Bulgarian Housing Prices Again Up More Than 30 Per Cent 12/09/2008
Bulgarian home prices gained more than 30 per cent year-on-year in the second quarter of 2008, placing the country atop the global index of UK-based property consultancy Knight Frank, released on September 2.Meanwhile, the number of countries with a price decrease is increasing. Price growth is slowing down in Western Europe, unlike Asia and Eastern Europe, which have been enjoying an upward trend.Bulgaria topped the ranking in terms of housing price growth for a fourth quarter in a row.This result clashed with Bulgarian real estate agencies' data on a price slow-down since early 2008.Lower down on the Knight Frank list of price growth were Slovakia, with 31 per cent, and Russia, with 26 per cent.Second-quarter housing prices in the Czech Republic and Hong Kong rose by more than 25 per... more

Construction Ban Imposed In Bulgarias Protected Coastal Regions 11/03/2008
Environment and Water Affairs Minister Djevdet Chakurov would impose a ban on the construction in Bulgaria’s protected coastal areas located in the Emine-Irakli region. The ban would be in force for a period of one year. The protected areas are home of some rare wildlife species, a Council of Ministers press release said. Chakurov said that Nessebar municipality received 813 plans for construction in the region, including the setting up of resorts. If such projects were carried out unique species could become extinct, Chakurov said. The Cabinet approved an idea for the creation of a workgroup that would draft unified procedures code for future construction in the coastal areas. Representatives of the Environment, Regional Development, Agriculture and Economy ministries would... more

Over 29 Of Bulgarias Property Deals Involve Foreign Investors 13/03/2008
Over 29 per cent of the property deals concluded in Bulgaria in 2006 involved foreign participation, executive director of real estate company Asta Bridge Anton Pankev said. Nearly 66.87 per cent of all foreigners who bought property in Bulgaria came from UK, he said as quoted by Bulgarian National Radio. The British interest was attributed to regular flights between Bulgaria and the UK. Irish investors concluded nearly 13 per cent of the property deals in 2006. Americans were involved in six per cent of the deals, Germans in four and Italians in three per cent. Data showed that 39.93 per cent of investors were interested in winter resort property, followed by sea resorts with 31.13 per cent. The capital of Sofia attracted 8.11 per cent of property buyers, Pankev said. UK... more