Property funds post dimmer 9month earnings
Gloom and glee were equally mixed in the ninemonth financial results reported by Bulgarian property funds, with many real estate investment trusts REITs worse off at the end of September compared to a year earlier.Intercapital Property Development swung to a profit of 6.5 million leva and pocketed about 24 million leva from selling 13 000 sq m of flats in its St Marina holiday village near the Black Sea town of Sozopol.