Interest In Bulgaria Office Property On The Rise 07/03/2008
International and Bulgarian companies alike are increasingly interested in the purchase of quality office property in Sofia. The tendency for companies to get office spaces in apartment buildings is becoming less valid. Though the price of property in office buildings tends to be higher, these guarantee various benefits apartment buildings cannot provide, Dnevnik newspaper reported. Quality office areas in the central part of Sofia are getting fewer. This lower supply produces some new developments. An increasing number of companies look for office spaces alongside major boulevards in other parts of the capital to ensure easy travel and communication. Some of the more important projects in the sector at the moment include Europark, an office building of the A-type. Most of the... more

Law On Regional Development Passed On First Reading 14/03/2008
A new territorial scope of regions in Bulgaria in accordance with the requirements of Regulation (EC) on the establishment of a common classification of territorial units for statistics is prescribed by a Regional Development Bill, which Parliament approved on first reading on March 6, Bulgaria News Agency (BTA) reported. The bill preserves the defined types of regions for targeted impact, and their specific territorial scope is defined by a regional strategy for development, the Council of Ministers said in its reasoning for the bill. The adoption of a new regional development law is based on the need for substantial change of the national legal framework in the field of regional policy and regional development in accordance with the conditions of Bulgaria's full EU membership.... more

Figures Indicate Increase In Bulgaria Rental Demand 29/11/2008
Rental yields in Bulgaria have been increasing throughout 2008, new figures have suggested.A report published by the Address Real Estate Agency has found that there has been a 12 per cent average growth in the country's property rental market between January and October, with demand for two-bedroom flats increasing by 14 per cent.The credit crunch and the resulting fall in demand for property to buy in the country has been attributed to the increase in rents, with the port town of Varna seeing the greatest jump in rental rates, up 13 per cent, while Sofia experienced an eight per cent climb.However, investors considering buying property in the country may wish to avoid purchasing one-bedroom flats, as rental yields for these homes fell by six per cent.Property Wire recently suggested... more