New business property in Bulgaria has increased by a minimal amount in the first half of 2008. However several large scale office development are expected to enter the market over the next two years according to Raiffeisen Bulgarian Real Estate.
The market for retail and commercial Bulgarian properties remains stable and should see strong growth in the medium and the long term. It is estimated that foreign direct investments in the Bulgarian real estate market have declined by over 30% in the first six months over the year. Read more…
Bulgaria real estate prices increases 8.8% quarter-on-quarter in Q4 2007 with annual growth reaching 35%, Industry Watch said in their latest Bulgaria property market. The Industry Watch data is in line with figures reported by international real estate consultancies showing the Bulgaria real estate market as the world’s biggest gainer in 2007. Knight Frank has reported a 34% rise in Bulgaria property prices, a growth margin that has been largely unchanged in the last two years. However, price growth is expected to ease to 15% in 2008. Read more…
The Bulgarian ski resort of Borovets is listed in 6th position in the Sunday Tribunes Top 10 property investments for 2008. Dubai ranks first on the list as one of the world’s fastest growing cities. Also included are: Ibiza, Poznan, Toulouse, Geneva, Orlando, London, Hurghada and Silver Coast. Bulgaria property has been one of the hottest property markets in Europe for the last couple of years. But in the haste to snap up a bargain, the Bulgarian property market in some parts of the country has become a little too crowded and overdeveloped. Read more…
Difficult conditions for home loans and high interest rates are making Russia’s property market less attractive, pushing investors to Bulgarian properties and also the Cyprus, Greece and Montenegro property markets, Russian daily Kommersant reported. The article describes the Bulgarian properties market as heaven for investors, who can expect high returns, an average of 20%-30% annual rise in property sale prices and low interest rates on mortgage loans. “Renting out makes it easier to pay off the credits,” the article adds. Russians’ interest in Bulgarian properties for sale is fuelled by the country’s good reputation as traditional destination for holidays.
Bulgaria property has topped the latest Knight Frank Global Price Index in terms of annualised property price growth rates, it has been revealed. The study has revealed that price growth for Bulgaria property in the year to the third quarter of 2007 amounted to 30.6 per cent, putting it ahead of the highest country, Singapore, by three percentage points. Last year’s highest ranked country, Latvia, fell from 56.9 per cent to 10.9 per cent year on year, with Knight Frank saying that prices had begun to fall in certain parts of Riga. Read more…
Foreign property investor interest in Bulgaria property will rise by 40 per cent for 2008, according to the forecasts of Bulgarian real estate consultants.An increased level of proficiency and boosted quality of customer service will guarantee Bulgaria property its ranking among the top three preferred destinations for real estate investment throughout Europe, officials from the Moscow subsidiary of international real estate consultants BG Estates Worldwide declared following the 17th international property exhibition, DomExpo, held in the Russian capital. Read more…
Bulgaria’s accession to the EU has given Bulgarian property investors increased confidence in the market. According to BuyAssociation, the property advice website, while the eastern European country was already popular with investors the fact that it is now a member of the EU – having joined in January this year – means buying Bulgarian property and apartments is now a lot easier. Read more…
The Bulgaria property market has recorded the world’s second-highest increase in prices in the second quarter of 2007, according to a new global property research. Bulgaria property prices jumped by 27.1% in the second quarter of this year, up by nearly 15% in comparison with the same period last year. The strong growth pushed the country up by eight spots in the ranking of Knight Frank, a leading British residential and commercial property consultancy. Read more…
So far this year Bulgaria property sales to Bulgarians working abroad have increased 10% , said local Bulgaria property agency Address. The number of transactions spikes during the summer period when they arrive here for their mid-year holidays. Address distinguishes between several types of expat customers, depending on their career status abroad. Read more…
Pireaus Bank is now offering interest only mortgages for people buying Bulgarian properties. Many are buying Bulgarian properties off-plan with a view to obtaining capital gain and rental income from tourist rentals once completed. Piraeus Bank London, the UK branch of one of Greece’s Piraeus Bank, has launched an interest-only euro mortgage product on Bulgarian property exclusive to the UK and Bulgaria. Read more…
