SofiaEcho RSS feed Property

New modern marina worth 24M leva to be constructed in Pomorie

Nick Iliev — Thu, 19 Nov 2009 17:17:00 +0200

The Black Sea town of Pomorie has approved a proposal for the construction of a spacious and modern marina, with a capacity of over 600 yachts and small passenger ships.

Construction sector in Europe continues to decline

Nick Iliev — Thu, 19 Nov 2009 14:17:00 +0200

Over the course of a year, from one of the leaders in Europe in new construction, Bulgaria became one of the countries currently quagmired at the bottom of the table and was now amongst the three worst hit countries, along with Romania and Slovenia.

Bulgarian Property Developments begin construction of 12.6M euro logistics park in Rousse

Nick Iliev — Wed, 18 Nov 2009 13:14:00 +0200

The park is posed to act as an economic stimulant in the region, creating a modern infrastructural base for companies. It is set for completion by Q3 of 2010.

Discounter chains Penny Market, Plus open stores in Bulgaria

Nick Iliev — Mon, 16 Nov 2009 15:19:00 +0200

Both retailers target at least 50 outlets in Bulgaria by the end of 2010.

Property bank ahead

The Sofia Echo staff — Fri, 13 Nov 2009 10:03:00 +0200

A state depositary bank to serve as custodian of all ownership transfer deals

The big question

Lili Granitska — Fri, 13 Nov 2009 10:00:00 +0200

When will Bulgaria’s real estate and construction sector recover?

Construction sector in Bulgaria incurs 20% decline

Nick Iliev — Tue, 10 Nov 2009 13:18:00 +0200

As one of the sectors of Bulgarian economy most severely affected by the global economic downturn, construction, shrank by as much as 19.7 per cent in September 2009 alone.

Bulgaria business property deals contracted sixfold – Forton

Dnevnik.bg — Wed, 28 Oct 2009 13:56:00 +0200

Office rent transactions peaked at 65 000 sq m between July and September 2008, but collapsed to 10 700 sq m in Q3 2009, Forton manager Sergei Koinov said.

Luxury real estate prices in Bulgaria slump by 40% - study

Nick Iliev — Mon, 26 Oct 2009 15:39:00 +0200

Most potential buyers are now opting to buy a luxury flat in the range of 120 000 to 150 000 euro or a single family home for about 500 000 euro.

Bulgaria's construction sector facing 'survival year' in 2010 - Minister

Nick Iliev — Mon, 26 Oct 2009 14:33:00 +0200

About 30 000 to 35 000 people employed in the construction sector were facing redundancies in 2010, Bulgaria's Regional Development Minister Rossen Plevneliev said on October 26.

Housing prices in Bulgaria fell 28 per cent year-on-year – official

Clive Leviev-Sawyer — Fri, 23 Oct 2009 15:22:00 +0300

Average market prices of housing in Bulgaria dropped five per cent in July-September, measured quarter-on-quarter, the National Statistical Institute said on October 23 2009.

Key interchanges in Sofia will be constructed with European Investment Bank loan

Nick Iliev — Wed, 21 Oct 2009 15:32:00 +0300

The European Investment Bank (EIB) has released a 43.5 million euro loan to Sofia Municipality, for infrastructure projects worth 88.1 million euro in total

Construction of 160 000sq m of office space in Sofia stalled

Nick Iliev — Tue, 20 Oct 2009 15:20:00 +0300

Complexes exceeding 900 000 sq m of new office space are currently under construction in Sofia, but many of them will be slashed.

Selling greater Budapest to Europe

Claudia Mari - The Budapest Times — Thu, 15 Oct 2009 12:13:00 +0300

Expo Real is the largest European commercial property trade fair. Today the heart of the trade fair is beating in the same rhythm as the heart of the industry, i.e. considerably less excitedly than in previous years.

Bulgaria ups property tax

Dnevnik.bg — Thu, 15 Oct 2009 10:14:00 +0300

The Bulgarian government gave the green light to a proposal to raise the maximum property tax rate from 0.2 per cent to 0.25 per cent of the property appraisal.

Eurohold Bulgaria sells Avto Union Centre for 27.3M euro

Nick Iliev — Mon, 12 Oct 2009 11:48:00 +0300

Eurohold to use 16.8 million of the proceeds to extinguish its financial obligations with Piraeus Bank Bulgaria, while 10.5 million euro will be invested in insurance and vehicles.

Economic crisis drives one in four Bulgarian builders out of business

Dnevnik.bg — Mon, 05 Oct 2009 08:38:00 +0300

As many as 1550 out of 5820 firms have not confirmed registration with the construction chamber as at September 1, which is a mandatory requirement to continue operations, construction chamber executive director Ivan Boikov said.

Construction of Danube Bridge II delayed by seven months

Nick Iliev — Fri, 02 Oct 2009 16:00:00 +0300

Construction of the second bridge linking Bulgaria and Romania over the Danube river is delayed by at least seven months, while construction cost has risen by as much as 30 per cent.

Lidl buys 2.3 mln euro plot in Bulgarian town of Plovdiv

Dnevnik.bg — Fri, 02 Oct 2009 09:46:00 +0300

Bulgarian real estate fund FairPlay Properties and Lidl Bulgaria signed a deal on the sale of a 22 000 sq m plot in the Bulgarian city of Plovdiv on September 30 2009.

Office rents in Bulgaria retreat to 2006 levels

Dnevnik.bg — Wed, 30 Sep 2009 09:18:00 +0300

Top-quality offices on major thoroughfares in Sofia are rented for 14 to 15 euro a sq m, or the same as rentals in the two landmark schemes, Serdika Offices and European Retail Centre, due to open in 2010, Colliers office space manager Anton Slavchev said.