Bulgaria Real Estate Market Offers Fewer Price Cuts
Sellers of real estate properties in Bulgaria reduce prices less and less while prices in the largest cities show fewer reductions.
Sellers of real estate properties in Bulgaria reduce prices less and less while prices in the largest cities show fewer reductions.
Bulgaria's property market has registered an August increase of 2% to 3%, the Chair of the National Real Estate Association, Lachezar Iskrov reported.
The economic crisis has led Romanian buyers of real estate to withdraw from Bulgaria's Danube city of Ruse.
The housing prices in Bulgaria's Black Sea capital, Varna, are down by nearly 40%, according to the www.
The momentum in Bulgaria's real estate boom continues despite the financial crisis with the number of newly constructed residential buildings marking a 24% increase in the second quarter of the year, official data shows.
The drop of real estate prices in Bulgaria has started to slow down, and the properties market in the country will reach its lowest point in 4-5 months.
Impoverished foreign citizens have started to sell the properties they recently bought along Bulgaria's Black Sea coast.
A piece of land plot in the Bulgarian capital Sofia has been sold for the record price of EUR 10 333 per square meter.
Plenty of empty offices have become available in the Bulgarian capital Sofia as a result of the booming construction in the recent years followed by the economic crisis.
Bulgaria's construction projects have seen a substantial decline in the second quarter of 2009 ranging from 32% for residential buildings to 30% for business buildings.
772 hotels all over around the county are currently for sale on the Bulgarian real estate market.
204 hotels are currently up for sale on the Southern Bulgaria Black Sea coast according to real estate agents in Burgas.
A Sofia notary has uncovered an attempt of property fraud in which the owner of an expensive property produced false inheritance documents to try to con an Italian citizen.
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.
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