News

Bulgaria Still in Top Ten on Britons' Property Map - Overseas Portal

17.01.2012

novinite.com

Bulgaria is keeping its standing among the top ten most preferred real estate markets for overseas buyers


Bernard Investments Acquires Oriflame Center in Bulgaria

04.12.2011

novinite.com

Bulgaria's real estate investment trust ERG Capital 1 has sold the Commercial Center Oriflame in the capital Sofia to Bernard Investments


Foreclosure Sales, Bankruptcies on the Rise in Bulgaria

14.11.2011

novinite.com

Private law enforcement officers sell an average 550 pieces of property owned by debtors each month, according to statistics.


Bulgaria's construction output extends downtrend in September

07.11.2011

The Sofia Echo

Bulgaria's construction output dropped by 11.6 per cent year-on-year in September 2011, preliminary data by the National Statistics Institute (NSI) showed on November 7 2011.


New housing construction in Bulgaria grows 13% Y/Y in Q2 2011

10.08.2011

The Sofia Echo

Newly-built housing, however, dropped by 26 per cent in annual terms to 3500 homes in the quarter.


Bulgaria's building permits extend downtrend in Q2 2011

02.08.2011

The Sofia Echo

The number of building permits issued in Bulgaria continued to fall in the second quarter of 2011 on an annual basis, extending the downtrend of the past four years.


Bulgaria's Construction Sector Collapses Further in May

08.07.2011

novinite.com

Bulgaria's construction sector, the backbone of the country's economic boom in 2006-2008, is continuing its free fall, latest statistical data indicates.


Europa Capital Buys Bulgaria's Mall of Sofia

08.06.2011

novinite.com

London private equity fund manager Europa Capital has bought the Bulgarian capital's Mall of Sofia or more than EUR 100 M.


Bulgaria's Construction Index Down 2.7% in April 2011 M/M

07.06.2011

novinite.com

In April 2011, the index of production in the construction sector in Bulgaria, calculated on the base of seasonally adjusted data, was 2.7% below the level recorded the previous month.


Piraeus Bank Acquires Sofia Office Building

01.06.2011

Property Xpress

Greek-based Piraeus Bank has signed a preliminary agreement to acquire an office building in Sofia, part of the European Trade Center office compound on Tzarigradsko Shosse.


IKEA to Build Second Bulgarian Store

24.05.2011

Property Xpress

Athens-based Fourlis Group, the IKEA franchise-holder for Bulgaria, is planning to build a second store in the country, in the Black Sea city of Varna.


Bulgaria's construction output decline third sharpest in EU in March

18.05.2011

The Sofia Echo

The countries that fared worse than Bulgaria in the period were Slovenia and Portugal, who saw their construction output fall 7.4 per cent and 5.1 per cent month-on-month, respectively.


601 New Residential Buildings in Bulgaria in Q1 2011

10.05.2011

novinite.com

In the first quarter of 2011, the newly built residential buildings in Bulgaria were 601, according to the preliminary data of the National Statistical Institute, NSI, released Tuesday.


Bulgaria's Residential Building Permits Down by 3.6% y/y Q1 2011

02.05.2011

novinite.com

Bulgaria's issued building permits for new residential buildings decreased by 3.6%, and their dwellings - by 11.9% in the first quarter of 2011 year on year.


TransGlobal Assets Contracts Bulgarian Construction Firm for Black Sea Resort

26.04.2011

novinite.com

TransGlobal Assets, an Oregon-based company, has contracted Bulgarian construction firm Sofstroy for complete the development of the White Lagoon Black Sea resort, a USD 400 M project.


Construction Output down by 0.7% in EU Area

21.04.2011

publics.bg

On yearly basis, among the Member States for which data are available for February 2011, construction output rose in six and fell in eight countries


Decline in Bulgaria's construction output slows down in February

07.04.2011

The Sofia Echo

Building construction went down by 0.4 per cent on the month, while engineering construction output decreased by 1.6 per cent.


Sofia Municipal Council Cancels Scandalous Zoning

17.03.2011

novinite.com

The Sofia Municipal Council has canceled its decision for altering the Bulgarian capital's zoning, which triggered an outrage stirred by the recent increase of property taxes


Bulgarian Construction Production Dropped by 12.4% y/y in January 2011

07.03.2011

novinite.com

In January 2011, the working day - adjusted index of production in Bulgaria's construction sector showed a 12.4% drop year on year, according to the National Statistical Institute's preliminary data.


Bulgaria's building permits declined in Q4 2010

24.02.2011

The Sofia Echo

The number of residential and administrative building permits issued in Bulgaria continued to decrease in the last quarter of 2010, with only industrial permits registering a slight increase in built-up area on a quarterly basis, according to National Statistics Institute (NSI) data.


Bulgaria Construction Production Down by 13% in December 2010

07.02.2011

novinite.com

The production in the construction sector in Bulgaria registered a drop by 13% in December 2010, compared to the previous month, according to preliminary data by the National Statistics Institute


Bulgarian landlords who fail to declare rental income face 6000 leva fine

19.01.2011

The Sofia Echo

The NRA has stepped up its war against rogue landlords, calling for the public to remain vigilant and inform the authorities of people who collect rent without declaring it.


Bulgaria's Construction Registers 2,6% Growth November 2010

07.01.2011

novinite.com

Bulgaria's construction sector registered a 2,6% growth in November 2010, compared to the same month in 2009, according to preliminary seasonally adjusted data from the National Statistics Institute


Number of New Residential Buildings Shrinks in Bulgaria

03.12.2010

novinite.com

The number of newly built residential buildings in Bulgaria has dropped with 15.1% year on year under the third quarter of 2010, according to the National Statistical Institute.


Bulgaria's Residential Construction Down 27% in Q3 Y/Y

23.11.2010

novinite.com

Compared to the second quarter of 2010, the number of started residential buildings in Bulgaria is down 4%, but the number of apartments is up 25%


Retail Forum Meeting

12.11.2010

ICSC, European Parliament

In Brussels on 9 November, the EU Retail Forum on Sustainability held its seventh meeting.


Bulgaria's September Construction Index Down 13% Y/Y

10.11.2010

NSI

According to the preliminary data of the NSI, the production in section ‘Construction’, calculated on the base of seasonally adjusted data, registered a decrease by 1.1% in September 2010, compared to the previous month.


Equest Sells Sofia Cinema Site Urvich to Bulgarian Realtor

03.11.2010

novinite.com

Trans Balkan Investments Limited, known until recently as Equest Investments Balkans Limited, announced it has signed a preliminary agreement for the sale of Urvich, the former cinema site, with an unnamed Bulgarian real estate development company.


CEI: European Standard EN 15733 for Real Estate Agents

25.10.2010

CEI

During the International Conference about the Implementation of the European Standard EN 15733, held by NREA and CEI in Sofia, it became obvious that the EN 15733 is established in most European countries as a common Standard for the profession of real estate agents in Europe


Mercator Launches First Sofia Store

20.10.2010

Property Xpress

Mercator-B, a Bulgarian subsidiary of Slovenia-based Mercator, will open its first Sofia store next week


Bulgarian Retail Chain to Invest in Cash and Carry Stores

12.10.2010

novinite.com

The Bulgarian retail chain Piccadilly is planning to invest BGN 100 M in the development of a new "cash and carry" chain by 2013


Bulgaria's August Construction Index Down 12% Y/Y

11.10.2010

novinite.com

In August, the construction production in Bulgaria is up in comparison to previous month, but is still down on annual basis, statistics show


Lidl to Open Stores in 25 Bulgarian Municipalities

07.10.2010

Property Xpress

Germany’s discount supermarket chain Lidl will open stores in 25 municipalities in Bulgaria over the next six months


EUR 200 mln Club Loan to Fund Retail Expansion in Bulgaria, Romania

01.10.2010

Property Xpress

A EUR 200 mln long-term syndicated loan facility was approved at the end of September to finance expansion of the Schwarz Group’s Kaufland operations in Poland and Bulgaria and Lidl operations in Bulgaria and Romania, project lender, the EBRD, announced.


175,000 Sq. m Shopping Mall Planned for Sofia, Bulgaria

27.09.2010

Property Xpress

Bulfeld company has begun construction of a large shopping mall in the Sofia’s Lozenets district


Russian Developer Proceeds with 120,000 Sq. m Sofia Mixed-use Scheme

20.09.2010

Property Xpress

A Russian investment and financial company intends to put the first phase of a multifunctional complex in Sofia into operation at the end of 2010


Bulgarian-Chinese industrial complex near Bozhourishte is pending

14.09.2010

Sofia Echo

A joint Bulgarian-Chinese company will manage the future industrial zone near the village of Bozhourishte, close to Sofia, the Bulgarian Economy Ministry said.


Construction production drops in July

10.09.2010

NSI

By the preliminary data of the NSI, the total construction production in July 2010 decreased by 19.9% compared to the same month of the previous year


CLFG to Invest EUR 120 mln in Bulgarian Industrial Facility

07.09.2010

Property Xpress

Chinese managers and bankers, who arrived in Bulgaria at the end of August to hold a series of meetings with Bulgarian local and government authorities have decided to invest EUR 120 mln in a glass producing plant on the site of the former Diamond factory in Razgrad


35% decrease in the newly built residential dwellings for the second quarter of the year

03.09.2010

NSI

According to the preliminary data of the National Statistical Institute, in the second quarter of 2010 the newly built residential buildings were 576 and compared to the respectively quarter of 2009 decreased by 20.0%


Eleven bidders show up for 2-km Sofia ring road

25.08.2010

amcham.bg

Eleven companies submitted bids to build a 2.14-kilometre section of the Sofia beltway, and nine more are seeking to supervise the construction process.


Bulgarian Privatization Agency Seizes Vivacom Properties

16.08.2010

Property Xpress

The Privatization Agency has seized over 850 properties of Bulgaria’s telecom service provider Vivacom across the country.


Bulgaria's June Construction Index Down 18% Y/Y

10.08.2010

novinite.com

In June 2010, the construction production in Bulgaria is down 18% year on year, data published Tuesday by the National Statistics Institute (NSI) shows.


Billa Acquires Sofia’s Iztok Cinema for EUR 1.43 mln

05.08.2010

Property Xpress

Billa retail chain has acquired the former Iztok cinema theater in Sofia for cash considerations of EUR 1.43 mln, the seller, UK-based Trans Balkan Investments (TBIL) announced in a statement.


EUR 45 mln to Fund Resort Development in Bulgaria

04.08.2010

Property Xpress

About EUR 45 mln will be allocated for development of a resort complex on the Bulgarian Black Sea coast next year.


Plant Construction Advances in Bulgaria

02.08.2010

Property Xpress

Construction work on the first hall of a car factory has begun in Bulgaria.


EUR 33 mln Urban Development Fund Launched in Bulgaria

29.07.2010

Property Xpress

A EUR 33 mln fund has been established to focus on income generating, urban development projects in Bulgaria, including revitalization of urban areas in seven big cities in the country.


Parktiker: Bulgaria and Romania Posted Better Sales Development in Q2 than in the First Three Months of 2010

27.07.2010

Property Xpress

Praktiker’s net sales in Romania fell 12.4 pct in the first half of 2010, compared to the same period last year, to EUR 96.5 mln, due to the exchange rate and the difficult economic situation.


Bulgarian Property Developments and Fairplay Break Partnership

26.07.2010

Property Xpress

Fairplay Commercial and Bulgarian Property Developments (BPD) have dissolved their partnership started at the end of 2006 with the purchase of a 13.2 ha site of the former Yanko Kostov factory in Varna, at a price of EUR 12 mln. Both partners planned to build a state of the art logistics park there, in addition to the existing warehouses and offices.


Benchmark Fund in Talks to Sell Sofia Office Buildings

23.07.2010

Property Xpress

One of the biggest property funds on the Bulgarian Stock Exchange, Benchmark Fund Estates REIT, is negotiating to sell its largest project, the 35,000 sq. m business center on Sofia’s Tsarigradsko Shosse Boulevard, confirmed Veselin Genchev, executive director of the fund.


Bulgarian Land Development to Delist from AIM

09.07.2010

Property Xpress

Investment fund Bulgarian Land Development (BLD), which is currently traded on the AIM market of the London Stock Exchange, may sell assets and return the net proceeds from the sale to its shareholders


Construction production drops in May

09.07.2010

NSI

By the preliminary data of the National Statistics Institute, the total construction production in May 2010 was 16.6% less than the same month of the previous year.


Sofia Telephone Palace Acquisition Deal Fails

09.07.2010

novinite.com

Bulgaria's telecom service provider Vivacom has withdrawn from the preliminary contract with Irish-based West Incorporated signed earlier this year, it emerged on Friday.


600 British property owners in Pamporovo summoned to pay two-year backlog of taxes

01.07.2010

Sofia Echo

The municipality has sent nearly 600 letters to debtors in which the owners concerned are 'kindly requested' to pay up.


Rise in Russian demand for Bulgarian coastal real estate

25.06.2010

PropertyWiseBulgaria

A big rise of Russian investment in Bulgarian real estate along the Black Sea coast has been reported by private Bulgarian television channel bTV on June 25 2010


Chinese/Bulgarian Industrial Zone Planned for Bozhurishte

17.06.2010

Property Xpress

A joint Chinese/Bulgarian industrial zone will be built near Sofia, following the signing of a memorandum of promoting bilateral economic and trade cooperation between Bulgaria and China.


Housing stock in the country keeps its minimum growth of 0.1% in 2009

11.06.2010

NSI

Total in the country were registered 3 789 thousand dwellings, 63.8 % of them were located in the towns


Industrial Zone Planned for Bozhurishte, Bulgaria

09.06.2010

Property Xpress

Four state land lots in the village of Gurmazovo, Bozhurishte municipality, totaling 191.4 ha, will be added to the capital of the National Industrial Zones firm


27 % decrease in the newly built residential dwellings for the first quarter of the year

04.06.2010

NSI

The decrease of newly built dwelling located in the towns falls with 50%


Grocery Retailer to Resume Bulgarian Expansion

02.06.2010

Property Xpress

A grocery retail chain operator said it will resume its expansion in Bulgaria, frozen due to the crisis last year.


Two Established European Retailers Eyeing Bulgarian Market

31.05.2010

Property Xpress

According to market participants, French sporting goods chain Decathlon is looking at possible locations and negotiating with developers.


Nearly 30% decline in the number of issued building permits for the first quarter of 2010.

21.05.2010

NSI

On annual basis the decline is even greater – more than 57%


87 new residential buildings have been started in Sofia during the first quarter of 2010

21.05.2010

NSI

Statistics show that 462 new residential buildings with 1 652 dwellings were started in the country.


More than 6% drop in earnings from nights spent in the accommodation establishments

17.05.2010

NSI

However, the revenues from nights spent by foreigners increased by 8.5% to more than 40 million levs


IKEA to Start Construction on First Bulgarian Store in June

17.05.2010

Property Xpress

Construction work on the first IKEA hypermarket in Bulgaria will be launched on June 3 this year


Lavazza Coffee Shops Completes Acquisition in Bulgaria

12.05.2010

Property Xpress

Torino-headquartered Lavazza Coffee Shops Srl (LCS) has acquired 100 pct of the shares of Bulgarian Onda Coffee Break, operating 11 coffee shops in Sofia.


Bulgarian REIT to Spend EUR 50 mln for Office and Retail Center

11.05.2010

Property Xpress

A Bulgarian real estate investment trust (REIT) will invest about EUR 50 mln to develop an office and retail center.


Carrefour Registers Sales Growth in Romania

10.05.2010

Property Xpress

Europe’s largest grocery retail chain Carrefour says its sales in the first quarter of 2010 in Romania rose by 3.6 pct


Serbian Firm to Buy Israeli Developer Engel Europe

10.05.2010

Property Xpress

A Serbian company today announced it is planning to raise capital and acquire an interest in the Israeli property developer Engel Europe.


AFI Europe to Enter Shopping Center Segment in Bulgaria

31.03.2010

Investor.bg

AFI Europe to enter Shopping center segment in Bulgaria


Construction companies shift from real estate to roads and infrastructure

21.12.2009

Source: www.sofiaecho.com

Construction companies which until recently were in the business of developing and building residential complexes, golf courses and holiday homes, were redirecting their resources towards road construction, Bulgarian daily Dnevnik said on December16 2009.


Industry Watch: value of Bulgarian property likely to drop by a further 10%

21.12.2009

Source: www.sofiaecho.com

Real estate values are likely to drop by another 10 per cent from current levels due to the weak influx of foreign capital and the delay of bank credit in Bulgaria, Industry Watch said, quoted by Stroitelstvo Gradut weekly.


Fire sale

21.12.2009

Source: www.sofiaecho.com

An electronics and household appliances retail chain and a frozen ski resort project is all that is left in the portfolio of Equest Investment Balkans investment fund, who up until recently was busy buying out retail and real estate companies in Bulgaria.


Real estate prices in Bulgaria drop to 2007 levels

28.04.2009

PropertyWiseBulgaria

Property prices are currently approaching the levels of 2007, according to analysis from Raiffeisen Real Estate agency, using cumulative data for real estate and pricing for the period 2006 through to 2009, Stroitelstvo Gradut reports. The fall is particularly noticeable in properties that fall into the most popular price range - ranging from 50 000 through to 70 000 euro.


Bourgas mayor: property owners will be obliged to renovate their homes

28.04.2009

PropertyWiseBulgaria

Bourgas home owners will be coerced, where necessary, into carrying out a major overhaul and restoration of the exterior of their properties. They will be given "a decent time frame in which to conduct the necessary work. In case they fail to do so, the municipality will renovate the buildings with its own resources, after which it will collect the funds through legal action, if necessary," Dnevnik daily has reported.


Construction output grows thanks to increase in infrastructure demand

28.04.2009

PropertyWiseBulgaria

In light of the economic downturn and the de-acceleration of the dynamics in the real estate market, construction entrepreneurs and companies are re-directing their attention towards infrastructure projects, analysis from the National Statistics Institute (NSI) for February 2009 has revealed, as reported by Stroitelstvo Gradut.


Interior Ministry invests in Plovdiv and Stara Zagora

28.04.2009

PropertyWiseBulgaria

A new player looks set to make new investments in Bulgaria's real estate market. Interior Ministry chief, Mihail Mihov, turned the first sod on April 22 to start construction on the second regional police office headquarters in Stara Zagora.










Имотният пазар - между прегряването и успокоението

11.07.2008

Имотният пазар - между прегряването и успокоението