|
Sofia Property Sofia Real
Estate Sofia News Buying Property Sofia Investing Property Sofia
FOREIGNERS MAD ABOUT
BUYING PROPERTIES IN SOFIA
|
1400 EUR/sq.m. for a
luxury property in Sofia
People from UK, Germany and Austria went crazy about buying
luxurious properties in Sofia. This information was supplied to
“Trud Daily” by local Real Estate Agencies. The
apartments’ rush lead to a new rise in the prices and now a
sq.m. close to the Doctor’s Garden reached the price of 1400
Euro. A sq.m. of living area in that region of Sofia, which is
among the most expensive ones reached the price of 800-1200
Euro/sq.m..
Estate agents explained that the record prices of 1400 Euro/sq.m.
are paid for luxury apartments with designer interior, spacious
terrace and panoramic views towards Vitosha Mountain. The
furnishing includes upholstered furniture, air-conditioning,
modern TV set, stereo system and fitted kitchen.
Besides the interest shown in apartments, foreigners pay great
attention to the building plots. Respectively, the owners try to
make the most of it and often raise the price during the
negotiations. For example, a building plot close to the Boyana
Film Centre in Sofia was offered for a starting price of 250 000
Euro, which was doubled in several days, agents say.
A manager of a famous Real Estate Agency announced about similar
sale-trade activities for newly-built apartments on the last
floor with unique location and luxurious repair works. According
to him, the real estate market is facing changes: the price of
the new constructions will go up, while the price of the old
panel buildings which need expensive repair works will go down.
He registers an increased interest on behalf of the foreigners
about apartments in the capital, which is characteristic for the
East-European countries.
His opinion is supported by the section “Short
advertisements” of “Trud Daily”: “Englishman buys an
apartment, immediate payment!” or “German Company is looking
for a luxurious apartment close to Hotel “Kempinski-Zografski”.
Another big Real Estate Agency from Sofia reveals that the
residential areas with the highest prices in Sofia (between
900-1200 Euro/sq.m.) are four: The Doctor’s Garden, the region
close to “Kempisnki Zografski” Hotel, “Vitosha” Blvd.
(close to the South Park) and the residential area “Iztok”.
Bulgaria Stock Exchange Continues to Sink; BG40 Falls Below 100 Points
The indexes on the Bulgarian Stock Exchange continued to tumble down on Tuesday and lost their 2-digit values with BG40 and SOFIX falling by 10%, BGTR30 by 9,24% and BGREIT by 7,80% just before closing. Some of the biggest losers of the day are Industrial Holding Bulgaria with a 26% decrease down t... | Talks Start with Smart Group over Kremikovtzi
The management of Bulgaria's troubled steel mill Kremikovtzi have started Tuesday talks with the Ukrainian Smart Group company over the eventual acquisition of the insolvent plant, trade union officials said. The leader of the KNSB trade union organization in the plant, Vasil Yanachkov, also said t... | Bulgaria Guarantees Bank Deposits up to BGN 100,000
Law amendments reading that the Bulgarian state guarantees bank deposits of up to BGN 100,000 (51,000 EUR) go into effect Monday. In addition to personal deposits, now the deposits of pension funds in Bulgaria are also guaranteed. European finance ministers agreed early October to raise the minimu... | Financial Crisis to Shift Austrian Investments in Bulgaria to Manufacturing
The global financial crisis is likely to cause Austrian investors in Bulgaria to withdraw from the real estate sector, and to shift their focus to investments in production facilities and logistics. This prognosis was made by Dr. Michael Angerer, the Commercial Counselor at Austria's Embassy in Bu... | Financial Crisis Cancels Christmas Celebrations in Croatia
The Government of Croatia has banned Christmas and New Year parties in the public sector because of the global financial crisis, BBC reported. State-run firms and organisations have also been told that they won't be allowed to dip into their funds to buy Christmas presents. The ban follows a pro... | Bulgaria Second Largest Steel Maker Takes Forced Vacation Due to Global Crisis
Beginning December 1, Bulgaria's second largest steel mill of the company "Stomana Industry" in the town of Pernik is temporarily discontinuing its production, the company's Executive Director Emil Zhivkov reported on Monday. The forced vacation comes as a result of the global financial crisis in t... | Financial Crisis Hampers Sale of Bulgaria Defense Ministry Real Estate Property
About half of all military real estate property tenders have failed due to lack of investors' interest, the Bulgarian Defense Minister Nikolay Tsonev announced on Monday during a discussion about the 2009 State budget. Tsonev was, however, firm that the practice of exchanging military real estate p... | Bulgaria, Italy Port Officials Meet to Reactivate Transport Corridor No.8
Bulgarian and Italian transport officials met Monday in the Italian port of Brindisi in order to reactivate the project for the Pan-European Transport Corridor No. 8. The Bulgarian delegation included the Deputy Transport Minister Daniela Nikiforova, the CEO of the Port of Varna Danail Papazov, th... | Workers of Bulgaria's Military Factory VMZ Sopot Stage Warning Strike
About 800 workers from one of Bulgaria's largest military factories, VMZ, which is located in the central Bulgarain town of Sopot, held Monday morning a warning strike. The effective strike started at 8 a.m. and lasted for about half an hour. It is set to continue with an on-site strike between 11... | Bulgaria's Auto Carriers Put off Planned Protests over Diesel Prices
The Association of the Auto Transport Organizations is putting off the protests that it had planned for Monday, November 17, because of the unfair diesel prices in Bulgaria compared to the rest of the EU. The news was announced Monday morning by the Chair of the Association Krasimir Lalov in an in... |
|
|
|
|
