Property investment in 2004 nearly doubled its value and produced revenue for the owners. A number of real estate projects evolved and statistics show an increase in the number of deals concluded. Since the middle of 2005 the property market began to calm down, mediapool.bg reported. Analysts said property prices could start decreasing. The Sofia property market offers various buildings, some of which still under
Sofia municipality will be presented as an investment destination during the first international specialised property fair Real Vienna. The fair starts on May 31. It would focus on investment opportunities in Souteast European countries and on new market tendencies, Bulgarian National Radio reported. Property seekers are interested in opportunities in Eastern European destinations like Bulgaria, Russia and
The state failed to impose efficient measures to prevent hotel construction growth in Bulgarias seaside resorts, resulting in a decrease in prices and demand. As the state proved incapable of restricting new construction in the resorts, the private sector found another way of dealing with the problem, starting to explore tourism possibilities in areas away from the large resorts, Capital newspaper said. Hotel
Bulgaria remains real estate hotspot, despite EU criticism over reforms failure, market analysis shows. Spain and France are losing some popularity, Dnevnik newspaper reported. The majority of property seekers are now turning to Southeastern Europe. The international property market is slowing down, yet Southeastern Europe would maintain the high number of buyers, analysis shows. Infrastructure
Property market tendencies show lower prices influence the choice of real estate buyers most, even if the quality is poor and the apartment needs urgent repair. Property agencies statistics about foreign investment are controversial, Darik Radio reported. Predictions of a boom in the number of foreigners purchasing construction plots turned out false. Deals with foreigners were less than six per cent, Darik
Sofia municipality is planning to offer on concession the terrain below National Assembly Square. The terrain would be used for the construction of an underground parking lot, mediapool.bg reported. According to plan the plot would be given to a concessionaire for a 35year period. A twolevel parking lot would be constructed. Its capacity would be 203 vehicles. The potential investor would use own funds for
Bulgarias questionable EU future causes concern over the future of the countrys property market, Assetz reported. The property market experienced growth since EU membership talks began in 2000. Since then, the purchase of property in Bulgaria became increasingly popular investment opportunity. Interest toward property both in the capital of Sofia and in seaside and mountain resorts was on the rise. Bansko
The coastal resort Sozopol is the Bulgarian region with highest demand for real estate. 24 Chassa published a survey by imot.bg ranking Bulgarian regions based on the property demand. Sozopol offers over 400 plots for hotel construction and prices vary from 20 to 150 euro a sq m. The seaside resorts of Tsarevo and Ahtopol are also among the high demand regions. Prices are a bit lower, reaching only 120 euro a sq
Real estate agents in Bulgaria expect a price decrease once mortgage apartments are offered for sale. Prices might decrease by as much as 20 per cent, Darik Radio reported. National Real Property Association NRPA head Orlin Vladikov said the highest number of apartments in 2005 was sold in Sofia. A mortgage loan was used in 32 per cent of all purchases, Vladikov said. By the end of this year or in the beginning of
The latest property market tendencies in Bulgaria show the demand for stores on the capitals main boulevards is growing. Because of the high demand and scarce supply, monthly rents on Sofias Vitosha Boulevard reached 110 euro a sq m, Capital newspaper said. The situation was about to change with the opening of the three shopping malls in the capital, experts predicted. Many brands may like to open a second store