Mon, May 20 2013
On face of current trends, the industry could see an annual drop of 25 per cent in the number of new construction projects in 2009 compared to the year before, estimates from Arco Real Estate show.
House prices in Bulgaria in the first half of 2009 were 23 per cent lower than those in H1 2008, with decreases higher in towns where properties were overpriced, real estate company says.
Average selling prices in Sofia have tumbled by 22.19 per cent year-on-year from January to June, 21.9 per cent in the coastal city of Varna, 19 per cent in Bourgas, also at the Black Sea, and 18.7 per cent in the second largest city of Plovdiv.
A survey of cities around the globe in June 2009 placed Sofia as the 13th most expensive city in Europe in which to park, and 38th in the world.
Investors realise that it’s not viable to have a building remaining empty over the course of a year – so it's better for them to employ more flexibility to offset that loss.
BalPEx and BalREact exposition to be held at Inter Expo Centre in Sofia from April 24 to 26.
Worst is over for Bulgaria's property market after three years of decline, reports by Yavlena and Bulgarian Properties real estate firms claim.
Draft law envisages professional association for real estate agents and a public register of real estate companies to bring order to the business and get rid of rogues and rip-off artists.
Landmark Centre Varna’s financial reports show its largest debt is an investment loan of 6.9 million euro issued by Eurobank EFG Bulgaria in mid-2008 and secured with a mortgage.
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.