4500 Sq M Building Plot - ID 2059

Bulgarian Property Sector To Post Even Growth In 2008, According To Deyan Kavrukov 14/03/2008
Bulgaria ranked third in the world in terms of property price growth in 2007. Average sale real estate prices rose by 36 per cent last year, whereas rentals posted a more modest mark-up of 6 to 7 per cent nationwide, reaching 10 per cent in Sofia. These figures were revealed by Deyan Kavrukov, a head of Bluehouse equity fund and a former partner in Equest, in an interview with BNT. The significant increase is propelled by various  factors:  ** steady domestic demand  ** robust investment growth  ** a rise in mortgage lending, which has been increasing by almost 100 per cent annually over the last years  ** GDP growth  ** considerable foreign demand for local property “The happy-go-lucky times of striking exorbitant profits out of property deals on the Bulgarian market have been gone... more

Property Investors Interested In Bulgarias Small Towns 12/03/2008
The number of property investors interested in carrying out projects in Bulgaria's small towns is growing, according to Bulgarian-language daily 24 Chassa. The newspaper said that major property contractors in Bulgaria had accumulated capital in recent years, and most had decided to re-invest it in smaller towns. Still, the main share in the small-town property market was held by local contractors making their first investments. The factors encouraging property investors to invest in residential property and complexes were economic stability and a high return on investment. Investors were also taking into account population migration, the newspaper said. The supply of property under construction increased in Veliko Turnovo, Blagoevgrad, Pazardzhik and Pleven. The price... more