King Sturge In Talks With A Local Company To Land In Bulgaria 31/03/2008
UK-based international property advisory King Sturge, which declared its intention to enter the  Bulgarian market, as previously reported, has already chosen a local partner – ProCon International property consultants, Yani Stoimenov and Andreana Petkova, managing partners in the Bulgarian company, said in a media statement. The latter were the Bulgarian representatives of another consultancy – NAI Global, but they decided to put an end to their affiliation with NAI Global as of April 1. King Sturge has been surveying property market in Bulgaria for a year and a half now, meeting different advisory and intermediary companies, Stoimenov said. Negotiations between King Sturge and ProCon International have made much progress and are expected to end by the end of May. The Bulgarian... more

Hungarys Scd Holding To Expand To Bulgaria, Romania, Croatia 26/05/2008
Hungarian property developer SCD Holding unveiled plans to expand to Bulgaria, Romania and Croatia, Hungarian newspaper Napi Gazdasag reported on May 21, as quoted by bbj.hu. In Bulgaria, in particular, it would hone its attention to office and commercial property, the newspaper quoted SCD spokesperson Peter Elkan as saying. In Romania it will focus on residential property and in Croatia on tourism. In addition, the company, which plans to list on the Budapest Stock Exchange in the third quarter of 2009, also divested Interfruct Kft Cash and Carry, a 24-unit retail chain, to financial investor Calslane Holdings. The value of the transaction was not disclosed. The company, which rejigged its strategy last year, plans to form project companies for its projects in individual countries... more

Natura 2000 List For Southwestern Bulgaria To Remain Unchanged Chakurov 13/03/2008
Despite protests of residents from southwestern Bulgarian towns, concerning the inclusion of areas in Natura 2000 European environment network, the list of terrains will remain unchanged, Environment and Water Affairs Minister Djevdet Chakurov said. Residents of Bansko, Razlog and Dobrinishte have been protesting against the inclusion of land in the protected network. Razlog mayor Liuben Tatarski called only for the inclusion of lands located in Rila and Pirin national parks. Chakurov said that some terrains, found within the three municipalities will also become part of the network. The national bio-diversity council took the decision on the protected areas, as well as on the buffer zones located nearby, said Chakurov. Urban, industrial and resort areas will be excluded from... more

Incomes In Bulgaria Continue To Grow, Slowly 24/11/2008
Slight slowing down of the incomes' growth in the last quarter register the analyzers from Industry Watch.The slowing down is around 5% and is a result of the economic crisis, explains the analyzer Krassen Yotov, cited by BNR.The incomes continue and are expected to continue to grow, but the speed of the grown decreases.For example, a year ago the growth has exceeded 25% annualy while at the moment it doesn't go beyond 10-15%, comment the analyzers.The Industry Watch report presented today, shows that there are significant differences between the regions in Bulgaria: regions with different qualification and age of the population.Sofia has a concentration of services with higher added value and concentration of state administration. Therefore the income growth there is the highest,... more

Investors 'looking For Cut-price Properties' 08/01/2009
Many overseas property buyers are seeking out bargain homes amid the current economic downturn, according to analysts.NuBricks.com stated that properties in some markets are being sold at a knock-down rate because the credit crunch has hit the level of demand.As a result, forward-thinking investors are snapping up these houses while they are undervalued.This means they can pick up a desirable property in a prime location for a relatively low price, and look forward to considerable capital growth when the market picks up again.Adam Samuel, a director of Nubricks.com, commented: "The professional investor will look at a climate like this with the potential to make even better returns."He added that since there is a lot of property for sale at the moment, people can take advantage of the... more