Real Estate & Property Investment News in Bulgaria from Propertyshowrooms.com

Sunny days for tourism in Bulgaria

Fri, 5 Sep 2008 00:00:00 GMT

Despite the downfall of Bulgarian Stock Exchange, tourist companies, represented on it, increased their sales incomes for the second quarter of 2008 by over 17 pct to BGN 90.7 million...

Arco Vara invests over EEK 100 mln in Bulgaria

Thu, 4 Sep 2008 00:00:00 GMT

Estonian real estate develoer Arco Vara signed construction contract in development project “Manastirski” in Sofia. Total value of the contract is EEK 101.5 mln without VAT...

Sobering on Bulgarian real estate market

Tue, 2 Sep 2008 00:00:00 GMT

Real estate brokers expect in the next months sobering of the salesmen but no crisis in the country...

UK investor hails Bulgarian market

Mon, 1 Sep 2008 00:00:00 GMT

A British investor has said that Bulgaria offers those looking to buy overseas an exciting new emerging market that makes a good alternative to the traditional destinations for British buyers.

Greg Marshall from Solihull told Property Wire he went for Bulgaria as he was keen to buy somewhere new and with potential for growth....

Bulgarian property market tamed

Mon, 1 Sep 2008 00:00:00 GMT

The fact that the force with which the Bulgarian residential property market has been developing is beginning to subside was officially confirmed by real estate company executives during a press...

Spanish developer to invest 500M euro in residential property near Sofia

Mon, 1 Sep 2008 00:00:00 GMT

The Bulgarian residential property market still has a potential to grow, Nikolina Nikolova, CEO of the Bulgarian arm of Hercesa International, said during a news conference on September 1 2008 at the...

Bulgaria’s real estate growth dips

Mon, 1 Sep 2008 00:00:00 GMT

Sofia: Bulgaria's real estate boom is turning to bust as its key British and Irish property buyers are now discouraged by financial difficulties at home. According to a study by the Bulgarian...

Foreign capitals run out of Bulgaria

Tue, 26 Aug 2008 00:00:00 GMT

For the first time this year direct foreign investments (DFI) took a downward trend...

Bulgaria 'is a good place to invest'

Mon, 25 Aug 2008 00:00:00 GMT

Overseas property buyers have been advised to consider potential investment opportunities in Bulgaria.

According to Quest Bulgaria, the eastern European country is currently a very good place in which to buy a residence....

More Britons purchasing Bulgarian currency

Fri, 22 Aug 2008 00:00:00 GMT

Investors in the Bulgarian market could be in line to benefit from growth in the country's tourism sector.

According to the Post Office, demand for Bulgarian currency has been going up steadily in the last three years....

Bulgarian real estate companies get out of breath at the stock exchange

Thu, 21 Aug 2008 00:00:00 GMT

BGREIT of real estate investment trusts, showing the movement of real estate shares, lost other 10 pct over the last three months, analysis of Pari Daily announces...

Bulgarian slowdown 'could be temporary'

Wed, 20 Aug 2008 00:00:00 GMT

The recent slowdown in the Bulgarian housing market may only be a temporary lull, experts have suggested.

Foreign Property Buyer said issues such as overpriced houses, unfavourable credit terms and supply exceeding demand have fuelled a drop in the rate of house price inflation....

Bulgarian farmland funds amass 71 000 ha

Wed, 20 Aug 2008 00:00:00 GMT

Bulgarian real estate investment funds REITs focused on arable land have accumulated 71 000 ha, according to the latest market data, which also showed that the biggest special purpose vehicles were...

Bulgaria 'offers year-round attractions'

Tue, 19 Aug 2008 00:00:00 GMT

Overseas property investors could benefit from Bulgaria's year-round holiday industry, experts have stated.

John Howe & Co, a West Yorkshire-based law firm, said the eastern European country is very popular with foreign leisure travellers....

Arco Vara took an additional loan for a project in Sofia

Tue, 19 Aug 2008 00:00:00 GMT

Arco Invest EOOD, a subsidiary of Estonian real estate developer Arco Group, refinanced the loan for “Madrid” project in Sofia...

Outlook for Sofia office space market good CB Richard Ellis

Mon, 18 Aug 2008 00:00:00 GMT

Despite the effects of the credit crunch and forecasts for an overall slowdown in economic growth, Bulgarian gross domestic product defied the expectations of economists by recording seven per cent...

Bulgaria flagged up as lucrative investment market

Mon, 18 Aug 2008 00:00:00 GMT

Foreign property buyers could be able to collect healthy returns in Bulgaria, according to industry experts.

Investment company Aston Lloyd said emerging destinations across the world tend to be highly lucrative markets for second home buyers....

Bulgarian property market expected to pick-up

Mon, 18 Aug 2008 00:00:00 GMT

The Bulgarian residential property market has slowed in recent months however many industry experts believe that the lull is only temporary. The lack of growth in the Bulgarian property market is due...

British buyers praise Bulgarian purchase

Tue, 12 Aug 2008 00:00:00 GMT

Bulgaria has been praised by two second home buyers for offering both lifestyle and financial attractions.

Scott and Lisa Bain recently paid £43,000 for a one-bedroom apartment in the eastern European country....

New logistics centre to be built near Varna

Mon, 11 Aug 2008 00:00:00 GMT

The construction of a new logistics centre has begun near Slunchevo village, in Aksakovo municipality near Varna, Stroitelstvo Gradut weekly has reported. The facility will be within a strategic...

New subsidiary to manage Bulgarian telco BTC real estate assets

Mon, 11 Aug 2008 00:00:00 GMT

BTC, the dominant Bulgarian fixedline telecom, will seek shareholder approval to transfer 100 real estate properties valued at over 281 million euro to one of its subsidiaries. The general meeting...

Land plots near Sofia still increasing in value

Mon, 11 Aug 2008 00:00:00 GMT

The average price of land plots suitable for construction near Sofia has increased between 10 and 15 per cent since the beginning of 2008, Era Izida Properties has said, quoted by website investor.bg...

New mountain resort set for Bulgaria (04 August 2008)

Tue, 5 Aug 2008 00:00:00 GMT

Despite project launches, drop in tourism is shutting three to four Black Sea resorts a week...

Another holiday resort springs up at Skorpilovtsi beach

Tue, 5 Aug 2008 00:00:00 GMT

Varnabased company Albatros Ve EOOD has erected the ground floor of the aparthotel Soley, which is the first concrete construction on the beach of the Black Sea village of Skorpilovtsi between Varna...

Drastic decrease in resort property deals sees Brits selling at a loss

Fri, 1 Aug 2008 00:00:00 GMT

A sharp drop in the number of sales of holiday homes on the Black Sea and ski resorts is expected by the end of this year, Pari daily has said, quoting various real estate agencies. However...

Parliament bans construction on green areas

Fri, 1 Aug 2008 00:00:00 GMT

On July 31, Parliament decided to impose a memorandum on construction on existing green areas, parks, playgrounds, sporting fields and areas between residential buildings in regional centres and...

Italian CoVer Industrial to build Tishman and GEs Sofia Airport Centre

Thu, 31 Jul 2008 00:00:00 GMT

Italian company CoVer Industrial won the tender for the construction of a business centre near Sofia Airport, Italian news agency Ansa said as quoted by Dnenvik daily. Investors in the development, So...

Pari: Foreign investors withdraw from Bulgaria

Tue, 29 Jul 2008 00:00:00 GMT

The biggest problem associated with discontinued EU funding will be the drop in foreign investment in Bulgaria, Petar Dimitrov, Minister of Economy and Energy, said...

Bulgaria average APR on housing loans at 10 per cent

Tue, 29 Jul 2008 00:00:00 GMT

The Bulgarian central bank reported on July 28 that the APR on new housing loans stood at 9.72 per cent at the end of June, up from 9 per cent in February. The average APR on consumer loans has added...

Bulgaria 'offers capital growth potential'

Fri, 25 Jul 2008 00:00:00 GMT

Foreign property buyers may be able to get strong capital gains in Bulgaria, as house prices across the country are still rising steadily.

According to official government figures, property values in the eastern European nation rose by 5....

Central Europe becomes top logistics, industrial property destination study

Thu, 24 Jul 2008 00:00:00 GMT

Three out of Europes top five markets with the best location for industrial or logistics facilities were in Central and Eastern Europe, according to the European Distribution Report 2008 published by...

Environmentalists in Bulgaria protest ‘world’s first carbon neutral luxury resort’

Tue, 22 Jul 2008 00:00:00 GMT

When is an eco-project bad for the environment? Critics charge a development in northeast Bulgaria designed by Foster + Partners, the oft-praised creator of cutting edge sustainable developments, will...

Eastern Europe 'offers good exchange rates'

Mon, 21 Jul 2008 00:00:00 GMT

People who want to make the most of their money on holiday have been advised to consider visiting eastern Europe.

According to PriceRunner, the region is an ideal location for consumers who are travelling on a budget....

Bulgarias residential property market is nearing its peak realtors

Mon, 21 Jul 2008 00:00:00 GMT

For the months of May and June, supply on the residential property market surpassed the demand by 50 per cent, Katya Tsenova, the executive director of Address real estate agency, told a news...

UniCredit to launch real estate fund report

Mon, 21 Jul 2008 00:00:00 GMT

UniCredit plans to set up a real estate fund, following the example of other major European banking groups, which would use parts of buildings that house the banks branches and other properties...

Scathing EU report on Bulgarian corruption has implications for property market

Sun, 20 Jul 2008 00:00:00 GMT

The withering European Commission report on corruption and maladminstration in Bulgaria which has resulted in the freezing of up to a billion euros in funding has major implications for the property market...

Realtors construction companies facing decline in profit margins

Thu, 17 Jul 2008 00:00:00 GMT

The increased cost of construction materials and the standstill in property prices will push down the profit margins of the Bulgarian construction companies by 68 per cent in 2008, local real estate...

Agricultural land prices rising in Bulgaria

Thu, 17 Jul 2008 00:00:00 GMT

Bulgaria is the latest country to report rising prices for agricultural and development land which offers investors another possible profit stream...

Riu Hotels to run Pravets golf resort hotel

Wed, 16 Jul 2008 00:00:00 GMT

International hotel chain Riu Hotels amp; Resorts will take over at the Pravets Golf amp; Spa resort in Pravets, northwestern Bulgaria, Terra Tour Service, the investor in the project, said.Riu has...

LS Property to invest 450M euro in Bulgaria

Wed, 16 Jul 2008 00:00:00 GMT

LS Property, one of the major investors in Bulgaria Mall in Sofia, announced plans to develop a number of projects in Bulgaria for a total of 450 million euro, website investor.bg reported, quoting...

Tax conjectures

Wed, 16 Jul 2008 00:00:00 GMT

Pressure has been rising lately in Bulgaria on the issue of reducing the level of the value added tax (VAT)...

Rents in Sofia from steady high to high up

Wed, 16 Jul 2008 00:00:00 GMT

In the six month period from the beginning of the year, rental rates for residential property have increased, website investor.bg said, quoting brokers from various agencies. The professionals...

Chedi luxury hotel brand coming to Bulgarian golf resort

Tue, 15 Jul 2008 00:00:00 GMT

GHM, the owner and manager of a hotel portfolio of highly regarded properties such as The Datai and The Setai, said it would open a hotel in Bulgaira under its upscale brand Chedi...

Agricultural land most attractive property in Bulgaria, consultancy firm says

Tue, 15 Jul 2008 00:00:00 GMT

Holiday resorts and big Bulgarian cities do not seem such an attractive investment opportunity for foreign property investors any longer. Now, an increasing number of private and institutional...

Spanish developer with project in Sofia files for bankruptcy protection

Tue, 15 Jul 2008 00:00:00 GMT

MartinsaFadesa SA, the largest Spanish developer with a residential project in Sofia, has sought bankruptcy protection, Bloomberg agency reported as quoted by website investor.bg.With the 10year real...

Bulgaria's investment potential highlighted

Mon, 14 Jul 2008 00:00:00 GMT

Overseas property buyers could collect strong returns on their investment in Bulgaria, a media outlet has suggested.

Homes Overseas magazine said that even though interest in the country among Britons is falling, it remains one of the strongest-performing markets in Europe....

Bulgarian property market and rental sector slowing down

Mon, 14 Jul 2008 00:00:00 GMT

Demand for property in Bulgaria is slowing according to industry experts who believe the global credit crunch is at last reaching East Europe...

BGN 3.3 bln of budget excess: money to be eaten

Thu, 10 Jul 2008 00:00:00 GMT

The huge budget excess in Bulgaria is a big temptation for politicians when the time comes to spend it...

FairPlay Commercial to invest in new logistics park projects

Thu, 10 Jul 2008 00:00:00 GMT

FairPlay Commercial, an office property developer that is part of FairPlay International, said it plans to build distribution warehouses and a 120 000 sq m logistics park. The location of the new...

Foreign investments reign over Bulgarian property developments

Thu, 10 Jul 2008 00:00:00 GMT

Foreign investors have a 97 per cent share of the total investments in Bulgarian commercial buildings, according to consultant company King Sturge, as quoted by website investor.bg...