Sat, Nov 21 2009

Bulgarian property most valued by Russian investors

Fri, Apr 03 2009 14:55 CET byNick Iliev 1779 Views
Bulgarian property most valued by Russian investors

Photo: Krasimir Youskeseliev

Bulgaria remains the most popular and sought-after destination for Russian real estate investors. As of March 2009, 18.8 per cent of all applications processed for real estate wanted, in the Russian Prian.ru website, were targeting properties and land in Bulgaria.
 
There is, however, a marginal drop in demand, as in January interest from Russia generated 19.84 per cent of applications. Regardless of that however, Bulgaria has maintained its top position in the charts.
 
Second after Bulgaria is the United States, with 7.85 per cent. Third is Spain with 7.31 per cent.
 
According to the analysis by Priun.ru, as reported by Investor.bg, there is a considerably larger drop in demand for such locations as Egypt and Finland. Latvia, which is outside the top 10, has registered a rise in demand, as it has advanced up the pecking order from 15th to 11th position.
 
Fourth is Germany with 7.03 per cent, followed by Finland in fifth with 5.57 per cent, Italy with 5.03 per cent, France with 3.85 per cent and the Czech Republic with 3.77 per cent.

Comments

Anonymous David McCormick Mon, Jul 06 2009 18:38 CET

This comment has been removed by the moderator because it contained .

Write comment

Name:Comment:

Generate new code
Send your comment
We buy houses by the kilo - real estate consultancy

Real estate consultancy agency to fight crisis in real estate sales by buying houses 'by the kilo'.

Engel limits operations in Bulgaria and Romania

Engel abandons projects in Bulgaria and Romania in light of the economic crisis, concentrating on ongoing projects in central Europe.

The future of Studentski Grad is still uncertain

More than 30 "illegal ventures" in Studentski Grad have been ordered to close and are pending demolition after the latest investigation from the Sofia Directorate for Construction Control. Discussions for the renovation of the campus will be initiated on April 15-20

CBRE Colin Wadell - Bulgarian real estate market suffers from small scale and low liquidity

In Bulgaria, funds and investors currently lack abundant financial resources at a ready disposal, have limited capital for investments and banks accordingly are very cautious in releasing crediting which creates further obstacles for the market

Varna municipality will tear down illegal property

The head of public order, Svetomir Nikolov, has been fired as part of a massive action undertaken to stall illegal construction around the Varna Lake

Property purchases of 500 000 leva or above to be investigated

Parliament divided on amendments in the Penal Code, the law on confiscation of property obtained from unlawful activity and embezzlement investigation, as well as other uncomfortable issues.

More in this category

New modern marina worth 24M leva to be constructed in Pomorie

The Black Sea town of Pomorie has approved a proposal for the construction of a spacious and modern marina, with a capacity of over 600 yachts and small passenger ships.

Construction sector in Europe continues to decline

Over the course of a year, from one of the leaders in Europe in new construction, Bulgaria became one of the countries currently quagmired at the bottom of the table and was now amongst the three worst hit countries, along with Romania and Slovenia.

Bulgarian Property Developments begin construction of 12.6M euro logistics park in Rousse

The park is posed to act as an economic stimulant in the region, creating a modern infrastructural base for companies. It is set for completion by Q3 of 2010.

Discounter chains Penny Market, Plus open stores in Bulgaria

Both retailers target at least 50 outlets in Bulgaria by the end of 2010.

The big question

When will Bulgaria’s real estate and construction sector recover?

© 2000-2009, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.