News
Whats New in the Bulgarian Real Estate Market
Written by BPAG
Whats New in the Bulgarian Real Estate Market
The National Real Property Association (NRPA) is reporting:Â
'Bulgaria Estates Reach Real Market Prices'Â
(All ths is to be taken with a grain of salt of course)
Novanite News | June 9, 2009, Tuesday
It is difficult to predict when the prices will start going up again. The prices of the real estates in Bulgaria have almost reached their real market prices. This was announced Tuesday by the chair of the The National Real Property Association (NRPA), Lachezar Iskrov, in an interview for Darik Radio. In his words, it is difficult to predict when the prices will star doing up again.
Currently, two-room apartments are what most of the buyers look for in the capital Sofia. Best locations for buying a mid-price property are Lyulin and Druzhba quarters, Iskrov explained. One of the most prestigious regions remains this around the South Park, he said.
However, Iskrov denied that there were realties with good location, and with good construction quality at prices of EUR 1 000-1 200 per square meter. On the contrary, other real estates broker claim that the Sofia market offers deals for under EUR 900 per square meter.
All specialist, though, advise to mind construction quality.
LOLÂ
YES YOU DID SEE THAT THEY ARE WARNING OF THE VARIABLE CONSTRUCTION QUALITY IN BULGARIA
****MEANWHILE****
Did you know???
Kuwait has invested over USD 20 M in Bulgarian properties in 2008.
Kuwaiti investors have shown increased interest towards Bulgaria despite the global financial crisis, due to the good reputation of the country's tourism and the attractive real estate prices, according to Bulgaria's Foreign Ministry.
100 Properties in Bulgaria Capital Cost over EUR 1 M
100 real estates in Bulgaria's capital, Sofia, are offered at a price of over EUR 1 M, according to official advertisements. The most expensive property costs EUR 4,9 M, and is situated in downtown Sofia, near the Doctor Park, the Pari Daily reported.
News provided by Bulgaria Property Action Group on 13/06/09
Bulgaria Govt to Inject BGN 500 M into Commercial Banks by April
Written by Administrator
Global Financial CrisisBulgaria's government is going to inject BGN 500 M into the country's commercial banks by the end of March, 2009, using credit lines of the Bulgarian Development Bank.
This became clear Monday as the Bulgarian Prime Minister Sergey Stanishev presided over a working meeting of government and banking officials, which discussed the readiness of the Bulgarian Development Bank (BDB) to provide the commercial banks with credits amidst the raging global financial crisis.
Irish buy-back scheme for Bulgarian Black Sea properties
Written by Administrator
Irish investment company, Appreciating Assets Ltd, has released a new buy-back scheme to purchase completed properties owned by overseas investors on the Bulgarian Black Sea Coast. The initiative is being backed by funds raised from a syndicate of their existing international client base.
This is the first syndicate of its type, which buys back completed properties from overseas investors; it aims to capitalise on what is termed "the unparalleled levels of ownership achieved by Irish and British property investors on the Black Sea in recent years."
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