Bulgarian Property & Real Estate News

Green technologies to be deployed in Bulgarian properties

Bulgarian property specialists will design a new government standard to map out the rules for the building and operation of properties with minimum impact on the environment. The new approach is part of a strategy by the regional development ministry.

A research team will be created of ministry staff and industry associations, who will outline a certification process for all green construction in Bulgaria.

In the future a strong focus will be placed on building in a sustained and environmental manner and the minister wants Bulgarian property companies to be leaders in this area.Special training and assistance will be provided to construction companies to ensure that they meet the best international standards. The research team will focus on how to use locally source renewable materials to the best effect in Bulgarian properties. By starting at the local level it is hoped that the new technologies and technique will become common place across the country

Tagged in: Bulgarian properties, Bulgarian property

New metro stations increase demand for Sofia properties

The opening of several new Metro stations has had a significant impact on the Sofia property market. Buyers in the Bulgarian capital are focusing their property buying in the area around the new metro stations.

Research from the Bulgarian property website imoti.net, has showed that demand for previously popular areas like the upmarket location of Ivan Vazov, Iztok and the City Center, has decreased recently.

Instead Sofia property buyers who were looking for real estate in the regions of Mladost, Darvenitsa and Krasno Selo. The Bulgaria real estate agents believe that the change in demand is being driven by the new metro stations and improved infrastructure in these areas.

It is evident from recent property buying patterns that buyers are increasingly considering the local services and metro station when deciding where to buy properties in the Bulgarian capital. this pattern is also affecting the price of properties in these areas.

Tagged in: Bulgarian properties, bulgarian real estate, properties in Bulgaria, sofia property

Vacancy rates increase for office properties in Bulgaria

The vacancy rate for office property in Sofia is likely to increase to around 23-28% by the end of this year as a result of several new office buildings opening in the next few months.

These new Sofia office buildings will bring the total amount of office properties in Sofia to around 1,250,000 sq m. The biggest amount of vacant office blocks is in the suburban parts of Sofia and in the Class A office category.

In 2010, the building of office properties continued despite the poor economic situation and several major projects that were started during the boom of 2006-2008 have just been finished recently. As a result of the increased supply the rental rates have dropped and now average around 10-12 euro per sqm for Class A office and 5-7 euro per sqm of Class B offices. As more supply comes online the rental rates for Sofia properties is expect to fall further. Read more…

Tagged in: Bulgaria Property, Bulgarian properties, properties in Bulgaria, sofia property

Property Investment Funds Check Out Bulgarian Spa Properties

Several Russian property investment funds have been reviewing Bulgarian properties on the Black Sea coast and in the spa areas of Bulgaria.

According to FIABCI the Russian real estate federation that focuses on Bulgarian properties, there is growing interest by Russian investors in Bulgarian tourist property. Already many private Russian investors have purchased Bulgarian properties along the Black Sea coast and in the mountain ski resorts. These new investment funds plan to purchase Bulgaria real estate plots near Spa areas so that their can then build vacation properties to meet the growing demand from Russian investors.

Some of the funds are even considering purchasing whole complexes and then reselling these properties on the Russian market

Tagged in: bulgaria real estate, bulgaria ski resorts, Bulgarian properties

Focus remains on luxury Bulgarian properties

The continuing adjustment in the Bulgarian property market is started to impact all but the nest quality Bulgaria apartments, with good location, infrastructure and services a must according the Bulgarian property experts.

The demand for quality Bulgarian properties for sale still exists but cheap purpose built apartments in locations like Sunny Beach and Bansko are seeing substantial price drop due to a huge oversupply in these areas and also a lack of quality and variety. Read more…

Tagged in: Bulgarian properties, Bulgarian property, bulgarian real estate

Commercial Property in Bulgaria remains stable

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…

Tagged in: Bulgaria Property, bulgaria real estate, Bulgarian properties, Bulgarian property, bulgarian real estate

Attraction to Bulgarian real estate continues

Despite some negative news articles saying that the Bulgarian real estate market is not so appealing to foreign investors any more, Andrew Regan, a Scottish journalist, states that the Bulgarian real estate boom does not seem to be easing at all. Bulgaria plans to join the Euro zone in 2011 is leading to a rush of investors trying to buy cheap Bulgarian properties now before the prices rise when they join the euro zone. Local Bulgarian real estate agents are also suggesting there will be more demand for Bulgarian property when Bulgaria joins the Euro in 2011

Investors switch from Russian to Bulgarian properties

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.

Tagged in: Bulgaria Property, Bulgarian properties, Bulgarian property

Bulgaria property no.1 for growth

According to the latets Knight Frank House Price report Bulgaria property currently has the fastest growth rates. Overall prices for Bulgaria property in the period up to Q3 2007 has risen by almost 31%. This is just behind the quickest growing country Singapore where real estate prices grew by some 34%. Knight Frank has cautioned to be careful in certain parts of the Bulgarian market as it believe that areas like Bansko and the Black Sea beach resort are reaching saturation and supply of properties in these areas now exceed demand. In other news it predicted that UK and Irish overseas property ownership will double within five years. Read more…

Tagged in: Bulgaria Property, Bulgarian properties, Bulgarian property

Bulgarian Property Investments Remain Profitable

Bulgarian property is still one of the best investment options in Eastern Europe remains the runaway leader. Investors in Bulgaria are currently receiving over 80% return on investment in Bulgaria real estate. Other markets such as France and Cape Verde are still popular with UK buyers accordingly to the latest report from Assetz real estate agency. In Eastern Europe however Bulgarian property remains the favorite market as property investors go in search of higher yields and larger profits. With the growing availability of mortgage finance many buyers are now trying to leverage their purchases and in some cases are using financing to purchase more than one property. Local Bulgarian buyers are also getting on the mortgage finance bandwagon and this is further driving up the sales prices. Local estate agents make clear that investor should carefully assess the expected rental rates and occupancy levels before deciding to purchase using a mortgage.

Tagged in: Bulgarian properties, Bulgarian property

« Newer Posts — Older Posts »

Register for updates
name
e-mail