca is center of gravity of his life. If he is not in passenger ships, then he is in his curio shop. He knows the each kind of construction configuration of Sv. Vita. Of course, because he is infatuated with beach, what he enjoys is to see villa of seascape. These villas are built depending on the mountains. The house broker what the landlord consigns garrisons the house that is intended to sale. There is a sale brand hanging on the doorway, “OPENHOUSE” means that this house will be sold. There is house broker’s photo and telephone number on the brand. At beside of brand, there is a small box being hung, and there is some introduction information about the house in it. The seascape villas that the price is the highest, some are that can see sea, and some are with swimming pool or big garden.

To show up luxurious house of more than thousand square meters

What the most impressive is the villa that can see golf course, and it is older than others. Peri says that it is built in 1930s. It covers with an area 3500 square meters, and the living area is 1100 square meters. Among of the first floor part is master room, including huge bedroom, special bathroom, cloakroom, children room and living room. The second floor is independent guest room, including sitting room, bathroom, bedroom and bathhouse and so on. The garden is filled with grape trees and ivies, and they close over others sight. Through schoolroom from cartilage, it is independent sporting space that is designed for masters and friends. It is worthy mentioning that health and sauna area about 162 square meters satisfies with the demands of modern holiday life. Another is normal European style two-floor construction. The pure white doorpost and statuary foil comfort of spending holidays. The villa is located at the extrusive cliffs, and it is not only the platform faces the sea, but also those can enjoy seascape out of the window for all rooms. The open air balcony is on the top and the office, kitchen, bodega and cloakroom are at the underground. There is a big yard at the behind of the house, including surf swimming pool about 18 meters, waterfall and garden. The torrid zone plant encloses a small style tropic rain forest, which makes the best remark for the character of the villa.

The hear funds towards to “Monte Carlo” of the Mediterranean Sea

The real estate of Mallorca is so prosperous in past ten years. Peri tells us that Spanish government is dedicated in developing Mallorca into the “Monte Carlo” of the Mediterranean Sea. It belongs to the private property of the Spanish royalty, and it is not only the first choice place that many celebrities get together, but also is Holy Land that the royal spends holidays and holds meeting and international business activities. There is monopolization shop in Mallorca, such as Cartier, Escada and Chanel; in addition, there are various art exhibition and famous pearl. It provides a high level shopping environment for upper class people. In addition, the government also develops the city planning of five million square meters, including perfect roads, lighting, energy sources, telephone system, drinking water system and other town planning service, and forest, golf course and villas and high level construction and construction configuration.

The development speed of European construction market has reached the highest level in the history from 2000, but the gross domestic product only rose by 2.6% in 2006, it is not satisfying absolutely for this. In despite of this, some European country markets and special fields are still filled with opportunity. Chris Sleight reported.

The forecast for construction industry indicated that the European construction market would reach the peak of development cycle in 2006. However, Europe is a slow development market. Compared with previous years, although European construction market is in the peak of development, the increase rate may be only 2.6% in 2006 (even if is the most optimistic forecast).

Although the increase rate of European construction market is not high, generally speaking, the Europe Union Free Trade Zone which covers 25 countries is the biggest construction market in the world. It is estimated that the total output of the European construction industry ranged between 1.42 trillion dollar and 1.61 trillion dollar, is higher 25%～40% than the United States. According to the General Contractor Association statistics, the total output value of construction industry of the United States is 1.14 trillion dollar.

However, one of the main features of the European construction market is that it is a divided market. Construction markets in different countries have different features and the market impetus.

Seeing from market scale, France, German, Italy, Spain and British still take up the main position. The total output value of construction market of above countries account for 75% of the one of the European construction industry. According to the European Construction Industry Federation in Brussels, Belgium statistics, German is still the biggest construction project market, the total output value of construction in German reached 253 billion dollar.

For German, there are many troubles with the European construction market in the past ten years. East and West Germany consolidated in 1990, the construction market of German experienced flourish period about 5 years. The construction market of German reached peak in 1995, the total output value of German construction accounts for 30% of the one of the Europe. After experiencing unprecedented prosperity, following is the inevitable depression. From then on, the Germany construction market had been falling into the more or less long-enduring decline. Since the Germany construction market descended continuously, the other European countries, especially Spain, cut a figure in the construction market. The Germany share which occupies the total output value in the European construction industry reduced to 18%. At present, the difference of public opinion is that if the Germany construction market can increase. One side, the European Construction Industry Federation predicted that the total output value of the Germany construction would be reduced by 1%. The European Construction Group which is composed by many institutes specializing in economy forecast predicated that the total output value of the Germany construction industry would increase 1.2%.

We have to wait for a few months if we want to know the development direction of the Germany construction market. Even if the Germany construction market turned out well, but if it can last is another pair of shoes. The total output value of the Germany construction industry slightly rounded in 1999. However, from then on, the trend of construction market had fallen down.
The chairman of the Alliance Party Anger Merkel was elected as German premiers in November 2005. Anger Merkel promised that she would carry out reform on German labor law and social welfare system in order to improve the German economy competition power. In fact, after she won the election, people expressed the phenomenon that consumer confidence index greatly increase in “Merkel phenomenon”. But Ms. Merkel needed to prove that she could lead demos waltz through the test of reform, since the reform is a painful and unpopular in short time. And the German economy and construction market needed to carry out increase continuously.

As the same as Germany construction market, the prospects of Italian construction market is not optimistic. At present, there are some large-scale constructing projects in Italy, including some high speed railway projects of the north and middle areas. Also including hanging bridge project which across Messina channel, links southern mainland and Sicily Island. The whole bridge costs 7.68 billion dollar and is 3.3 km long.

However, besides these conspicuous projects, the Italian economy development is too slow, there are many problems as same as German, such as the employment system is not agile and high revenue and so on. Stagnant economy has bad impact on the development of the Italian construction industry.

Bright point, it is not certain that 5 construction markets have bad future. The Spain construction market is a star in Europe without fail. For ten years, the Spain construction market demonstrated strong growth, but it is still good. The total output value of the Spain construction industry rose by 4.6% in 2006, which reached 173 billion dollar.

Tow or three years ago, the large Spanish property market nearly collapsed. However, after December, the European Central Bank (ECB) consecutively increased the interest rates of 0.25% for four times. At present, the Spain real estate market has turned the corner.

Spain government devotes to basic construction unalterably, so Spain construction market gets benefits from it. Spain government had succeeded in making plan for basic equipment construction investment from 2000-2006, which had been replaced by 2005-2020 investment plans that were announced in July 2005. In this new plan, the total investment in the project of Spain will reach 319 billion dollar in the next 15 years. About half will be used to build railway network.

The performance of the British construction market was good in the past ten years. The increase rate in 2002-2003 reached peak. The British construction market slightly descended in 2005, but it began to rebound in 2006.

After experiencing the difficult period at the beginning of century, French construction market also came back..  People predicated that the increase rate of French construction market would exceed 3%, which is similar with the increase rate of 2004 and 2005.

For smaller scale mature market in Europe, there exist some bright spots. At present, the development trend of the northern Europe construction market is good. The increase rate of construction market of Sweden, Norway and Finland had reached 3% or higher in 2006. However, Denmark, which is the fourth largest market of the northern Europe, the development trend is bad.

In other northern Europe countries, it is predicated that the total output value of construction market of Ireland and Belgian would greatly reach 5% more or less. Netherlands is the sixth largest construction market in Europe, which the prospect of development is very optimistic. The annual total output value of Netherlands is 6.4 billion dollar, the increase rate also reaches 3.5%～4.0% more or less.

The construction industry development of southern Europe is not ideal. Austria and Switzerland located at the Alps. The construction market hardly increased in 2006. The difference with Spain, the prospect of Portugal construction market is not optimistic.

As the same as Portugal’s situation, there is ubiquitous problem in Europe Union. 1990s in the 20^th century, Portugal and Greece are the least developed countries of 15 Europe Union member countries. Portugal’s situation means that it is loan recipient of for two major European development banks---EIB and EBRD. Portugal also enjoys the unconditional gift of the Europe Union’s annual budget. The construction funds of the Europe Union come from the tax revenue of the Europe Union countries. At present, it accounts for 1% of gross domestic products in Europe Union, is about 154 billion dollar. These investments cause Portuguese construction market large-scale develop. The annual total output value of Portuguese construction industry rose by 10% or higher in 1990s of 20^th century. But the construction market of Portugal decline severely in 2002. The reason is that the newly elected Portuguese government carries out severe policies. In the meanwhile, European loan subsidizes turned to other 10 European countries. Eight of them are poor countries in the central and eastern European which joined the Europe Union in May 2004.

The central and eastern European also begins to build basic equipment. The way is similar with the one which Portugal took in 1990s of 20^th century.  The total output value of Portuguese construction industry has remained at 31 billion dollar for five years. Compared with 40 billion dollar highest recording in 2001, it dropped about 20%.

Burgeoning markets. When Portuguese construction market suffered from frustration, the burgeoning markets of the Central and Eastern Europe are increasingly flourish. It is difficult to estimate the increase rate of burgeoning market, however, it is undeniably that the total output value of the European construction industry is growing with the speed of more than 5% every year. It is good to grow for burgeoning construction markets. However, there is a large number of works to do before the burgeoning markets in these countries catching up with mature markets in the Western Europe. For example, the population of Poland and Spain is same, is about 40 million. But the annual total output value of the Spanish construction industry reaches 173 billion dollar, the one of Poland is only 3.3 billion dollar, is 16% of the one of Spain. From the area scale, Cyprus, Czech Republic, Esthonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia, Slovenia joined the Europe Union early or late, there are another 10 countries in the Europe Union. The total population increased 75 million. However, the total output value of construction industry increased by 70 billion dollar. In other worlds, the population of the Europe Union grew 20%, but the total output value of construction industry merely increased 5%. The growing speed of these burgeoning markets is faster than the one of the Western markets, since they are reducing the distance with the construction market of the Western markets. However, even if the development with the current speed, these burgeoning markets will take 20-30 years to catch up with the development level of the Western market.

Driving force. The European real estate market is still strong. The development speed of real estate market was slow in 2005, but it did not burst up. The European Construction Group predicated that the whole European real estate market would increase 3.5% in 2006. The other main driving force of driving the development of the European construction market is civil engineering fields. The increase rate of the Western Europe civil engineering will reach 2.8%, which accords with the development trend of construction market. The construction market of the Central and Eastern Europe is flourishing, the European Construction Group predicated that the scale of construction in these areas will increase by 11%, which is similar with the one in 2005. it is expected to further increase to a double-digit in construction market in 2007 and 2008, since these countries will rebuild and maintain broken high way and railway.

Foreground. The increase speed of the European construction market may be slow in 2 years. The European Construction Group predicate that the increase rate of construction market will fall into 1.7%, what’s more, the increase rate may increase 1.8% in 2008. In the main construction market, Spain is still the champion, the second is British and France. In the drop tendency of the market, the Italian construction enterprise may stagnate, Germany situation is not clear. It is obvious that the development prospect of small scale market is very good. The development prospect of the northern Europe construction market is very optimistic, the civil engineering of the Central and Eastern Europe is thriving. The whole increase rate of the European construction market is not dazzling, but appropriate fields and countries still offer a good chance for the development of construction market.

Why would you choose buying a property in Bulgaria?

1.Bulgaria is an EU member with stable government and at early stages of development which makes it an ideal place to invest

2. Bulgarian it is considered as one of the most rapidly advancing European countries

3. Large amounts of ongoing foreign direct investment: companies such as Nestle, Shell, etc. have already settled here

4. Excellent property prices and growth potential compared with most other European locations

5. Major new developments focused on golf, beach, sky and luxury property

6. The World Tourism Organisation predicts Bulgaria to welcome 20 million tourists by 2020

7. Unspoiled country with 11 "Blue Flag" sandy beaches along 354km of Black Sea Coast, 37,500km hiking paths and mountain trails and over 500 mineral springs, some with world-class spa facilities

8. Top ski resorts with latest equipment

9. Cheap flights from the major cities in Europe

10. Average temperature on Black Sea Coast in summer is 27°C

11. Vibrant capital (Sofia) and beautiful historical cities like Plovdiv or Veliko Tarnovo

12. Over 500 mineral springs, some with world-class spa facilities

13. Welcoming and hospitable people with ancient and interesting culture