Latest Property and Economy news from Bulgaria. News for Visitors and Investors

21.01.2008 The homes in the country appreciated reasonably with 18.6 percent in 2007

The average stature of the homes in the country for 2007 of base bargains is 18.6 percent,"Address" announced today.
For the period the average rate is 737 euros per sq. m., while in 2006 it was 624 euros per sq. m.
The most sold home in last year is the two-roomed suite with price up to 60 thousand euros, the data of the agency testifies.
The specialists generalized that the old construction is the most expensive in the year, in comparison to the new construction. These homes have increased their prices in Ruse with 45 percent, Varna 41 percent and Sofia 40 percent.

19.01.2008 Foreigners wholesale search agricultural lands for bringing up energy cultures in our country

On the Bulgarian market in last year there was inpouring of foreigners, searching Bulgarian lands for bringing up energy cultures.
This became known from the year report for the incidence of EU on our farming, represented by the deputy - minister of the agriculture Bjurhan Abazov today, in the European academy in Berlin.
This became before the official open of the international statement "Green week-2008" in the german capital.
The foreign investors had worried about the uncultivated agricultural lands largely in the Danube lowland.

18.01.2008 Up to 4000 levs per decare land in Kazanluk for sale

From 200 levs-up to 4000 levs per decare agricultural land in the region of Kazanluk and the surrounding villages is being traded.
For comparison with the rates of the lands in the region in 2006, the stature in 2007 is 15 %.
The plots of land in the area of the villages Kanchevo, Dabovo and Srednogorovo are cheapest, according to the brokers, where the price per decare is commercialized by 100 until 300 levs.
The most costly agricultural lands are in the regions of Krun, Enina, Shipka, between 800-1000 levs as well as in the region of Pavel Baniya 900 - 1100 levs per decare, radio “Darik” announced.
Record levels of the prices of the lands for industrial targets discover the agents in the region.
In last year a land for construction of trade building, in the region of Kazanluk and of the road Kazanluk-Koprinka reaches 50 000 levs per decare.
An average 20 - 30 000 levs per decare is the price of a land in direction Kazanluk - Buzovgrad, where there is gigantic looking for lands for industrial targets.
The eye - catching allotments with trade determination in Kazanluk itself, have stayed levels until 500 000 leva per decare.

17.01.2008 The market of land for non economic aims in the seaside head for different

In 2007 the North-East region of the country, at the territory on which two areas with outlet fall on a black sea (Varna and Dobrich), remains attractive on the buyers that search land with goal-substitution of the purpose. 2390 such bargains on 19 533-decare plots of land are in the region in the year taken, data of investigation of the ministry of the farming and the forests on the market of land, executed by SAPI Ltd., indicates.
In comparison of 2006 the trades’ number increases itself with 18 percent and to the sold land by 35 percent.
Despite the increasing of the volumes, on the market rate is discovered drop. For last year the average market price of the land with goal-change of the purpose is 18 571 lv. per decare in the region, that is relegation in 11 of hundred with parallel to 2006.
In the region of Varna are conclude much deals – a total of 1764 of 14 031 decares. The year promotion at the number of deal-e-55,5 percent and at the size of the sold land 115 percent.
The definition of the prices is major in the area. For example in the municipality of Biala was sold 82 000 sq. m. for 125 000 lv per 1000 sq. m, while in the Municipality of Dolni Chiflik the middle level is 1500 leva per 1000 sq.m.

16.01.2008 New investments

The sock for investings in immovable real estates FearPlayProperties bought a real estate for 4.5 million levs in Saparewa Banq’s land. The plot is 60 000 sq m .For them the company has special investment aim .It will build resorts and balneotherapy sanitorium .
The project: Fear Play will keep going to bye lands close to the region where u can go to get well, in spite of this segment is new in holding pocket book. This is good investment into the establishments because Bulgaria is owner of huge potential for developing in this part.
Funds: The company design is to increase the capital whit 50.7 mln.lv. to 60.84 mln.lv. This will happened by issue produce for 10.14 mln campaign. One campaign will cost l lv. and issuing by 2.25 lv.
This is the fourth funds increase to the property holding. It expect the trade to begin in February and the whole procedure for augmentation to finished in the beginning of march.

15.01.2008 The plots in Vurshez raised in for a year 2 times

The average price of the plots in regulation are double raised in the beginning of the last year, is observed in resort “Vurshetz”.
Before one year the cost of lands for building was 21 Euro per sq. m., but now – the price is 40 Euro per sq. m.
The price of the houses in the resort are from 12 000 to 290 000 Euro. The cheapest house there that was offered for sale is old with trimmer joists. Together with the land, the house has 800 sq. m. of area. The highest offer is for luxury house that was built in 1999, which occupy 360 sq. m. of living area and 500 sq. m. of a yard.

14.01.2008 The real estates bull in Burgas

In Burgas the rates of the real estates mark a stature in all complexs and districts, the scores from the real concluded bargains testify at the end of the year.
In the center of the city, naturally, it is most costly, but offer is least there, trade areas are being sold largely.
Good - looking trade area in the only center is sold for 6-7 thousands euros per sq. m. Such prices are being set as well for real estates in the intersections of the head drives.
The rate of the home real estates in the cardinal section of Burgas doesn't decrease under 1 200 euros per sq. m.
The search of new real estates of the most outlying burgas"Meden Rudnik" complex continues to grow.

12.01.2008 It approaches the point of saturation at the trade areas in the country

The interest to the sector of Trade areas in our country continues to be high despite the slow growth of the purchasing power of the population and the announced huge trade projects.
This is the opinion on the specialists of the advisory company MBL.
Sofia is a leading city in the country of a quadrature in trade areas that need to be gained until the last of 2011.
On a base of the announced undertakings in last trimester, approximately 517 000 sq. m. give trade area was thought to be built through the next three for up to four years.
From them the 144 000 sq. m. are already in procedure of construction, and are the rest of projects that have stayed with general area from 373 000 sq. m. and are in a phase of a programming.
It is in the case specific that all trade centers will be realized in one as well same period from time close.
This can help the tenants at achieving more opportune conditions of the contracts for lease, by in the same time this making their choice more difficult, for they need to choose an one or several locations that will be successful in long - term plan.
In the large cities that have stayed in the country the investment climate is not more different.

11.01.2008 Local Monitor daily put an advertisement a lot of real estates in Russian website for properties

Some of the countries as the Irish persons and the Britons buy land or a real estate with a bad thing. But the Russians buy, to use these real estates. They do not invest in a what and it is. Their investments are rational. The most of the Russian prefer properties whit quality, situated on seaside or whit beautiful mountain views. These offers are more attractive to the buyers than ‘on green’.
The statistics produce than 7 000 real estates advertisement for Bulgarian properties from a total of 24 000 are available in Russian site.
In accordance whit native agents the Russian people want to by properties near to the seaside resorts. At this way they used to rest when were young. And another reason to invest in Bulgarian properties is the easier communication and the nearness.

10.01.2008 The property - owning market excited the activeness of the construction.

The property - owning market excited the activeness of the construction. With a stature from 15 percent it is like among the most developing branch in 2007. The prognosticate of the chamber the builders matter that the trade will reach 11 billion levs in the sector. The president of the entrepreneurial chamber of the construction Nikolin Gavrailov comment that in the construction boom in the ground is the lack of new residential, commercial and administrative areas.
The stature of the investings, the tourism, the industries, as well as the need of new infrastructure open a grave market. According to Gavrailov the development of the branch will continue with the present tempos and in 2010 the sector will increase by 12 - 16 percent annually.

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