06.03.2007 INVESTORS IN BULGARIA PREFER OFFICE PROPERTY MARKET
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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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
Bulgaria returns to the top 10 of the overseas property buying sites in 2019 in the UK aplaceinthesun.com rating platform, quoted by the newspaper "Bulgarian News". Bulgaria ranked ninth place in the chart preceded by Turkey, Florida, Cyprus, Italy, Greece, Portugal, France and Spain. Barbados, also a new country on the list, ranked the tenth place.
"It may be the European Union’s p... read more
Are you curious to learn more about the Sea Capital of Bulgaria?
In appreciation to all visitors of Varna, Varna Municipality, in cooperation with the Union of Bulgarian Tourist Guides, is organizing a free walking tour in English, 4 days a week!
Varna Highlights Walks are led by professionally licensed guides who are excited to share with you the city's history, loca... read more
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
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