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22.05.2008 Sofia Property Market to Reach 25% Growth in 2008

For many years Sofia has somewhat lagged other CEE capital cities in terms of the level of price increases and the number of new residential developments taking place.

However, the situation changed after Bulgaria joined the EU and investor confidence in the country has grown markedly, Property Secrets analysts say. Perhaps as a result, Sofia has emerged from the shadows and is perceived as great investment opportunity, a truly emerging market set to grow fast.

One of the main reasons attracting the buyers to the market is the permanent growth potential combined with the possibility of long-term upward price trend.

Property Secrets claim that the property market in Sofia will grow by 20-25% only in 2008. The arrival of big international players is not only a sign that the market is developing, but that it is attractive to the investors as well. The mortgage market in Sofia is comparatively developed as the credit-value ratio is about 70-80%, the analysts add.

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The First "Bile Fest" - Herbs Dedicated Festival Will Be Held on the St. Anastasia Island in Bourgas


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

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Latest News
Airports in Varna and Burgas Add New Destinations


Six new year-long lines will be opened from Varna Airport this summer. New direct flights begin in July and will be from and to Paris, Cologne, Hamburg, Berlin, Copenhagen and Liverpool. This was announced today by the chief executive of Fraport Twin Star Airport Management AD Ulrich Heppe.

According to him, the forecast for this summer season is for a slight decrease of about 8% in... read more

Asian Festival Sofia 2019


The third edition of the Asian Festival will be held on Saturday, June 15th, 2019, from 10am - 8pm, in Borisova Garden, Sofia.

The main goal of the event is to bring the Magic from the East of Asia to the people of Bulgaria and the international audience in Sofia, organized by the joint efforts of the Asian Embassies and Diplomatic missions in Sofia:

Bangladesh, Peo... read more

12 Wine-Culinary Destinations of Bulgaria


The 12 wine-culinary destinations are digitized and available on the website of the Ministry of Tourism. They have been developed under the project "Share Bulgaria", which is jointly implemented by the Ministry of Tourism and the Ministry of Agriculture, Food and Forests.

The Interacti... read more