Bulgaria business property deals contracted sixfold – Forton
Office rent transactions peaked at 65 000 sq m between July and September 2008, but collapsed to 10 700 sq m in Q3 2009, Forton manager Sergei Koinov said.
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Sun, Nov 22 2009
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Luxury real estate prices in Bulgaria slump by 40% - study
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.
Bulgaria's construction sector facing 'survival year' in 2010 - Minister
About 30 000 to 35 000 people employed in the construction sector were facing redundancies in 2010, Bulgaria's Regional Development Minister Rossen Plevneliev said on October 26.
Housing prices in Bulgaria fell 28 per cent year-on-year – official
Average market prices of housing in Bulgaria dropped five per cent in July-September, measured quarter-on-quarter, the National Statistical Institute said on October 23 2009.
Key interchanges in Sofia will be constructed with European Investment Bank loan
The European Investment Bank (EIB) has released a 43.5 million euro loan to Sofia Municipality, for infrastructure projects worth 88.1 million euro in total
Construction of 160 000sq m of office space in Sofia stalled
Complexes exceeding 900 000 sq m of new office space are currently under construction in Sofia, but many of them will be slashed.
Selling greater Budapest to Europe
Expo Real is the largest European commercial property trade fair. Today the heart of the trade fair is beating in the same rhythm as the heart of the industry, i.e. considerably less excitedly than in previous years.
Bulgaria ups property tax
The Bulgarian government gave the green light to a proposal to raise the maximum property tax rate from 0.2 per cent to 0.25 per cent of the property appraisal.
Eurohold Bulgaria sells Avto Union Centre for 27.3M euro
Eurohold to use 16.8 million of the proceeds to extinguish its financial obligations with Piraeus Bank Bulgaria, while 10.5 million euro will be invested in insurance and vehicles.
Economic crisis drives one in four Bulgarian builders out of business
As many as 1550 out of 5820 firms have not confirmed registration with the construction chamber as at September 1, which is a mandatory requirement to continue operations, construction chamber executive director Ivan Boikov said.
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