Sun, Mar 21 2010
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The most drastic decrease is observed in the prices of residential estates along the Bulgarian Black Sea coast. Falls are observed in all market sectors nationwide but Sunny Beach, Sveti Vlas, Varna and Bourgas are experiencing sharpest reductions.
People with fresh money are the new trend on the real estate market
After its successful acquisition of City Center Sofia in 2008, Heitman is considering stronger encroachment on the Bulgarian market.
Bulgaria was once again at the very 'top' of the negative chart, incurring a 30 per cent decline on an annual basis
The facility will cost up to 25 million euro
The deal is valued at 85 million euro and covers the Маll of Rousse and Mall of Stara Zagora projects. According to the seller's preliminary plans, it should be completed this year.
Experts believe that the the market will become increasingly flexible, benefiting buyers in the process.
Zekom firm run by Roman Romanov is accused of illegal property appropriation
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Real estate prices around the Bulgarian beaches are set with the mind that the apartments would be sold to wealthy tourists from England, Germany and the Scandinavian countries. It was then, before the settlement was over, which destroyed the charm of the Bulgaria black sea. Now the points UGLY, and the tourists will return a smaller and not recommend others to go there. Now prices will fall by at least 35% and adjusted to purchasing power from Bulgaria's poorest neighboring countries.
Don't know details but have heard that russians with their demand will still keep Bulgaria's market alive. Demand from UK is dead already for some nearly 18 months but developers still manage to sell smthg. That is a sign that will not be so hard, maybe this country will strugle and survive ! Big deal hunters with not needed land plots are biggest loosers !
Bulgaria's property market was hyped by "buyers & "invetors" from The UK. It's sad to say but the Britons brought only GREED instead of knowledge and the much needed insights to the people Bulgaria. Just like in many parts of Eastern Europe, the big spenders from the West are scared away. However don't be mistaken the consumers still have the money but why spend it in Bulgaria?
Anybody who thinks real estate in bulgaria is only going to drop 5-10% is smoking crack. Sorry to let you know this, but you can buy equivalent property in a first world country, with a stable political system, reliable power, without paying any bribes for 50% less than many of the properties in Bulgaria these days.
Dear marty saw a studio nessabar advertised 30 sqm 30000 eu ground Flore on the beach, try google search, might still be there,OK
what is the price of the studios in nessabar panorama beach