House For Sale - ID 196

Eight Reasons For Bulgarian Property Depreciation 14/03/2008
Bulgarian property prices posted remarkable growth in recent years, propelled by a number of factors. The main driver of the boom has been the country’s accession to the European Union (EU). This drew a considerable amount of speculative capital, according to a recent analysis in profit.bg. Prices of Bulgarian real estate were significantly lower than the EU average and investors predicted, accurately, that Bulgaria’s development would emulate the examples of Poland, Czech Republic, Lithuania, Latvia and Estonia. The last three years saw a sharp rise of prices - in 2007 alone prices increased by 34 per cent, propelling the country to the top of world rankings in terms of price growth. However, the market cannot move inexorably in one direction. Usually a downturn follows a steep... more

Land Plots Worth 262m Euro Sold In Bulgaria In 2007 10/03/2008
Sales of land plots for construction in Bulgaria totalled 262 million euro last year, according to data of consultancy firm Real Capital Analytics (RCA), Pari daily reported on February 18 2008. The report includes data on the performance of office, retail, hotel, industrial space and buildings plots on real estate markets worldwide, but only for deals above 10 million US dollars. In Bulgaria, RCA registered 10 large-scale purchases of plots for the construction of office buildings, which accounts for more than 30 per cent of the big deals in the country. This speaks well for a continuing entrepreneurial interest in this sector, Pari daily said.   Retail segment remained dynamic as well, with the volume of land purchases estimated at 472 million euro, double the amount in the... more