Bulgarian News - Properties

Bulgarias real estate construction sector marks 24.1 per cent growth in Q2
The amount of newly constructed real estate apartment blocks across Bulgaria increased by 24.1 per cent in the second quarter of 2009, according to National Statistics Institute data.

Date: 2009-09-13 21:00:00 | Source: Propertywisebulgaria.com

Baumax opens for business in the 20 million euro Vazov retail park
Retail park Vazov on Sofias Vladimir Vazov Boulevard will become one of the largest retail complexes for specialised goods in the country, with over 27 000 sq m in retail area, a total investment of which has been estimated at over 20 million euro, Stroitelstvo Gradut reported on September 9 2009.

Date: 2009-09-13 21:00:00 | Source: Propertywisebulgaria.com

Bulgaria tops European charts for new shopping mall construction
There is an explosion in the construction of new shopping malls in Bulgaria, a tendency which is apparently unaffected by the economic stagnation caused by the global crisis, declining customers and lack of financing in the market.

Date: 2009-09-13 21:00:00 | Source: Propertywisebulgaria.com

Black Sea hotel owners try to sell at inflated prices
Real estate agents in Burgas are reporting that 204 hotels are currently up for sale on the Southern Bulgaria Black Sea coast.

Date: 2009-08-18 21:00:00 | Source: Propertywisebulgaria.com

Sales slump by half across country
Latest statistics on the Bulgarian real estate market, quoted on the website of PropertyWire, show that the number of properties sold in Bulgaria fell sharply in the first half of the year and that the volume of new real estate being built is also declining.

Date: 2009-08-13 21:00:00 | Source: Propertywisebulgaria.com

Deluge in Dobrich causes 3M leva in damages
Torrential rains over the area of Dobrich on August 7 caused damages worth in excess of 2 916 000 leva, according to a municipal report due to be submitted to Cabinet on August 12, Dnevnik daily has reported.

Date: 2009-08-10 21:00:00 | Source: Propertywisebulgaria.com

Austrian KIOTO Photovoltaics will erect a 25M euro solar energy park in Tervel
The Austrian company KIOTO Photovoltaics will build a solar park in Tervel with a five megawatt capacity, the construction of which will commence by the end of 2009, and my mid2010, the park is poised to be connected to the municipal electric grid of Tervel, Investor.bg has reported.

Date: 2009-08-06 21:00:00 | Source: Propertywisebulgaria.com

Boulevard in Rousse still under construction a month after official inauguration
Exactly a month has passed since the official unveiling of the Bulgaria Boulevard in the northeastern city of Rousse, but construction work continues apace.

Date: 2009-08-03 21:00:00 | Source: Propertywisebulgaria.com

Raiffeisen Real estate transactions down 58 per cent
Processed real estate deals have decreased by 42 per cent in Bulgaria and 58 per cent in Sofia for the first six months of 2009, as opposed to the corresponding period in 2008, according to a research conducted by Raiffeisen Imoti.

Date: 2009-08-03 21:00:00 | Source: Propertywisebulgaria.com

Shopping malls in Bulgaria suffer from the crisis onslaught
Since the start of 2009, only two malls have been completed in Bulgaria, Mall Plovdiv and Bourgas Plaza, 20 000 and 26 000 sq m in area, respectively.

Date: 2009-07-21 21:00:00 | Source: Propertywisebulgaria.com

Strands to become the first outdoor shopping mall in Bourgas
The design for the first outdoors mall in Bulgaria Strand in Burgas, has been prepared by the British firm GMW Architects, and the 60 000 sq m complex was subsequently approved and granted a building permit in June, with King Strurge being the consulting firm. Total investment for the facility is expected to top 30 million euro.

Date: 2009-07-13 21:00:00 | Source: Propertywisebulgaria.com

BulgarianItalian consortium will build the interchange terminal in Plovdiv
The interchange terminal in Plovdiv has been awarded to a BulgarianItalian consortium. The Italians Net Engineering and its Bulgarian counterpart, Transgeo, who were given the tender for consulting services for the facility, have tabled an offer of 2.4 million leva with VAT, Stroitelstvo Gradut has reported.

Date: 2009-07-12 21:00:00 | Source: Propertywisebulgaria.com

Real estate prices in Bulgaria edge towards recovery
The latest report from Colliers International has indicated that the average price of a home in Bulgaria has decreased by about 14 per cent in the first quarter of 2009 as opposed to corresponding figures from 2008. It also indicated that the countrys construction sector has been hit the hardest by the global financial crisis as the drop in investment is expected to reach over one 1.2 billion euro.

Date: 2009-07-12 21:00:00 | Source: Propertywisebulgaria.com

Sofia banks offer flats for 300400 euro a sq m
At a starting price of 302 euro a sq m, a 97 sq m flat in the Hipodruma borough of Sofia, 15minute walk from the town centre is offered for 29 246 euro, Investor.bg has reported.

Date: 2009-07-07 21:00:00 | Source: Propertywisebulgaria.com

Glavbolgarstroi wins contract for Sofia Sports Hall
On June 2, the head of the state agency for sports and youth, Vessela Lecheva turned the first sod, initiating construction on the new Sofia Sports Hall. However, the construction process has been marred by complaints from Strabag Sports Hall.

Date: 2009-07-06 21:00:00 | Source: Propertywisebulgaria.com

Plovdiv airports new 40M leva terminal will provide gateway to south Bulgaria
Plovdiv airports new terminal is poised to transform the region into a major tourist destination and substantially increase investment in southcentral Bulgaria, Stroitelstvo Gradut has reported.

Date: 2009-07-05 21:00:00 | Source: Propertywisebulgaria.com

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