Real estate prices in Bulgaria's capital Sofia saw a nominal annual increase of 2.
The market prices of dwellings in Bulgaria increased in the last three months of 2014, according to a study of the National Statistical Institute (NSI), which was released on Friday.
As many as 500 000 properties in Eastern Bulgaria are owned by Russian citizens, the country's General Consulate in the country estimates.
Russian citizens have increasingly started to settle in the peripheries of Sofia, near mountain Vitosha.
Businessman Vetko Arabadzhiev is poised to become the new owner of Kempinski Hotel Zografski, also known as "the Japanese hotel", media reports suggest.
The market price index of dwellings for Q3 2014 compared to Q2 2014 was 99.9%, i.e. the average decrease of the market prices of dwellings was 0.1%, according to Bulgaria's Statistical Institute.
Investment in commercial property in Bulgaria have increased by 60% on the year to EUR 98.7 M in the first nine months, according to data from real estate advisers Forton.
Property prices in Sofia and Varna last month were higher than they were a year earlier but still well below the pre-crisis peaks of 2008, a real estate consultant has said.
The mega-opening of Mega Mall Sofia attracted tens of thousands of visitors on the event’s first day on Friday.
Rents and capital values in Bulgaria and Hungary are expected to rise over the next 12 months, the London-headquartered Royal Institution of Chartered Surveyors (RICS) has said.
The Ukraine crisis and the sanctions against Russia are already affecting Bulgaria's vacation properties sales on the Black Sea coast, reports Investor.
Bulgaria is still at the forefront of preferred destinations for Russian-speaking real estate buyers, an investment company says.
At least BGN 200M higher levels of cash flow were recorded on Bulgaria's property market by the end of June and the beginning of July, 2014.
Rental rates of class A office space in Sofia have reached EUR 13 per sq.
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