Bulgaria's Deputy Minister of Regional Development, Dobromir Simidchiev, admitted Tuesday that a mandate to have insurance on private buildings would not be accepted by all owners.
Earthquakes and torrential rains that hit Bulgaria in May have altered the real estate market with preferences now geared towards lower floors and panel buildings.
Bulgaria's Minister of Regional Development, Lilyana Pavlova, is calling for the introduction of mandatory insurance for private residencies and all privately-owned buildings.
Bulgaria registered the world's sixth-biggest fall in residential property prices during the first quarter of the year in an unnoticeable and feeble sign of optimism, a survey has shown.
Bulgaria's Defense Ministry is about to sell a number of potentially attractive real estate properties, according to reports.
Israeli real estate investment firm Gazit-Globe, which has projects in Bulgaria too, plans to raise about 175 million shekels (USD 46 M) in an offering of bonds and options for bonds.
Los Angeles-based Tishman International Companies, a leading international commercial real estate developer, has hosted its second annual "Tenant Appreciation Day" at the Sofia Airport Center (SAC) in Bulgaria.
Bulgarian property prices are largely expected to be unchanged in 2012 as real estate markets around the country remain at a standstill, brokers say.
The future Sofia Ring Mall – which is to become Bulgaria's largest retail and entertainment destination together with the closely located store of IKEA Bulgaria – is to be completed by July 2013.
The main office building of the business park Sofia Airport Center will be opened first week of September, the Bulgarian office of Tishman International announced Monday.
A few major retail openings and flexibility in formats have signaled the first signs of recovery on Bulgaria's retail market, according to a survey by Colliers International.
Property prices in Bulgaria's biggest ski resort of Bansko are in freefall and with the exit of British and Irish buyers, Russian investors now dominate the market, putting to good use their bargaining skills, a survey shows.
The Bulgarian market slumped to the 10th ranking of top worldwide overseas property destinations for the Brits, according to TheMoveChannel.
Bulgaria is among the countries, from which UK foreign-currency brokers are reporting a staggering amount of money being converted back into sterling.
The ownership of dams in the country must become clear in full, according to Bulgaria's President, Rosen Plevneliev.
The roof over the "Arrivals" terminal entrance of the airport in Bulgaria's second largest city of Plovdiv has collapsed during the night because of snow that has accumulated on it.
Bulgaria's capital Sofia has registered the highest decrease in the rent prices for prime office spaces among 53 European cities, a CB Richard Ellis report shows.
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