Sun, Mar 14 2010
Photo: Julia Lazarova
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A state depositary bank to serve as custodian of all ownership transfer deals
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
With annual rental costs of 205 euro a sq m, or a monthly 17.08 euro a sq m, Bulgaria was number 54 out of 63 worldwide cities by 2009 levels, dropping from 49th place in 2008.
The new merged entity will operate as Colliers International in 61 countries around the world, Bulgaria included
lol EofE! seriously though... imagine paying 150,000 for 1 of those apartments! ive seen those get built like! 50,000 max! and thats if I had it spare! it takes a full day in that country to post a letter! and do the people behind the counters at 'info' points still look at you as if you just landed from outer space in the middle of their dinner when you ask for help? I used to find that very frustrating.
Unique estates are bound to say that as probably 95% of their listings are in that category (however for luxury read looks very nice but I wouldnt bet on it looking good a couple of years from now!)
"Most potential buyers are now opting to buy a luxury flat in the range of 120 000 to 150 000 euro or a single family home for about 500 000 euro, Unique Estates said."
Anybody who buys property at these prices in a corrupt, crappy third world country deserves the a$$ pounding they will receive.