Real estate market tendencies show a considerable increase in the sales of hotels under construction. According to a 24 Chassa report the largest part of such offers is concentrated in Bansko, Pamporovo and the seaside resorts. Until present investors showed interest in the purchase of completed hotels, especially by the seaside, or separate flats in apartment complexes. Market research shows tendencies are
The Bulgarian real estate market expects a property supply boom next year. Many real estate owners in Bulgaria wait for January 1 2007 to offer their property for sale, hoping the countrys EU accession will increase prices, Darik Radio reported. Managers of leading real estate agencies said these expectations are unfounded as prices on the Bulgarian market are already high enough. There is hardly any room for
Smaller apartments become increasingly attractive for property buyers in Bulgaria. The majority look for one or twobedroom apartments, costing between 30 000 and 40 000 euro, Capital newspaper reported. Because of the lack of interest, construction companies split larger apartments before the final completion of real estate projects. The higher demand for smaller apartments resulted from the price increases
Sofias Ivan Vazov district leads in property prices, according to data of imoti.net. Apartment prices in Ivan Vazov exceed 1000 euro a sq m, leaving behind former leaders like Iztok district and the central parts of the capital.Real estate agents said several factors produced the development. Ivan Vazov is located in near Sofias centre. The district has good infrastructure, including medical and education centres. The
The interest of foreign investors in Central and Eastern European property continues. As a result of the high demand, the region might be unable to offer enough real estate purchase opportunities, Dnevnik newspaper reported. Western investors interest is on the rise also because of the expected EU membership of several countries in the region, the Wall Street Journal reported. This development would likely
Foreign capital that Bulgarian property attracted with the quickly rising prices is moving to other countries, offering different opportunities. Companies that remain actively involved are ready to wait patiently and develop properties, while searching for strategic investors, Dnevnik newspaper reported. Though the price of some terrains doublejumped in one year, a slowdown is starting to settle in. The price increase for
Property prices in Sofia continue to rise according to the latest imoti.net data. or the last six months the price of a square metre has risen to nearly 600 euro. Among the most expensive suburbs are Ivan Vazov, Yavorov and the central parts of the city, Banker newspaper reported. Brokers say offers lower than 400 euro a square metre have simply disappeared. Cheaper properties include those in Obelya, Tolstoi,
According to 25 per cent of the property investors in Bulgaria, the purchase of a terrain close to some major city is the most profitable real estate market participation option. Investors purchase such terrains most often for the construction of an office building or trade centre, Novinar newspaper reported. Such types of investment lead in a ranking of the most preferred real estate purchases. an Investor.bg
The Bulgarian property market has returned to tendencies from two to three years ago, when increasing numbers of people bought terrains few kilometres off big seaside cities. In 2004 this tendency led to property price inflation. Many people back then purchased large properties for personal needs at cheaper prices. Land has now become more expensive and owners started reselling, tempted by the
Eastern Europe maintains its status as one of the most attractive property destinations, though investors are becoming more skeptical about new offers on the market. Many property companies turn to Southeastern Europe because of the high income return, Dnevnik newspaper reported. In comparison to Londons return rate of five per cent, Ukraines reached 15 per cent. Investors worry whether the small