Costssale Price Ratio Does Not Favour Projects Beyond Sofia Engel East Europe 31/03/2008
No significant changes in prices or sale volumes in the Bulgarian property market have been recorded since the turn of the year. Prices will remain stable and are unlikely to increase by more than five to 10 per cent in 2008, Liron Or, Engel East Europe-Bulgaria's executive director, told investor.bg. Real estate prices in the country, and particularly land and plots, have appreciated significantly. Currently, they account for as much as 35-50 per cent of the end sale price of enterprises developed on the plots. This is too large a share, compared to the average of 25-40 per cent in most European countries, Liron Or explained. In light of the global credit squeeze, which will not have a tangible impact on Bulgaria in the short-run and the latest changes in the Eastern... more

Expats Need Financial Advice 11/04/2008
People who are preparing to buy property overseas have been advised to get expert advice about their finances. ShelterOffshore.com said it would be prudent for prospective expatriates to make sure they are familiar with how living abroad will affect financial matters such as tax payments and pensions. The website stated that if people are concerned or unsure about any of these issues, they should consult a professional. This was said to be particularly important for older people who have decided to spend their retirement years overseas. ShelterOffshore.com said that since they will not be working in their new home, they need to actively demonstrate to the Inland Revenue that they are now permanent residents of another country. The website commented: "You have to ensure you... more

Colliers Concludes Transaction For 22 000 Sq M Warehouse In Bulgaria 10/03/2008
Colliers International Bulgaria announced on November 7 2007 that it had concluded, what it called the largest ever logistics and industrial transaction in Bulgaria for 22 000 sq m warehouse space in Bulgaria's capital. The deal was for a warehouse space and logistics centre at the industrial park Sofia East for distributor Kaven Orbico, a Colliers media statement said. Industrial park Sofia East is an industrial development project in the Elin Pelin municipality, around 20 km from Sofia. Atanas Garov, managing director of Colliers Bulgaria, said, “I am very proud that our Industrial and Logistics team has made history in Bulgaria with this landmark transaction.” The centre would be developed in three stage within as many years and would gradually be occupied. When completed,... more