Agricultural Land In Bulgaria Among The Cheapest In Eu 26/04/2008
The price of the agricultural land in Bulgaria remains among the cheapest in the European Union, shows the statistics of the Community. This announced Ognyan Kalev, executive director of “Agro Finance”. However, the trend since 2004 is the land in Bulgaria to get more expensive. The fragmentariness of the agricultural land in Bulgaria is among the main problems for its reduced value, explained Kalev. According to him, the market is however, dynamic and the proof is the 55% growth in the number of sales in 2006 and 36% growth in 2007. The demand is mainly targeting the bigger lots. There is a price difference depending on the land category and size. With Bulgaria's accession to the EU, the land market has become much more attractive, claimed Kalev. He pointed also out that... more

Lidl Buys Plot In Pazardjik For Supermarket 17/07/2008
The local unit of German retailer Lidl has won a competition for a 4892 sq m plot of municipal land in Pazardjik, southern Bulgaria. The company plans for the supermarket to have a built-up area of 1500 sq m and 70 parking spaces.Lidl Bulgaria upped its bid on the plot to 1.722 million leva from the initial offer of 1.5 million leva. The company is to build the supermarket in nine months. As part of the deal, Lidl Bulgaria has undertaken to invest 350 000 leva in renovating the sporting venues of the nearby Hebar complex.The other candidates for the site were Immobilia Bulgaria Commerce, bidding on behalf of German retailer Plus Discount, and Rila Proekt on behalf of retailer Penny-Markt.Lidl is known for its low prices and minimal floor staff assistance; tactics like giving customers... more

Sales Of Mortgaged Property In Bulgaria To Increase Report 10/03/2008
Sales of mortgaged property in Bulgaria would increase in the next two years, according to a representative of Bulgarian real estate company Foros, as quoted by Dnevnik daily said. The property market was growing and the development of mortgage loans would boost an increase in sales of mortgaged property. Currently mortgaged property was offered mainly in Sofia. The risk of buying mortgaged property was low because the price of such property was 10 to 15 per cent below market prices, Dnevnik said. The mortgaged property offered for sale was most often newly-built or brick property in the central part of the city that had to be paid for in two or three years.   National Real Property Association chairman Orlin Vladikov said that the development of the mortgaged property... more