Obelisk® International Researches the Viability of Property Investment in Macedonia
Renewed tourism in Macedonia is boosting awareness to the country’s potential as a buy-to-let property investment market.
Bordering Serbia & Montenegro, Bulgaria, Albania and Greece, the land locked country of Macedonia saw 1.2 million tourists and €65 million of tourist related income last year. The latest reports by the State Statistical Office indicate that there were over 11% more registered tourists in July 2007 than in July 2006 and according to the report, the numbers visiting Macedonia’s resorts between January and July 2007 increased by nearly 6% compared to the same period last year.
Nikola Panov, a Professor of tourism at the Skopje University told Balkan Insight the positive figures are mainly due to the revival of one of Macedonia’s biggest tourist regions located around Dojran lake in the country’s south-east. Mr Panov noted that Macedonia’s leading tourist region around Lake Ohrid has also been more attractive this year with high-profile cultural and sporting events.
‘The statistical analysis does not include a significant number of tourists who stayed in private accommodation and were not registered.’ Mr Panov said that many owners of private accommodation failed to report the exact numbers to avoid paying tourist and income taxes ultimately making the overall tourist figures very conservative.
The Macedonian government have made a huge spend on advertising in financial publications entitled ‘Invest in Macedonia’ promoting the country’s low taxation and zero tax on re-invested income which makes Macedonia a very appealing country to purchase overseas property.
For more information on property investment and to find out about Obelisk’s latest projects, contact: Obelisk on 0808 1600670 or email info@obeliskinternational.com or visit our website http://www.obeliskinternational.com/
Bordering Serbia & Montenegro, Bulgaria, Albania and Greece, the land locked country of Macedonia saw 1.2 million tourists and €65 million of tourist related income last year. The latest reports by the State Statistical Office indicate that there were over 11% more registered tourists in July 2007 than in July 2006 and according to the report, the numbers visiting Macedonia’s resorts between January and July 2007 increased by nearly 6% compared to the same period last year.
Nikola Panov, a Professor of tourism at the Skopje University told Balkan Insight the positive figures are mainly due to the revival of one of Macedonia’s biggest tourist regions located around Dojran lake in the country’s south-east. Mr Panov noted that Macedonia’s leading tourist region around Lake Ohrid has also been more attractive this year with high-profile cultural and sporting events.
‘The statistical analysis does not include a significant number of tourists who stayed in private accommodation and were not registered.’ Mr Panov said that many owners of private accommodation failed to report the exact numbers to avoid paying tourist and income taxes ultimately making the overall tourist figures very conservative.
The Macedonian government have made a huge spend on advertising in financial publications entitled ‘Invest in Macedonia’ promoting the country’s low taxation and zero tax on re-invested income which makes Macedonia a very appealing country to purchase overseas property.
For more information on property investment and to find out about Obelisk’s latest projects, contact: Obelisk on 0808 1600670 or email info@obeliskinternational.com or visit our website http://www.obeliskinternational.com/
posted by Chris at 11:32 am
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