Shoumen Properties for sale

Eurelated Property Price Boom Predictions Fail Coming True In Bulgarias Varna 12/03/2008
The price of property in the coastal city of Varna varied between 500 and 1500 euro per sq m,  head of the Varna real estate association (VANI) Dobromir Ganev said. Nearly 15 000 properties were offered for sale, said Ganev. The average prices were 700 to 800 euro a sq m, Bulgarian news agency BTA reported. Predictions of major price increase related to Bulgaria's EU entry have not become fact in Varna yet, said Ganev. The increase registered so far is one per cent per month. Ganev said that the demand for office property is expected to decrease. Office rent prices remain between four and eight euro per sq m. Price differences resulted mainly from the location of the building, said Ganev. After a price increase rents are expected to reach 10 to 15 euro per sq m. Some... more

A Record 2007 For Foreign Investment In Financial Intermediation 15/03/2008
Financial intermediation absorbed 1.741 billion euro in foreign direct investment (FDI) in 2007, up a solid 137 per cent year-on-year, central bank data shows. The upside came from the capital hikes performed by local banks and insurance companies and the large volume of intercompany credits, said experts. The biggest chunk of FDI - 37 per cent, was injected into real estate transactions, rental and business services. In nominal terms, it rose 41 per cent year-on-year to 2.158 billion euro. Construction attracted 12.4 per cent of FDI with 706 million euro in 2007, up from 466.4 million euro a year ago. Investment in the farming sector posted a whopping 229 per cent year-on-year growth to 50.8 million euro, mainly due to the low base. Farming still accounts for a mere 0.9 per cent of... more

Credit Squeeze Wrecks Trakia Highway Deal 15/03/2008
The global credit crunch may yet spoil the Trakia highway transaction, Standart daily reports. The Bulgarian-Portugal consortium, Trakia Highway Jsc, which was named as the highway concessionaire by the previous government, has experienced difficulty in securing finance for the infrastructure project. "I will ask concessionaries whether they have negotiated the loan necessary to bankroll the project within two weeks," said the regional development minister Assen Gagauzov, who signed a second annex to the highway contract on January 16, giving the consortium a 120-day period to find the resources for finishing the Sofia-Bourgas thoroughfare. Rumoured possible lenders include the Portuguese bank Espirito Santo, Switzerland-based Credit Suisse First Boston bank or the Swiss UBS. more

30m Euro Openair Mall Planned For Bourgas 11/11/2008
Developer ZBS plans to begin construction on the first open-air mall in Bulgaria in March 2009, website investor.bg reported on November 10. The investment in the new shopping centre is estimated at 30 million euro.The Strand mall would be built on a six ha plot near the highway to Sofia, next to a Baumax hypermarket, currently under construction. The open-areas will be built like pedestrian streets and will be covered in bad weather.Initially planned to open in the summer of 2009, according to ZBS' website, the mall is now scheduled to begin operations in 2010, investor.bg reported.Designed by British architecture and interior design firm GMW, The Strand's retail areas will total 30 000 sq m, with another 8000 sq m of pedestrian walkways and 26 000 sq m of parking space.ZBS expects to... more

Overseas Property Market To Attract City Money In 2008 19/03/2008
Overseas property will be the focus of City bonus investment next year as well as prestigious locations in the UK Property experts are confident that Christmas bonuses will still be spent on bricks and mortar, despite the gloomy outlook in the financial and property markets. However, it will be the overseas property markets and more prestigious locations in the UK that will benefit most. Despite forecasts that London's City workers might see their seasonal bonuses diminish by an average 16%, the pot still is estimated to reach Ј7.4 billion, and a substantial amount will be spent on property. But next year, property experts believe over 70% of the money invested in property will be channelled overseas. 'We have seen a 17% rise in enquiries this month, as workers focus on... more