05.12.2008 - 32931 verified real estate property ads for sale and rent in Bulgaria

New mall in the town of Pleven

The main concept of the design is “organised chaos” The first commercial and recreation centre in Pleven - Central Mall Pleven – has greeted its first wave of clients with 95 per cent of its capacity being “occupied”, according to Valerii Ruskov, manager of the investment company Nia, the mall's main investor. The new centre, on Vassil Levski Street, opened on November 28. It's an architectural collaboration between Proskonsult, with architects Krassimir Popov, Sergei Bonev and Emil Borisov.The arduous challenge for the mall started from the onset, both for the investment team and ...

26.11.2008

Real Estates

Construction permits number down 1.5% in Q3

Residential developments continued to account for the largest share of the total permits issued The number of construction permits issued by Bulgarian authorities in July-September 2008 was 1.5 per cent lower compared to the previous quarter, at 4327 versus 4355, data from the National Statistical Institute data showed on November 26.Albeit small, it was the third quarter of decline over the past 12 months and the trend is expected to continue as the number of permits fluctuates seasonally with fewer applications in winter, but also because the global credit crunch has forced developers to ...

25.11.2008

Mall Varna changes hands

Scottish property group Miller Developments is the new owner of Mall Varna, foreign media reported on November 16 2006. The deal was sealed for 120 million euro, and according to the Sunday Herald, this is the group's biggest property transaction in continental Europe. Keith Miller, chief executive of the Miller Group has been quoted as saying that with this acquisition, Bulgaria becomes one of the eight countries in which the company is operating outside the UK. Mall Varna opened in June 2008 and it is the largest new retail and leisure development in Bulgaria, spreading on 33000 sq m and ...

19.11.2008

Real Estates

Romanian property buyers set sights on Bulgaria

The property boom that started in Romania a few years ago is moving towards neighbouring Bulgaria where land and home prices are still lower, Romanian newspaper Financiarul reported. Romanian homebuyers are shifting their focus to Bulgaria and are especially interested in the holiday segment. Experts said Romanian buyers have struck property deals worth 3.6 mln euro in Bulgaria.A growing number of Romanian investors are eyeing the Bulgarian market because of the better return. Local legislation only allows foreigners ownership over buildings and not ...

19.11.2008

Bulgaria ranks 68th in the world by the economic freedom index

Bulgaria ranks 68th in the world by the economic freedom index, according to data from the annual report of the Canadian Institute "Fraser" distributed in Bulgaria by the Institute for Market Economy. The index published measures the degree to which the policies and institutions of countries are supportive of economic freedom. The cornerstones of economic freedom are personal choice, voluntary exchange, freedom to compete, and security of privately owned property. Forty-two variables were used to construct a summary index and to measure the degree of economic freedom in five areas: size of ...

19.11.2008

Bulgaria Exhibit in Saragossa registers half million visitors

The book where visitors have written their impressions reflects views of the country as an interesting, beautiful and adventure attracting location Nearly half million people have visited the Bulgarian exhibit pavilion in Saragossa during the World Exposition held between June 14 and September 14, according to the International Plovdiv Fair press center. June 21 has been the pick day with visits reaching over 12,000. During the rest of the time, there have been an average of 5,000 visits while the weekend average reached 8,000.There have also been over 40 official visits of delegations and ...

14.11.2008

Super Borovets to apply for eco certificate

The plan includes "revolutionary" for Bulgaria construction, such as "passive buildings" or buildings that are heated and cooled by themselves The main investor in the new Super Borovets mega ski resort is to apply for an EMAS (Eco-Management and Audit Scheme) eco certificate which guarantees that all work, products and services will be done in accordance with the highest European eco standards. So far, Super Borovets is still only on the drawing board, as construction is yet to be given the go-ahead.The Eco-Management and Audit Scheme is the EU voluntary instrument which acknowledges ...

11.11.2008

Real Estates

Real estate sellers give bonuses

building contractors make attractive offers and bonuses The global situation on the real estate market and the increasing competition has forced the building contractors and intermediary companies to more and more attractive offers and bonuses to them, states an analysis of the metropolitan agency ERA IZIDA Properties. There have been even gifts for the more luxury real estates, such as the “Bentley” jets or a guaranteed one-week vacation for the oncoming 10 years. Enterprisers started giving as a gift the cellar and the garage, which used to cost money until recently, to the buyers of ...

11.11.2008

30M euro open-air mall planned for Bourgas

The investment in the new shopping centre is estimated at 30 million euroDeveloper ZBS plans to begin construction on the first open-air mall in Bulgaria in March 2009. The Strand mall would be built on a six ha plot near the highway to Sofia, next to a Baumax hypermarket, currently under construction. The open-areas will be built like pedestrian streets and will be covered in bad weather.Initially planned to open in the summer of 2009, according to ZBS' website, the mall is now scheduled to begin operations in 2010, investor.bg reported.Designed by British architecture and interior design ...

31.10.2008

Leading architectural studios short-listed for design of government centre

The Government centre would spread on 60ha, and the initial plans envision the construction of administrative buildings, hotels, residences for diplomats and sports centers The Regional Development and Public Works Ministry has short-listed six architectural studios for the design of a Government centre, meant to rise on the area near the sixth km of the Tsarigradsko Chaussee Boulevard in Sofia.Out of 19 applicants, the ministry's short-list includes Foster+Partners, a London-based firm led by world-renown architect Norman Foster, who has another project in Bulgaria working with architect ...

31.10.2008

Resort Operator Albena to sell two seaside projects

The complex should be finished by the end of 2010 at a cost of 17 million euroBulgarian resort operator Albena AD has put up for sale its upscale holiday complex in Byalata Lagouna (White Lagoon) area, on Bulgaria’s northern Black Sea coast.The project is up for grabs for 42.5 million euro, and comprises two units of 177 flats, a spa centre with an indoor and an outdoor swimming pool, a beach, a tennis court, a restaurant, a sweet shop, a supermarket and a parking lot.Albena unveiled in June plans to build on the 2.2ha land plot after failing to sell it. The complex should be finished by the ...

31.10.2008

Balkan trade house breaks ground on 10m euro complex in Pazardjik

The investor said apartments will sell from 550 euro a sq m and have already drawn potential buyersBulgarian architecture and engineering consultancy firm Balkan Trade House will spend 10 million euro to build a multi-task complex in the southern town of Pazardjik, according to Filip Tsanov, who advises the project.The Fountains complex will be funded by a tailor-made mortgage product by First Investment Bank. It will sprawl on 3.4ha and comprise 22 four-storey blocks of flats, a swimming pool, sports facilities, children’s playgrounds, a kindergarten, a restaurant and an administrative ...

24.10.2008

Buyers snub holiday properties

While investment purchases have not stopped, prices were now lower than even a year ago Bulgaria's holiday property market was saturated and big projects found no buyers because they were unprofitable, the managing director of Foros real estate agency Dobromir Ganev has said.Local company Terra Trans Consult has suspended a 200 million euro holiday village project in Balchik due to the severe economic conditions, the town’s mayor Nikolai Angelov said. The company’s Balchik Paradise complex was to deliver houses, a hotel, a spa centre, a conference hall and a cinema hall.Tsonko Tsonev, the ...

24.10.2008

Bulgarian property prices gain 3% on average in Q3

the market is settling and switching to stand-by mode as some sellers have withdrawn hoping for better times, while others are chopping off prices with loan installments digging deeper in their pockets The prices of Bulgarian residential properties have increased on average by three per cent to 1418 leva a sq m in the third quarter of 2008, compared to the previous quarter, data from the National Statistical Institute has showed.Flats sell for more than 1000 leva a square metre in half of the country’s 28 administrative centres. Brokers say the market is settling and switching to stand-by ...

24.10.2008

Finance and Taxes

Mortgage rates hit new highs in September

The average annual interest rates of 20-year mortgages denominated in euro is now 8.46 per cent Four Bulgarian banks raised the interest rates charged on lev-denominated mortgage loans in September, data from moitepari.bg website, which compares loan and personal finance offers of different lenders, showed.The Moite Pari leva-denominated index, which tracks the average annual interest rates of 20-year mortgages, picked up five basis points to reach 9.61 per cent, the highest since was launched at the end of 2005.Five of the fifteen leading local-currency mortgage lenders tracked by the index ...

15.10.2008

Bulgaria offers Russian property investors safe haven - officials

Still more Russian investors buy complete apartments and houses in small and mid-size Bulgarian towns to develop businesses at ski- and medical therapy resorts Bulgaria will continue to be a safe haven for Russian property investors despite the global financial crunch, a panel of Bulgarian officials have said during Sofia-Moscow video conference that is part of a series on the prospects of Russian-Bulgarian cooperation in the field of tourism, organised by Russian news agency RIA Novosti organized at the Hilton hotel in Sofia.The panel included Deputy Foreign Minister Milen Keremedchiev, the ...

15.10.2008

Sozopol sets sights for the rich and famous

Affluent tourists will be teased with the creation of a small airport for private aircraft, with a runway spanning 1.8km between the Ravna Gora and Izvor villages The municipality of Sozopol, a Bulgarian Black Sea resort town, has implemented a construction plan, which aims to attract the rich and famous. Affluent tourists will be teased with the creation of a small airport for private aircraft, with a runway spanning 1.8km between the Ravna Gora and Izvor villages, Bulgarian construction news website stroitelstvo.bg reported. Sozopol chief architect Roumen Alexandrov and the mayor of the ...

14.10.2008