22.01.2007 SOFIA OFFERS CHEAPEST RESIDENTIAL PROPERTY IN EUROPE
According to the research rental prices in Sofia are the lowest compared to the prices in other 40 European capitals.
Among neighbouring countries the most expensive is Turkey, where selling prices of apartments in Istanbul are about 2467 euro a sq m. Turkey is followed by Romania's Bucharest ( 2350 euro a sq m).
Bucharest' residential property selling prices exceed those in Brussels (2150 euro a sq m) and Athens (1833 euro a sq m).
Europe's most expensive capitals are Monaco where a sq m of luxury apartment could be bought for no less than 24 900 euro.
In Prime London prices of luxury property is about 14 522 euro.
However, Sofia is among the capitals with the highest yields in Europe - 10.56 per cent. Only yields Chisinau (14,13 per cent) and Warsaw (13,28 per cent) are higher. Because rental returns depend on risk to some extend, Europe's high yielding countries are in the east, Global Property Guide said. Other factors for high rental returns in a particular country are relatively recent arrival of the market economy, high interest rates and relatively underdeveloped mortgage markets.
Global Property Guide shares its concern about the fact that nowhere in Europe rents are keeping pace with the constantly increasing property prices. Rental returns about or below 4 per cent is considered to be "a danger signal". At the moment rental income return on apartment in Madrid is 3.15 per cent.
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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
Every third inquiry for a house around Veliko Tarnovo comes from the UK, according to data from one of the real estate agencies.
Outside the villages of Elena, Balvan, Vetrintsi and Musina, up to 25 km from the old capital, houses that need repairs can be purchased for just 10,000 Euro or even less. Fully renovated 1-bedroom or 2-bedroom houses in good condition with a large yard ca... 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
Thirteen beaches in Bulgaria and one marina have been awarded the world Blue Flag certificate for meeting stringent standards for quality, safety, environmental education and information, the provision of services and general environmental management criteria.
This year’s Blue Flag bea... read more
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