Unregulated Plot Near The Sea - ID 1692

Bulgarian Farmland Funds Amass 71 000 Ha 27/08/2008
Bulgarian real estate investment funds (REITs) focused on arable land have accumulated 71 000 ha, according to the latest market data, which also showed that the biggest special purpose vehicles were boosting their market share.The biggest REITs were the most active buyers, while their smaller competitors were more cautious and purchase smaller plots. The three biggest REITs - Elana Agricultural Land Opportunity Fund, Advance Terrafund and Agrofinance, own 86% of the total land portfolio.Elana's fund owns 28 200 ha, just ahead of Advance Terrafund with 24 300 ha and Agrofinance with 8700 ha. In July, the Elana fund consolidated its new farmland plots at an acquisition cost of 2910 leva a ha versus 3590 leva a ha for Agrofinance.Advance Terrafund has agreed the best lease rates at 140... more

Investment In A Tworoom Apartment In Sofia Repays In 15 Years 14/03/2008
The purchase of a two-room apartment in Sofia pays off in about 15 years, according to Industry Watch’s calculations for the fourth quarter of 2007. Only three months before, i.e. the third quarter of last year, a similar investment paid off in 13 years and at the end of 2006 the repayment period was 10 to 11 years. Residential sale prices increase at a quicker pace than rentals, so accounting for the slowdown of returns on these investments, the think-tank comments. Rental levels cannot increase faster than the growth of average disposable income, Industry Watch analysts say, and they foresee that it will be one of the propellers for residential sale price correction. Housing will slow down its appreciation rate this year –  not forecast to exceed 15-20 per cent. The slight increase... more