Shopping Malls In Danger 17/04/2008
The shopping malls market segment could face a crisis in 2010, Emanuil Santev, head of real estate department at Hypo Alpe Adria Leasing told participants at the second regional conference Balkan Real Estate Conference (BalREc) on April 15 2008, as quoted by Dnevnik daily. On the first day of the two-day conference held in Sofia's Kempinski Hotel Zografski participants could not find an answer whether Bulgaria's real estate market was going to suffer a serious crises. “In terms of shopping malls one could say that a crises is approaching because almost every big city in the country has a shopping mall or is in the process of getting one” Santev said. Another risky market segment was holiday complexes, Santev said. “It is expected that this market segment will be at a... more

Investment Return From Property In Bulgaria Goes Down 11/03/2008
The overall annual return from investments in Bulgarian property decreased to 44 per cent from the 104 per cent several months ago, a report of assetz.com said. Investors should take into consideration the slowdown and practical halt of market growth and the increasing competition in the rental market, Assetz warned. The annual property price increase slowed down from 36 per cent to 17.8 per cent and the prices rose by only 1.6 per cent, the report said. Only long-term investment would provide returns in the coming five to 10 years, because low prices would attract buyers, an Assetz representative said. Immediate investment return, however, should not be expected, the report said. more

British Tourists Flock To Bulgaria 05/06/2008
Rental investors in Bulgaria are seeing a surge in demand for tourist accommodation this summer, it has emerged. Online travel agency Lastminute.com revealed that the number of June bookings for the country is 151 per cent up on 12 months earlier. This means that some owners of holiday accommodation in Bulgaria will see higher occupancy rates this year, as well as greater rental returns. According to Lastminute.com, the increase in the number of bookings is partly because consumers in the UK want to avoid Euro 2008, which kicks off in Austria and Switzerland this weekend. John Bevan, managing director of the firm, commented: "It would appear that it is too painful for fans to stay home and watch Euro 2008 without their team competing." This comes after the Times said that... more