Luxury homes have diminished in value by about 40 per cent since the onset of the global economic downturn, while the number of sellers of such properties has doubled, real estate agency Unique Estates said on October 26, as by Dnevnik daily.
Archive for the ‘Commercial’ Category
Luxury real estate prices in Bulgaria slump by 40 study
Tuesday, October 27th, 2009Eurohold Bulgaria sells Auto Union Centre for 27.3 million euro
Sunday, October 11th, 2009Eurohold Bulgaria has shed the Auto Union Centre complex for 27.3 million euro to real estate Bluehouse LP, an official press release has said on October 12 2009.
Planex commences construction of business park Sofia 1
Monday, September 28th, 2009Planex will begin construction of business park Sofia 1 on September 30 2009 on the site of the former Electronika factory in Slatina. The complex will span 36 000 sq m, Dnevnik daily reported on September 29, citing a Planex press release.
Decline of retail space value in Sofias top areas continues
Wednesday, September 23rd, 2009The Foros company, owned by Dobromir Ganev, CEO of GVA Sollers Solutions, signed a contract with international consultancy firm GVA Worldwide on September 24 2009 aimed at helping both firms provide consultancy intelligence and investment services in the real estate sector, the Bulgarian news agency BTA has reported.
Interest in Bulgarian property falls
Monday, September 21st, 2009British investors are turning their backs on countries like Bulgaria and choosing more traditional countries to purchase property, according to the latest figures.
Carrefour, Vivacom confirmed as tenants of European Trade Centre in Sofia
Monday, September 14th, 2009The European Trade Centre ETC has confirmed that the first tenants, poised to move in in January 2010, are Carrefour and Vivacom, Dnevnik daily said.
Baumax opens for business in the 20 million euro Vazov retail park
Sunday, September 13th, 2009Retail park Vazov on Sofias Vladimir Vazov Boulevard will become one of the largest retail complexes for specialised goods in the country, with over 27 000 sq m in retail area, a total investment of which has been estimated at over 20 million euro, Stroitelstvo Gradut reported on September 9 2009.
Bulgaria tops European charts for new shopping mall construction
Sunday, September 13th, 2009There is an explosion in the construction of new shopping malls in Bulgaria, a tendency which is apparently unaffected by the economic stagnation caused by the global crisis, declining customers and lack of financing in the market.
Black Sea hotel owners try to sell at inflated prices
Tuesday, August 18th, 2009Real estate agents in Burgas are reporting that 204 hotels are currently up for sale on the Southern Bulgaria Black Sea coast.
Sales slump by half across country
Thursday, August 13th, 2009Latest statistics on the Bulgarian real estate market, quoted on the website of PropertyWire, show that the number of properties sold in Bulgaria fell sharply in the first half of the year and that the volume of new real estate being built is also declining.