Commercial Property Deals Top 878m Euro In 2007 Cb Richard Ellis 11/04/2008
The value of major deals struck on the Bulgarian commercial property segment rose 35 per cent on the year to 878 million euro, a report released by CB Richard Ellis on April 9 showed. The international property consultancy said that the figure was only an approximation because of the lack of transparency on the market. Despite the uptick, the figure remains two to three times smaller than in other Central and East European countries. According to CB Richard Ellis, in the next three years Bulgaria will successfully catch up with CEE peers as international investors enter the country. Last year, Bulgaria witnessed 40 large deals, 15 of which referred to office buildings and 10 to commercial buildings. One of the most important deals were the management buyout of Landmark, the Sofia... more

Eu Accession Increases Residential Property Prices In Bulgaria 11/03/2008
The price increase of residential property in Bulgaria after the country’s EU accession is sufficiently higher than expected, research ordered by investor.bg showed. The price hike concerns both old and new construction in Sofia and in other bigger cities and towns. The prices per sq m went up three to 12 per cent in Sofia’s residential disitrcts of Lyulin, Mladost and Nadezhda. In some parts of the residential districts, prices wend down by four to five per cent. The growth difference was attributed to the willingness of some property owners to sell their apartments at much higher prices than the normal values. Residential property prices in the other towns remained almost unchanged in the past four months. Only some parts of the coastal cities of Varna and Bourgas... more

Bulgarian Kazanlak City To Have Own Airport 21/04/2008
The preparations for the construction of an airport near Kazanlak city (central Bulgaria) has started, Stefan Damyanov, mayor of the Kazanlak municipality informed. According to his words the airport will be legitimated by the international flights requirements. The airport is foreseen to have two runways and a reserve one (1,800 m), which will cover a capacity of landing planes with 40 passengers on board per day. It is expected the realizing of charter flights at the new airport. Mayor Damyanov stated that this is the biggest investment that will be implemented in 2008-2009 on the territory of the municipality - round 50-60 million BGN (25 - 30 million EUR). The municipality won't take part in the construction sides. The investor plans to finish the project by the end of 2009. more

Kissing Marathon To Stop Black Sea Construction In Irakli 14/03/2008
Locals and environmentalists expressed their hope that love can save Irakli by sending good wishes to the authorities and constructors working on the virgin beach. The protesters decided that even though the authorities could not stop construction, they would try to use positive emotions instead of aggression. more

The Real Estate Market Remains Major For Investors 07/10/2008
The major market for investors in the Bulgarian economy remains the real estate market and not the stock exchange.This was announced by Georgi Stoev from "Industry Watch" on "Darik Kafe". His forecast is that the segment of vacation properties is the one, which will be most affected by the financial crisis.According to Stoev, the people who save money in Bulgaria depend mostly on their homes as investment number one and investment number two is bank deposits. This raises the question about what will happen to the real estate market and the stability of the bank system in Bulgaria, Stoev said."The vacation properties market has always been and will always be a risky one. In a moment of liquidity crisis the first projects, which will be blocked or suspended will be the market of "second... more