An Attractive Plot Near Sea - ID 1463

Investment In A Tworoom Apartment In Sofia Repays In 15 Years 14/03/2008
The purchase of a two-room apartment in Sofia pays off in about 15 years, according to Industry Watch’s calculations for the fourth quarter of 2007. Only three months before, i.e. the third quarter of last year, a similar investment paid off in 13 years and at the end of 2006 the repayment period was 10 to 11 years. Residential sale prices increase at a quicker pace than rentals, so accounting for the slowdown of returns on these investments, the think-tank comments. Rental levels cannot increase faster than the growth of average disposable income, Industry Watch analysts say, and they foresee that it will be one of the propellers for residential sale price correction. Housing will slow down its appreciation rate this year –  not forecast to exceed 15-20 per cent. The slight increase... more

One In Four Adults In Bulgaria Owns Farmland, One Third Leaves It Uncultivated 11/03/2008
One quarter of adults in Bulgaria own farmland, but about one third do not use it, a BBSS Gallup International found in a nationally representative opinion poll conducted among 1 010 adults in 115 Bulgarian settlements in July 2007. The results of the poll were disclosed in "24 Chassa" daily on August 8. The average amount of land owned is 1 hectare. Half of the land owners reside in rural areas, and the other half live mainly in small towns or regional capitals. One in ten landowners resides in Sofia. Rural residents make up about 30 per cent of Bulgaria's total population, according to Bulgarian news agency BTA. Three quarters of those who own farmland are over 50 years of age. Two in three are pensioners or unemployed, and one tenth are self-employed. One in two of... more