Plot for sale near Balchik - ID 3881

Hungarys Scd Holding To Expand To Bulgaria, Romania, Croatia 26/05/2008
Hungarian property developer SCD Holding unveiled plans to expand to Bulgaria, Romania and Croatia, Hungarian newspaper Napi Gazdasag reported on May 21, as quoted by bbj.hu. In Bulgaria, in particular, it would hone its attention to office and commercial property, the newspaper quoted SCD spokesperson Peter Elkan as saying. In Romania it will focus on residential property and in Croatia on tourism. In addition, the company, which plans to list on the Budapest Stock Exchange in the third quarter of 2009, also divested Interfruct Kft Cash and Carry, a 24-unit retail chain, to financial investor Calslane Holdings. The value of the transaction was not disclosed. The company, which rejigged its strategy last year, plans to form project companies for its projects in individual countries... more

Prices Of Bulgaria Real Estate To Grow 15% In 2008 - Report - Sofia News Agency 27/05/2008
The global real estate company ERA has predicted a 15% increase in the prices of real estate properties in Bulgaria in 2008. According to ERA, the number of real estate deals in Bulgaria in 2007 grew between 4% and 5% to reach a total of about 325 000. 25% of the deals were made by foreign buyers. Two-room apartments with an area of about 60 square meters remain the residential property of greatest demand on the Bulgarian market, the ERA research shows. Bulgaria's annual increase of the residential credits is estimated at 62%, with an average annual increase of 7,1% in the Eurozone. The most preferred loans in Bulgaria are for EUR 30 000 with a 25-year repayment period. ERA's research on Romania has found that the real estate prices there would go up at about the same rate... more