Dozens of Irish customers of MacAnthony Realty International (MRI), an overseas property company owned by Darragh MacAnthony, have said that furniture they bought for their apartments has not been delivered and that the company has refused to refund them.
There will not be a mortgage meltdown in Bulgaria in 2010 according to the Chair of the Chamber of Private Bailiffs, Georgi Dichev.
Residential properties in the Bulgarian capital Sofia could fall by another 10% this year followed by a period of stabilization, according to analysts.
The police from Bulgaria's Black Sea town of Nessebar used force Monday to disperse protesting students and educators from the Sofia Sports Academy.
Irish property investment company West Incorporated has acquired the so called Telephone Palace building in Sofia, one of the most significant landmarks in the very heart of Bulgaria's capital city, the company announced.
The construction of a new business center described as the first Bulgarian skyscraper started in Sofia Friday with Regional Development Minister Rosen Plevneliev breaking the ground.
The future of the Bulgarian real estate market in 2010 will depend on the attitude and behavior of the banks, leading real estate experts forecast.
Prices of residential property in Bulgaria declined by an average of 1,9% in the last quarter of 2009 compared to the previous, data from the statistics office shows. The decrease on an annual basis is 26,3%.
New rules that envisage that all property transactions in Bulgaria must be carried out via bank transfer were approved at first reading this week by the parliament.
Average asking sales prices across all property sub markets fell 20% on average on a year-on-year basis, data of realtors shows.
The demand for European property by Russians is steadily increasing despite the economic crisis, Russian media have reported.
The negative trends in Bulgaria's real estate market will continue at least until the third quarter of 2010, a property report of the "Foros" agency reveals Tuesday.
Penny Market (Rewe Group), German soft discounter with an aggressive growth strategy for Bulgaria, announced it wants to build a 50-unit network in the country by the end of the year.
Scores of luxury hotels and apartments on Bulgaria's southern Black Sea coast are listed for foreclosure by private law enforcement officers.
The economic crisis in the past year has proved fertile for the discount retailers stepping on Bulgarian soil in recent months and the country will see their boom in 2010, a realtor report says.
The UK Foreign and Commonwealth Office has urged Bulgaria to raise standards and tighten controls in the Real Estate sector in the country.
New rules that envisage that all property transactions in Bulgaria must be carried out via bank transfer will come into force in the summer , not as of January.
Bulgaria Property Market among World's Biggest Losers in 2009
Bulgarian real estate prices in over 20 cities and towns have seen a decline in value of up to 28% in the third quarter of 2009, compared with the same period the previous year.
Bulgaria is among the countries that marked the sharpest fall in residential prices in the third quarter, an international survey shows.
The Business for Sale column of Financial Times has listed 27 Bulgarian hotels and holiday accommodations.
50% more Chinese Tourists in Bulgaria
Potentially Defective Aluminum was used by All Car Manufacturers in Japan