Bulgaria Cheap Properties

More than 30 000 Britons have invested in property in Bulgaria. The increased interest is due to the low prices and calm lifestyle in Bulgaria, which differs from that in UK, Daily Telegraph reported. The property market saw a purchase boom in the Black See coastal region as well as in the inner part of the country, particularly in the cities of Veliko Turnovo and Bansko, which is turning into a prestigious

Domexpo 2007 exhibition ended in Moscow on February 25. Nearly 40 Bulgarian companies took part in the real estate expo. A total of 270 participants took part in the forum. Queues of visitors formed because high number of people wanted to examine and select a property in Bulgaria, Bulgarian National Radio reported. Traditional destinations like Spain and Cyprus turned out to be less popular than Bulgaria at

The demand for uptodate warehouse facilities in Bulgaria is higher than the demand for residential property. High interest in modern warehouses resulted from the insufficient number of renewed such facilities, real estate consultant Colliers International said. The demand for warehouses will continue to increase in connected to EU food industry requirements. Supply on the residential property market is too

Construction of MallVarna in the coastal city of Varna will start in September 2007, former Mall of Sofia CEO Eli Egozi said. The mall should be completed by September 2009, Bulgarian news agency BTA reported. MallVarna will spread on 40 000 sq m and will include office buildings and a hotel, increasing the malls total area to 60 000 sq m. Investment in the project is expected to reach 100 million euro.

Sofia offered some good opportunities for investment in the property sector, chief architect Petar Dikov said. The land market has potential to develop, Dikov said. Though a zoning plan was accepted last year, it will be updated soon to give potential investors a clearer picture.Though some parties are beginning to say that the residential market is beginning to get saturated, I believe it is still quite open, Dikov said.

Stara Zagoras municipal council will stop the sale of a 9260 sq m area, where a 70 million leva trade centre had to be set up. A tender violation stands behind the decision. The municipality launched a tender to sell the lot in 2005. Two companies, local Agrosun and German Kaufland took part in the procedure, Dnevnik daily said. Agrosuns offer was higher, but was excluded from the procedure because of a sign offer

Though it was unpopular until 2003, the Bulgarian office property market is growing and is expected to evolve further, Landmark Property management board chairman Richard Macdonald said. Macdonald took part in the first ever property international press tour in Bulgaria. Sofia Echo Media and Central European Property Investment Forum CEPIF feature among the organisers of the event

Bulgarian and Irish investors intend to construct six villa settlements in Banite municipality, near the town of Smolyan in the Rhodope Mountains. Banite mayor Raicho Danailov said that the investors will provide more than 100 million leva for the project. Three of the settlements will be constructed near the village of Bosilkovo, on an area of 600 000 sq m. Two BulgarianIrish companies already purchased

Russian group of companies MIAN announced that it will construct an office centre in Sofia. Sergei Ozerov, general manager of MIAN said that the group had paid 10 million euro for a plot of 5000 sq m in Sofia.MIAN planed to construct an office complex of 24 000 sq m buildup area which should be opened in 2008, Bulgarian news agency BTA quoted Russian media as saying. The company is in a process of

During a ceremony on February 20, Mall of Plovdiv signed agreements with the companies that decided to rent space in it. Plovdiv mayor Ivan Chomakov attended the event, Bulgarian news agency BTA reported.Agreements with international cinema company Cinema City, supermarket chain Piccadilly, store chain TechnoMarket and restaurant chain Happy were endorsed. Mall of Plovdiv spreads on an area of 22