Fri, Feb 10 2012
GVA Sollers Solutions estimated prices have shrank by 16.75 per cent, while Cushman & Wakefield pegged the decline at 23 per cent.
Alkomet's business partners are Germany, Italy, France, Poland, Austria, Belgium, Denmark and the Czech Republic.
Company to invest 30 million leva and create more than 500 permanent jobs in the region, it says. Ten other stores are under construction nationwide.
The vast logistical facility, complete with an administrative centre, freight procession, a bank and office spaces will be in operation by the end of the year.
A new building will house Bourgas municipality equipped with multi-storey car parks and access for the disabled.
Kavarna has a new trade-administrative complex - Kavarna City Centre, which started operating from January 2009. It had taken a little more than a year for Planex OOD to reconstruct and modernise the otherwise unappealing, communist-era concrete monster of a building in the centre of the town, and subsequently transform it into a modern steel and aluminium-glass structure, which has now become the new administrative and business centre of Kavarna and the surrounding region, Bulgarian weekly Strotelstvo Gradut reported on January 15.
A Government centre will be built on the area near the fourth km of the Tsarigradsko Chaussee Boulevard, known as the Poligona ("the range") neighbourhood, the Cabinet decided at its July 17 session. The land plot, used in the past to house a military unit and its barracks, is state property and is managed by the Bulgarian Defense Ministry. The Government centre would spread on 60ha, Defence Minister Nikolai Tsonev said after the Cabinet meeting, as quoted by Dnevnik daily. The initial plans envisions the construction of administrative buildings, hotels, residences for diplomats and sports centres.
Average market prices of homes in Sofia fell by one per cent in the fourth quarter of 2011 compared to the same period of 2010, according to the Raiffeisen Real Estate Index, as quoted by Klasa daily.
Proportionately, the number of transactions in leva increased as people reacted to speculation that the euro would disappear.
Nearly all banks are ready to finance between 80 per cent and 90 per cent of the price of a home, provided it is a good building in a large city, Bulgarian daily says.
Property prices in Bulgaria were five to 10 per cent lower in 2011 than in 2010, while initial estimates for this year are that they will remain largely unchanged, with transactions remaining at ‘crisis levels’.
Bulgaria’s capital city Sofia ranks 17th, report says, quoting Global Property Guide.