Land in regulation procedure - ID 3494

Sparkassen Plans 300m Euro In New Investments In Bulgaria 13/06/2008
Sparkassen Immobilien, the real estate arm of Austria’s Erste Bank, plans to invest up to 300 million euro in Bulgaria over the next two to three years, Friedrich Wahernig, member of Sparkassen Immobilien board of directors said on June 11. Its focus in the medium-term would be office and retail space. Additionally, Sparkassen Immobilien has remained keen on financing real estate projects in the region, Wahernig said. The company plans to divest of real estate investments in Western Europe and invest in Eastern Europe, Bulgaria included. The company has remained the leader on Bulgaria’s real estate leasing market with a market share of 36 per cent as of end-2007, Immorent Bulgaria, which represents Sparkassen Immobilien in Bulgaria, said in a June 10 statement. In 2007, the company... more

Plovdiv Market Demands Luxury Rentals 11/03/2008
Current monthly rents for luxury flats with a garage or parking place in Plovdiv averages 350 euro, according to an analysis of rental trends at the turn of the year, carried out by Europolis real estate agency. Two-room apartments in Plovdiv’s downtown and in Kurshiaka neighbourhood are sought the most. Three-room flats do not enjoy high demand and their supply is limited anyway, managing Daniela Dimitrova said in a statement. A new construction apartment or a lavishly furnished one can let out at 250-550 euro a month and old brick or pre-fab flat, as well as flats that have not been re-furbished, rent out at 200-250 euro, she added. There is a poor demand for unfurnished units on Plovdiv market, according to the Europolis report. Middle and low-quality units are not popular... more