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Statistics |
| Unique Visitors: 3 |
| Total Unique Visitors: 11619 |
| Visitors Out: 279 |
| Total Visitors Out: 279 |
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| Africa Israel unit gets credit for Bulgaria project |
| 2008-05-06 04:53:00 |
Israeli conglomerate Africa Israel Investments (AFIL01.TA: Quote, Profile, Research) said on Sunday its subsidiary AFI Europe signed an accord with Investcredit bank for 59 million euros to finance the Business Park Varna project in Varna, Bulgaria. The cost of acquiring the property and three existing buildings was 76.5 million euros ($118.3 million), the company said. Business Park Varna, located near the Varna airport and the Black Sea, includes 35,000 square meters of office space as well as another 15,000 square meters under construction.
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| Bulgaria with Record Number of Real Estate Deals in 2007 |
| 2008-04-23 10:19:00 |
A total of 325 385 Estate">real estate deals were made in Bulgaria in 2007, which is 4% more than their number in 2006, and a new record.The data comes from a research of the Arco Real Estate company, which also states that the largest number of real estate deals were made in Sofia, Plovdiv, Varna, Burgas, Nessebar, and Ruse.The number of real estate deals is expected to remain the same in 2008, according to analysts, whereas their total value is expected to rise.
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| Week of the Real Estate on the Balkans |
| 2008-04-15 11:39:00 |
The week continues with Balkan Property Exhibition - BalPEx - Spring 2008, the largest Estate">real estate exhibition on the Balkans that will start on April 18 till April 20 in Inter Expo and Congress Centre in Sofia, Bulgaria.The organizers aim to present platform for discussion between representatives of the participants of the real estates market on the Balkans - investors, consultants, financiers, architectures, urbanism specialists and others.Additional accent on the discussions will be placed on the property market in Macedonia, Albania, Monte Negro and North Greece.
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| Sofia Property Prices up 10-17% in Q1 |
| 2008-04-10 15:56:00 |
Prices for diverse types of real estate property in Bulgaria's capital Sofia registered an average increase between 10% and 17% since the beginning of the year, a Bulgarian economic think-tank said.The growth in prices can be attributed to the brisk demand by well-off people and insufficient supply, Lachezar Bogdanov from Industry Watch explained.Property prices in the capital are expected to continue their upward march and their annual growth by the end of the year is forecast to range between 10% and 20%.
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| King Sturge property consultants land on Bulgarian market |
| 2008-04-01 16:18:00 |
King Sturge, the international real estate advisory, is surveying opportunities for entering the Bulgarian market, company officials told investor.bg. Preparations are still at a very early stage, with set plans and a detailed strategy yet to be clarified, company representatives said, adding that they had not decided whether to step directly onto the market or to penetrate through a local partner. The decision is to be made over the next several months. “We will definitely need local expertise,” Liz Agar, European human resources manager at King Sturge, said, noting that it would prompt the employment of specialists familiar with Bulgarian market.
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| Greek investments in Bulgaria soar since 2005 |
| 2008-03-28 16:08:00 |
Probably because of its proximity and similar business mentality, Bulgaria is a natural point of interest to Greece. This interest has risen sharply since 2005 when Bulgaria’s accession to Nato and forthcoming EU membership started sounding investment security bells to Greek business. In a sign of growing confidence in Bulgaria’s economic potential, Greece also set up the Hellenic Business Council in Bulgaria (NBCBG) in 2005. This private non-profit organisation, which aims to intensify Bulgarian-Greek business ties and investments, has on its board Greek-born CEOs running companies and financial institutions in Bulgaria and about 50 Greek-owned corporate members.
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| Alfa Developments acquires Landmark’s portfolio |
| 2008-03-20 16:34:00 |
Alfa Developments, fully-owned by Bulgarian industrial group Alfa Finance Holding, has formally notified the Commission for the Protection of Competition (CPC) of its intention to acquire 75 per cent in property developer Landmark, Alfa Finance said in a statement on March 17. The proposed deal needs CPC approval to go through. The seller is Bridgecorp, owned by Landmark managers Richard McDonald and Tanya Kosseva-Boshova, who acquired the company last year for 210 million euro in the biggest re-sale transaction on the Bulgarian real estate market. Bridgecorp's shareholders will continue to hold a 25 per cent stake. Alfa Developments is planning to expand the portfolio with new acquisitions of assets in Bulgaria and on the Balkans.
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| Bulgarian Industrial Association has warned that the country's real estate sector and related industries should brace them |
| 2008-03-15 10:32:00 |
Estate">Real estate market is saturated, Bulgarian news agency (BTA) quoted BIA chair Bozhidar Danev as saying. There were more than 20 000 unsold holiday apartments in Bansko and another 200 000 along Bulgaria's Black Sea coast, all of them built with bank loans that needed to be repaid, he claimed. Intercompany debt at the beginning of 2008 was roughly 100 billion leva, according to BIA estimates, which assumed that debt maintained its annual 20 per cent average growth rate from previous years. The figure exceeded 81 billion leva in 2006, but was only 34 billion leva in 2001. The combined value of the intercompany debt exceeded Bulgaria’s gross domestic product by 65 per cent, Danev said.
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| For Sale: Most Expensive Apartment in Bulgaria |
| 2008-03-10 03:21:00 |
The luxury penthouse property is situated in the charming city of Varna, and is being offered for sale by Eurosilex, priced at 1.2M Euros. Varna is Bulgaria’s largest city on the Black Sea coast and is currently experiencing a period of expansion with demand for new homes rising sharply. The new property is part of the Kavala Street development, which offers a total of 19 luxury apartments, with 17 parking spaces, an office and a snack bar. Construction started in April 2007 and is scheduled to be completed by December 2008.The luxury penthouse apartment is a state of the art property, offering a bespoke design and high class living. With a total area of 553.35 square meters, spread across two floors and an outdoor terrace, the luxury apartment has am
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| Federal Development, Petrol Holding to invest $3B dollars in real estat |
| 2008-03-02 19:37:00 |
Bulgarian Real Estate - Federal Development, an international real estate development and asset management company, and Bulgaria's Petrol Holding, the second largest oil products wholesaler in the country, said on February 19 2008 they agreed to create a joint venture that would focus on developing mixed-use real estate opportunities in Bulgaria. Initial plans focused on converting and redeveloping approximately 50 sites, owned by different entities within the Petrol Holding group of companies, including Petrol AD, Naftex Petrol and Evrocapital Bulgaria, which manages its real estate assets. These sites will be converted from oil servicing facilities to mixed-use developments that wi
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| Property developers mull setting up association |
| 2008-02-26 14:51:00 |
Some of Bulgaria's largest real estate companies specialising in property development were in talks to set up an association, Laguna Group manager Martin Yanev said on February 26, as quoted by Dnevnik daily. Investor interest in recent years has been directed at building apartment compounds, which were sold to foreigners, who then rented them out. But lately the market, still largely underdeveloped, has been flooded by companies lacking in both professionalism and experience, which had a negative impact on the market.
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| No real estate bubble in Bulgaria |
| 2008-02-23 10:06:00 |
Even though yields have decreased in recent years, Bulgaria's property sector was still a sound investment, fetching satisfactory returns at low risk, the chief executive of Bulgaria's biggest bank, UniCredit Bulbank, Levon Hampartzoumian told news conference. It was also unlikely to suffer the repercussions of global credit crunch, because business climate and economy models in the country followed a different pattern. After the initial bloom of Estate">real estate, price growth was expected to slow down to 15-20 per cent year annually, compared to 34 per cent rise last year, which showed a maturing market. There was no risk of the real estate sector suffering a sudden collapse and any talk of a real estate bubble were just
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| Europe's largest property fund declares interest in Bulgaria |
| 2008-02-18 01:52:00 |
Dutch TKP Pensioen Real Estate Fonds (TREF), which claims to be the biggest property fund in Europe with investments of more than one billion euro, has declared its interest to invest in Bulgaria, investor.bg quoted the head of real estate investment at TKP Investments, Robert-Jan Tel, as saying. TREF has started researching investment opportunities offered by Bulgarian funds, but also in other South East European countries. The fund already has put money in real estate investment trusts (REITs) in Hungary, Poland and Czech Republic, such as the US based AEW and a fund specialised in office properties, managed by Orco Properties.
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| Bulgaria Tourism and Real Estate Primary Investors' Targets |
| 2008-02-13 23:10:00 |
According to the preliminary report of the IBA, the foreign direct investments in January-November 2007 reached about EUR 5,05 billion which is a 20% increase from the same period in 2006. This figure is 17,7% of the country's GDP.The IBA stated that the improvements of the business climate in the country were related primarily to the reduction of the earnings tax, which is now down to 10%, and of the social security tax.
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| Bulgarian Real Estate Fund |
| 2008-02-07 18:15:00 |
Bulgarian Estate">Real Estate Fund Sells Part of Office/Shopping Centre for 20.9 Mln Euro Feb 05, 2008, 14:02 CET | Story | SeeNews SOFIA (Bulgaria), February 5 (SeeNews) - Privately held Bulgarian Real Estate Fund (BREF) on Tuesday said it will sell part of an office and shopping centre project in Sofia to Navigator Business Centre for 20.9 million euro ($30.7 million).
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| Bulgaria was the world's strongest property market in 2007 |
| 2008-02-03 18:15:00 |
Bulgaria's decision to slash taxes to a flat 10% starting from this year makes the country a very tax efficient place to relocate or invest in, according to Obelisk, while budget airlines' plans to increase the frequency of their flights would make traveling to and inside the country easier.
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| Scandinavians Make a Website on Bulgarian Real Estates |
| 2008-01-30 19:42:00 |
The Bulgarian site of Alma Media will also offer a wide database with real estate offers. Its visitors will have the opportunity to seek and offer residential and trade buildings and areas not only in Bulgaria but also in Finland, Sweden, Estonia, Latvia, Lithuania, Poland, Ukraine, Russia and Croatia.The construction entrepreneurs and investors can present their projects in a separate specialized subdirectory of the portal.
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| Bulgaria Residential Property Prices up 18,6% y/y |
| 2008-01-26 06:56:00 |
Prices for residential real estate in Bulgaria grew by an average 18,6% in 2007 over the previous year due to the developing market and brisk demand, realtors said.The average price paid for residential properties across Bulgaria stood at EUR 737/m2 in 2007 compared to EUR 624/m2 in 2006, shows data of Address real estate company.Capital Sofia, which boasts the highest salaries in the country, continues to benefit from the real estate boom and recorded the highest rise in prices last year - 25%, reaching an average price of EUR 835/m2.
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| Bulgaria Residential Real Estate Prices Up by Nearly 30% |
| 2008-01-24 15:44:00 |
The port city of Varna came in second, commanding an average price of BGN 1762,63/m2, up by 33,9% over last year. Third ranked the other major port of Burgas with average residential property prices at BGN 1442,08/m2, posting a 17,5% surge over the previous year.The residential Estate">real estate in Sofia district bottomed the ranking with prices as low as BGN 488,14/m2, marking an increase by 18,6% compared to the previous year.
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| Bulgaria's real estate to rise 10-15% in 2008 |
| 2008-01-22 03:30:00 |
Bulgarian house prices are expected to increase by 10 to 15 percent in 2008, according to a forecast Monday by local Estate">Real Estate agency Address. The sharp price movements which characterized 2007 are expected to level off in 2008, Katya Tsenova, managing partner of Address, told a news conference here. The agency's experts predicted growing prices for suburban property and property with good characteristics.
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| Brits Losing Interest in Bulgarian Real Estate |
| 2008-01-19 00:29:00 |
Bulgaria is slipping in the preferences of Britons looking to buy property abroad, a survey by A Place in the Sun magazine showed on Thursday.Spain and France have retained their top two positions in the list of 20 best overseas property destinations for UK property buyers, but Bulgaria has lost its third place and was ranked eight.
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| Russian Real Estate Websites Full With Bulgarian Properties |
| 2008-01-14 18:31:00 |
For example 7,000 property advertisements for Bulgarian estates from a total of 24,000 are available on prian.ru.According to local broker agents Russians prefer to invest in Bulgarian properties due to the countries' nearness and easier communication.Another reason could be the Russians' nostalgia by local seaside resorts, where they used to rest when were young.
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| The real estate story |
| 2008-01-10 06:29:00 |
Estate">Real estate continued to be one of Bulgaria’s talking points and treasure troves in 2007. Whatever the reason – momentum from previous years, good advertising, price speculation and a construction boom – hundreds of millions of euro worth of real estate changed hands in Bulgaria. If in previous years the market was driven by British clients seeking family houses in villages, in 2007 things changed. According to some analysts, interest in holiday properties in Bulgaria among UK buyers decreased by 70 per cent, mainly because of the mortgage crisis in the US and Europe. Despite this, in 2007 Brits continued to be the market leaders. According to research by Green Life Property Development, UK clients accounted for
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| Bulgaria with Highest Raise in Real Estate Business |
| 2008-01-09 16:07:00 |
The property prices in Bulgaria increased with 30.6% according to the same guide's data by the end of September 2007.Bulgaria outstrips even the Chinese city Shanghai in the property demand, which used to lead the ranking to the moment with increase of 28% for the first 10 month of the last year.Among countries with significant raise of Estate">real estate prices are Singapore, Estonia and Lithuania. The almost 10% increase of UK provides for it 14th position in the ranking.
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