Bulgarian Office Building Construction Sees 25% Increase in Q1, 2014
In Q1 2014, Bulgaria's municipal authorities have issued building permits for the construction of 1015 residential buildings, 44 office buildings and 917 other buildings.
In Q1 2014, Bulgaria's municipal authorities have issued building permits for the construction of 1015 residential buildings, 44 office buildings and 917 other buildings.
The rent of shops at Sofia's pedestrian Vitosha boulevard posted highest increase in Europe, shows a survey of the Colliers International consultancy.
For the first time in five years, construction in Bulgaria in 2013 posted a growth, shows the data of the National Registry of New Buildings and Reconstructions.
Sales of residential properties in the center of Sofia in Q1 2014 have doubled, compared to Q4 2013, shows data of the real estate company Adres.
The average price per one decar agricultural land in Bulgaria reached BGN 594 in 2013, which was 8.6% higher than in 2012, National Statistical Institute latest data reveals.
Two very different trends are observed in the real estate sales forecast in Bulgaria to Russian citizens during the spring - summer season.
The share of unoccupied stores in the Sofia shopping malls has dropped to 10.
Major players in the construction industry have cautioned about a bubble risk on the real estate market and in the construction sector in eastern Bulgaria in the next few years.
A Bulgarian real estate company expects that this year the English-speaking customers will return to the market.
The construction market in Bulgaria in 2013 showed signs of resurrection, shows an analysis of the National registry of new buildings.
The share vacant office space in Bulgaria's capital city of Sofia has dropped to 17.7% or just under 290 thousand sq.m. in Q1 2014.
Offshore companies can not acquire and have ownership of agricultural land in Bulgaria, according to the latest amendments to the Agricultural Land Ownership and Use Act.
An expert group will start working on tax on uncultivated lands by end-May, Bulgaria's Agriculture Minister Dimitar Grekov announced at a meeting with agricultural associations
The first quarter of 2014 saw active property sales in Sofia, shows the data of Bulgarian Properties.
The hotel project in Karadere will not get environmental approval, as the area is in two Natura 2000 zones, said Bulgaria's Environment Minister Iskra Mihailova.
The construction of the Black Sea Eco Garden Resort at the Karadere area will start in September 2014, said Minister of Economy and Energy Dragomir Stoinev.
Bulgaria is currently the tenth most preferred destination by Britons who want to purchase vacation housing.
More than 10,000 Russian citizens have become homeowners in Bulgaria in 2013 alone, according to Russian Ambassador to Bulgaria Yuri Isakov.
The Russian city of Sochi is losing its competitiveness for seaside property in favour of other countries like Bulgaria, due to high costs.
Some 11 million homes lie empty across Europe, according to figures collated by the Guardian from across the EU.
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