Fri, Feb 10 2012
Photo: Tsvetelina Nikolaeva
Company remains optimistic that Bulgaria's real estate market is stable, even in the luxury segment
Unless the city hall lowers the rent, the establishments face the prospect of staying closed for the summer season. Currently only three out of 26 are operational
Carrefour, Marks&Spencer, Kenvelo, Benetton, Adidas, Mango, Terra Nova, Intersport, Sport Depo, Mothercare, New Yorker and Starbucks, among many others, expect their customers at Bourgas Plaza.
The large administrative centre is part of major construction works surrounding Bourgas airport that will see a new terminal, thorough reconstruction of infrastructure, the demolition of existing buildings and the construction of a new administrative centre.
Carrefour opens the first of four stores planned for Bulgaria in Bourgas Plaza, the city's first shopping mall, which is due to open for business in the first week of April
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.
This is Good . Bulgaria is in EU.
But its look like War Zone
finally the property legislation is reaching "normal" European status !
in CE this is standard since centuries !