Bulgaria Cheap Properties

Price increases in the lodging property sector worldwide slowed down in the first quarter of 2008 to reach 6.1 per cent on an annual basis. But Bulgaria still heads the price hike, according to the Global House Price Index of UKs real estate company Knight Frank.The price increase registered in Bulgaria was 31.5 per cent for the first quarter of 2008, investor.bg said. Bulgaria also occupied first place in the same ranking for the last quarter of 2007 with a 33.7 per cent price increase.

On May 28, Nike Investment Group turned the first sod of their project Central Life City Estates in Sofias Tsar Simeon street. The development will have 27 residential and four retail units on total builtup space of 4000 sq m. Prices of the apartments in the development start at 1500 euro a sq m, but the final price will be calculated separately for each unit. Each residential unit has a garage and 60 per cent of them were

Real Estate Services Bulgaria, developer of retail complexes Mall of Sofia, Mall Plovdiv and Mall Rousse, announced plans to build a fourth retailentertainment complex in Stara Zagora, RESB said in a statement.RESB will be partnering with food processing company Gradus1 OOD, one of the leading companies on the Bulgarian poultry market. The 72 million euro project was showcased on May 27 in Stara Zagora to city officials, among them mayor of the town Svetlin Tanchev.

Sofias future Simeonovo River Park residential development will cost about 100 million euro to build, Ivo Koloushev, director of Bulgarian developer Litos, told SeeNews newswire.The company controls a 50 per cent stake in the project and the remainder is in the hands of an unnamed foreign investor.

Living standards in Romania were developing in greater harmony with the countrys property prices than in Bulgaria, Teodora Dimitrova, executive director of ERA Balkan Estate said at a news conference on May 26 2008. ERA is the first franchising network in Europe for property sale, Focus news agency said.On May 26, ERA announced its entering the Romanian real state market.

Rental prices in the city of Varna on the Black Sea were the highest in the country, local Narodno Delo daily said on May 26 2008.According to the paper, luxury apartments registered the highest increase, 22.1 per cent, compared to May 2007. Rents of unfurnished housing went up by 19 per cent, while furnished ones increased by 17 per cent.

Bulgarian authorities have issued 3505 construction permits in the first quarter of 2008, a decrease of nearly 25 per cent over the previous three months, data from the National Statistical Institute data showed on May 21.Residential developments continued to account for the largest share of the total, with 2267 permits granted for total area of area of 1.6 million sq m, compared with 2884 permits for 2.4 million sq m in the previous quarter. The number of permits for administrative buildings went down to 78 from 145.

Bulgarian authorities have issued 3505 construction permits in the first quarter of 2008, a decrease of nearly 25 per cent over the previous three months, data from the National Statistical Institute data showed on May 21.Residential developments continued to account for the largest share of the total, with 2267 permits granted for total area of area of 1.6 million sq m, compared with 2884 permits for 2.4 million sq m in the previous quarter. The number of permits for administrative buildings went down to 78 from 145.

Fast wealth accumulation and the aspiration toward higher living standards will shape demand on the real estate market in Bulgaria, Christofor Pavlov, chief economist at UniCredit Bulbank, told the Annual Summit of the European Bank for Reconstruction and Development in Kiev, Ukraine.The balance of demand and growth factors shows that prices of real estate will slowly ease in the next few years, according to Pavlovs report, made available to The Sofia Echo on May 19.

District: Tzarevo
Price Euro: €58,156
Price GBP: £46,874
Price USD: $92,951
Category: Apartments.
Area: 4 Floors
Extras: Electricity, Water, Pool.
Location: In Fishing Area, In vacation Place, Near town, On the sea, In Beach Resort.
The complex is located in the village of Lozenets right on the beach and it’s formed by two joint blocks with a private swimming pool.
In the beautiful village of Lozenets you will find everything that could […]