Sofia Housing Prices Plummet to EUR 500 per Square Meter
A significant fall of the prices of residential properties in Bulgaria has been registered in the first four months of the year.
A significant fall of the prices of residential properties in Bulgaria has been registered in the first four months of the year.
The number of construction permits for residential buildings in Bulgaria is 40% lower in the first quarter of 2009 compared to the previous quarter.
Bulgaria is participating in the international exhibit "Investments and Real Estate 2009" in Kuwait with its own exhibit pavilion.
Real estate prices Bulgaria's capital Sofia will drop by 12% in 2009, while those in the capital of neighboring Romania will see a 20% plunge, according to a report of Jones Lang Lasalle consultancy.
The number of newly built housing structures in Bulgaria increased by 8,5% in 2008 year-on-year reaching 2 926 for the year.
Industrial properties are the absolute leader on Bulgaria's property market, according to a research of Forton International.
There is no significant decrease in Bulgaria's real estate prices according to a report by the Bulgarian financial services company, FinCity.
The construction production in Bulgaria has increased by 7,3% in March compared to February.
ELANA Agricultural Land Opportunity Fund (ELARG) increased its turnover nearly 12 times for the first three months of 2009 year-on-year.
Wold renowned French architect, Dominique Perrault, has been selected to design the Sofia City Center.
Premeditated mistakes are committed in Sofia's cadastre map in order to illegally pay more money to certain individuals.
The mortgage loan market has shrunk 20 times just in the first two months of 2009, compared with the same period of 2008.
Prices for residential real estate in Bulgaria's 28 biggest cities and towns dropped by an average 12,4% in the first quarter of 2009 on a quarterly basis, data of the country's National Statistics Institute (NSI) showed on Thursday.
In February, the seasonally adjusted production in the construction sector in Bulgaria was the highest among the European Union (EU) Member States.
The average office space renting price in Bulgarian capital Sofia's downtown have decreased by 18%, imoti.net statistics showed.
Bulgaria real estate expert Shtelyan Kalchev said Tuesday that it is unlikely that Russian investors will be able to fill the gap UK buyers have left in the Bulgarian property market.
The construction market in Bulgaria is expected to shrink in 2009 after an impressive growth between 2005 and 2007, a report says.
A growth in supply of all types of property in Bulgaria and sellers who are not willing to cut asking prices describe best the current real estate market in the country,
Chinese billionaire, Yu Xin Su, wants to buy the Bulgarian town of Parardzhik because of the rice plantations that surround the town.
A Bulgarian real estate agency has received interest from Russian investors in over 300 properties in Sofia and on the Black Sea coast.
The global crisis has put on hold construction sites valued at over BGN 3 B just in the Bulgarian capital Sofia .
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