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Office, 25 sq.m, city of Varna, Downtown
€ 230
For rent
2 BRS Apartment, 80 sq.m, city of Sofia, Dianabad, Str. Loven park
€ 390
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House, 160 sq.m, Dobrich Region, Obrochishte
€ 750
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2 BRS Apartment, 100 sq.m, city of Varna, Downtown
€ 450
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2 BRS Apartment, 100 sq.m, city of Sofia, Sofia downtown, Patriarch Evtimii Blvd
€ 500
NEWS
ABOUT BULGARIA City-planning Culture Ecology Finance and Taxes Interesting Tourism News from MIRELA Real Estate Agency Housing loans Real Estates Prices and Analyses Construction The real estate market at present Economy14-05-2010
The real estate market at present
Colliers International: 'Exceptionally good time to invest in Bulgarian real estate'
According to real estate consulting agency Colliers International, "this is the perfect time for investment in real estate" in Bulgaria. In a May 13 2010 media statement, Colliers said that it was a case now or never, stating that the time is "exceptionally appropriate for purchasing property". The statement quoted Tatyana Emilova, manager at Colliers International Bulgaria, as saying that the main factors defining the current business environment were the "affluent choice of supply" complete with "alluring price tags"; the "readiness of investors to offer flexible solutions" and the "suitable ...
16-03-2010
The real estate market at present
Bulgaria Still No. 1 on Russia's Real Estate Market
Bulgaria remains on the top of the list of the Russian real estate market, according to the organizers of the first in Russia international competition for best vacation properties. The competition is affiliated with the Russian edition of the 35-year-old British “Home Overseas.” 250 projects applied to participate in the competition and 18 made the final cut, of them 3 Bulgarian – in the beach towns of Sozopol and Shkorpilovtsi and in the winter resort of Pamporovo. According to the Russian real estate agencies dealing with Bulgarian properties, the crisis had not affected negatively Russian ...
27-01-2010
The real estate market at present
Real estate market in 2010 could become more flexible as prices dip further
The industry was not at its healthiest over the past 12 months for understandable reasons, but there are indications that the business outlook may be slightly more convenient for potential buyers and sellers. The most "popular" price-tags for real estate in Bulgaria's capital Sofia and the third largest city in the country, Varna, for the final quarter of 2009 were in the range of about 40 000 euro, Address real estate agency said, quoted by Dnevnik daily on January 26 2010. According to data from the agency, about 73 per cent of buyers from both Sofia and Varna have said that they were prepared ...
27-01-2010
The real estate market at present
Varna real estate is the dearest amid nationwide decline
Bulgaria's Black Sea port city of Varna was home to the most expensive real estate in 2009, data from the National Statistics Institute (NSI) revealed on January 25 2010. While real estate prices decreased on all fronts across Bulgaria during the year, as a direct impact of the global economic downturn, properties in Varna were offered for as much as 1686 leva for a sq m, Dnevnik reported.Sofia came in second with 1585 leva for a sq m, followed by Bourgas with 1360 leva for a sq m. Overall, real estate in Bulgaria lost around 20 per cent of its value in 2009, according to the NSI research. In ...
22-01-2010
The real estate market at present
Bulgaria Property Prices Down 20% y/y
Average asking sales prices across all property sub markets fell 20% on average on a year-on-year basis, data of realtors shows. There are significant differences between neighbourhoods, with no particular area being resilient to the changed market conditions, according to a report of Colliers International. Only Doctor’s Garden remained above 2007-levels, but the experts point out that there were quite few offers with a wide span in prices per square meter. During the second half of 2009 the supply of new residential units grew at a modest pace. According to data published by the National Statistical ...
15-01-2010
The real estate market at present
Newly-completed office buildings to keep rents low in 2010 - study
The gradual accumulation of new office buildings due to be completed and opened for business throughout 2010 will have a "dis-balancing" effect on the market and keep prices low because of excessive over-supply, a study by real estate consultant firm MBL and global consultancy CB Richard Ellis was quoted as saying by Stroitelstvo Gradut weekly on January 12 2010. According to MBL, about 72 000 sq m of office space were rented out in 2009 nationwide, making it the lowest rate in five years, since total completed office space amounted to 165 000 sq m. Additionally, about 375 000 sq m of new office ...
15-01-2010
The real estate market at present
Shopping mall rents to drop while market diversifies - study
Shopping mall retail space in Bulgaria is poised to increase by about 50 per cent compared to the current 281 000 sq m over the next 18 months, according to property consulting firm MBL, cited by Stroitelstvo Gradut weekly on January 14 2010. "At the moment, there are projects amounting to 507 000 sq m under construction, 156 000 sq m of which are based in Sofia," a company statement said. MBL are partners of international consulting firm CB Richard Ellis. In April 2009, investment fund Heitman European Property Partners Fund III (HEPP III) appointed consultancy firm MBL, an associated partner ...
12-01-2010
The real estate market at present
Bulgaria Property Shaky on Capital, Better on Buy to Let
Property Abroad NewsBulgarian property prices are likely to fall another 10% according to Industry Watch, as quoted by Stroitelstvo Gradut, a Bulgarian weekly. The analytical firm said that the lack of foreign capital investment inflows coupled with a slow lending process would continue to put downward pressure on prices for the foreseeable future. According to the Knight Frank index of global property prices the decline is slowing. The quarter on quarter fall in Q1 was 12.4%, it was 9.7% in Q2, and it was 5% in Q3. There is also evidence to suggest that Bulgaria may start to see resurgence in ...
08-01-2010
The real estate market at present
Bulgarian real estate prices to show increase after mid-2010
2009 was the best year for buyers of real estate in recent years because property prices fell by an average of 30%, said Krassen Yotov, an analyst at Industry Watch. According to his estimates the property market will change significantly after mid-2010, when we can expect further increase of prices. Therefore, people who have cash are still in a strong position and can negotiate better prices, said the expert. The analyst advised to buy homes that have already been built in 2010 because “green construction” carries a very high risk and may not be completed in the years to come. According to ...
29-09-2009
The real estate market at present
Apartments in southern Sofia quarters most frequently preferred: Ivan Goranov
Small, two-room apartments of 75-80 square meters are the most frequently preferred homes. Their price is between EUR 850 and EUR 900 per a square meter. The apartments in Sofia’s southern residential quarters are the most frequently preferred ones, Ivan Goranov, managing partner in Home For You, told FOCUS News Agency. He says the interest in closed residential complexes is increasing because of the large variety of services and the safety they offer. In the first six months of this year the property market in Bulgaria slowed down its dynamic development and acquired tendencies typical of 2007 ...
29-09-2009
The real estate market at present
70% of the estate deals in Sofia go up to 40 000 euro
Most of the real estate deals in the current market are with clients that have the money cash, says Teodora Dimitrova – manager of the Bulgarian and Romanian branch of the European network for real estates ERA. Mostly, these buyers aim for underpriced estates. The average prices that customers agree to don’t go over 50 000 EUR. Our analysis for Sofia in particular shows that 70% of the deals of our cash clients are within the 30 000 – 40 000 EUR price range, says Dimitrova. According to her, people are currently very cautious and don’t take risks with bank loans if they are not sure in their ...
26-09-2009
The real estate market at present
Bansko and the southern Black Sea coast have the most real estate offers
The southern Black Sea coast and Bansko offer the biggest variety in real estate deals.This was stated by Teodora Dimitrova, manager of the Bulgarian and Romanian branch of the European network for real estate companies ERA, in an interview.“The demand is mostly dictated by foreigners looking for profitable investments or people that would have never thought of purchasing an estate if it wasn’t for the crisis. Studio apartments for 20 000 EUR weren’t possible until recently,” explains Dimitrova.Foreign buyers have lessened in number just like in all real estate markets across Europe. Most of ...
23-09-2009
The real estate market at present
Bulgaria Real Estate Market Offers Fewer Price Cuts
Sellers of real estate properties in Bulgaria reduce prices less and less while prices in the largest cities show fewer reductions.The data belongs to the brokerage site topimoti.bgIn February, in the capital Sofia, reduced price properties were 6,88% of all listings while in August they are just 3,84%.The trend for fewer listings announcing price cuts is constant since May. In May properties cost 2,8% less compared to April but in August those prices are just 0,6% less compared to July.Other large cities such as Varna, Burgas and Plovdiv show similar trends with Sofia remaining the most expensive ...
18-09-2009
The real estate market at present
Bulgaria Real Estate Market Registers August Revival
Bulgaria's property market has registered an August increase of 2% to 3%, the Chair of the National Real Estate Association, Lachezar Iskrov reported. Iskrov spoke Thursday in a special interview for Darik radio.According to the Chair, property prices have ceased to go down, but will maintain their current level for quite a while and the real estate values would reach their pre-crisis numbers in five to six years from now. Currently the average price for residential properties in the capital Sofia is between EUR 750 and 950 per square meter. In the Black Sea cities of Varna and Burgas the values ...
04-09-2009
The real estate market at present
Investors keen on clean energy, infrastructure, real estate
Clean energy, infrastructure and distressed property assets have the widest appeal with investors at the moment and restructuring is also sparking keen interest, Anna Rizova-Clegg, managing partner of the Bulgarian office of global legal service provider DLA Piper, told a news conference in Sofia on September 2 2009.Although it is still grappling with consequences of the worldwide economic downturn, the property sector has remained one of the main fields for the company’s Bulgarian businesses. But interest in depressed assets in the sector comes chiefly from investment funds with a suitable business ...
29-05-2009
The real estate market at present
Bulgaria Real Estate Market On the Up
Bulgaria's real estate market has started to recover after the decline in the last few months.Experts from the National Real Property Association have announced Thursday that the number of deals increased in March and April, after the stillness in the market from December 2008 to February 2009.The prices have reached the psychological minimum of EUR 700 to EUR 1000 per square meter, and they cannot be further decreased, the analysts said.Bulgarians have EUR 2-3 B of savings and probably the money will be invested in real estate, the experts explained. Source and photo: novinite.com To see the ...
26-05-2009
The real estate market at present
AT Kearney: Bulgaria holds ground in office outsourcing
The latest rating of the global business consultant AT Kearney indicates that Bulgaria still has positive potential for outsourcing of offices in spite of the economic downturn. It is still an attractive destination, especially in the financial and accounting sectors, maintenance and development of computer systems and databases, client support, research and development and labour intensive services.Office building investors have an increasingly arduous task in the midst of the downturn: finding tenants for hundreds of thousands of sq m of office space at a time when managers are trying to cut ...
22-05-2009
The real estate market at present
Logistic and administrative centres are still sought after
Leading Sofia-based consulting firms have reported that perspectives for investments in industrial sites, warehouse complexes and logistics centres in the capital and the surrounding region have in fact "improved", because the crisis has had a substantially lesser effect on rent levels compared to other types of business properties."In the current market, international investors can buy industrial property in Manchester at, say, 9.45 per cent, or say in London, that would generate annual yields of about 8.75 per cent, which results in expectations for 12-15 per cent for Bulgaria as a risk premium," ...
19-05-2009
The real estate market at present
Jones Lang LaSalle: Sofia home prices may fall 12% in 2009
Housing property prices in Sofia may fall by up to 12 per cent in Sofia and up to 20 per cent in Bucharest in 2009, a report by global real estate consultancy Jones Lang LaSalle has said.While sales trends and home price movements will be downward in both cities, Sofia will slide slower than Bucharest and see smaller declines.The trend in the strongly cyclical real estate sector is expected to persist throughout the year and not turn around before 2010. Now that the growth has skidded to a halt, some entrepreneurs will opt for pulling out or wait for better times before coming back to their projects, ...
15-05-2009
The real estate market at present
Superfluous supply and weak demand equal 19 100 sq m of new office space on offer
In Sofia for the first quarter of 2009, 19 100 sq m of new office space have been completed and made available on the market, the consultant company Forton revealed on May 12. According to the most recent report, the highest supply currently available is around the Sofia circular Road along major boulevard arteries and near Sofia Business Park.A new tendency is also observed on the market. Many companies renting out office areas are either switching to cheaper locations, re-negotiating their contracts to obtain cheaper rents or allowing a third party to rent office space in parallel, so allowing ...