Karlovo Properties for sale

Elana Plans Ipo 20/03/2008
Elana Financial Holding will be floating its shares in an initial public offer (IPO) in the second half of this year, Kamen Kolchev, chair of Elana Holding AD board of directors and chief executive director, said on March 19. The holding plans to offer between 15 and 25 per cent of its shares. Elana Financial Holding comprises the companies Elana Trading, Elana Fund Management, Elana Property Management and Elana Investment. The company is in charge of Elana's financial operations. Elana Holding reported consolidated net profit of 7.5 million leva in 2007 in what is a 180 per cent year-on-year increase. Revenues grew by 50 per cent on the year to 50 million leva. In addition, Elana plans to establish two real estate investment trusts (REITs) before the year expires, Kolchev said.... more

Property Boom Still Ongoing In Bulgaria Report 13/03/2008
In an article entitled On Course for a Building Bonanza, The Independent reported that Bulgaria’s property boom continues. Initially Bulgaria attracted investors with the low prices but is now moving up in the international property market. Coastal resorts continue attracting the majority of buyers, the report said. Several major projects are carried out at the moment and promise to offer highest quality upon completion. Some new developments focus on golf and luxury property, The Independent reported. Investors that entered the country several years ago have seen high return rates. Buyers now are a bit more skeptical if the percentage remains just as high. Market has calmed down but growth will continue in the future, agents said. One of the reasons for further development... more

Bulgaria Named The Cheapest Country In Europe 21/04/2008
Leisure travellers from the UK could find that their pound goes a long way in Bulgaria, according to experts. The Post Office carried out a study to compare relative prices across the world, as the pound has recently got much weaker against other currencies. In fact, it is now at an all-time low against the euro, which means it will cost Britons much more to spend time in places such as Italy and France. However, the Post Office found that other countries across the world offer more favourable exchange rates which allow a person's money to go further. And not all were long-haul destinations, as countries such as Bulgaria were flagged up as highly affordable locations. The eastern European nation was named as the cheapest destination in the whole of Europe, just ahead of... more

Real Estate Market In The Mountains Subsiding 08/09/2008
The real estate market in the mountains is subsiding, brokers complain.Prices have also gone down because of the reduced demand. Foreigners who want to buy an attractive property are also becoming less. Analyzers explain this fact with the bad image of the country lately and the world economic crisis which is making people more cautious in financial transactions.40-50 Euro costs a square meter of land in the Devin region. Since the beginning of the year the demand of real estate in the region decreased, representatives of the real estate agency Vipbulgarianproperties said. In the villages around Devin a square meter of land is sold for 15-20 euro. The tendency towards a higher demand of old houses continues. If you are a big enthusiast on the Rhodope Mountains, you can buy a house... more

Business Properties In Bulgaria Sell Right Off The Blueprint 20/03/2008
An emerging trend on the Bulgarian business property segment is the marketing of projects at the design stage, said local realtors. Everything is sold right off the drawing table before even the first sod of ground is turned, said Krasimir Dimitrov from Source Real Estate for Dnevnik Daily. A crucial deal-maker for the buyers is for the respective project to have passed all relevant administrative procedures like rezoning, planning approval, etc. The latest large-scale property to be transacted at the design stage is the 100 mln euro Mall Plovdiv sale to GE Real Estate and Quinlan reported recently by news agency Dow Jones. The list of major projects transacted so far in 2007 includes also Mall Varna (Varna), Megapark Soravia (Sofia), Business Park Varna (Varna), Porsche Center... more