Sun, Nov 08 2009
The first 2007 issue of PropertyWise, the specialised real estate magazine of Sofia Echo Media, is already available online.
At www.propertywisebulgaria.com readers can learn more about the impact that Bulgaria's EU entry had on the local property market.
On January 1 2007 Bulgaria achieved its long pursued goal and became member of the EU. Real estate agents predicted that the accession will cause a new property market boom. Expectations of the development led to market growth in advance.
PropertyWise tries to find out if these predictions came true. All of the analyses, interviews and reports are already available free of charge at www.propertywisebulgaria.com.
To enrich its content the website also features daily news about the latest property developments, statistics and deals in Bulgaria.
PropertyWise is a bi-monthly publication, coming out the last Friday of every other month. For more information visit its website www.propertywisebulgaria.com or write to editor@propertywisebulgaria.com
Office rent transactions peaked at 65 000 sq m between July and September 2008, but collapsed to 10 700 sq m in Q3 2009, Forton manager Sergei Koinov said.
Most potential buyers are now opting to buy a luxury flat in the range of 120 000 to 150 000 euro or a single family home for about 500 000 euro.
About 30 000 to 35 000 people employed in the construction sector were facing redundancies in 2010, Bulgaria's Regional Development Minister Rossen Plevneliev said on October 26.
Average market prices of housing in Bulgaria dropped five per cent in July-September, measured quarter-on-quarter, the National Statistical Institute said on October 23 2009.
The European Investment Bank (EIB) has released a 43.5 million euro loan to Sofia Municipality, for infrastructure projects worth 88.1 million euro in total