12.02.2015 Bulgarian property on the Rebound
www.propertyshowrooms.com, February 12, 2015
Demand for properties in major cities is set to continue during 2015, particularly in the commercial real estate market, on the back of a record year for foreign investment in Bulgaria. Deals involving offices, malls, hotels and plots of land reach record volumes, contributing €239m to the Bulgarian economy in 2014, according to research by Cushman & Wakefield.
Demand for commercial real estate in Bulgaria saw major growth last year, largely due to recovery in its property market and the opportunity to acquire quality assets at rock-bottom prices.
Prices are currently at levels from 10 years
Polina Stoykova, managing director of Bulgarian Properties said: "An important element of the new market reality is the return of confidence in the property market. More and more buyers are thinking of buying property because real estate is a safe real asset and good investment. This understanding coincided with a very favourable moment in the property market development because real estate prices are currently at levels from 10 years ago and respectively, the properties are much more affordable. We could also add to the picture the improved mortgage conditions now offered by the banks".
Bulgaria's property market recovery is set to continue through 2015 with growing demand and weak supply due to limited new construction giving buoyancy to the sector.
Polina Stoykova expects the real estate market to be driven principally by Bulgarian buyers in 2015, including the segments that were traditionally dominated by foreign buyers such as property by sea and ski resorts. "We also notice a noticeable increase of interest to properties in Bulgaria by British buyers and we expect this trend to evolve in 2015," she said.
Apartments in Bulgaria's largest cities and resort areas will remain the prime target for both Bulgarian and foreign investors in 2015. Property prices in the country are expected to stabilise and see modest growth as Bulgaria consolidates its recovery during the year.
View our properties for sale in ski resorts
Read more news
The island of Saint Anastasia will welcome guests with folk rituals for health and fertility in the first edition of the "Bile Fest", a heraldic festival, announced Burgas Municipality.
More than 50 participants will take part in the event with herbs and healthy foods, curative extracts and ointments, and will show the authentic ways of preparing them.
The accompanyin... read more
Following a strategy for presence with our own offices in all major cities and resorts in Bulgaria, we are most pleased to announce that we have opened a new office in the coastal city of Burgas!
It is located in a modern office building in Lazur area with address:
5, Adam Mitskevitch Str., etrance B, fl. 2, office 2
Burgas Office on the map
Tel: +359 56... read more
The television tower, located on "Dragan Tsankov" Blvd, will be open to Sofia residents and guests.
It offers views of the capital from 106 meters high. The facility is located on the boulevards "Dragan Tsankov" and "Peyo Yavorov" and was opened in 1959 and has 14 floors.
The television tower is privately owned and is now open to designers.
According to... read more
The German carmaker Volkswagen relies on electromobility. By the end of this year, the production of "Volkswagen I.D." will begin.
As a result, the company will also build a new factory in Eastern Europe, and Bulgaria is also among the candidates, reports Deutsche Welle.
... read more
All photos, texts, video clips, charts and banners on our website are property of our company or of our partners and are protected by the Copyright Act of the Republic of Bulgaria. Any unauthorized use of photos, texts, videos and other materials from our website by third parties will be subject to immediate claim on the part of the copyright owners. The information on our website is with information and advertising purposes. Alhtough we have made all efforts to provide accurate information, there may be some mistakes. For full and correct information is considered only the information received at the offices of Bulgarian Properties Ltd.