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06.03.2007 INVESTORS IN BULGARIA PREFER OFFICE PROPERTY MARKET
Sofia Echo
The total volume of major real estate investment deals in 2006 amounted to nearly 600 million euro, which is double the funds invested in real estate in 2005, Capital weekly reported.
Investment made in office space ranked first. The sale of Business Park Sofia was the biggest deal in the sector amounting to 180 million euro.
The largest number of real estate deals was made in Sofia. Nearly 15 per cent of the deals occurred outside the capital with the sale of Central Mall in Veliko Turnovo being the largest one.
The interest in Bulgaria's real estate market will remain unchanged in 2007 but the volume of deals will see insufficient increase, the specialists said.
Most of the investors are companies with long-term plans, looking to buy sites shortly before their construction is finished.
Agents’ forecast for 2007 is that more European companies and funds will be searching for opportunities to invest in low-risk products. Competition in the sector will, however, make them search partnership in the first stage of the projects to guarantee security if the property is sold.
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18/November/2011
after Capital Daily, 18.11.11
The Chinese state company Tianjin Agribusiness Company made its first investment in Bulgaria, the Bulgarian Ministry of Agriculture informed today. The company rented 20,000 decares of land in Bulgaria's Northwestern Region (near the town of Vidin) on which it will grow corn, forage, and sunflower. This is the first stage of the 10 million euro project as the company intends to invest 20 million e... read more
15/July/2011
Klassa Daily, vol. 1054, 14.07.11, extract
Bulgaria’s entering the Schengen zone will increase property prices in the country, say Russian analyzers. According to the Bulgarian embassy in the Russian Federation, which summarizes the data of the consulate office, the influx of Russian tourists to Bulgaria is expected to increase substantially in the summer of 2011. 50% more visa applications have been submitted in the first quarter of the y... read more
08/August/2011
BULGARIAN PROPERTIES
The Bulgarian government has decided to give the airport in Balchik to the Ministry of Transport, Information Technologies and Communications. The government intends to turn it into a civil airport.
At present Balchik Airport is an inactive military airport. The change in its function will improve the flight services along the Bulgarian Black Sea coast, especially during the high s... read more
20/March/2012
www.propertyshowrooms.com, 19 March 2012, excerpt
The value of real estate in Bulgaria has fallen by approximately 50 per cent since its peak in 2008, with both ski and beach resorts hit the hardest by the downturn in the market.
This is according to chief operations manager of Bulgarian Properties Polina Stoykova, who explained that,... read more
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