Archive for the ‘properties’ Category

In the gardens of crisis

An article in Capital newspaper is trying to revitalise the dead project of Winslow called Winslow Gardens. Probably this is the last effort to find more buyers before they go bust.
It is very interesting why they don’t mention about the other “profitable” investments in Bansko – Mountain Residence (1, 2, 3, 4, etc) and the [...]

Price of properties fall with 28% from last year

The prices of properties in Bulgaria fall with 28% compared to the same period last year. In Sofia the fall is 6% while in Montana and Vidin the fall is respectively 16% and 10%.
The highest average price of property is in Varna – 1770 BGN followed by Sofia – 1640 BGN and Burgas 1379 BGN. [...]

Real Estate Bubble wiped out BGN 83 bn from Bulgarian households

Between 2008 and 2009, Bulgarian households lost BGN 83 bn, or 130% of the country’s GDP, from the bursting of the real estate bubble.
Read the full article in Klassa newspaper.

Deals with properties drop by 35%

Recent publication in dnevnik.bg states that deals with properties in Bulgaria have dropped by 35% during the first half of the year. Knowing the position of the newspaper and its publishers you can easily expand this figure to 50% as the facts for the construction business are not very precise in Eonomedia newpapers and websites. [...]