A sharp decline in property sales in Black Sea and ski resorts in Bulgaria has been revealed by real estate agents. British investors in particular are shunning the country.

Property investors in Bulgaria, some of whom have been concerned about oversupply in the market and poor rental yields, have been given a boost by two positive pieces of news.

As the Euro 2008 football tournament kicks off in Switzerland and Austria this weekend, both countries believe it will raise the profile of sport but also property.

New laws are being drafted in Switzerland to make it easier for foreign investors to buy property although it could be 18 months before they are passed.

As a very good winter season comes to a close in the Alps, property experts are advising potential investors to look at prospective purchases in the summer months as this is the time to find the best deals.

As ski resorts in Europe celebrate with a spectacular amount of snow for the end of the season, interest in investment is continuing despite long term predictions that climate change could affect business.

UK and other European investors are taking the first three months of the year to purchase ski property, but their locations of choice have changed somewhat.

Bulgaria sees drop in the number of investors from UK buying ski property. Additionally, mortgages here offer investment potential.

Italian tourism continues to grow and the ski property market attracts more investors.

New developments in the French Alps make property purchases here more affordable.

Midland Baring financial Group Ltd announced today that it has come to financial agreement with Sante Chaleur Group to the tune of $60 million for the development of a gay specific ski resort and spa.