01 August 2010

Although the town is still upstaged by Bansko, it is at the forefront of Lira Thermal's ground-brеaking. It will be one of the largest holiday villages, covering a 18 000 sq m plot. The resort attracts purchasers with its lower prices for land and property.
Although the town is still upstaged by Bansko, it is at the forefront of Lira Thermal's ground-brеaking. It will be one of the largest holiday villages, covering a 18 000 sq m plot. The resort attracts purchasers with its lower prices for land and property.
 
 
Due to the lack of significant supply of contemporary industrial space, the vacancy rate in Sofia remains very low, about three per cent. Rental rates retained the same levels in all markets as in the first six months of 2007. Only in Sofia did secondary rents go up slightly - to four euro a sq m (from 3.5 a sq m in H1 2007), driven by the shortage in the supply of high quality industrial space.
Due to the lack of significant supply of contemporary industrial space, the vacancy rate in Sofia remains very low, about three per cent. Rental rates retained the same levels in all markets as in the first six months of 2007. Only in Sofia did secondary rents go up slightly - to four euro a sq m (from 3.5 a sq m in H1 2007), driven by the shortage in the supply of high quality industrial space.
Locals and environmentalists expressed their hope that love can save Irakli by sending good wishes to the authorities and constructors working on the virgin beach. The protesters decided that even though the authorities could not stop construction, they would try to use positive emotions instead of aggression.
Locals and environmentalists expressed their hope that love can save Irakli by sending good wishes to the authorities and constructors working on the virgin beach. The protesters decided that even though the authorities could not stop construction, they would try to use positive emotions instead of aggression.
A moderation in housing demand can also be seen in the development of mortgage loans, the annual growth rates of which started to decline in early 2006. These indications of a softening in the demand for housing coincided with a fall in the growth of building permits granted over the same period.
A moderation in housing demand can also be seen in the development of mortgage loans, the annual growth rates of which started to decline in early 2006. These indications of a softening in the demand for housing coincided with a fall in the growth of building permits granted over the same period.
Arco Invest acquired the Madrid project with all required permits on August 2 2007 and declared its intention to invest 20 million euro in a mixed residential-commercial complex with a total built-up area of 24 700 sq m. Completion is due in the autumn of 2009.
Arco Invest acquired the Madrid project with all required permits on August 2 2007 and declared its intention to invest 20 million euro in a mixed residential-commercial complex with a total built-up area of 24 700 sq m. Completion is due in the autumn of 2009.
Cabland is a joint venture, 80 per cent owned by NBG Consulting. The remaining 20 per cent share is held by the municipality. The owner of NBG Consulting is Malta-registered Darnik Limited.
Cabland is a joint venture, 80 per cent owned by NBG Consulting. The remaining 20 per cent share is held by the municipality. The owner of NBG Consulting is Malta-registered Darnik Limited.
"We usually do not choose REITs that own expensive, exceptional office buildings. We choose minor locations that would turn out more profitable," Tel says.
The ill-famed solicitor Michael Lynn, who has over 105 properties in Slovakia, Bulgaria, China, Spain, England, Dubai and Ireland, was alleged to have taken out multiple mortgages on several properties with major Irish banks, with alleged loan liabilities of more than 26 million euro.
The ill-famed solicitor Michael Lynn, who has over 105 properties in Slovakia, Bulgaria, China, Spain, England, Dubai and Ireland, was alleged to have taken out multiple mortgages on several properties with major Irish banks, with alleged loan liabilities of more than 26 million euro.
DTZ intends to raise 138 million euro for the fund over the next few months. Around 55 million euro has already been allocated for 10 real estate projects, primarily in Sao Paulo and Rio de Janeiro.
DTZ intends to raise 138 million euro for the fund over the next few months. Around 55 million euro has already been allocated for 10 real estate projects, primarily in Sao Paulo and Rio de Janeiro.
The investor is JBI – 91. The project was developed by 2M Project SPLTD and envisages the construction of a business centre with retail units on the first floors with a footprint of 1374 sq m and a gross actual area of 34 000 sq m. It is designed to suit the requirements for class A office buildings.
The investor is JBI – 91. The project was developed by 2M Project SPLTD and envisages the construction of a business centre with retail units on the first floors with a footprint of 1374 sq m and a gross actual area of 34 000 sq m. It is designed to suit the requirements for class A office buildings.
The fifteen lowest regions in the rankings were all in Bulgaria, Poland and Romania, with the lowest figures recorded in the North-East of Romania (24 per cent of the average), followed by Severozapaden and Yuzhen tsentralen in Bulgaria (both 27 per cent).
The fifteen lowest regions in the rankings were all in Bulgaria, Poland and Romania, with the lowest figures recorded in the North-East of Romania (24 per cent of the average), followed by Severozapaden and Yuzhen tsentralen in Bulgaria (both 27 per cent).
"Without quality golf courses Bulgaria will remain a cheap destination. It will continue to attract tourist flows, but without any major impact on the economy."
Prime rents for industrial space in the country remained at levels from the first half of 2007 at 3.8 – 5.5 a sq m, and are expected to remain stable throughout H1 2008.
Prime rents for industrial space in the country remained at levels from the first half of 2007 at 3.8 – 5.5 a sq m, and are expected to remain stable throughout H1 2008.
A total of 30 000 Romanians visited the Bulgarian resort last year and their number is expected to rise by as much as 30 per cent, officials from the resort's administration announced.
A total of 30 000 Romanians visited the Bulgarian resort last year and their number is expected to rise by as much as 30 per cent, officials from the resort's administration announced.
High street locations continue to enjoy good demand and retain past rental levels between 50-130 euro a sq m per month in Sofia.
High street locations continue to enjoy good demand and retain past rental levels between 50-130 euro a sq m per month in Sofia.
The pipeline of office space for 2008-2010 is significant across the region.
The pipeline of office space for 2008-2010 is significant across the region.
The office market in Sofia remains supply-driven. The existing office inventory is almost fully occupied and the new supply seems insufficient to meet the current market needs. Vacant space declined during the past six months, accounting to less than 4 per cent (or 26 000 sq m) of the total office supply.
The office market in Sofia remains supply-driven. The existing office inventory is almost fully occupied and the new supply seems insufficient to meet the current market needs. Vacant space declined during the past six months, accounting to less than 4 per cent (or 26 000 sq m) of the total office supply.
One of the main shareholders in the 600-million euro Super Borovets Project, for example, is the Sultan of Oman, who believes Omani buyers will be interested in buying once the project is near completion. A major Greek company, Gek, has also invested 72 million euro in Samokov, just 10 kilometres from Borovets.
One of the main shareholders in the 600-million euro Super Borovets Project, for example, is the Sultan of Oman, who believes Omani buyers will be interested in buying once the project is near completion. A major Greek company, Gek, has also invested 72 million euro in Samokov, just 10 kilometres from Borovets.
"Only two per cent of the people in the branch are professionals. The others are random players that have already started to sell out their hotels piece by piece because they can not pay back their debts."
James Gonzalez, Market Analyst at Obelisk comments,
James Gonzalez, Market Analyst at Obelisk comments, "Luxury properties are still within an affordable range for many overseas buyers, compared with more traditional markets (such as Spain or Portugal). A luxury apartment in Sofia's commuter belt averages around 135 000 euro - you would be hard pressed to find a good apartment in the Costa del Sol for that price."
Pension funds have expressed interest in financing the construction of highways, pipelines and even the Belene nuclear power plant.
Pension funds have expressed interest in financing the construction of highways, pipelines and even the Belene nuclear power plant.
CIVIS CENTER will provide services from more than two million people - Sofians and people in surrounding areas - according to Spanish executives. The executives also explained the importance of business centres and residential complexes for urban regeneration.
CIVIS CENTER will provide services from more than two million people - Sofians and people in surrounding areas - according to Spanish executives. The executives also explained the importance of business centres and residential complexes for urban regeneration.
London proved the most expensive city in terms of industrial space rentals.
London proved the most expensive city in terms of industrial space rentals.
EU and OECD (Organisation for Economic Cooperation and Development) citizens will be entitled to owning property in Macedonia.
EU and OECD (Organisation for Economic Cooperation and Development) citizens will be entitled to owning property in Macedonia.
The current price of an apartment in Milan or Rome is 15 average annual salaries.
The current price of an apartment in Milan or Rome is 15 average annual salaries.
Last year Atlas Estates acquired an office building in Sofia for 7.3 million euro.
Last year Atlas Estates acquired an office building in Sofia for 7.3 million euro.
The municipality imposes 10 leva a sq m for issuing a construction permit and 20 leva a sq m for granting a habitation certificate. DNCS, on the other hand, has introduced a nationwide maximum price of 1 000 leva for a whole building.
The municipality imposes 10 leva a sq m for issuing a construction permit and 20 leva a sq m for granting a habitation certificate. DNCS, on the other hand, has introduced a nationwide maximum price of 1 000 leva for a whole building.
Budapest
Budapest
FIA Bulgaria offers investors 525 000 shares at a face value of one lev and issue price of 9.31 leva a share.
FIA Bulgaria offers investors 525 000 shares at a face value of one lev and issue price of 9.31 leva a share.
Kavrukov said that the office segment still makes for a lucrative investment.
Kavrukov said that the office segment still makes for a lucrative investment.
The REITs investing in agricultural land say that they lease their land stock at rates fluctuating between 110 and 140 leva per hectare on average.
The REITs investing in agricultural land say that they lease their land stock at rates fluctuating between 110 and 140 leva per hectare on average.
Although Pamporovo has not yet witnessed the over-construction of places like Bansko the resort has a solid pipeline of projects.
Although Pamporovo has not yet witnessed the over-construction of places like Bansko the resort has a solid pipeline of projects.
Suikov cited some of the problems faced by the Bulgarian property market: illegal brokers, disloyal clients unwilling to pay commission fees after agents have done their work, as well as the intentional concealment of properties' flaws by rendering false or distorted information to customers.
Suikov cited some of the problems faced by the Bulgarian property market: illegal brokers, disloyal clients unwilling to pay commission fees after agents have done their work, as well as the intentional concealment of properties' flaws by rendering false or distorted information to customers.
Alpha Finance Holding owns 26 per cent of the capital of the agricultural land opportunity fund Mel invest.
Alpha Finance Holding owns 26 per cent of the capital of the agricultural land opportunity fund Mel invest.
If, for example, you have taken a housing loan of 50 000 leva to be paid off within 20 years, the increase of 1.5 per cent means you will pay 100 leva more every month.
If, for example, you have taken a housing loan of 50 000 leva to be paid off within 20 years, the increase of 1.5 per cent means you will pay 100 leva more every month.
"The centre will represent a completely new concept of shopping and entertainment in this region. With a MOL gas station within the complex, and supermarket, fashion stores and sports, the shopping centre will offer a complete service to visitors, travellers and the local population."
February 12 is the deadline for the transfer of rights - entitling participation in the capital raise - performed by FairPlay Propeties and Sopharma Buildings REITs.
February 12 is the deadline for the transfer of rights - entitling participation in the capital raise - performed by FairPlay Propeties and Sopharma Buildings REITs.
In June 2007, CB Richard Ellis decided to end its six-year partnership with its Romanian affiliate, which has since changed its name to Cornerstone International and is a reported acquisition target for Atisreal, the real estate services subsidiary of BNP Paribas.
In June 2007, CB Richard Ellis decided to end its six-year partnership with its Romanian affiliate, which has since changed its name to Cornerstone International and is a reported acquisition target for Atisreal, the real estate services subsidiary of BNP Paribas.
We are very excited to be launching our office in Podgorica. We think Montenegro has enormous potential and we hope to play a constructive part in the development of the country
We are very excited to be launching our office in Podgorica. We think Montenegro has enormous potential and we hope to play a constructive part in the development of the country
Assuming vacant space and space currently under renovation is fully rented, the annual net operating income generated by the properties is expected to be around 3.6 million euro, the UK-based firm said.
Assuming vacant space and space currently under renovation is fully rented, the annual net operating income generated by the properties is expected to be around 3.6 million euro, the UK-based firm said.
SAC, situated close to Sofia Airport, will offer 1 800 00 sq m of class A offices, logistics and warehouse areas after completion. Investment in the project is 250 million euro.
SAC, situated close to Sofia Airport, will offer 1 800 00 sq m of class A offices, logistics and warehouse areas after completion. Investment in the project is 250 million euro.
But in the coming years, the increased supply of large scale projects will dictate market trends. Investors' interest has already turned towards peripheral areas developments, satellite villages and gated complexes. Construction quality will become a major factor for clients, Kapital weekly concludes.
But in the coming years, the increased supply of large scale projects will dictate market trends. Investors' interest has already turned towards peripheral areas developments, satellite villages and gated complexes. Construction quality will become a major factor for clients, Kapital weekly concludes.
Neighbourhoods comprising panel apartment buildings also have the advantage of a developed transport infrastructure, kindergartens and schools.
Neighbourhoods comprising panel apartment buildings also have the advantage of a developed transport infrastructure, kindergartens and schools.
The Government considers golf tourism important, but it should be part of a wider strategy for the tourism sector, Stanishev was quoted as saying.
The Government considers golf tourism important, but it should be part of a wider strategy for the tourism sector, Stanishev was quoted as saying.
BG Agro, the Varna-based company active in the production and trade of grain and agricultural commodities, said in a filing that the stock market downturn has forced a delay in its plans to list on the Sofia exchange.
BG Agro, the Varna-based company active in the production and trade of grain and agricultural commodities, said in a filing that the stock market downturn has forced a delay in its plans to list on the Sofia exchange.
Loans of up to 1 000 leva represent the biggest share of retail loans with 1.3 million Bulgarians having borrowed 393.3 leva on average.
Loans of up to 1 000 leva represent the biggest share of retail loans with 1.3 million Bulgarians having borrowed 393.3 leva on average.
In late 2007, Ireland's Miller Group said it had prelet space to NewYorker in the Mall Varna, which is scheduled for opening in early April.
In late 2007, Ireland's Miller Group said it had prelet space to NewYorker in the Mall Varna, which is scheduled for opening in early April.
In partnership with Spain's Ferry Group, CSFI will invest in a biomass production.
In partnership with Spain's Ferry Group, CSFI will invest in a biomass production.
To make the new ski runs more attractive to tourists, the company also plans to invest in a villa settlement in Stoikite.
To make the new ski runs more attractive to tourists, the company also plans to invest in a villa settlement in Stoikite.
Gerdjikov said that the measures are designed to limit the growth in the number of vehicles in Sofia and raise more money for repairs to road infrastructure.
Gerdjikov said that the measures are designed to limit the growth in the number of vehicles in Sofia and raise more money for repairs to road infrastructure.
Mortgage credits with a maturity of up to ten years are becoming less popular and account for just 10.63 per cent of all loans in January, Credit Center said.
Mortgage credits with a maturity of up to ten years are becoming less popular and account for just 10.63 per cent of all loans in January, Credit Center said.
A year earlier Invest Property acquired 39 946 sq m of land in Vratsa's eastern industrial zone for 1.6 million leva.
A year earlier Invest Property acquired 39 946 sq m of land in Vratsa's eastern industrial zone for 1.6 million leva.
UK property investors, who accounted for 40 per cent of all Bulgaria property investment in 2007, followed closely by Russian investors at 38 per cent, have played a primary role in maintaining favourable market conditions.
UK property investors, who accounted for 40 per cent of all Bulgaria property investment in 2007, followed closely by Russian investors at 38 per cent, have played a primary role in maintaining favourable market conditions.
Residential sale prices increase at a quicker pace than rentals, so accounting for the slowdown of returns on these investments, the think-tank comments.
Residential sale prices increase at a quicker pace than rentals, so accounting for the slowdown of returns on these investments, the think-tank comments.
The July Morning site comprises 95 000 sq m of freehold agricultural land on the Black Sea coast in the town of Kavarna, acquired by BLD through several private purchases in 2006 for an aggregate value of 4.3 million euro.
The July Morning site comprises 95 000 sq m of freehold agricultural land on the Black Sea coast in the town of Kavarna, acquired by BLD through several private purchases in 2006 for an aggregate value of 4.3 million euro.
Around 78 per cent of January's mortgage loans were withdrawn in euro nationwide. The corresponding rate for Sofia was 85 per cent.
Around 78 per cent of January's mortgage loans were withdrawn in euro nationwide. The corresponding rate for Sofia was 85 per cent.
The REITs will be more and more interesting to investors especially after the crisis on the market. BGREIT registered the smallest decrease compared to the other indexes on the BSE.
The REITs will be more and more interesting to investors especially after the crisis on the market. BGREIT registered the smallest decrease compared to the other indexes on the BSE.
A savvy entrepreneur would never start construction of high-quality class A office premises on a suburban plot because such developments command higher prices (1 700 euro a sq m). Given an unattractive location they would be unlikely to sell.
A savvy entrepreneur would never start construction of high-quality class A office premises on a suburban plot because such developments command higher prices (1 700 euro a sq m). Given an unattractive location they would be unlikely to sell.




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31 Jul 2010
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GBP2.3426
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