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Real Estate News
Jun 27 2008

Average sale house price in Bulgaria reaches 1090 leva a sq m

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27.06.2008 г.
Neighbourhoods comprising panel apartment buildings also have the advantage of a developed transport infrastructure, kindergartens and schools.The average sale price for a sq m of residential property in Bulgaria reached 1090 leva in 2007, a 30 per cent increase on the previous year"s 840 leva. The overall price hike of residential properties for the last three years was 300 per cent, Kapital weekly reported. Despite the price increase, the number of property deals rose by 10 per cent. Real estate agencies told Kapital Weekly the period between an apartment being offered for sale and signing a deal has dropped to less than a month.?All of us expected a price hike in the range from 10 to...
 
Jun 27 2008

Sofia mall market to reach saturation soon

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27.06.2008 г.
?Right now the Bulgarian market is literally flooded with shopping malls, and the prices asked are not adequate for a developing market,? Gerard Groener, an executive director for the Dutch Corio N.V. has told ow Jones Newswires, as quoted by the Bulgarian website investor.bg.In 2008, entrepreneurs still find commercial and business centres the most appealing projects for investment. But there is a possibility this tendency to change after 2010, when all planned construction is completed, the market in Sofia might become saturated, consultants Arco Real Estate said in a statement. In addition to the four shopping malls, there are a further 18 projects announced. For some of them, the foundat...
 
Jun 27 2008

Greece to host technological fair in September

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27.06.2008 г.
Helexpo, the main organiser of the event, has stated that the public sector, together with the imported businesses, makes up to 12 per cent from the total of exhibitors, and 19 per cent of the exhibition space.On September 6-14, the Greek city of Thessaloniki will host the 72nd international fair, which traditionally gathers exhibitors from all over the world as well as boasts 12 thematic events. This year, the fair will present participants from 26 countries among which are South Africa, Cyprus, Brazil, India, Turkey, Romania, France and Italy, as stated on the event"s official website. More than 1000 companies are expected to present their services and products, whereas Greece will partici...
 
Jun 25 2008

UNIQA Subsidiary Climbs To Second Largest Life Insurer in Bulgaria

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25.06.2008 г.
The Bulgarian UNIQA subsidiary UNIQA Insurance plc achieved premium growth of 29.0% in the 1st quarter of 2008 and is already the second-largest life insurer in Bulgaria with a market share of 19.7% (+3.9%).In the non-life segment, UNIQA moved into sixth place following a premium growth of 19.5% and a market share of 7.4% (0.1%). The company aims to be the largest Bulgarian life insurer by the end of the year.With average market growth at 23.9%, UNIQA achieved a rise in life insurance of 54.1% and hence a premium volume of around €6.6 million. "UNIQA has scored highly thanks to innovative products, excellent sales and close cooperation with the local Raiffeisenbank," says Pau...
 
Jun 25 2008

Dubai co to market Arapia holiday apartments

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25.06.2008 г.
Dubai Dreamz has been awarded the exclusive agency contract to market the Efes apartment complex in Bulgarian sea resort Arapia, said Ireland-registered West Incorporated which is investing in the development.The upmarket Efes compound will offer 166 studios and apartments. It has a build area of 16,000 sq m, including spa center, swimming pool, bars, conference center, sports facilities and various eateries.The construction of the holiday apartment complex will begin this fall and reach completion by 2011, said West Incorporated.The market value of the complex is estimated at around 40 mln euro.West Incorporated is focused on real estate opportunities in Bulgaria.It has so far delivered pro...
 
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