News Guide Bulgaria Properties and Real estates

Sofia: Airport Gate Towers project in Sofia

Tue, 10 Nov 2009 09:30:00 GMT

2 blocks and a 6-storey high passage between them connected with 4 floors - this is a new project called Airport Gate Towers. The site is 7,000 sq. m on Prodan Tarakchiev str. The excellent location at 500 m from the airport near the main city thoroughfa...

Sofia: Sofia amongst the most expensive warehousing market in Central and Eastern Europe

Tue, 10 Nov 2009 03:00:00 GMT

With a rental price of EUR 79 per square metre a year, Sofia ranks as the most expensive warehousing market in Central and Eastern Europe for 2008, according to commercial real estate brokers and consultants Cushman & Wakefield. The Bulgarian cap...

Prices of real estates in Bulgaria may fall by another 5-10% next year

Tue, 10 Nov 2009 12:40:00 GMT

" The prices of real estates in Bulgaria may fall by another five or ten percent next year ," said Mr. Levon Hampartzoumian , CEO and Chairman of the Management Board of UniCredit Bulbank . Analysts from UniCredit Group reckon that the worse of the financ...

Sofia: EUR 530 - 600 per m2 is the actual price of housing in Sofia

Fri, 06 Nov 2009 07:00:00 GMT

The actual price of housing in Sofia is €530 - 600 per sq m, said Sofia `s Chief Architect Petar Dikov at the real estate conference BalREC . According to him, before the crisis, construction companies` profits were between 100% and 150% of the purchase ...

Sofia: Property exhibition and real estate and investment conference in Sofia

Thu, 05 Nov 2009 15:54:00 GMT

Balkan Property Week will take place at Kempinski Hotel Zografski in Sofia , on 5th and 6th of November. The event includes the property exhibition BalPEx Exclusive and the real estate and investment conference BalREc - Awaiting Recovery. The purpose o...

Sofia: Propery prices in Sofia dropped by 16%

Fri, 23 Oct 2009 02:40:00 GMT

Sofia . Raiffeisen Real Estate index for Q3 of 2009 measures at 127 points, suggesting the average home prices in Sofia have dropped by 16% or 25 points on annualized basis. Back in Q3 of 2008, the Raiffeisen Real Estate indicator ran up to 152 points. ...

Gorublyane: Novoclass logistic complex in Sofia Gorublyane district

Wed, 21 Oct 2009 13:30:00 GMT

The transformation of brownfields into modern multi-purpose complexes with predominant role of logistics, public services and administrative functions - such a new logistic complex in Sofia is called Novoclass. The investment is made by the same name c...

Sofia: Sofia office building projects put on hold

Wed, 21 Oct 2009 02:00:00 GMT

Office building projects with a combined area of almost 150,000-160,000 square metres have been put on hold, Anton Slavchev, office and business park manager at consultancy Colliers, said on Tuesday. Speaking at the presentation of the European Trade ...

Sozopol: Sozopolis complex reproduce style and atmosphere of Old Sozopol

Fri, 16 Oct 2009 13:50:00 GMT

Entirely natural materials - wood sheathing, Vratsa stone facing, ventilated anti-moisture facade systems, natural ceramics outer walls are some of the energy efficient elements of Sozopolis complex. The site which is situated amphitheatrically on the ...

Sofia: Construction of business park in Sofia's Slatina quarter was started

Mon, 05 Oct 2009 15:09:00 GMT

In the area of the former Electronica works in Sofia Slatina neighbourhood started construction of Sofia 1 business park. It is situated on a site of 35,000 sq. m next to Sky City shopping centre. The first sod was turned on 30 Sept. The start of suc...

Sofia: Construction of big shopping centre in Sofia is pending completion

Thu, 01 Oct 2009 01:00:00 GMT

The construction of one of the biggest shopping centres in the southern part of Sofia is pending completion, with the ribbon-cutting ceremony scheduled for spring, the project manager, Valentin Zhekov, told reporters on Wednesday. The mall will pop on th...

Sofia: Israeli company invests EUR 20 million into project in Sofia

Thu, 01 Oct 2009 13:29:00 GMT

Israeli investor BSR Sofia will put around EUR 20 million into a business park in the Bulgarian capital , it emerged at Wednesday`s ground-breaking ceremony. The 36,000 sq m of offices and parking lots will sprout in Slataina district in two years. ...

Sofia: REIT Bulgaria gets EUR 5 million loan to refinance a project in Sofia

Thu, 01 Oct 2009 06:00:00 GMT

Real Estate Fund Bulgaria has drawn a nine-year EUR 5 million loan from EFG Bulgaria to refinance its Kambanite Business Centre in Sofia , which was completed a few months ago. The real estate investment trust said on Wednesday it has rented another 1,5...

Sofia: New plan for Sofia Students town

Wed, 23 Sep 2009 12:56:00 GMT

The plan for Sofia Studentski grad neighbourhood provides for 12 mini-campuses. Despite its specific character - a territory mainly for students` hostels, as an urban territory the zone has a standard urban statute. During the socialist are it has been...

Sellers of real estate properties in Bulgaria reduce prices

Sun, 20 Sep 2009 17:49:00 GMT

Sellers of real estate properties in Bulgaria reduce prices less and less while prices in the largest cities show fewer reductions. The data belongs to one of biggest BG brokerage site. In February, in the capital Sofia , reduced price properties were...

Average Bulgarians should now own home easier than 5 years ago

Tue, 15 Sep 2009 09:01:00 GMT

Average Bulgarians should now find buying homes easier than they did five years ago, although property prices remain higher than they were back in 2004, says a research made by Industry Watch where average salaries are compared to average property prices....

Sunny Beach: BG properties prices decreased - apartments in Sunny Beach for EUR 20,000 to 30,000

Mon, 31 Aug 2009 14:07:00 GMT

The Black Sea coast real estate prices have dwindled by 15 to 30%. In some remote areas they are 60% down. Statistics have registered sales of ready apartments at EUR 390 per m2. Ready apartments in Sunny Beach are up for grabs for EUR 20,000 to 30,000...

Sunny Beach: Irish Independent - BG real estate in coastal resorts will remain stable

Wed, 26 Aug 2009 09:01:00 GMT

According to Irish investors, the prices of real estate in Bulgaria’s coastal resorts will remain stable despite the financial crisis, Irish Independent reported. In 2005, Irish property buyer Paul Mitchell came to Bulgaria intending to buy property. ...

Sofia: Мore building permits issued for smaller home units

Mon, 24 Aug 2009 03:17:00 GMT

Bulgaria’s statistical office recorded more building permits issued in the second quarter of the year but for smaller home units compared with the first quarter. The number of new permits rose by 24.6% to 1,832 from January to March but plunged by 61.4% a...

Sozopol: 772 BG hotels announced for sale on the real estate market

Fri, 21 Aug 2009 10:40:00 GMT

772 hotels around the county are currently for sale on the Bulgarian real estate market . The prices vary from several hundred thousand Euro to EUR 17,9 M, statistics based on the advertisements in one of the biggest Bulgarian real estate web site showed...

Sozopol: Court proceedings concerning the destruction of bungalows in Zlatna Ribka camp near Sozopol

Fri, 21 Aug 2009 09:07:00 GMT

The Burgas Regional Prosecution started court proceedings concerning the destruction of bungalows in Zlatna Ribka camp near the coastal resort town of Sozopol , Focus news agency reported. According to expert evaluation, the damage is worth 74 377 lev...

Bourgas: 204 hotels for sale on the Southern Bulgaria Black Sea coast

Wed, 19 Aug 2009 23:00:00 GMT

204 hotels are currently up for sale on the Southern Bulgaria Black Sea coast according to real estate agents in Burgas . 85 of the hotels are up for sale for over EUR 1 M, with many of the others officially hotels but run as small family guest hous...

Sofia: Bargains with Bulgarian properties down by 35%

Tue, 18 Aug 2009 17:00:00 GMT

The financial meltdown has had a negative impact on both the number and the prices of real property deals. The count of real estate contracts has plunged by 35% compared to levels back in 2008. The negative trend in this business has encompassed the whole ...

Irish property owners sell their Bulgarian estates at half-price

Tue, 18 Aug 2009 08:22:00 GMT

Irish property owners in Bulgaria are willing to sell their estates at half-price provided they are offered immediate cash payment. " The reason is the global crisis ," holiday property expert Ann Collins told inverstor.bg. The crisis hit the pockets of ...

Sofia: Office market in Sofia - low demand in the Q2 of 2009

Thu, 13 Aug 2009 10:00:00 GMT

The office market in Sofia is characterized by low demand in the second quarter of 2009. This decline is in line with the worsening state of the Bulgarian economy since the beginning of 2009. Substantially increased supply of new office space coincid...