Malls In Bulgarias Capital Threaten Open Markets Existence 13/03/2008
The construction of large retail areas and modern trade centres puts under question the existence of small shops in the residential areas of Sofia. Shop owners are still optimistic and seem to be doing nothing to keep customers, whose number decreases with every newly opened mall, Capital weekly reported. The shops' tenants are constantly changing but the owners still refuse to lower prices, a saleswoman in Sofia residential district Mladost said. The average rent for a small shop in Mladost is 20 euro per sq m while one can find a 'decent' ground floor shop in the centre for less than 15 euro per sq m. The demand for ground floor stores increases in the centre and in the residential districts. Deals,however, are rarely completed as owners want 20 per cent higher rent... more

7% Raise Of Tourism Incomes In 2008 21/05/2008
7-8% raise of incomes from tourism is expected for this year, the State Tourism Agency chairman Anelia Ktushkova announced. Krushkova is in the ‘St. St. Konstantin & Elena' resort for the official opening of the summer season. Merits of this conclusion give the registered to the moment vacations. The tourism incomes for the last year are 2, 284 billions EUR, which makes 10% more than the common amount for 2006. Over 5 million foreigners have visited Bulgaria in 2007, as the EU tourists' raise is 51,6%. They consider Bulgaria as a secure tourism destination, Krushkova declared. That will be task number one of the State Agency of Tourism - to assure peace of mind of the tourists. The income from foreign tourists for the first 3 months of the present year is 291, 4 million... more

Lot Price Increase In Bulgaria Gains Momentum 13/03/2008
The price increase for lots usually happens at a slower pace than the one of other real estate, but in 2006 site prices in Bulgaria increased with almost the same speed as the residential property prices. Increase in the lot prices had an impact on the prices of all other real estate, 24 Chassa daily said. A differentiation in site prices increase had begun in Sofia in 2006. The value of some lots had raised by five to six per cent, while prices of others reached an increase of 15 to 17 per cent, imoti.bg said. Location and investor interest had bigger impact on price change then the supply. Foreign investors interest in real estate made a number of owners offer their property for sale, 24 Chassa said. The most expensive lots were offered in the centre of Sofia. Price of a... more