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Office, 25 sq.m, city of Varna, Downtown
€ 230
For rent
2 BRS Apartment, 100 sq.m, city of Sofia, Sofia downtown, Patriarch Evtimii Blvd
€ 500
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
For rent
2 BRS Apartment, 100 sq.m, city of Varna, Downtown
€ 450
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 Economy08-09-2010
Sofia's 'The Mall' Boasts 100% Store Space Lease
The shopping center in Bulgaria's capital Sofia known as The Mall achieved 100% lease of the store space, according to Colliers International, exclusive rent consultant. The British fashion chain Next, one of the key tenants, opened Wednesday the doors of its first store in Bulgaria in The Mall. The other new brands on the Bulgarian marker are the Greek clothing company Pink Woman, and the Spanish lingerie chain Oysho, part of the Inditex group, already well-known in Bulgaria with its labels Zara, Bershka, Stradivarius, Pull & Bear, and Massimo Dutti. The Colin's and Levi's stores opened in August ...
08-09-2010
Greece's Bluehouse to Ink EUR 27 M Deal in Bulgaria
Greek investment fund Bluehouse Capital is to acquire four properties of Sofia-based ERG Capital 1 and ERG Capital 2 REITs in a EUR 27 M deal, according to media reports. Bluehouse Capital has already signed preliminary contracts with the two companies, majority-owned by the Bulgarian-American Enterprise Fund (BAEF), Dnevnik daily reported, citing insiders to the negotiations. The Bulgarian subsidiary of real estate consultants Colliers International has been picked as consultant on the deal.Last year Bluehouse Capital acquired for EUR 27.3 M the building complex Auto Union Centre, which is located ...
08-09-2010
Real Estate Prices at Bulgaria's Potential F1 Track Skyrocket
A week after it was announced that Bulgaria might built a Formula 1 circuit, the real estate prices at its future site near Sofia have skyrocketed despite the fact that the initiative has been troubled by an international scandal. The properties near the village of Dobroslavtsi right outside of Sofia to the northwest, which is expected to host the Formula 1 racetrack on a former air base plot, increased by 50%-75% overnight, according to bTV. The private channel reports that the rumors around the future F1 site are not the only the locals at Dobroslavtsi have been targeted by buyers for their ...
08-09-2010
Switzerland to Finance Bulgaria's Schengen Preparation
Bulgaria will receive 106.5 million levs (CHF 76 million) from Switzerland under the Bulgarian-Swiss program for Cooperation. Reportedly, the Cabinet will use 27 million levs of this money to speed up Bulgaria's accession into the Schengen zone. A framework agreement under the program was signed yesterday between Bulgaria's European Affairs Minister Tomislav Donchev and Mr. Doris Leuthard, President of the Swiss Confederation. Another CHF 27 million of the grant will be used to carry out infrastructure and environmental reforms, while three million Swiss francs will be allotted for development ...
08-09-2010
Russian Investment Funds Eye Bulgarian SPA Centers
Russian Investment funds show increased and growing interest in Bulgarian SPA centers both on the Black Sea coast and inside the country. The information was reported by the Bulgarian National Radio (BNR) Tuesday, citing the President of the Bulgarian branch of the international real estate federation FIABCI, who said Russian investors are inquiring about possibility to purchase entire complexes at once. According to the President, this a a new trend to replace individual private Russian interests in Bulgaria's tourist sector. The investment funds also wish to purchase land plots near SPA sites ...
08-09-2010
'Bulgaria in Brilliance' Photo Exhibit Shown in Sofia
A new open-air photo exhibit dedicated to Bulgaria's culture was opened in downtown Sofia Monday. The photo exhibit entitled "Bulgaria in Brilliance" is dedicated to the history of Christianity in the Bulgarian lands and the Bulgarian contribution to the world cultural heritage. Many of the photos show the Bulgarian sites that are recognized by UNESCO as part of the world cultural heritage. The exhibit is located on the so called "Lovers' Bridge" behind the National Palace of Culture, and is organized by the Sofia Municipality. The author of the exhibit is Tosho Peykov, a former MP. The photo ...
03-09-2010
Cash is King as Bulgaria Hotels Seek to Change Hands
As sellers of property, hotels included, are going through hard times in Bulgaria, most deals are a result of cash payments, experts say and forecast that cash will remain king. “Due to the restricted financing, deals can be concluded only by investors with money at hand. The forecasts for 2010 can best be described as “cash is the king,” Anna Rizova-Clegg, Country Managing Partner in the Sofia office of DLA Piper, the international legal practice, said in an interview for Novinite.com. A survey of the hotel and hospitality industry by DLA Piper found that 22% of all respondents – executive directors ...
03-09-2010
Russian Real Estate Website Enthusiastic about Bulgaria
Bulgaria is a worldwide leader in residential and commercial real estate and will remain to be so, writes Russian real estate analytic portal RWay.ru Thursday. The website lists the following five pluses of buying in Bulgaria: legislation favorable to non-resident investors, low prices and prospects for increase in worth. The article states that in spite of a considerable drop of prices since 2008 and various other drawbacks such as property with unserviced loans, unfinished construction and overconstruction, there is a significant positive outlook for Bulgarian real estate. It claims, largely ...
03-09-2010
Bulgarian Govt Refashions Notorious Army Building Project in Sofia
Bulgaria's Cabinet has decided in favor of the partial completion of a controversial construction project of the Defense Ministry in downtown Sofia. The so called National Army Complex is known also as the "military NDK" because it is likened to NDK (i.e. the National Palace of Culture) as it is located close to it in downtown Sofia, and is just as huge. The construction of the National Army Complex has come under much criticism in the Bulgarian media since its inception in 2004-2006 with critics arguing that the Bulgarian Army and Defense Ministry do not need such a costly and enormous project, ...
03-09-2010
Advertising campaign of Bulgaria as year-round tourist destination starts on leading Pan-European channels
The advertising campaign of Bulgaria as a year-round tourist destination started on September 6 on Eurosport, Euronews, National Geographic Channel, and Discovery Channel. The first stage of the campaign will finish by December 26, 2010. The next stage will be launched on January 31 and will continue until March 27. The aim of the campaign is to show 608 million households in Europe that Bulgaria offers magnificent opportunities for tourism and vacation. The advertising spots will be 30 seconds long and will be shown in the prime hours in 5 languages – Bulgarian, English, German, French, and ...
03-09-2010
Bulgarians Increased Trips Abroad in Q2
The total number of trips Bulgarian citizens have made within the country and abroad dropped by 11% for the second quarter of 2010, according to preliminary data from Bulgaria's National Statistics Institute. However, Bulgarians made about 23% more trips abroad in the second quarter this year, in comparison to the period April-June 2009, while the trips within the country dropped by 17%. According to the data, vacations and trips have been the most common reason for the Bulgarians to travel abroad. The average money spent on a trip in Bulgaria in the second quarter of 2010 was BGN 158, while ...
03-09-2010
Bulgarian Economy Minister Backs Eco Tourism against Mafia
Bulgaria's system of mountain huts and cabins should remain intact to preserve environmentally friendly tourism, said Bulgarian Minister of Economy Traicho Traikov Sunday. “No mountain hut should be closed or replaced by apartments or hotels,” stated Traikov, who is also the minister in charge of tourism in Bulgaria. Traikov was speaking at the top of Cherni Vrah summit nearby Sofia at a gathering of more than 4000 hiking enthusiasts to mark the 115th anniversary of organized hiking, mountaineering and tourism in Bulgaria. The economy minister's statement comes as a response to worries recently ...
31-08-2010
Bulgarian construction sector marks an increase in Q2 2010 - report
A serious rise in the Bulgaria's construction sector was recorded in the second quarter of 2010, compared to the preceding three months, the National Statistics Institute announced on August 23 2010. Data reveals that construction permits increased by 46 per cent, while actual construction soared by about 70 per cent. Despite this trend, on an annual basis this still represents a 21 per cent decline, the report said. Sofia, Varna, Plovdiv and Bourgas are the four cities with the most active ongoing construction projects at the moment, the report said. In total, 1441 real estate buildings were ...
31-08-2010
Buying an office in Bulgaria costs the same as leasing - Creditex
There is no difference between the expenses incurred in buying an office in Bulgaria using a mortgage and leasing an office, according to non-banking financial institution Creditex, part of the Bulgarian unit of Dutch-based TBI Financial Services. The company anticipates a pick-up in the Bulgarian business property market due to changes in the ratio between selling prices and rents, it said. About 16 percent of Creditex’s loan portfolio covers investment properties. While lease prices are lower than in 2008 and loan interest rates are higher, the purchase of an office through a bank loan costs ...
31-08-2010
Bulgaria's Pironkova Reaches 2nd Round at US Open
Bulgaria's best female tennis player, Tsvetana Pironkova, has qualified for the second round of the last for this year Grand Slam championship US Open. The 22-year-old Bulgarian, who was seeded as number 32, managed to defeat Renata Voracova from the Czech Republic by 6-3, 6-4. In the second round, Pironkova will face the 24-year-old Mandy Minella from Luxembourg, who defeated the Slovenian Polona Hercog by 6-4, 7-5 in the first round. If she manages to get ahead, in the third round th Bulgarian will have to play against Venus Williams, who suffered what international media around the world has ...
31-08-2010
Burgas Airport Welcomes 1.5 Millionth Passenger
Olga Andreevna, who arrived at Burgas Airport on the Bulgarian Black Sea coast Saturday night 22.27 EET from Moscow, turned out to be the airport's 1,500,000th passenger for 2010. This year Burgas airport welcomed its 1 millionth and 1.5 millionth passenger within one month. On August 4 23-year-old German Eileen Nischik flying in from Cologne became Burgas Airport’s millionth passenger. Russian traveler Andreevna came to Burgas Saturday night with her husband and little daughter for a two-weeks’ holiday in Sunny Beach north of Burgas. The lucky traveler and her family were serviced in the airport's ...
31-08-2010
Bulgaria's Varna to Host Film Festival 'Golden Rose' in Oct
The 29th edition of the festival for Bulgarian feature film “Golden Rose” will be held October 2-8 in the Black Sea city of Varna. The organizers will be the Agency “National Film Center”, supported by the Ministry of Culture, the municipality of Varna, the Bulgarian National Television (BNT) and the Festival and Congress Center in Varna. For the first time the Varna company “Artin Vision”, which is specialized in organizing musical and film events, will be a co-organizer of the “Golden Rose. This year's edition of the festival will include all Bulgarian feature films that have been made in the ...
31-08-2010
Eco Activists Collect 2.5 T Trash from Seven Rila Lakes
The campaign for cleaning up the area of the famous Seven Rila Lakes in Bulgaria resulted in 2.5 tonnes of waste collected. 80 volunteers from across the country, as well as from Poland, Britain and France participated in the August 24-29 campaign launched by “For the Earth” environmental organization. Trash was collected from hidden dumps in the area, as well as around the lakes themselves, which, due to easy access, are frequented by many tourists and holidaymakers. That was the opinion of “For the Earth” environmentalists, who deplored the launch of a new lift leading to the Seven Lakes in ...
19-08-2010
Eurostat: Construction sector in Bulgaria shrinks by a further 17.5%
Bulgaria is among the three countries in Europe with the steepest decrease in the construction sector – for the tenth month running, according to Eurostat data revealed on August 18 2010. The construction sector in Bulgaria deflated by further 17.5 per cent in June on annual basis. The only two countries that fared worse in that respect were Hungary and Slovenia with 19.6 and 16.9 per cent respectively. Bulgarian has performed among Europe's "worst three countries" since September 2009. The worst month for the Bulgarian construction was December 2009, where it shrank by 33.3 per cent. This latest ...
19-08-2010
Subway Districts Most Popular in Bulgaria's Sofia
Apartments in the neighborhoods along the subway are the most wanted for renting in the Bulgarian capital. According to the real estate agency “Address”, the most desired Sofia neighborhoods for renting are Mladost, Darvenitza, Iztok and Lyulin. The monthly rent for a two-room apartment varies between EUR 190 and EUR 280. The most deals are sealed with about EUR 200. However, about 10% of all the contracts are signed in BGN, instead of EUR, the real estate agency has stated. “The landlords would decrease the price of the rent by EUR 10-35 if they like the tenants. Another method for lowering the ...