Bulgaria attracts 150 000 Romanian tourists in summer 2008

About 150 000 Romanians came to Bulgaria for their vacation in the summer of 2008, according to data published in the Romanian press.The total number of Romanians who went abroad for a summer holiday in 2008 is 700 000. Greece remains the most popular destination for them with over 250 000 Romanian tourists.The number of Romanians who visited Turkey over the summer registers the highest growth. Romania's Black Sea coast was visited by 100 000 foreigners in summer 2008.Source: News.bg

Prices of New Homes in Hungary Projected to Rise About 7% in 2008

Hungarian real estate company Otthon Centrum projects the price of new homes in Hungary will increase about 7% in 2008, level with the rate of inflation, the Budapest Business Journal reports.Nonetheless, it still sees prices of both new and resale homes doubling in ten years, analyst Dávid Valkó said at a press conference on Wednesday.About 11,200 new homes will be completed in Budapest by year-end. Demand for resale homes is expected to fall 5%-10% during the year.Prices for resale homes in brick buildings averaged Ft 269,000 per square meter in the first half of the year. The price for free-standing resale homes was Ft 197,000 per square meter.The report noted that 10% of new home loans taken out in the first half were denominated in Japanese yen.Source: Profit.bg