Bulgarian Hotels Up for Sale over Unpaid Mortgage Debts
Unpaid mortgage has forced the sale of a hotel at the coastal complex Chaika, near the town of Varna, and its owners are looking for buyers, who will fork out a whopping BGN 2.5 M.
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Unpaid mortgage has forced the sale of a hotel at the coastal complex Chaika, near the town of Varna, and its owners are looking for buyers, who will fork out a whopping BGN 2.5 M.
Construction permits issued in Bulgaria in the second quarter of 2010 are up compared to the first quarter, but down on annual basis.
Property journalists have emerged as the latest hate figure in Ireland, most easily blamed by those who lost a fortune or who have been left with unsellable property in foreign countries, including Bulgaria, The Independent wrote.
Sofia, Bucharest and Warsaw are the three most expensive capitals in Europe when measured by the ratio of how much the average resident earns versus the cost of housing, a survey shows.
Bulgaria ranked 1st in the chart of a Russian website for interest of Russian property buyers abroad for July.
Apartments in the neighborhoods along the subway are the most wanted for renting in the Bulgarian capital.
The raging wildfires in the Moscow region are said to have a reflection on the demand of Russian buyers for Bulgarian real estate properties.
A record amount of new commercial space was opened in Bulgaria in the second quarter of 2010, according to a report of Forton International, a property advisory company.
The prices of real estate in Bulgaria will probably remain at their current level in the next few months, the head of the National Real Estate Association has announced.
Cleves, a luxury Sofia apartment rentals company, has acquired a brand-new 15-unit development in the Bulgarian capital.
The Sofia City Hall must revise their decision to bind the purchase of the land plot near the Russian Church with the sale of its share of the Central Market Hall, the NGO "Civic Committee for Salvation 2000," demands.
The Bulgarian Ministry of Regional Development has hired three top law firms to analyze all documentation related to the properties of former Tsars Ferdinand I, Boris III and their heirs.
Sofia's notorious Spartak swimming pool will still be used as a sports complex, but it will be managed by the City Hall, Interior Minister, Tsvetan Tsvetanov, announced Monday.
The average asking sales prices for residential property in Bulgaria continued to fall, though slightly, in the second quarter of 2010, official data shows.
The Sofia City Hall finalized Thursday the deal to swap its shares of the Central Market Hall and become the owner of the park near the Russian Church, both in the downtown of the Bulgarian capital.
Benchmark Fund Estates REIT, one of the biggest property funds on the Bulgarian Stock Exchange, is holding talks on the sale of its largest project, a business center on Sofia's Tsarigradsko Shosse Boulevard.
The leader of the right-wing Democrats for Strong Bulgaria Party (DSB), Ivan Kostov, voiced Wednesday the idea to turn the building of the Central Department Store in downtown Sofia into a museum.
Tishman International has presented the first commercial LEED-certified office building in Bulgaria, its newest Class A office building in the Sofia Airport Center.
Bulgaria's capital Sofia ranks third in the EU for drop of rent prices for outlets on commercial streets for the past three years, a research shows.
The stock of contemporary shopping mall space in Bulgaria doubled in the first six months of 2010 with the opening of five new shopping malls, reaching 452,000 sqm in total, a realtor report says.
The prices of real estate in Bulgarian cities still mark a trend of decrease, according to data from Bulgarian real estate agency Foros, with the biggest drop in Veliko Tarnovo and capital Sofia.
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