Land For Sale - ID 1475

Bulgaria Confirming Its Position As Important Property Market Segment 10/03/2008
Bulgaria's participation in the 58th congress of the International Real Estate Federation FIABCI showed that the country gains popularity as a serious segment of the international real estate market. The forum took place from May 28 to June 2 in Spain’s Barcelona, Focus news agency reported. Representatives of the largest companies in the sphere of real estate, financing and banking institutions took part in the event. The main subject was finance and information technologies on the international real estate market. Among Bulgarian participants featured real estate consultancy company Home for You. Company's manager Konstantin Bobchev introduced forum participants to opportunities for Bulgarian real estate market development and possibilities for real estate projects... more

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