Land For Sale - ID 2020

Lewis Charles Fund Portfolio In Bulgaria Reaches 84m Euro 14/03/2008
Lewis Charles Sofia Property Fund Ltd has a portfolio of Bulgarian real estate developments worth 83.85 million euro, acquired at the cost of 43.1 million euro, with a total area of 567 950 sq m, the fund’s officials reported. Average residential price in Sofia stood at 927 euro a sq m in 2007, and in Varna it was 901 euro, according to Lewis Charles. The Sofia market will see a delivery of 1.4 million sq m of new residential units in 2008/2009, mostly offered off-plan, according to the fund’s analysts. They do not expect that new housing space will exert pressure on prices because the capital’s market is enjoying robust interest from new players. The trend will continue as infrastructure develops, according to Lewis Charles. Holiday properties in mountain resorts have seen higher... more

Prices Of Bulgarian Houses Grow Most In 2007 10/03/2008
House prices in Bulgaria registered the highest increase in the world in 2007, while those in the US were at a standstill and price growth in Europe slowed down, according to the Global Property Guide list. According to figures until the end of September 2007, Bulgarian house prices had risen by 30.6 per cent, BBC said. Second in the ranking was the Chinese city of Shanghai with house price increases of 27.9 per cent in the first 10 months of 2007. Singapore, Estonia’s Tallinn and Lithuania followed in the ranking, with price increases of respectively 27.6, 23.4 and 13.6 per cent. The figures were taken in local currency without adjusting for inflation, BBC said. more