The number of property deals completed in the first half of 2009 across Bulgaria has shrunk by over a third year on year.
Bulgaria is still favorite real estate destination for Russian citizens, as 29% of Russians have been interested in the properties market of the Balkan country.
Banks in Bulgaria are increasingly refusing mortgage loans for "Greenfield" apartments, i.
A large number of Romanians have decided to purchase real estate properties in Bulgaria or Hungary.
The Bulgarian residential market will be impacted severely for quite a while until the results of the overbuilding in the country in the recent years are absorbed.
The number of real estate deals in Bulgaria has declined substantially in the first half of 2009 to the extent that the market is back to the 2005 before it experienced a steep growth.
The number of newly built houses in Bulgaria is expected to drop by 25% by the end of 2009 year-on-year.
The residential real estate prices in Bulgaria are down nearly 10% during the second quarter of 2009 compared to the first one.
The prices of the residential properties in Bulgaria are going down faster than the rents, so experts recommend buy to let.
In the next 5-10 years, Bulgaria will face a near apocalyptic situation with its economically unprofitable hotels which will be shut down, deserted, or even plundered.
Average asking sales prices of residential property in the Bulgarian capital Sofia fell by 14% at the start of the second half of the year on an annual basis, data of the realtor Colliers International Bulgaria shows.
Bulgaria is the most popular destination for Russians seeking to buy real estate property abroad.
The second part of "Tsarigradski" Complex, Bulgaria's largest gated community-type complex, was opened in Sofia Thursday.
Black Sea Gardens, the EUR 1 B project for a mega vacation center on the Bulgarian Black Sea coast, has been frozen.
The effects of the global economic crisis and mismanagement of investments have worsened the situation on Bulgaria's real estate market.
Bulgaria has been ranked as the fourth top destination for real estate investments globally in a survey of the properties website Simplyzigzag.
Rental levels on the office real estate market in Bulgaria are slightly lower than the ones registered at the end of 2008 and range between EUR 10-15 m2/month, shows data of realtor Colliers International.
Bulgaria's energy tycoon Hristo Kovachki has acquired as a concessionaire the old bathhouse in the southern city of Blagoevgrad.
The Irish Blackwater Homes company, investor in the Bulgarian Black Sea coast, has filed for Court protection.
Bulgaria's first Class A office building, known as Building A02, located in the Sofia Airport Center (SAC) development, has been topped out, the investors, Tishman International Companies and GE Real Estate Central & Eastern Europe, announced on Monday.
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