After two quarters of decline, the number of construction permits issued by Bulgarian authorities in the second quarter of 2008 rose by 24 per cent to 4355, data from the National Statistical Institute data showed on August 21.
Archive for August, 2008
Construction permits number up 24 in Q2
Wednesday, August 20th, 2008Bulgarian farmland funds amass 71 000 ha
Tuesday, August 19th, 2008Bulgarian real estate investment funds REITs focused on arable land have accumulated 71 000 ha, according to the latest market data, which also showed that the biggest special purpose vehicles were boosting their market share.
School closures a windfall for property developers
Monday, August 18th, 2008Bulgaria will close a record number of schools this year, allowing developers to remodel the buildings into hotels, retirement homes, spa centers or small factories, a Dnevnik investigation has found out.
REIT Advance Terrafund farmland stock at 24 000 ha
Sunday, August 17th, 2008Advance Terrafund, the Bulgarian real estate investment trust REIT, said its agricultural land totaled 24 300 ha at the end of July, up 500 ha monthonmonth and 5300 ha yearonyear.
Outlook for Sofia office space market good CB Richard Ellis
Sunday, August 17th, 2008Despite the effects of the credit crunch and forecasts for an overall slowdown in economic growth, Bulgarian gross domestic product defied the expectations of economists by recording seven per cent growth in the first quarter of 2008, real estate consultants CB Richard Ellis said in a Sofia office market overview for the first half of 2008.
Bulgarian defence ministry lists 243 properties for sale
Wednesday, August 13th, 2008The Bulgarian Defence Ministry will put 243 properties around the country up for sale in autumn, as it attempts to shed redundant assets, defence minister Nikolai Tsonev said.
Bulgarian property market may recharge growth over short term
Wednesday, August 13th, 2008Bulgarias property market was treading water with holiday homes emerging as the riskiest segment, Bulgarian real estate investment fund REIT managers said on August 13.
CEE investment activity slows down in H1 study
Tuesday, August 12th, 2008Investment in the Central and Eastern European CEE region in the first half of 2008 decreased to 5.9 billion euro, a 14 per cent decline from the same period in 2007 and 24 per cent down from H2 2007 results, real estate consultants CB Richard Ellis said in an investment market report.
New subsidiary to manage Bulgarian telco BTC real estate assets
Sunday, August 10th, 2008BTC, the dominant Bulgarian fixedline telecom, will seek shareholder approval to transfer 100 real estate properties valued at over 281 million euro to one of its subsidiaries. The general meeting of shareholders is scheduled for September 23.
Land plots near Sofia still increasing in value
Sunday, August 10th, 2008The average price of land plots suitable for construction near Sofia has increased between 10 and 15 per cent since the beginning of 2008, Era Izida Properties has said, quoted by website investor.bg.