Mar-25-2010 By BULGARIAN PROPERTIES
A report shown in the morning program of Pro.BG television on March 19th comments that at present about 1,000 hotels are put up for sale in Bulgaria, as part of them are offered on the site businessforsale.bg. From bungalows to five-star first-line developments are offered for sale as there are hotels whose price is similar to that of an apartment in the capital Sofia.
The Chief Operations Manager of BULGARIAN PROPERTIES Polina Stoykova says that the cheapest hotel offers start from 100,000 to 300,000 euro – these usually are small family hotels, 2-3 houses in a complex for renting out or buildings at shell stage.
The trend shows that some of the developers sell shares or look for partnerships, while other just did not know how to manage their business. The more enterprising developers turn the hotel rooms into studio apartments and sell them at a bargain price as there is a lot of interest in the and they are sold fast.
According to the Chief Operations Manager of BULGARIAN PROPERTIES the company offers completely finished apartments in Bansko at prices starting from 12-13,000 euro, as well as seaside apartments in finished complexes for as low as 7-8,000 euro.
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Has the Bulgarian property market reached the bottom?
Mar-17-2010 By Capital Magazine, Macedonia
In its issue from March 4th 2010 the Macedonian business magazine Capital published a material on the holiday property market in Bulgaria. According to the author of the article one of the most common ads in the big ski resorts in Bulgaria is for sale of hotels. Currently there are 700 hotels put up for sale.
The magazine also writes that Bulgarian real estate agencies say that at the moment the British are the most active property sellers and the buyers in the ski resorts are mostly Greeks, Serbians and Macedonians.
The magazine cites BULGARIAN PROPERTIES’ Chief Operations Manager Polina Stoykova who says that every week the company organizes more and more viewing trips for Macedonians looking for a property in Bansko. According to her Macedonian buyers are well informed about the changes in property prices around Bulgaria, but their interest is focused mainly on the tourist hubs in western Bulgaria.
However, the greatest property price decrease is in Bansko where a studio of 25 square meters can be bought for as low as 11,000 Euro.
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Has the Bulgarian property market reached the bottom?
Mar-12-2010 By BULGARIAN PROPERTIES
On March 11th 2010, for the seventh time, Baumit Bulgaria gave awards for the most beautiful facades in Bulgaria at a ceremony at the National Palace of Culture.
As always, the category Residential Buildings – New Construction was the most contested of the four categories. 54 facades, finished in 2009, competed for the crystal Baunit cube.
The first place in the category was won by the luxuriously finished residential complex Vertu in Sofia, as BULGARIAN PROPERTIES is the agency holding the exclusive sale rights of the properties in the development.
Vertu was designed by Elite Studio Ltd, by Architect Kalin Dikov and Architect Andrey Arnaudov and the executor and investor is M.I.N.T. Ltd.
The Chairman of the jury and member of the Board of Directors of the Union of Architects in Bulgaria Architect Lilo Popov handed the awards to the winners this year.
The other categories in which were given out awards are: Administrative and Public Buildings and Hotels, Restoration Construction, Family Homes – New and Restoration Construction and Best Student Faзade in which students of architecture vote for their favorite project.
Luxury apartment complex Vertu
Mar-9-2010 By Imam Imot Magazine, March 2010
In its March issue the Bulgarian magazine Imam Imot published an article about the actual prices of properties in Bulgaria. In it the Chief Operations Manager of BULGARIAN PROPERTIES Polina Stoykova comments that the market is getting nearer to finishing the process of price readjustment and to finding a balance.
According to Ms Stoykova the last research of BULGARIAN PROPERTIES based on actual offers and concluded deals shows that there is still discrepancy between the offer prices and the prices at which deals are concluded. This discrepancy varies between 5 and 15% for the different regions and property types.
Polina Stoykova also comments that the issue of what is the real value of properties in Bulgaria still remains. Perhaps the market is very close to finding the point of balance. According to her by the middle of 2010 the process will end and the market will reach the bottom, after which upon a positive development in the economy we could expect an increase in the deals and stable prices.
Read the whole article
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Has the Bulgarian property market reached the bottom?
Mar-8-2010 By BULGARIAN PROPERTIES
This year BULGARIAN PROPERTIES once again received an award in the Property Insurance category at the annual competition of one of the biggest insurance companies in Bulgaria - Allianz. The award was presented to BULGARIAN PROPERTIES' insurance expert Galya Zlatanova during the Trade Conference of the insurance company held at the Park Hotel Moskva on 26.02.2010.
BULGARIAN PROPERTIES Insurance department is one of the company’s first departments as apart from taking out property insurances for its clients it also takes care of the renewal of the insurance policies and provides assistance in case of an occurrence of an insured event. Besides insurance of immovable property the company also offers all other types of insurance.
For insurance consultations please contact Galya Zlatanova via e-mail or call +359 2 9 11 50.
Property Insurance in Bulgaria
Property insurance prices in Bulgaria
Mar-4-2010 By BULGARIAN PROPERTIES
In the spring of 2010 Bulgaria’s capital of Sofia will add to its portfolio of trade centers three new ones – Sofia Outlet Center, Serdika Center and Carrefour Tzarigradsko Mall. The new trade centers will add about 132,000 square meters to the already existing 70,000 sq.m. of commercial centers in Sofia.
Some new brands will come to Bulgaria for the first time in the new commercial areas turning Sofia into an attractive shopping destination. Some of the new brands to be sold in Sofia will include Six, Koton, Zara, Pull & Bear, Bershka, Celine B., Stradivarius, Peek & Cloppenburg, Bijou Brigitte, BCBG Max Azria, Marc O'Polo, BSB, Hogl, Gelati, Humanic, Celebrity brands, Jennyfer, Cache Cache, Guess accessories, The North face, House, Textura, Ulla Popken, Bellora.
The three commercial centers will start operating as follows: Sofia Outlet Center – on March 5th as the accent here will be placed on goods at lower prices; Serdika Center – on March 16th and Carrefour Tzarigradsko Mall – on April 21st.
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