Bulgarian News - Properties

New luxury real estate construction in Sofia to begin in 2010
Plana Properties are set to launch the construction of the modern Apollona Houses complex, consisting of 10 luxury homes in an enclosed parcel, while Austrian Immorent is set to erect 15 condos featuring 200 flats in Simeonovo. Both projects are worth about 38 million euro, Dnevnik daily reported on November 22 2009.

Date: 2009-11-22 22:00:00 | Source: Propertywisebulgaria.com

Construction sector in Europe continues to decline
he construction industry in Europe has marked another month of general retreat, both on annual and monthly basis, Bulgarian daily Dnevnik reported on November 19 2009, citing Eurostat statistics.

Date: 2009-11-18 22:00:00 | Source: Propertywisebulgaria.com

Bulgarian Property Developments begin construction of 12.6M euro logistics park in Rousse
Bulgarian Property Developments BPD will invest 12.6 million euro in a new expansive logistics park in the northeastern Bulgarian riverside town of Rousse. Construction of the complex has been launched in the area of Slatina, where BPD secured a large parcel of land, Dnevnik daily reported on November 18 2009.

Date: 2009-11-17 22:00:00 | Source: Propertywisebulgaria.com

Penny Market and Plus open stores in Bulgaria
The German diversified discount retail chain Penny Market opened its first batch of 14 stores in Bulgaria, a press company release said.

Date: 2009-11-16 22:00:00 | Source: Propertywisebulgaria.com

Construction sector in Bulgaria incurs 20 decline
The construction sector in Bulgaria had declined by 20 per cent on an annual basis, the National Statistic Institute NSI reported on November 10 2009.

Date: 2009-11-09 22:00:00 | Source: Propertywisebulgaria.com

Bulgarias construction sector facing survival year in 2010 Minister
About 30 000 to 35 000 people employed in the construction sector were facing redundancies in 2010, Bulgarias Regional Development Minister Rossen Plevneliev told the Bulgarian National Television on October 26.

Date: 2009-10-27 22:00:00 | Source: Propertywisebulgaria.com

Luxury real estate prices in Bulgaria slump by 40 study
Luxury homes have diminished in value by about 40 per cent since the onset of the global economic downturn, while the number of sellers of such properties has doubled, real estate agency Unique Estates said on October 26, as by Dnevnik daily.

Date: 2009-10-27 22:00:00 | Source: Propertywisebulgaria.com

Key interchanges in Sofia will be constructed with European Investment Bank loan
The European Investment Bank EIB has released a 43.5 million euro loan to Sofia municipality, with which the administration will be entrusted with the construction of several key infrastructure projects in the city, at a total cost of 88.1 million euro, Stroitelstvo Gradut has reported on October 19 2009.

Date: 2009-10-21 21:00:00 | Source: Propertywisebulgaria.com

Construction of 160 000sq m of office space in Sofia stalled
Several construction projects in Sofia, pertaining to the building of office complexes with total office space of about 160 000 sq m, have been frozen indefinitely, Anton Slavchev, manager of the offices and business parks department at Colliers real estate consulting company, told Dnevnik daily on October 20 2009.

Date: 2009-10-19 21:00:00 | Source: Propertywisebulgaria.com

Eurohold Bulgaria sells Auto Union Centre for 27.3 million euro
Eurohold Bulgaria has shed the Auto Union Centre complex for 27.3 million euro to real estate Bluehouse LP, an official press release has said on October 12 2009.

Date: 2009-10-11 21:00:00 | Source: Propertywisebulgaria.com

Planex commences construction of business park Sofia 1
Planex will begin construction of business park Sofia 1 on September 30 2009 on the site of the former Electronika factory in Slatina. The complex will span 36 000 sq m, Dnevnik daily reported on September 29, citing a Planex press release.

Date: 2009-09-28 21:00:00 | Source: Propertywisebulgaria.com

Sozopolis real estate ranges from 800 000 to 1.4M euro
Property in the elite Sozopolis complex, comprising about 20 single family homes and 166 other units, sells for about 3000 euro a sq m, Dnevnik daily reported on September 28 2009, citing several brokers reports.

Date: 2009-09-27 21:00:00 | Source: Propertywisebulgaria.com

Decline of retail space value in Sofias top areas continues
The Foros company, owned by Dobromir Ganev, CEO of GVA Sollers Solutions, signed a contract with international consultancy firm GVA Worldwide on September 24 2009 aimed at helping both firms provide consultancy intelligence and investment services in the real estate sector, the Bulgarian news agency BTA has reported.

Date: 2009-09-23 21:00:00 | Source: Propertywisebulgaria.com

Bulgarias construction sector shrinks by 14.5 per cent
The Bulgarian construction industry contracted by 14.5 per cent in July 2009 as opposed to corresponding figures from July 2008. This represents its sharpest decline in several years, data from Eurostat has shown, quoted by Stroitelstvo Gradut on September 21.

Date: 2009-09-23 21:00:00 | Source: Propertywisebulgaria.com

Interest in Bulgarian property falls
British investors are turning their backs on countries like Bulgaria and choosing more traditional countries to purchase property, according to the latest figures.

Date: 2009-09-21 21:00:00 | Source: Propertywisebulgaria.com

Carrefour, Vivacom confirmed as tenants of European Trade Centre in Sofia
The European Trade Centre ETC has confirmed that the first tenants, poised to move in in January 2010, are Carrefour and Vivacom, Dnevnik daily said.

Date: 2009-09-14 21:00:00 | Source: Propertywisebulgaria.com

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