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01.10.2008 Bulgaria Residential Real Estate Still Considered Solid Investment
www.novinite.com
Stoev spoke before Darik radio on Wednesday.
The expert forecasted that the vacation properties segment would be the one to bear the effect of the financial crisis the most, adding that the ordinary Bulgarian counts mainly on his home as savings, followed by bank deposits.
"This leads to the question - what is going to happen with the real estate market and the stability of the bank system in the country. The vacation property market has always been and will remain a risky investment. At the moment of a liquidity crisis, the first projects to be blocked or discontinued would be precisely those from the "second home market," Stoev explained, adding that residential properties in big cities remained a solid investment.
The economy expert further reassured bank customers in Bulgaria by saying that they should not worry about their deposits and something bad happening to them since he did not see any current problems with the stability of the bank system in Bulgaria.
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29/February/2012
BULGARIAN PROPERTIES
Varna Airport is announced to open on 29.02.2012 and it is ready to welcome guests and tourists from various destinations. The airport will renew operations after it was closed for a few months for renovation.
The project of Fraport Twin Star Airport Management for renovation of the airport pistes, in which the company invested nearly 40 million BGN, sgarted on 15th Oct, 2011. The ... read more
03/February/2012
Human Capital, 01.02.2012
Last year prices of properties in Bulgaria fell by an average of 8% year-on-year. This is what the market analysis of Bulgarian Properties shows. To compare, the average price drop in 2010 was 8.3% and in 2009 – 36%. Thus the decrease of real estate prices in Bulgaria is gradually slowing down and real estate agencies hope it will stop this year. At the same time the number of concluded deals arou... read more
01/November/2011
24 Chassa, vol.296, 31.10.11
Amusement – this is what the new and the already existing malls in Sofia and the country are focusing on after the consumption of clothes, shoes and home goods decreased due to the crisis. For example, the new mall which is being built in the quarter of Lozenets is announced as a lifestyle mall. Apart from famous brand shops, restaurants, coffee shops, a bowling hall, an arcade, a gym, and a cinem... read more
13/January/2012
Knight Frank
The Knight Frank Global House Price Index*, which tracks the performance of the world’s mainstream housing markets, showed zero growth in the three months to September. This was the index’s weakest performance since Q2 2009.
The third quarter saw mounting pressures on the global econom... read more
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