Send to Kindle
Bulgaria is among those European countries, where positive changes in the momentum of the housing markets were so feeble, that they hardly signal a recovery, according to the Global Property Guide. Photo by BGNES
Overseas Property and Investment News
There are indications some sectors of Bulgaria's real estate market are beginning to recover, albeit slowly.
A report by Global Property Guide highlighted Sofia as one of the few places in the country to see average home prices rise, citing figures from the National Statistics Institute (NSI) which revealed values were up 0.8 per cent over the year that ended in the first quarter of 2012.
However, the picture for Bulgaria as a whole is not quite as bright, with national property prices sliding by 4.3 per cent in the same period, the NSI figures showed.
According to the news provider, this still represents an improvement, as real estate values were previously declining more sharply.
A recent article in the Bulgaria property and lifestyle magazine Quest pointed out there are several reasons to be optimistic about the prospects for the nation's housing market - particularly following a change in the law.
From January 1st this year, it became possible for foreign nationals from the EU to own land and real estate in Bulgaria. Previously, any overseas purchasers had to conduct the transaction through a company.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
Eurostat data indicates that Greece (161.9%), Italy (137.3%), France (110.6%), Spain (107.7%), and Belgium reported the highest public debt-to-GDP ratios among EU member states by the conclusion of 2023
"Amnesty International" has released its annual report, shining a spotlight on Bulgaria's ongoing human rights challenges, including the erosion of freedom of expression, violations against the LGBT community, and the proliferation of hatred against ethni
Concerns are mounting within the European Parliament regarding potential Russian interference in the forthcoming parliamentary elections, coupled with apprehensions surrounding Russian-owned properties in Bulgaria
A recent survey conducted by the sociological agency "Trend," commissioned by "24 Chasa" and "Nova Broadcasting Group," sheds light on the current political landscape in Bulgaria ahead of the upcoming elections
A recent study conducted by the sociological agency "Global Metrics" on behalf of UNICEF Bulgaria and the Ministry of Health sheds light on the attitudes of Bulgarian parents towards vaccination
Brazen Bulgarian gangs "terrorise the elderly and rob them over their life savings with increasingly aggressive phone scams nettling millions of euros," according to an AFP story.
The prospect of US President Donald Trump's moving closer to Russia has scrambled the strategy of "balancing East and West" used for decades by countries like Bulgaria, the New York Times says.
Bulgarians have benefited a lot from their EU membership, with incomes rising and Brussels overseeing politicians, according to a New York Times piece.
German businesses prefer to trade with Bulgaria rather than invest into the country, an article on DW Bulgaria's website argues.
The truth about Bulgaria and Moldova's presidential elections is "more complicated" and should not be reduced to pro-Russian candidates winning, the Economist says.
President-elect Rumen Radev "struck a chord with voters by attacking the status quo and stressing issues like national security and migration," AFP agency writes after the presidential vote on Sunday.
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
