Obelisk International extends their project portfolio to include Bulgaria.

Bulgarian property prices are predicted to grow up to 15% per year in the next 5 years, according to real estate market experts.

MARBELLA, OCT 31, 2006. Property prices in Bulgaria are likely to double within the next few years. This is one of the reasons why real estate investment companies such as Obelisk International are looking to offer Bulgarian projects to their clients.

Property prices in Bulgaria’s major cities have enjoyed a solid growth of 2% in the past three months alone, in comparison to the first quarter of 2006 (source: Bulgarian National Statistics Institute). Obelisk International has found that the most impressive price increases in the last three months have been seen in Gabrovo (13%), Montana (9%) and Smolyan (8%). Sofia has had an annual price appreciation of 22% and a yield of 6.5%, according to recent figures produced by the Prestige Group International Hotspots Index.

The Bulgarian newspaper ‘24 Chassa’ analysed property prices across countries in Europe, Asia and in the United States and reported that Bulgaria had the second highest price increase after Latvia. The analysis showed that the Bulgarian growth rate reached 43.8% in the second quarter of 2005, but went down to 20.5 per cent for the second quarter of 2006. This growth rate is generally thought to be due to low inflation and improved domestic access to financing and loans.

Obelisk International sees Bulgaria as potentially having as much success as their current investment real estate projects in Turkey. Like Turkey, Bulgaria looks to benefit hugely from impending accession to the EU. The European Commission has already approved the country’s accession to the EU next January. Bulgaria’s net profits show a compound yearly average growth rate of 13% for the period 2005-2008, which is above that of other new EU member countries such as Poland (10%), Czech Republic (7%) and Slovakia (9%), according to UniCredit.

The research team at Obelisk International has been impressed with the extent of investment interest in the Bulgarian property market, partly fuelled by the low property prices available. Even given the recent increases, there are still real bargains to be had, with apartments in the ski resort of Bansko starting at £28,000. The online travel company ‘Opodo’ is predicting that Bulgaria will be the most popular emerging holiday destination for 2007. They report that bookings to the country have risen by 40% in the last six months and they expect a significant further increase after it joins the EU.

About Obelisk International.

Obelisk International is a real estate investment company providing global investment opportunities that offer security, tangibility and impressive financial performance. Their service to investors is based upon three main principles: price, profit and performance.

For more information on investment hotspots and to find out about Obelisk International's exciting new projects, contact Kevin Prior, Sales Director, Obelisk International. +34 952 820 319 or kprior@obeliskinternational.com

Press Contact: Santiago Sanchez-Lozano, Marketing Manager, Obelisk International, +34 952 820 319 or santiago@obeliskinternational.com - www.obeliskinternational.com

Obelisk International at the forefront of the real estate boom in Turkey.

Recent figures released from the Turkish government reveal that foreign investment in the country’s property market was in excess of $1.3 billion last year.

MARBELLA, OCT 26, 2006. A number of factors have been alerting investors to the profit potential of Turkish real estate. Property prices are lower than in more established markets, yet an improving economic outlook and stable political landscape makes it a far safer bet than more recently emerging markets. The country enjoys prudent economic leadership from a pro-European government and has recently completed the first chapter of negotiations for accession to the European Union. All of this means potential capital growth for the Turkish real estate market, which continues to boost investor confidence generally, and particularly among the clients of Obelisk International.

Obelisk International has long realised the outstanding profit potential Turkey represents, and has been offering their clients involvement in some of the most exciting real estate projects the country has to offer. Kevin Prior, Head of Sales at Obelisk International, thinks the reason for the huge interest in Turkish property investment is clear: “Turkey received 21 million visitors during 2005, a 22% increase on the 2004 figure, with an expected 25 million in 2006. Given that rental yields are boosted by the huge golfing market in the country and the consistent increase in property prices, which have seen an aggregate growth of 47% over the last few years, Turkey becomes hugely attractive to the discerning investor”.

It is not just real estate investment companies such as Obelisk International reporting a bullish Turkish market. UK government figures report the GDP growth of Turkey as over 5.5% since 2001. Turkey’s economy grew 7.5% year-over-year in the second quarter following 6.5% growth in the first quarter of 2006 according to the latest report from Wells Fargo.

Rental yields in Turkey are between 5 and 10% per annum, although the rental market is currently far smaller than it is predicted to become. The real estate market as a whole, however, is already booming. Istanbul’s investment property market is predicted to increase by 120% this year and other areas are also proving popular. Statistics from the Turkish Land Registry General Directorate reveal cities on Turkey’s coastline such as Antalya, Mersin and Izmir are showing increased interest from buyers and that property prices there have seen recent marked increases.

The market has opened up to foreign investors due to recent changes in legislation easing restrictions and a parliamentary bill expected later this year widening Turkish mortgage options. Figures from the Turkish Minister of Finance show that the number of Britons owning real estate in Turkey has increased by 388% since 2003.

About Obelisk International.

Obelisk International offers investors opportunities for investment in various selected real estate projects from around the world. Their investors are offered involvement in ventures that create unrivalled opportunity, potential and ultimately, return on investment. The service they provide to investors is based upon three key aims: price, profit and performance.

For more information on Turkish investment hotspots and to find out about Obelisk International's forthcoming, exciting new project in Turkey, contact Kevin Prior, Sales Director, Obelisk International. +34 952 820 319 or kprior@obeliskinternational.com

Press Contact: Santiago Sanchez-Lozano, Marketing Manager, Obelisk International, +34 952 820 319 or santiago@obeliskinternational.com - www.obeliskinternational.com

Real Estate Puts Stocks and Shares in the Shadows as Safe Bet, Says Obelisk International

Real estate investment companies are looking forward to a bright future, as today’s investors are increasingly favouring real estate above the stock market to maximise their returns. According to a recent poll conducted by NBC News/Wall Street Journal, 80% of Americans deemed real estate a safer investment than stocks.

The trend towards purchasing property purely for investment means much of this money is moving overseas to the emerging markets, such as Eastern European countries such as Bulgaria, Romania and Poland. Investment experts at Obelisk International are examining the reasons behind this ongoing movement.

“We have all heard of investors making huge cash sums within a short period by dabbling on the stock market”, says Kevin Prior, head of sales at Obelisk International. “However, we also hear stories and have witnessed the historic examples of investors losing everything by doing exactly the same thing."

Respected NY Times journalist, Motoko Rich, and David Leonhardt of Kellogg School of Management point out: "Beyond the shelter it provides, the biggest advantage of real estate might be that it protects people from their worst investment instincts”. This is why, amongst many other reasons, companies such as Obelisk International are seeing increasing numbers of people looking to make a safer investment with their money.

Investors are realising the advantages of real estate investment and the increased financial power it can bring. For example, a few thousand Euros invested in an off-plan villa in Turkey or Bulgaria essentially gives control of a tangible asset worth much more than the initial capital outlay Investors in stocks do not have that luxury.

Kevin Prior says: "Real estate is considered a safer asset than stocks. For a start, property and land aren't generally traded as quickly and easily as stocks and aren't liquid assets. Real estate investors tend to behave more calmly than their counterparts on the stock market, so the real estate arena is less subject to the effects of panic selling than stocks and shares."

About Obelisk International.

Obelisk International is a real estate investment company providing global investment opportunities that offer security, tangibility and impressive financial performance. Their service to investors is based upon three main principles: price, profit and performance.

Contact: Kathya Santos, Public Relations, Obelisk International, +34 952 820 319 or ksantos@obeliskinternational.com, www.obeliskinternational.com

Obelisk International exposes new markets.

A whole new breed of real estate professionals has emerged in the last 5 years bringing new ways of doing business in the worldwide property market.

Looking back a few years ago, real estate was essentially a local business. People were experts within their area and handled most of their dealings face to face. Now, the development of technology has completely changed the meaning of communication, our outlook on life and more importantly how we do business, especially in the world of real estate.

It is no longer good enough to be a local professional in the real estate business; you must be a global professional to succeed. Modern real estate investment companies like Obelisk International, have taken this statement a step further. They began their worldwide debut on the Global market, last month with a fantastic real estate project in Belek, Turkey.

They use today’s technology as well as the power of telecommunications to run a business on a worldwide scale, dealing with international investors. As a result of globalization, Obelisk International has the ability to identify the world’s next hot spot, a crucial element for the company’s global professionals and its business. Investors, who are now looking beyond their boundaries, rely on the expertise of these professionals to enter new, emerging markets right at the beginning, to achieve maximum returns on their investment.

Telecommunication is vital to keep the heartbeat going in the global real estate market. Transactions can take place within minutes from one end of the world to another, without ever moving from your seat. From viewing the property through a virtual tour, to verifying all the relevant documentation sent in PDF files, to making payment by bank transfer and finally the transfer of ownership with power of attorney can be delivered within 48 hours by UPS.

Globalization offers all parties involved, investors, and sellers more choice as the global real estate market is placed at the tip of their fingers and more opportunities to make profitable deals, reducing the old, single market dependency pattern. Global professionals must keep up with the ever increasing speed of doing business in today’s global real estate, to succeed at being everywhere at once; this is the new way of doing business.

About Obelisk International

Obelisk International is a real estate investment company providing global investment opportunities that offer security, tangibility and impressive financial performance. Their service to investors is based upon three main principles: price, profit and performance.
Contact: Kathya Santos, Public Relations, Obelisk International, +34 952 820 319 or ksantos@obeliskinternational.com, www.obeliskinternational.com