Bulgarian Reals - Bulgarian property experts http://www.bulgariareals.com/ Property Finder en RealEstateCMS Sun, 26 Oct 2008 02:34:02 -0700 Sun, 26 Oct 2008 02:34:02 -0700 http://blogs.law.harvard.edu/tech/rss Bulgaria have gone up by 3% in the third quarter of 2008 compared to the second quarter of the year.

The data does not include residential units in newly constructed buildings.

The greatest price increase was registered in Plovdiv - 11% while the average price increase in the capital Sofia is 6,8%.

The prices also grew significantly in the Rhodoppe Mountains city of Smolyan (10.4%), in Dobrich (9%), in Silistra (6.6%), and in the Black Sea city of Bourgas (3,4%).

The average apartments prices in Bulgaria's sea capital Varna actually declined by -0.4%. Other decreases were registered in Rouse (-5.9%), in Blagoevgrad (-5.2%), and in Shumen (-7.7%).

The average price of apartment property in Bulgaria has reached 1 418,24 leva per square meter or slightly over 700 euros

The highest average prices per square meter are in Sofia - 2 470 leva per square meter, Varna - 2 129,67 leva, Bourgas - 1 755 leva , Plovdiv – 1655 leva, Ruse - 1 646 leva, Veliko Turnovo – 1331 leva.

The cheapest apartments are in Kyustendil - 751 leva per square meter, Silistra 763 leva, and Kurdzhali 855 leva.


Bulgarian property]]> http://www.bulgariareals.com/news/261/.html Sun, 26 Oct 2008 02:34:02 -0700 http://www.bulgariareals.com/news/261/.html Sofia airport has been granted a 3A category, meaning that airplanes could land with a visibility as low as 200 meters.

After its renovation the airport in Sofia had a category 1 permitting lending of airplanes with visibility of 550 meters or more. The Transport Ministry then established a goal of upgrading the airport's category and providing better landing conditions despite the fact that the airport’s location poses many obstacles for the category upgrade because the foggy conditions at Sofia's airport are much more frequent than at other airports in the country. Regardless of the difficulties, the Sofia airport became the first airport in Bulgaria to have a category 3A, which means that the number of canceled or delayed flights would be significantly reduced.

The next step is the acquisition of a category 3B, which so far has been granted to only 10 airports in Europe. In order to obtain a category 3B, the road to Sofia airport must be changed as well.


Property In Bulgaria]]> http://www.bulgariareals.com/news/260/.html Sun, 26 Oct 2008 02:24:15 -0700 http://www.bulgariareals.com/news/260/.html Bulgaria have achieved a total turnover of 2.7 billion leva in 2007.

Glavbolgarstroy JSC with a total turnover of 228.9 million leva has kept its leading position as the largest Bulgarian construction company in Bulgaria, followed by Patishta ("Roads") Holding, owned by the richest Bulgarian Vasil Bozhkov, with a turnover of 151,7 million leva.

Glavbolgarstroy JSC is the leading company in the high construction field, whereas Patishta Holding is the number one in the infrastructure category.

The engineering company Enemona with a total turnover of 56 millions ranks first in the energy projects category, while Geotechmin is the leader in the public works field with a turnover of 109,3 million leva.

A total of 2 400 construction companies, which are members of the BCC, applied for a spot among the top 50. The Chamber has prepared the annual rankings of the top 50 Bulgarian construction firms and the most successful of them received awards at a special ceremony held on October 24.

According to the BCC, in 2007 Bulgaria's construction sector registered its usual growth of 15-16%.


Property In Bulgaria]]> http://www.bulgariareals.com/news/259/.html Sun, 26 Oct 2008 02:15:33 -0700 http://www.bulgariareals.com/news/259/.html Bulgaria in the next six months.

The unified real estate standards have been in the works in the last three years; they are currently beyond the public discussions stage, which has been conducted among all of the European Union member states, including Bulgaria.

Bulgaria, as a member state of the EU, would be mandated to comply with the European quality requirements. According to Staneva, the new standards would naturally lead to the elimination of those not qualified to work in real estate.

Maya Staneva spoke during a national conference-discussion dedicated to current issues in the real estate sector in Bulgaria. The conference was held in mid-October under the patronage of the Bulgarian Deputy Prime Minister and Foreign Minister Ivaylo Kalfin.




Bulgaria property]]> http://www.bulgariareals.com/news/258/.html Wed, 22 Oct 2008 07:27:41 -0700 http://www.bulgariareals.com/news/258/.html Bulgaria in the January-August period of 2008.

Krushkova announced the data during the presentation of the first regional organization for the management of a tourist region dedicated to the Sofia tourist region.

The above number of 4.3 million visitors represents a 15% increase compared to the same period of 2007.

The foreign visitors have spent over 1.5 billion euro in Bulgaria for the same eight months. The amount i is a 12.1% increase compared to the 2007 amounts.

in the January-August period of 2008, nearly 4 million Bulgarians traveled abroad and spent 911.1 million leva - a 25% increased compared to the first eight months of 2007.




Bulgaria property]]> http://www.bulgariareals.com/news/257/.html Wed, 22 Oct 2008 07:13:22 -0700 http://www.bulgariareals.com/news/257/.html
The center is going to be located on the Black Sea coast in the southeast Bulgarian town of Tsarevo. David Varod announced the news after a meeting with the Mayor of the town Petko Arnaudov. NU IMAGE has selected the town of Tsarevo for this investment because of the willingness of the municipal administration to cooperate for the development of the plot.

The company is planning to construct a unique movie center with a special water pool right on the Black Sea coast. The pool will be used for shooting scenes and the adjacent sea will serve as the background.

According to Varod, the unique facility would be attractive for moviemakers from many countries because there are only two such pools - one in Malta, and another one in England.






Bulgaria property]]> http://www.bulgariareals.com/news/256/.html Wed, 22 Oct 2008 06:59:49 -0700 http://www.bulgariareals.com/news/256/.html Varna is emerging as a prime destination and location for international businesses.

The consulting company reports that the Bulgarian "Black Sea capital" Varna is especially suitable for research and development activities, IT business, and opening of call centers.

In addition, to the well-developed transport sector with a busy airport and location at the easternmost end of the Pan-European Transport Corridor No. 8, Varna’s main advantages include lower investment costs than capital Sofia, good infrastructure, and a sufficiently qualified labor force, thanks to the technical and economy universities in the city.

The city’s services sector is also well-developed thanks to the five million plus tourists, who visit the Black Sea capital each year. Varna's location close to leading sea resorts such as Golden Sands, its recreation opportunities, and rich cultural heritage are also considered significant advantages.


Property In Bulgaria]]> http://www.bulgariareals.com/news/255/.html Mon, 13 Oct 2008 06:56:55 -0700 http://www.bulgariareals.com/news/255/.html Bulgaria, the City Center Sofia, was sold by former owner Equest Balkan Properties to Heitman European Property Partners for 101,5 million euro

The deal was made in accordance with the CB Richard Ellis evaluation in June and will be finalized in November 2008 after an inspection of the Competition Protection Commission.

Equest Balkan Properties acquired the City Center Sofia in 2006 for 94 million euro from Stroitown, when the mall was still under construction.

The City center mall is located in downtown Sofia close to the Hilton Hotel and the National Palace of Culture and has a total area of 22 000 square meters.





Bulgarian property]]> http://www.bulgariareals.com/news/254/.html Mon, 13 Oct 2008 06:52:35 -0700 http://www.bulgariareals.com/news/254/.html Black Sea town of Kavarna municipal press center recently announced that two famous Russian artists have purchased apartments in the vacation village and SPA complex "White Coast" near the town.

"White Coast" is located 5 km away from Kavarna, near the golf course "Trakya Rocks." The Russians are the singer Oleg Gazmanov and the painter Ilya Glazunov. Other well-known people, who have purchased apartments in the area include the rugby player from the United Kingdom National rugby team Mark Cueto and the Deputy Mayor of the Russian city of Smolensk Vladimir Labovski.

The mayor of Kavarna, Tsonko Tsonev, who in recent years became famous for making the town the "rock capital" of Bulgaria and the Balkans, has stated that the Russian invasion of Kavarna was continuing with more and more Russian citizens interested in purchasing real estate in the area due to its beautiful nature.


Property In Bulgaria]]> http://www.bulgariareals.com/news/253/.html Mon, 13 Oct 2008 06:49:04 -0700 http://www.bulgariareals.com/news/253/.html Sofia, Bulgaria has attracted a total of 8,429 billions of $ of foreign direct investments in 2007,

This data shows that in 2007 Bulgaria's foreign direct investments have increased by 900 millions of $ compared to 2006.

Bulgaria ranks fourth among the twelve new EU member states by the volume of the foreign direct investments in the country in 2007. The top three ranks are occupied by Poland, Romania, and the Czech Republic.


Bulgaria property]]> http://www.bulgariareals.com/news/252/.html Sun, 05 Oct 2008 09:37:50 -0700 http://www.bulgariareals.com/news/252/.html